
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
What should a contractor look for in an accountant?
A contractor should seek an accountant with specific experience in contractor accounting, including knowledge of IR35, limited company accounts, and dividend planning. Qualifications such as ACCA, ICAEW, or AAT provide assurance of professional standards. It is also important to check that the accountant is regulated and familiar with HMRC requirements for contractors.
How do ACCA or ICAEW qualifications benefit contractors?
ACCA and ICAEW qualifications demonstrate that an accountant has met rigorous training and ethical standards. For contractors, this means reliable advice on tax compliance, efficient structuring, and accurate reporting. These professionals undergo continuous professional development, ensuring they are up to date with changes to HMRC rules and can provide strategic tax planning.
What tax returns does a contractor need to file?
Contractors typically need to file a Self Assessment tax return, and if operating through a limited company, they must also submit annual accounts and a Corporation Tax return to HMRC. VAT returns may be required if registered. An accountant can manage these filings, ensure deadlines are met, and help minimise tax liabilities legally.
Can an accountant help with VAT and Corporation Tax?
Yes, qualified accountants assist with VAT registration, preparing and submitting VAT returns, and advising on schemes such as the Flat Rate Scheme. They also calculate and file Corporation Tax, claim allowable expenses, and ensure compliance with HMRC. This support reduces the risk of errors and penalties whilst optimising tax efficiency.
How does AccountingFirms help me find an accountant?
AccountingFirms is a directory established in 2019 and built by ICAEW and ACCA accountants. It allows you to browse and compare verified, regulated accountants in your area. You can review profiles, specialisms, and credentials to make an informed choice. The platform connects you directly with firms, simplifying the search for a suitable contractor accountant.
Why is it important to choose a regulated accountant?
Choosing a regulated accountant ensures they adhere to professional standards and ethical guidelines, providing protection if issues arise. Regulated professionals, such as those with ACCA, ICAEW, or AAT membership, are required to maintain their knowledge and comply with HMRC rules. This gives contractors confidence that their financial affairs are handled correctly.
About Accounting Firms
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