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
Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More
APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More
Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
Startup Accountants
Our startup accountants London operate with a specific approach to keep your business afloat. Gradually positioning it where you have dreamt it to be....See More
Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
Frequently asked questions
Why do restaurants need specialist accountants rather than a general practitioner?
Restaurants face sector-specific issues such as VAT treatment of food, drink and service charges, tronc and tip distribution, and complex payroll rules. A specialist accountant understands these areas and can apply HMRC guidance correctly. This reduces the risk of errors, supports compliance, and helps owners claim allowable expenses. General practitioners may lack the detailed hospitality knowledge needed to optimise tax positions and avoid common pitfalls.
What qualifications should I look for in a restaurant accountant?
Look for membership of recognised bodies such as ACCA, ICAEW or AAT. These qualifications indicate the accountant has met professional standards and is subject to regulation. ACCA and ICAEW members often handle Corporation Tax and complex VAT matters, whilst AAT-qualified professionals may support bookkeeping and payroll. Checking credentials ensures you engage a competent adviser for tax returns, Self Assessment and compliance work.
How can an accountant help with VAT and Corporation Tax for a restaurant?
An accountant can advise on VAT registration, correct rates for food and drink, and partial exemption where applicable. They prepare and submit VAT returns to HMRC on time, avoiding penalties. For limited companies, they compute Corporation Tax, identify allowable deductions, and file accounts. This proactive approach supports cash flow and ensures the restaurant meets its obligations without overpaying tax.
What records should a restaurant keep for tax purposes?
Restaurants should keep daily sales records, till rolls, supplier invoices, payroll records, bank statements and VAT records. HMRC expects these to be retained for at least six years. Organised records make it easier for an accountant to prepare accounts, VAT returns and Corporation Tax computations. Digital record-keeping under Making Tax Digital for VAT is also required for VAT-registered businesses.
Can an accountant assist with Self Assessment for restaurant owners?
Yes. Sole traders and partners must file Self Assessment tax returns, and accountants can prepare these accurately, claim allowable expenses, and submit to HMRC before the deadline. They can also advise on payments on account and planning to reduce future liabilities. This ensures owners meet their personal tax obligations whilst focusing on running the restaurant.
How does AccountingFirms help me compare accountants in Smallfield?
AccountingFirms lists verified, regulated accountants, allowing users to browse local firms and compare services, specialisms and credentials. Established in 2019 and built by ICAEW and ACCA accountants, the directory helps restaurant owners find professionals suited to hospitality. Users can review information and make contact directly, simplifying the process of choosing a qualified accountant in Smallfield.
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