
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 tax rules such as IR35, dividend taxation, and allowable expenses that general accountants may not handle daily. A specialist understands how to optimise salary and dividends, manage VAT flat rate schemes, and prepare for HMRC enquiries. They also keep abreast of legislative changes affecting personal service companies, ensuring compliance and tax efficiency.
What qualifications should I look for in a contractor accountant?
Look for professionals regulated by ACCA, ICAEW, or AAT. These bodies ensure members meet strict ethical and technical standards. ACCA and ICAEW chartered accountants often have deeper experience with Corporation Tax and complex IR35 cases, whilst AAT-qualified professionals may suit smaller contractors. Always verify their registration and ask about contractor-specific experience.
How can an accountant help with HMRC investigations?
A qualified accountant can represent you during an HMRC compliance check, prepare necessary documentation, and negotiate on your behalf. They ensure your tax return and records are accurate, reducing the risk of penalties. If an enquiry arises, they handle correspondence and provide expert advice, giving you confidence and protecting your business interests.
What is the difference between Self Assessment and Corporation Tax for contractors?
Self Assessment is the personal tax return filed by sole traders and directors, reporting income such as dividends and salary. Corporation Tax is paid by limited companies on profits. Contractors operating via a personal service company must file both. An accountant ensures both returns are accurate and deadlines met, avoiding penalties.
Can I switch accountants mid-year without incurring extra costs?
Yes, switching is straightforward. Professional firms listed on AccountingFirms handle the transition by contacting your previous accountant for handover documents. Fees vary, but many offer fixed monthly packages. A clean handover ensures continuity for VAT, payroll, and year-end accounts, so you can change without disruption or hidden charges.
How do I choose the right contractor accountant in Staffs?
Compare providers on AccountingFirms by reviewing their credentials, experience with contractor clients, and fee structures. Look for ACCA, ICAEW, or AAT qualifications and check for specialist knowledge in IR35 and VAT. Read client reviews and ask about response times. A local firm in Staffs can offer face-to-face meetings if preferred.
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