
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?
Contractors face specific rules around IR35, dividends, allowable expenses and limited company compliance that general accountants may not handle daily. A specialist contractor accountant understands these areas in depth, helping to reduce tax exposure and avoid costly errors. They also stay current with HMRC guidance and can advise on the most efficient salary and dividend mix for each contractor's circumstances.
What qualifications should I look for in a contractor accountant?
Look for membership of a recognised professional body such as ACCA, ICAEW or AAT. These bodies require strict ethical standards, ongoing training and professional indemnity insurance. A qualified accountant will be able to prepare statutory accounts, file tax returns and advise on Corporation Tax and VAT confidently. Verification of credentials gives contractors added peace of mind when appointing a firm.
How does IR35 affect contractors working through a limited company?
IR35 determines whether a contractor's engagement is treated as employment for tax purposes. If caught, the tax and National Insurance burden increases significantly. A specialist accountant can review contracts and working practices, advise on status and help structure engagements to reflect genuine self-employment. They can also assist with HMRC enquiries if status is challenged.
What ongoing services do contractor accountants typically provide?
Most contractor accountants handle company formation, bookkeeping, payroll, VAT returns, statutory accounts, Corporation Tax returns and Self Assessment. Many also offer dividend planning, expense reviews and IR35 contract assessments. Some provide access to online accounting software and dedicated support throughout the year, ensuring contractors meet every HMRC deadline without stress.
Can AccountingFirms help me compare accountants in North Lanarkshire?
Yes. AccountingFirms lists verified, regulated accountants across North Lanarkshire. Users can browse local firms, review professional memberships and compare services and specialisms. The directory was built by ICAEW and ACCA accountants, so listings reflect genuine professional standards. This makes it easier to shortlist providers and contact the firms that best suit individual contractor needs.
How much do contractor accountants usually charge?
Fees vary depending on the level of service, company complexity and whether payroll or VAT support is included. Many firms offer fixed monthly packages covering accounts, tax returns and advice. Comparing quotes from several accountants in North Lanarkshire helps contractors find a competitive price. It is important to check exactly what each package includes before appointing a firm.
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