
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 qualifications should a bookkeeper in Chase Side hold?
A professional bookkeeper should ideally hold recognised qualifications from AAT, ACCA, or ICAEW. These accreditations demonstrate a strong understanding of accounting principles, tax regulations, and ethical standards, ensuring your financial records are managed competently and in compliance with HMRC requirements.
How can a bookkeeper help with my Self Assessment tax return?
A bookkeeper can organise your income and expense records throughout the year, making it straightforward to prepare your Self Assessment tax return. They ensure all allowable deductions are claimed and that your submission is accurate and submitted on time to HMRC, reducing the risk of penalties.
Do I need a bookkeeper if I use accounting software?
Accounting software is a useful tool, but a bookkeeper provides expert oversight to ensure data is entered correctly, transactions are categorised properly, and reports are accurate. They can also advise on software settings and help you comply with Making Tax Digital requirements.
What is the difference between a bookkeeper and an accountant?
A bookkeeper typically handles day-to-day financial records, such as invoicing, bank reconciliations, and payroll. An accountant provides higher-level services like tax planning, financial analysis, and strategic advice. Many businesses benefit from using both, with the bookkeeper preparing records for the accountant to review.
Can a bookkeeper handle my VAT returns?
Yes, a qualified bookkeeper can manage your VAT returns, ensuring they are calculated correctly and submitted to HMRC on time. They will keep track of your sales and purchase invoices, apply the correct VAT rates, and help you stay compliant with Making Tax Digital for VAT.
How often should I meet with my bookkeeper in Chase Side?
The frequency depends on your business volume and complexity. Many businesses meet monthly or quarterly to review accounts and discuss cash flow. Regular contact helps identify issues early and ensures your records are always up to date for HMRC deadlines and financial decision-making.
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