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 exactly does a fixed fee accountant cover?
A fixed fee accountant typically covers a defined scope of services for a set annual or monthly price. This often includes preparing annual accounts, completing Self Assessment tax returns, and handling basic VAT submissions. Always confirm the exact inclusions with your accountant before agreeing to the fee.
How do I know if a fixed fee arrangement is right for my business?
Fixed fee arrangements are ideal for small businesses, sole traders, and limited companies that want predictable costs. If you have straightforward financial affairs and prefer to avoid hourly billing surprises, this model offers excellent value. It allows you to budget accurately for professional fees throughout the year.
Are fixed fee accountants regulated by professional bodies?
Yes, many fixed fee accountants are regulated by recognised bodies such as ACCA, ICAEW, or AAT. These organisations enforce strict professional standards and require ongoing training. Choosing a regulated accountant provides assurance that your financial affairs are handled by a qualified and ethical professional.
Can a fixed fee accountant help with an HMRC investigation?
Some fixed fee packages include basic HMRC correspondence, but full investigation support may incur additional charges. It is important to discuss this with your accountant upfront. Many professionals offer separate insurance or add-on services to cover the cost of defending a full HMRC enquiry.
What should I look for when comparing fixed fee accountants?
When comparing providers, examine the specific services included in the fixed fee, such as tax return preparation, VAT handling, and year-end accounts. Check the accountant's qualifications and client reviews. Also clarify whether the fee covers unlimited advice or if additional charges apply for extra consultations.
How often should I expect to communicate with my fixed fee accountant?
Communication frequency depends on your business activity and the agreed service level. Many accountants offer quarterly or monthly check-ins, whilst others provide ad hoc support as needed. Ensure your agreement specifies how and when you can contact your accountant for advice or queries.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.