
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 does a contractor accountant do?
A contractor accountant manages the financial affairs of limited company directors and freelancers. This includes bookkeeping, payroll, VAT returns, Corporation Tax, and Self Assessment. They also provide advice on IR35, dividend planning, and allowable expenses. By handling these tasks, they ensure compliance with HMRC rules and help maximise take-home pay. Many contractors in Gillingham Dorset rely on specialist accountants for tailored support.
Why should I choose an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualifications are recognised marks of excellence in accounting. Members must meet strict education, experience, and ethical standards. Choosing a qualified accountant ensures you receive accurate, up-to-date advice on tax and compliance. They are also regulated, giving you recourse if something goes wrong. For contractors, this means reliable support with HMRC, VAT, and Corporation Tax matters.
How can an accountant help with IR35 compliance?
An accountant can assess your working practices to determine your IR35 status. They review contracts, working arrangements, and control factors. If you are inside IR35, they calculate deemed employment taxes and ensure correct payroll processing. If outside, they help document your status. This reduces the risk of HMRC investigations and penalties. Specialist contractor accountants in Gillingham Dorset are well-versed in IR35 rules.
What is the difference between Self Assessment and Corporation Tax?
Self Assessment is the system for reporting personal income, including dividends and sole trader profits, to HMRC. Corporation Tax is paid by limited companies on their taxable profits. Contractors typically file both: a Self Assessment tax return for personal income and a Corporation Tax return for the company. An accountant can prepare and submit both, ensuring deadlines are met and liabilities are minimised.
How do I find a reputable contractor accountant in Gillingham Dorset?
You can use AccountingFirms.co.uk to browse and compare accountants in Gillingham Dorset. The directory lists verified, regulated professionals, including those with ACCA, ICAEW, and AAT qualifications. You can filter by services, read profiles, and check credentials. This helps you make an informed choice. Many firms specialise in contractor accounting, offering tailored support for IR35, VAT, and tax returns.
What records should I keep for HMRC?
You must keep accurate records of all income and expenses, including invoices, receipts, bank statements, and payroll documents. For VAT, you need records of all sales and purchases. HMRC requires you to retain these for at least six years. An accountant can advise on digital record-keeping and cloud accounting software, making it easier to stay compliant and prepared for any HMRC enquiries.
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