
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 unique rules such as IR35, dividend taxation, and allowable expense restrictions that general accountants may not handle daily. A specialist understands how to optimise salary and dividends, claim relevant expenses, and keep records compliant with HMRC. This reduces tax risk and ensures that Self Assessment and Corporation Tax returns are accurate, whilst saving time and money.
What qualifications should I look for in a contractor accountant?
Look for ACCA, ICAEW, or AAT membership, as these bodies enforce strict ethical and technical standards. A qualified accountant will stay updated on HMRC changes, VAT rules, and Making Tax Digital. Check that the firm is regulated and has experience with limited company contractors, IR35, and Self Assessment. This gives confidence that your tax affairs are handled correctly.
How does AccountingFirms.co.uk help me compare accountants in Rugeley. Staffordshire?
AccountingFirms lists verified firms and allows you to browse by location, specialism, and fee structure. You can compare providers side by side, read about their services, and check qualifications. Established in 2019 by ICAEW and ACCA accountants, the directory helps you find a regulated professional who matches your contractor needs without pressure or guesswork.
What tax returns must a contractor submit to HMRC each year?
Limited company contractors must file annual accounts and a Corporation Tax return, plus a Self Assessment tax return for the director. VAT returns may be required quarterly if registered. Sole traders file Self Assessment only. A qualified accountant ensures all returns are submitted on time, correctly calculated, and compliant with HMRC rules, avoiding penalties and interest.
Can an accountant help with IR35 compliance and contract reviews?
Yes. Many contractor accountants offer IR35 contract reviews to assess whether a role falls inside or outside the off-payroll rules. They can advise on working practices, assist with Status Determination Statements, and help structure engagements to reduce risk. This is essential for limited company contractors and those using umbrella companies, as HMRC actively checks compliance.
How much does a contractor accountant typically charge?
Fees vary based on services, but many contractor accountants offer fixed monthly packages covering accounts, payroll, VAT, and Self Assessment. Some charge extra for bookkeeping or company formation. It is wise to compare providers on AccountingFirms, check what is included, and ensure the firm is ACCA, ICAEW, or AAT qualified before committing.
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