
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?
Look for qualifications from recognised bodies such as ICAEW, ACCA, or AAT. These indicate rigorous training and adherence to professional standards. Chartered accountants have passed advanced examinations and maintain continuing professional development, ensuring they stay current with tax law and financial regulations.
How can a chartered accountant help with my tax return?
A chartered accountant can prepare and submit your Self Assessment tax return accurately and on time. They identify allowable expenses and reliefs to minimise your tax liability, ensure compliance with HMRC requirements, and represent you in case of any enquiries or investigations.
What is the difference between an accountant and a chartered accountant?
All chartered accountants are accountants, but not all accountants hold chartered status. Chartered accountants have completed additional training, passed stringent exams, and adhere to a strict code of ethics. This qualification demonstrates a higher level of expertise and commitment to professional standards.
Do I need a chartered accountant for my small business?
While not legally required, a chartered accountant provides valuable support for small businesses. They can advise on tax planning, VAT registration, payroll, and financial forecasting. Their expertise helps you avoid costly mistakes and ensures your business meets all legal obligations efficiently.
How often should I meet with my chartered accountant?
Meeting frequency depends on your business complexity. Quarterly meetings are common for reviewing financial performance and planning tax strategies. Annual meetings are essential for preparing accounts and tax returns. Many accountants also offer ongoing support via phone or email for urgent queries.
What services does a chartered accountant typically offer?
Services include preparing annual accounts, tax returns, VAT returns, payroll management, and business planning. They also provide audit services, financial analysis, and advice on company structure. Many offer specialist support for HMRC investigations and help with securing business finance or grants.
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