
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 South London hold?
A qualified bookkeeper should ideally hold accreditation from a recognised body such as ACCA, ICAEW, or AAT. These certifications demonstrate that the professional has undergone rigorous training and adheres to ethical standards. Hiring an ACCA or AAT member ensures your financial records are prepared correctly and in compliance with HMRC requirements.
How can a bookkeeper help with my Self Assessment tax return?
A bookkeeper organises 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 figures match HMRC expectations. This reduces the risk of errors and penalties, saving you time and stress at tax season.
Do I need a bookkeeper if I already have an accountant?
Yes, many businesses benefit from both a bookkeeper and an accountant. The bookkeeper maintains daily records and reconciles accounts, whilst the accountant uses that data for tax planning and strategic advice. This division of labour is cost-effective and ensures your financial records are always accurate and ready for review.
What is the difference between a bookkeeper and an accountant in South London?
A bookkeeper focuses on recording daily financial transactions, managing ledgers, and reconciling bank statements. An accountant interprets that data to provide tax advice, prepare financial statements, and offer strategic guidance. Both roles are complementary, and many firms in South London offer combined services for convenience.
How much does a bookkeeper in South London typically charge?
Charges vary based on the complexity of your business and the volume of transactions. Many bookkeepers offer monthly retainers starting from around £150 to £400 per month, whilst others charge hourly rates between £25 and £50. It is advisable to request quotes from several local firms to compare fees and services.
Can a bookkeeper handle my VAT returns for HMRC?
Yes, a qualified bookkeeper can prepare and submit your VAT returns directly to HMRC using Making Tax Digital compliant software. They ensure your input and output VAT are correctly calculated and that all records are kept in order. This helps you avoid late filing penalties and keeps your business compliant with current regulations.
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