
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 I look for in a bookkeeper?
Look for bookkeepers with recognised certifications such as ACCA, ICAEW, or AAT. These qualifications demonstrate a high level of training and adherence to professional standards. Certified bookkeepers are more likely to stay updated on tax laws and accounting practices, ensuring your records are accurate and compliant with HMRC requirements.
How can a bookkeeper help with my tax return?
A bookkeeper organises your financial transactions throughout the year, making it easier to prepare accurate tax returns. They ensure all income and expenses are correctly recorded, which simplifies Self Assessment submissions. This reduces the risk of errors and helps you meet HMRC deadlines without stress.
Do I need a bookkeeper if I use accounting software?
Yes, because software still requires correct data entry and classification. A professional bookkeeper ensures your accounts are set up properly, reconciles bank statements, and identifies discrepancies. Their expertise maximises the software's benefits and keeps your records HMRC-ready.
What is the difference between a bookkeeper and an accountant?
A bookkeeper handles day-to-day financial recording, such as invoicing, payroll, and bank reconciliations. An accountant analyses this data for strategic planning, tax planning, and preparing annual accounts. Many businesses use both, with the bookkeeper maintaining accurate ledgers for the accountant to review.
How often should I meet with my bookkeeper?
The frequency depends on your business volume and complexity. Many small businesses meet monthly to review transactions and cash flow. Others prefer quarterly updates. Regular meetings help catch errors early and ensure your financial records are always up to date for VAT returns or management reporting.
Can a bookkeeper help with VAT returns?
Yes, most qualified bookkeepers are experienced in preparing VAT returns. They ensure your sales and purchase records are correctly categorised, calculate the amount due, and submit the return to HMRC on time. This reduces the risk of penalties and keeps your business compliant with VAT regulations.
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