
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 exactly do accountants for sole traders do?
Accountants for sole traders handle your Self Assessment tax return, ensuring it is accurate and filed on time. They also help you track income and expenses, claim all allowable deductions, and provide advice on tax planning. Additionally, they can assist with VAT, bookkeeping, and financial forecasting, giving you more time to run your business.
How do I choose the right accountant for my sole trader business?
Look for a qualified professional who is a member of a recognised body such as ACCA, ICAEW, or AAT. Consider their experience with sole traders in your industry, their fee structure, and whether they offer the services you need. Reading client reviews and comparing providers on directories like AccountingFirms.co.uk can help you make an informed choice.
What is the difference between an accountant and a tax return service?
A tax return service may only complete and submit your Self Assessment form. An accountant offers a broader range of services, including ongoing tax planning, bookkeeping, VAT management, and financial advice. They can also represent you if HMRC queries your return, providing a more comprehensive and proactive approach to your finances.
Can an accountant help me with an HMRC tax investigation?
Yes, a qualified accountant can be your representative during an HMRC enquiry. They will handle all communication with HMRC, prepare the necessary documentation, and ensure your rights are protected. Their expertise can help resolve the investigation efficiently and minimise any potential penalties or additional tax liabilities.
How much does it cost to hire an accountant for a sole trader?
Costs vary depending on the complexity of your affairs and the level of service you require. Many accountants offer fixed fees for basic tax return preparation, while others charge an hourly rate or a monthly subscription for ongoing support. It is advisable to request quotes from several firms and compare what is included in their fees.
What records do I need to keep for my accountant?
You should keep records of all income and expenses, including invoices, receipts, bank statements, and records of any personal money used in the business. If you are VAT-registered, you must also keep a VAT account. Your accountant can provide a detailed checklist to ensure you stay organised and compliant with HMRC requirements.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.
