
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 range of services for a single, agreed price. This typically includes preparing annual accounts, completing tax returns, and offering basic tax planning advice. The exact scope is defined upfront, so you know what is included without worrying about additional hourly charges.
How do I know if an accountant is qualified?
Qualified accountants will hold membership with a recognised professional body such as ACCA, ICAEW, or AAT. You can verify their credentials by checking the directory listing or searching the regulator's online register. This ensures they meet rigorous training and ethical standards.
Can a fixed fee accountant help with HMRC enquiries?
Yes, most fixed fee accountants include handling HMRC correspondence and enquiries as part of their service. They can represent you during a tax investigation, prepare necessary documentation, and communicate with HMRC on your behalf to resolve any issues efficiently.
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 to HMRC. Corporation Tax is paid by limited companies on their profits. Both require accurate filing, and a qualified accountant can manage either return under a fixed fee arrangement.
Do I need a VAT-registered accountant for my business?
If your business turnover exceeds the VAT threshold or you voluntarily register for VAT, it is wise to use an accountant experienced in VAT matters. A fixed fee accountant can handle VAT registration, returns, and partial exemption calculations to ensure compliance with HMRC rules.
How often should I meet with my accountant in Riverside Park?
Most businesses benefit from quarterly or annual meetings to review financial performance and plan for tax obligations. Your accountant in Riverside Park can schedule check-ins as part of your fixed fee package, ensuring you stay on top of deadlines and make informed decisions throughout the year.
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