
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What should I look for when choosing an accountant for my freelance work?
When selecting an accountant, look for recognised qualifications from bodies such as ACCA, ICAEW, or AAT. Check their experience with freelancers and whether they offer services like Self Assessment, VAT, and Corporation Tax. It is also wise to confirm they are registered with HMRC for agent services and ask about their fee structure. Reading reviews and comparing a few firms will help you find a professional who suits your needs.
How can an accountant help me with my Self Assessment tax return?
An accountant can prepare and file your Self Assessment tax return accurately and on time. They will identify allowable business expenses you may have missed, ensure your income is correctly reported, and calculate the tax you owe. They can also advise on payments on account and help you plan for future tax bills. This reduces the risk of errors and penalties from HMRC.
Do I need an accountant if I am a freelancer with a limited company?
Yes, running a limited company brings additional responsibilities, including Corporation Tax, company accounts, and Confirmation Statements. An accountant who specialises in freelancers can manage these statutory filings, advise on salary versus dividends, and ensure you meet all deadlines. They can also help with VAT registration if your turnover exceeds the threshold, saving you time and stress.
What are the benefits of using a certified accountant from a body like ACCA or ICAEW?
Certified accountants from bodies such as ACCA or ICAEW have undergone rigorous training and must adhere to strict ethical and professional standards. They are required to keep their knowledge up to date through continuing professional development. This ensures they provide accurate and current advice. Additionally, they are regulated, which offers you protection and recourse if something goes wrong.
Can an accountant help me with VAT registration and returns?
Absolutely. An accountant can advise whether you need to register for VAT, help you choose the best scheme such as Flat Rate or Annual Accounting, and prepare your VAT returns. They will ensure your records are compliant and that you claim any allowable input tax. This can save you money and prevent costly mistakes with HMRC.
How does AccountingFirms verify the accountants listed on its directory?
AccountingFirms was established by ICAEW and ACCA qualified accountants, so the platform understands the importance of regulation. Firms featured in the directory are verified to hold relevant qualifications and practising certificates. The directory also allows clients to leave reviews, giving you further insight. This helps you find and compare trusted professionals with confidence.
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