
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 pre-agreed set of services for a single, transparent price. This typically includes bookkeeping, preparation of annual accounts, tax return filing, and basic tax planning. The exact scope is defined in your engagement letter, so you know exactly what is included without unexpected charges.
How do I verify an accountant's accreditation?
You can verify an accountant's accreditation by checking their membership with recognised bodies such as ACCA, ICAEW, or AAT. These organisations maintain public registers where you can confirm an individual's status and any disciplinary history. Always ask for their membership number and check it directly on the relevant body's website.
Can a fixed fee accountant help with HMRC enquiries?
Yes, a fixed fee accountant can assist with HMRC enquiries and correspondence. Many fixed fee packages include handling letters from HMRC, responding to queries, and representing you during a tax investigation. Check the specific terms of your agreement to ensure this service is included, as some firms offer it as an optional add-on.
What is the difference between a fixed fee and hourly rate accountant?
A fixed fee accountant charges a set amount for a defined package of services, providing cost certainty. An hourly rate accountant bills you for the actual time spent on your work, which can lead to variable costs. Fixed fee arrangements are often preferred for budgeting, as they eliminate the risk of escalating charges for straightforward tasks.
Do I need a qualified accountant for my Self Assessment tax return?
While you can complete your Self Assessment tax return yourself, a qualified accountant ensures accuracy and compliance with HMRC rules. They can identify allowable expenses, maximise tax reliefs, and reduce the risk of errors that could trigger an enquiry. For complex situations, such as rental income or capital gains, professional advice is highly recommended.
How do I choose the right accountant in Eastleigh Hampshire?
Start by identifying your specific needs, such as VAT, payroll, or Corporation Tax. Then browse local firms on AccountingFirms, checking their accreditations, client reviews, and fixed fee packages. Arrange an initial consultation to discuss your requirements and ensure their expertise aligns with your business type. Always confirm their regulatory status before engaging them.
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