
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 typically include in the price?
A fixed fee accountant usually includes a defined set of services for a single annual price. This commonly covers the preparation and filing of your annual accounts, Corporation Tax return, and Self Assessment tax return. The exact inclusions depend on your agreement, but the key benefit is that you know the total cost upfront without any surprise charges for standard work.
How do I know if an accountant is properly qualified and regulated?
You should look for accountants who are members of recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications require rigorous training and ongoing professional development. Regulated accountants must follow strict ethical guidelines and carry professional indemnity insurance. You can verify their status directly on the respective body's website or through the directory listing.
Can a fixed fee accountant help with my HMRC Self Assessment tax return?
Yes, many fixed fee accountants specialise in preparing and submitting Self Assessment tax returns to HMRC. They will gather your income and expense details, calculate your tax liability, and file the return electronically before the deadline. This service is often included in a fixed fee package for individuals, providing peace of mind that your tax affairs are handled correctly.
What is the difference between a fixed fee and an hourly rate accountant?
A fixed fee accountant charges a set price for a pre-agreed scope of work, such as preparing your annual accounts and tax return. An hourly rate accountant charges for the actual time spent on your work, which can lead to unpredictable costs. Fixed fees offer budget certainty, whilst hourly rates can be more flexible for ad-hoc or complex projects.
Do I need an accountant if I am a sole trader in Glengormley?
Whilst it is not a legal requirement, hiring an accountant is highly recommended for sole traders. An accountant can ensure your Self Assessment tax return is accurate and submitted on time, help you claim all allowable expenses, and advise on tax-efficient strategies. This can save you time, reduce stress, and potentially lower your tax bill.
How can I find a local accountant who offers fixed fees in Glengormley?
You can use a dedicated directory like AccountingFirms.co.uk to search for accountants in Glengormley. The platform allows you to filter by location and service type, and you can view profiles that clearly state whether the firm offers fixed fee packages. This makes it simple to compare options and contact a professional who meets your needs.
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