
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 services such as preparing annual accounts, completing your Self Assessment tax return, providing bookkeeping support, and offering basic tax planning advice. The exact scope varies by firm, so it is important to confirm what is covered before you agree to the arrangement.
How do I know if an accountant is properly qualified?
Look for accreditations from recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications indicate that the accountant has undergone rigorous training and adheres to strict ethical and professional standards. You can verify their status on the respective institute's register.
Can a fixed fee accountant help with HMRC enquiries?
Yes, most fixed fee accountants offer support if HMRC opens an enquiry into your tax affairs. This may be included in your package or available as an additional service. It is advisable to check the terms of your agreement to understand what level of representation is provided.
What is the difference between a fixed fee and hourly billing?
With a fixed fee, you pay a set amount for a defined scope of work, giving you cost certainty. Hourly billing charges you for the actual time spent, which can lead to unpredictable costs. Fixed fee arrangements are popular among small businesses and individuals who prefer straightforward budgeting.
Do I need an accountant if I am a sole trader?
While you can complete your own Self Assessment tax return, many sole traders benefit from professional advice to ensure they claim all allowable expenses and meet HMRC deadlines. A fixed fee accountant can save you time and reduce the risk of errors, making the process much simpler.
How often should I expect to communicate with my fixed fee accountant?
Communication frequency depends on your needs and the package you choose. Many accountants offer quarterly check-ins or ongoing email support. Some provide a dedicated portal for sharing documents and asking questions. It is best to discuss expectations during your initial consultation.
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