
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 practitioner?
Contractors face specific rules around IR35, dividends, expenses and limited company compliance that general accountants may not handle daily. A specialist understands how to structure salary and dividends tax-efficiently, prepare statutory accounts and advise on HMRC requirements for personal service companies. This focused knowledge reduces risk and often saves more in tax than the accounting fee itself.
What qualifications should I look for in a contractor accountant?
Look for members of recognised bodies such as ACCA, ICAEW or AAT. These qualifications confirm the professional has passed rigorous exams and follows ethical guidelines. AAT suits smaller businesses, whilst ACCA and ICAEW members often handle complex contractor matters including IR35 and Corporation Tax. Regulation also gives you recourse if standards slip.
How does a contractor accountant help with Self Assessment and HMRC?
A contractor accountant prepares and files your Self Assessment tax return, calculates liabilities accurately and ensures payments are made before HMRC deadlines. They also handle correspondence, respond to enquiries and keep you informed of changing rules. This reduces the risk of penalties and frees you to focus on your contracting work rather than tax administration.
Can an accountant help me decide between a limited company and umbrella working?
Yes. A qualified accountant analyses your contract terms, day rate and expenses to compare take-home pay under each model. They consider IR35 status, Corporation Tax, dividend rules and administrative costs. This comparison helps you choose the structure that best fits your circumstances and long-term goals.
What ongoing services do contractor accountants typically provide?
Typical services include bookkeeping, VAT returns under Making Tax Digital, payroll for directors, statutory accounts preparation, Corporation Tax returns and Self Assessment filing. Many also offer IR35 contract reviews, dividend planning and advice on allowable expenses. Some provide software to streamline record-keeping and real-time tax estimates.
How can AccountingFirms help me choose the right accountant?
AccountingFirms lists verified, regulated accountants so you can browse and compare providers by specialism, location and services. Established in 2019 and built by ICAEW and ACCA accountants, the directory helps you shortlist firms experienced in contractor matters. You can review profiles and connect directly with professionals suited to your needs.
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