
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 chartered accountant?
You should look for professionals who are members of ICAEW, ACCA, or AAT. These qualifications indicate rigorous training and adherence to ethical standards. Many accountants also hold practising certificates and are registered with HMRC for agent services, ensuring they can handle tax matters on your behalf.
How can a chartered accountant help with my Self Assessment tax return?
A chartered accountant will ensure your Self Assessment return is completed accurately and submitted on time. They identify allowable expenses and reliefs you may have missed, potentially reducing your tax bill. They also handle correspondence with HMRC and can represent you if your return is queried.
Do I need a chartered accountant for my limited company?
Yes, a chartered accountant is highly recommended for limited companies. They prepare annual accounts, manage Corporation Tax filings, and ensure compliance with Companies House requirements. Their expertise helps you avoid penalties and optimise your tax position through legitimate planning strategies.
What is the difference between a chartered accountant and a certified accountant?
Both are highly qualified, but chartered accountants are typically members of ICAEW, whilst certified accountants are members of ACCA. Both bodies require rigorous exams and ongoing professional development. The choice often depends on the specific expertise you need, as both can handle tax, audit, and business advisory work.
How often should I meet with my accountant in East Anglia?
Most businesses benefit from quarterly meetings to review financial performance, discuss tax planning, and address any compliance issues. Annual meetings are the minimum for tax return preparation. Regular contact helps you stay informed about changes in legislation and ensures your business remains financially healthy.
Can a chartered accountant help with VAT registration and returns?
Yes, chartered accountants are well equipped to advise on VAT registration thresholds, scheme selection, and quarterly return preparation. They ensure your records meet HMRC requirements and help you reclaim input tax correctly. This is particularly valuable for businesses in East Anglia that trade across borders or deal with mixed supplies.
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