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 look for an accountant with experience in contractor tax matters, including IR35, dividends, and allowable expenses. Check for qualifications such as ACCA, ICAEW, or AAT, and ensure they are regulated. Also consider fixed fees, cloud accounting support, and proactive advice. Reading reviews and comparing providers on a directory can help contractors make an informed choice.
How do qualified accountants help with HMRC compliance?
Qualified accountants help with HMRC compliance by preparing accurate tax returns, calculating liabilities, and submitting documents on time. They advise on VAT, Corporation Tax, and Self Assessment, ensuring contractors meet deadlines and avoid penalties. Their knowledge of HMRC rules means they can identify allowable expenses and reliefs, reducing the risk of errors and investigations whilst keeping contractors compliant.
What is the difference between ACCA, ICAEW, and AAT accountants?
ACCA, ICAEW, and AAT are professional accounting bodies. ACCA and ICAEW members are chartered accountants qualified to offer a wide range of services, including audit and tax advice. AAT members are accounting technicians, often specialising in bookkeeping and tax returns. All are regulated and can support contractors, but the level of qualification and scope of services may vary.
Can an accountant help with IR35 legislation?
Yes, an accountant can help with IR35 legislation by assessing contracts and working practices to determine employment status. They can advise on whether a contract falls inside or outside IR35 and help with compliance. If needed, they can assist with payroll or limited company structures. This reduces the risk of HMRC investigations and ensures contractors pay the correct tax.
How often should contractors file VAT returns?
Contractors registered for VAT must file returns, typically quarterly, depending on their VAT scheme. Some may use the Flat Rate Scheme or Annual Accounting Scheme, which have different deadlines. An accountant can manage VAT registration, prepare and submit returns, and ensure payments are made on time. This helps contractors avoid penalties and maintain accurate records.
What services do contractor accountants typically offer?
Contractor accountants typically offer services such as limited company formation, bookkeeping, payroll, VAT returns, Self Assessment, and Corporation Tax returns. They also provide IR35 advice, dividend planning, and expense management. Many offer fixed monthly packages and cloud accounting software support. These services help contractors stay compliant and focus on their work.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.