
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 tax affairs for freelancers and limited company directors. This includes preparing annual accounts, filing tax returns, handling VAT, and advising on IR35. They ensure compliance with HMRC rules and help maximise tax efficiency through salary and dividend planning. Many also offer bookkeeping and payroll services.
Why should I choose an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualifications guarantee that an accountant has met rigorous professional standards. They are regulated and must adhere to ethical guidelines. This means you receive accurate, up-to-date advice on tax returns, Corporation Tax, and Self Assessment. Choosing a qualified professional reduces the risk of errors and penalties from HMRC.
How can I find a contractor accountant in Isle Of Lewis?
You can use AccountingFirms.co.uk to browse and compare accountants in Isle Of Lewis. The directory lists verified professionals with details of their qualifications and services. Filter by specialism such as contractor accounting, and read reviews to make an informed choice. It is a simple way to connect with local experts.
What is IR35 and how does it affect contractors?
IR35 is legislation designed to ensure contractors pay the correct tax if they work through an intermediary. It determines whether a contractor is effectively an employee for tax purposes. An experienced accountant can review your contracts and working practices to assess IR35 status. They help you stay compliant and avoid unexpected tax bills from HMRC.
Do I need to register for VAT as a contractor?
VAT registration is mandatory if your turnover exceeds the threshold set by HMRC. Many contractors register voluntarily to reclaim input VAT. A contractor accountant can advise on whether registration is beneficial and handle the quarterly returns. They ensure you meet all VAT obligations without disrupting your business.
How much does a contractor accountant cost?
Fees vary depending on the services required and the accountant's experience. Many contractors pay a monthly fixed fee covering accounts, tax returns, and advice. It is best to compare quotes from several firms. AccountingFirms.co.uk allows you to browse providers and request quotes to find a competitive option.
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