
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

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
Frequently asked questions
What does a contractor accountant do?
A contractor accountant manages the financial affairs of freelancers and limited company directors. Duties include preparing annual accounts, filing tax returns, calculating Corporation Tax and VAT, advising on IR35 status and recommending efficient salary and dividend strategies. They ensure compliance with HMRC rules whilst maximising legitimate take-home pay for contractors.
Why should I choose an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualifications demonstrate rigorous training and adherence to professional standards. These regulated accountants possess up-to-date knowledge of tax legislation and HMRC requirements. Choosing a qualified professional reduces the risk of errors, penalties and missed deadlines, giving contractors confidence that their financial affairs are managed to the highest standard.
How much does a contractor accountant cost?
Fees vary depending on the level of service required. Monthly packages typically range from affordable fixed amounts covering accounts, payroll, VAT returns and Self Assessment. Some firms charge separately for additional services such as IR35 reviews or company formation. Comparing providers helps contractors find competitive pricing that suits their budget.
Can an accountant help with IR35 compliance?
Yes. Experienced accountants assess contracts and working practices to determine IR35 status. They advise on whether a role falls inside or outside the legislation and recommend suitable contract wording or working arrangements. This guidance helps contractors avoid unexpected tax liabilities and demonstrates reasonable care when dealing with HMRC.
What is the deadline for filing a Self Assessment tax return?
The deadline for online Self Assessment tax returns is 31 January following the end of the tax year. Paper returns must be submitted by 31 October. Late filing incurs automatic penalties and interest on unpaid tax. Accountants ensure returns are prepared and submitted well before these dates to avoid unnecessary charges.
How do I choose the right accountant for my contracting business?
Consider qualifications, experience with contractors, pricing structure and client reviews. A specialist contractor accountant understands IR35, dividend planning and limited company compliance. Meeting prospective accountants to discuss your circumstances helps determine whether their expertise and communication style suit your needs. Comparing several providers ensures an informed decision.
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