
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 membership of ICAEW, ACCA, or AAT, as these bodies require rigorous training and ongoing professional development. A chartered accountant will have passed demanding exams and adhere to a strict code of ethics, ensuring high standards of service and accountability.
How can a chartered accountant help with my Self Assessment tax return?
A chartered accountant can prepare and submit your Self Assessment tax return accurately and on time, minimising your tax liability while ensuring compliance with HMRC rules. They will identify allowable expenses, reliefs, and allowances you might otherwise miss, saving you money and reducing the risk of penalties.
What is the difference between a chartered accountant and a regular accountant?
A chartered accountant holds a professional qualification from a recognised body such as ICAEW or ACCA, which involves advanced study, practical experience, and adherence to strict ethical guidelines. This status provides greater assurance of expertise and regulatory oversight compared to an unqualified accountant.
Do I need a chartered accountant if I run a small business?
Yes, even small businesses benefit from the strategic advice and compliance support a chartered accountant offers. They can assist with VAT registration, payroll, Corporation Tax, and financial planning, helping you avoid costly mistakes and focus on growing your enterprise.
How often should I meet with my chartered accountant?
Most businesses meet their accountant quarterly to review financial performance and plan for tax obligations. Annual meetings are essential for year-end accounts and tax return preparation. Regular contact ensures you stay compliant and can adapt quickly to changes in your business or tax law.
Can a chartered accountant help with HMRC investigations?
Absolutely. A chartered accountant can represent you during an HMRC enquiry, handling correspondence and negotiating on your behalf. Their expertise in tax law and procedure reduces stress and can significantly improve the outcome of an investigation, protecting your financial interests.
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