
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 typically covers services such as tax return preparation, bookkeeping, VAT returns, payroll, and year-end accounts. The exact scope depends on the package you choose, but the key benefit is that you pay a set price for agreed services, avoiding unexpected hourly 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 indicate that the accountant has undergone rigorous training, adheres to professional standards, and participates in continuing professional development. You can verify their status through the respective institute's online register.
Can a fixed fee accountant help with HMRC enquiries?
Yes, many fixed fee accountants include representation during HMRC enquiries as part of their service. They can handle correspondence, prepare necessary documentation, and advise you on your rights and obligations. It is important to confirm this coverage when agreeing your fixed fee package.
What is the difference between a fixed fee and an hourly rate?
A fixed fee is a pre-agreed price for a defined set of services, providing cost certainty. An hourly rate charges for the actual time spent, which can lead to unpredictable bills. Fixed fees are popular with small businesses and individuals who prefer transparent budgeting without the risk of escalating costs.
Do I need a local accountant in Lisburn?
A local accountant in Lisburn can offer face-to-face meetings and a deeper understanding of the regional business environment. However, many accountants also provide remote services. The choice depends on your preference for in-person contact and the complexity of your financial affairs.
How do I switch to a fixed fee accountant?
Switching is straightforward. Contact your chosen accountant to agree on the services and fee. They will handle the transfer of records from your previous accountant, including tax files and historical accounts. Ensure you have no outstanding obligations with your current provider before making the change.
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