
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 should a contractor look for in an accountant?
A contractor should seek an accountant with specialist knowledge of IR35, limited company accounts, and contractor-specific tax rules. Check for professional qualifications such as ACCA, ICAEW, or AAT, and ensure the firm is regulated. Experience with Self Assessment, VAT returns, and Corporation Tax is essential. Reading client reviews and comparing fees also helps you choose a reliable professional.
How do ACCA or ICAEW qualifications benefit contractors?
ACCA and ICAEW qualifications guarantee that an accountant has met rigorous professional standards and stays current with changing tax legislation. This means contractors receive accurate advice on HMRC compliance, allowable expenses, and tax-efficient structures. Regulated accountants also carry professional indemnity insurance, giving you added protection and peace of mind.
Why is IR35 important for contractors?
IR35 determines whether a contractor is genuinely self-employed or effectively an employee for tax purposes. Getting it wrong can result in significant tax liabilities and penalties from HMRC. A specialist accountant can review your contracts and working practices, advise on compliance, and help you structure your engagements to minimise risk whilst remaining within the rules.
What services do contractor accountants typically provide?
Contractor accountants usually handle limited company accounts, Corporation Tax returns, VAT registration and filing, Self Assessment, payroll, and dividend planning. They also offer IR35 contract reviews, expense management, and advice on pension contributions. Many firms provide cloud accounting software support, ensuring your records are accurate and HMRC-compliant throughout the year.
How can I compare accountant fees for contractors?
When comparing fees, look beyond the headline price. Check what is included, such as annual accounts, tax returns, payroll, and support with HMRC enquiries. Some firms charge extra for additional services. Reading client reviews and requesting quotes from several providers helps you assess value. A directory like AccountingFirms allows you to compare providers side by side.
What are the deadlines for contractor tax returns?
Self Assessment tax returns must be filed online by 31 January following the end of the tax year. Corporation Tax returns are due within twelve months of your company's accounting period end, whilst payment is generally due nine months and one day after the period ends. VAT returns are usually quarterly. An accountant ensures all deadlines are met.
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