
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 unique rules such as IR35, dividend taxation, and allowable expenses that general accountants may not handle daily. A specialist understands these complexities, ensures compliance, and identifies lawful tax efficiencies. This reduces risk of HMRC penalties and often saves more than the accountant's fee, whilst freeing the contractor to focus on billable work.
What qualifications should I look for when choosing 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. Verify their experience with contractor-specific issues like IR35, VAT flat rate schemes, and limited company accounts before appointing them.
How do contractor accountants help with HMRC compliance?
Contractor accountants prepare and file accurate tax returns, calculate Corporation Tax and VAT liabilities, and ensure Self Assessment deadlines are met. They keep abreast of HMRC rule changes, advise on allowable expenses, and can represent clients during enquiries. This proactive approach minimises the risk of penalties and keeps contractors fully compliant.
Can an accountant help me decide between a limited company and sole trader status?
Yes. A qualified accountant will analyse your income, expenses, and future plans to recommend the most tax-efficient structure. They consider factors such as IR35, National Insurance, and administrative burden. Many contractors find a limited company beneficial, but the right choice depends on individual circumstances, which an accountant can assess.
What ongoing support can I expect from a contractor accountant?
Typically, you receive bookkeeping guidance, payroll processing, VAT returns, annual accounts, and Corporation Tax filings. Many also offer tax planning, IR35 contract reviews, and advice on expenses. Some provide software recommendations and unlimited support via phone or email, ensuring you always have someone to answer questions throughout the year.
How does AccountingFirms.co.uk help me find the right accountant?
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