
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 should contractors use a specialist accountant rather than a general practitioner?
Specialist contractor accountants understand IR35, dividend versus salary planning and allowable expenses specific to limited company directors. A general practitioner may lack this focused knowledge, potentially leaving you overpaying tax or exposed to compliance risks. A specialist ensures your Self Assessment and Corporation Tax filings are accurate and tax-efficient.
What qualifications should I look for in a contractor accountant?
Look for ACCA, ICAEW or AAT credentials, as these indicate rigorous training and ongoing professional development. Membership of a recognised body also means the accountant is regulated and bound by ethical standards. This protects you if issues arise with HMRC or if you need to challenge incorrect advice.
How do contractor accountants help with HMRC investigations?
If HMRC opens an enquiry into your tax return, a qualified accountant can represent you, prepare documentation and correspond directly with HMRC on your behalf. They will ensure your position is clearly explained and that any misunderstandings are resolved promptly. This support reduces stress and helps avoid unnecessary penalties.
Can contractor accountants assist with VAT registration and returns?
Yes, most contractor accountants handle VAT registration, advise on the flat rate scheme versus standard accounting and submit VAT returns quarterly. They ensure you reclaim allowable input tax correctly and meet Making Tax Digital requirements. This avoids penalties and keeps your cash flow predictable.
What is the difference between ACCA, ICAEW and AAT accountants?
ACCA and ICAEW are chartered bodies focusing on audit, tax and advisory for larger entities, whilst AAT covers essential accounting and bookkeeping. All three are recognised by HMRC for tax agent services. Many contractor accountants hold one or more of these qualifications, ensuring comprehensive expertise.
How does AccountingFirms.co.uk verify listed accountants?
AccountingFirms.co.uk was established in 2019 and built by ICAEW and ACCA accountants. Listings are checked for professional body membership and regulatory compliance. Users can browse firms with confidence, knowing that each provider meets recognised standards before they connect and compare services.
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