
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
Why do restaurants need specialist accountants rather than general practitioners?
Restaurants face unique financial challenges such as food cost ratios, stock control, tronc systems, and VAT on mixed supplies. Specialist accountants understand these issues and can help you organise your books, claim allowable expenses, and meet HMRC requirements. They also benchmark performance against similar venues, helping you improve margins and plan for seasonal cash flow.
What qualifications should I look for in a restaurant accountant?
Look for professionals regulated by ACCA, ICAEW, or AAT. These bodies ensure members meet strict standards and keep their knowledge current. A qualified accountant can prepare statutory accounts, file Corporation Tax returns, manage VAT, and handle Self Assessment. They can also represent you in HMRC enquiries and advise on Making Tax Digital compliance.
How can an accountant help with VAT and Corporation Tax for my restaurant?
An experienced accountant ensures your VAT returns are accurate, applying the correct rates to food, drink, and hospitality supplies. They also calculate your Corporation Tax liability, identify allowable deductions, and file your return on time. This reduces the risk of penalties and helps you keep more of your profits whilst remaining compliant with HMRC rules.
What should I expect from a tax return service for a restaurant?
A tax return service typically includes preparing your annual accounts, calculating taxable profits, and submitting your return to HMRC. For restaurants, this involves analysing sales, stock, wages, and expenses. The accountant will also advise on capital allowances for equipment and ensure you claim all eligible reliefs, helping you avoid overpaying tax.
How does AccountingFirms help me compare accountants in Shrewsbury Shropshire?
AccountingFirms lists verified, regulated firms in Shrewsbury Shropshire. You can browse profiles to see services, specialisms, and credentials. The platform allows you to compare providers based on your restaurant's needs, whether you require help with VAT, payroll, or year-end accounts. It connects you directly with professionals who understand hospitality.
Can an accountant help with payroll and pensions for restaurant staff?
Yes. Accountants can manage payroll, calculate PAYE, and handle auto-enrolment pensions for your team. They understand the flexible hours and tips common in restaurants, ensuring accurate pay and compliance with HMRC. This saves you time and reduces the risk of errors, allowing you to focus on running your venue.
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