
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 provides a set package of services for a single agreed price. This typically includes preparing your tax return, bookkeeping, and year-end accounts. The exact scope is agreed before work begins, so there are no unexpected charges. It is important to confirm what is included in your fixed fee arrangement.
How do I know if an accountant is properly qualified?
Look for accreditations such as ACCA, ICAEW, or AAT. These bodies regulate their members and require ongoing professional development. You can verify an accountant's status on the relevant institute's website. Qualified professionals must follow strict ethical guidelines and carry professional indemnity insurance.
Can a fixed fee accountant help with HMRC enquiries?
Yes, many fixed fee accountants offer support if HMRC opens an enquiry into your tax affairs. Some include this in their standard package, whilst others offer it as an optional extra. Always ask whether HMRC enquiry assistance is covered before you agree to a fixed fee arrangement.
What services are typically included in a fixed fee package?
Common services include preparing and filing your Self Assessment tax return, bookkeeping, VAT returns, and year-end accounts for limited companies. Some accountants also provide payroll processing and Corporation Tax computations. The exact services should be clearly listed in your engagement letter.
How often should I meet with my accountant?
Most accountants recommend a quarterly review to discuss your financial position and any tax planning opportunities. However, many fixed fee arrangements include ongoing email and telephone support, so you can contact them whenever a question arises. Regular communication helps avoid last-minute issues at year-end.
What happens if my business grows and I need more services?
Most accountants are happy to adjust your fixed fee package as your needs change. You can discuss upgrading your service level to include additional support such as management accounts, VAT advice, or tax planning. Always communicate your changing requirements so your accountant can provide a revised quote.
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