
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 does a fixed fee accountant cover?
A fixed fee accountant covers a set range of services for a single agreed price. This typically includes preparing your tax return, bookkeeping, VAT returns, and year-end accounts. The exact scope is agreed upfront, so you know exactly what you are paying for without any surprise charges.
How do I know if an accountant is properly qualified?
Look for accreditations from recognised bodies such as ACCA, ICAEW, or AAT. These qualifications require rigorous training and ongoing professional development. You can check an accountant's credentials on their profile or by contacting the relevant institute directly.
Can a fixed fee accountant help with HMRC enquiries?
Yes, many fixed fee accountants include support for HMRC enquiries within their service package. They can handle correspondence, prepare necessary documentation, and represent you during inspections or investigations, ensuring you comply with all requirements and reduce stress.
What is the difference between Self Assessment and Corporation Tax?
Self Assessment is the system used by individuals, sole traders, and partnerships to report income and pay tax to HMRC. Corporation Tax is paid by limited companies on their profits. Both require accurate filing, and a qualified accountant can manage each process efficiently.
How often should I meet with my fixed fee accountant?
Most fixed fee accountants offer regular meetings, often quarterly or annually, depending on your needs. They also provide ongoing support via email or phone. The frequency is agreed at the start, ensuring you stay informed about your finances throughout the year.
Are fixed fee accountants suitable for small businesses?
Absolutely. Fixed fee accountants are ideal for small businesses because they provide cost certainty and tailored support. You can budget accurately without worrying about hourly rates, and you receive professional advice on tax planning, VAT, and compliance, helping your business grow.
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