
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 chartered accountant hold?
A chartered accountant should hold a recognised qualification from ICAEW, ACCA, or a similar professional body. These credentials require rigorous training and ongoing development, ensuring the accountant stays current with tax laws and financial regulations. Always verify their membership status before engaging their services.
How can a chartered accountant help with my Self Assessment tax return?
A chartered accountant can prepare and submit your Self Assessment tax return to HMRC accurately and on time. They identify allowable expenses and reliefs to minimise your tax liability. Their expertise reduces the risk of errors, penalties, and HMRC enquiries, giving you peace of mind during the filing process.
Do I need a chartered accountant for my limited company?
Yes, a chartered accountant is highly recommended for limited companies. They handle Corporation Tax computations, prepare statutory accounts, and advise on dividend strategies. Their knowledge of HMRC requirements ensures compliance and helps you make informed financial decisions to support business growth.
What is the difference between an ACCA and ICAEW accountant?
Both ACCA and ICAEW are respected accountancy bodies, but they have different focuses. ACCA has a global emphasis, while ICAEW is traditionally UK-focused. Both require rigorous exams and practical experience. The choice often depends on the accountant's specialism and your specific business needs.
Can a chartered accountant help with VAT registration and returns?
Yes, a chartered accountant can assist with VAT registration, choosing the right scheme, and submitting quarterly returns to HMRC. They ensure you comply with VAT regulations and claim input tax correctly. This service saves time and helps avoid costly mistakes in your VAT accounting.
How often should I meet with my chartered accountant?
You should meet your chartered accountant at least quarterly to review financial performance and plan for tax deadlines. More frequent meetings may be beneficial during periods of change, such as business expansion or new tax legislation. Regular contact ensures proactive advice and timely compliance.
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