
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 is a fixed fee accountant?
A fixed fee accountant charges a pre-agreed amount for their services, rather than billing by the hour. This provides cost certainty for clients, allowing you to budget accurately for accountancy work such as tax returns, bookkeeping, or payroll. It is a popular choice for small businesses and individuals who want transparent pricing.
How do I know if an accountant is qualified?
Qualified accountants typically hold accreditation from recognised professional bodies such as ACCA, ICAEW, or AAT. These organisations require members to meet strict training and ethical standards. You can verify an accountant's credentials by checking their membership number on the relevant body's website or by asking for proof of qualification.
What services are included in a fixed fee package?
Fixed fee packages vary by accountant but often include services such as preparing annual accounts, completing Self Assessment tax returns, handling VAT submissions, and providing Corporation Tax advice. Some packages also cover bookkeeping, payroll, or financial planning. It is important to clarify exactly what is included before agreeing to a fixed fee.
Can a fixed fee accountant help with HMRC enquiries?
Yes, many fixed fee accountants offer support with HMRC enquiries as part of their service. They can represent you during an investigation, help prepare necessary documentation, and advise on your legal obligations. Some accountants may charge an additional fee for this service, so it is wise to confirm the terms in advance.
How do I choose between ACCA, ICAEW, and AAT accountants?
ACCA and ICAEW are chartered accountancy bodies that qualify professionals for a wide range of financial work, including audit and tax. AAT is a technical qualification focused on practical accounting skills. Your choice depends on your needs: for complex tax advice, an ACCA or ICAEW accountant is ideal; for day-to-day bookkeeping, an AAT professional may suffice.
Is a fixed fee arrangement suitable for a limited company?
Yes, fixed fee arrangements are well-suited to limited companies, as they provide predictable costs for essential services such as Corporation Tax returns, annual accounts, and VAT filings. Many accountants offer tailored packages for limited companies, covering statutory compliance and strategic tax planning. This helps business owners manage cash flow effectively.
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