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
Why do contractors need a specialist accountant rather than a general bookkeeper?
Contractors face unique tax rules, including IR35, dividend taxation, and allowable expenses that general bookkeepers may not fully understand. A specialist accountant ensures your limited company or umbrella arrangements remain compliant, tax-efficient, and properly structured. They also handle Self Assessment, VAT, and Corporation Tax, reducing the risk of errors or penalties from HMRC.
What qualifications should I look for in a contractor accountant?
Look for professionals regulated by recognised bodies such as ACCA, ICAEW, or AAT. These credentials confirm that the accountant has met strict training and ethical standards. Membership also means they stay updated on changing tax legislation, ensuring your Self Assessment and Corporation Tax filings are accurate and submitted correctly to HMRC.
How can AccountingFirms help me compare accountants in Lurgan?
AccountingFirms allows you to browse and compare qualified accountants in Lurgan by reviewing their services, specialisms, and credentials. Established in 2019 and built by ICAEW and ACCA accountants, the directory helps contractors find regulated professionals suited to their needs, request quotes, and make confident decisions without relying on unverified recommendations.
What ongoing support can a contractor accountant provide beyond tax returns?
A contractor accountant typically offers bookkeeping, payroll, VAT returns, dividend planning, pension advice, and IR35 assessments. They also provide year-end accounts, Corporation Tax calculations, and Self Assessment submissions. Many firms offer proactive tax planning to help you legitimately reduce liabilities and stay compliant with HMRC requirements throughout the year.
Is it worth paying for an accountant if my contractor income is relatively modest?
Yes. Even modest contractor income involves VAT, Self Assessment, and potentially Corporation Tax obligations. A qualified accountant can identify allowable expenses, optimise salary and dividend structures, and prevent costly errors. The tax savings and peace of mind often outweigh the fees, particularly when dealing with HMRC deadlines and changing legislation.
How do I switch accountants if I am unhappy with my current provider?
Switching is straightforward. Inform your current accountant in writing, settle any outstanding fees, and appoint a new ACCA, ICAEW, or AAT qualified professional. Your new accountant will request professional clearance and obtain your records. AccountingFirms helps you compare providers in Lurgan so you can choose a firm that better meets your contractor needs.
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