
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 in the price?
A fixed fee accountant typically includes a defined scope of services such as preparing annual accounts, completing tax returns, and providing ongoing advice. The exact services depend on your agreement, so it is important to confirm what is included before engaging a professional. This arrangement helps you budget accurately without unexpected costs.
How do I verify an accountant is ACCA or ICAEW qualified?
You can check an accountant's credentials by visiting the official registers of ACCA, ICAEW, or AAT. These professional bodies maintain up-to-date lists of members in good standing. Most accountants also display their accreditation on their website or business profile. Always verify qualifications before instructing a professional to ensure they meet regulatory standards.
Why should I choose a fixed fee over an hourly rate?
A fixed fee provides cost certainty, allowing you to know your accountancy costs in advance. This eliminates the risk of surprise bills from extended work or complex queries. It also encourages your accountant to work efficiently and proactively, as they are not incentivised by billable hours. This model is ideal for clients who value predictable expenses.
Can a fixed fee accountant help with HMRC enquiries?
Yes, many fixed fee accountants include support for HMRC enquiries within their service package. They can handle correspondence, prepare necessary documentation, and represent you in discussions with HMRC. It is advisable to confirm this coverage when agreeing your fee, as some firms may charge extra for extensive enquiry work.
What services are typically included in a fixed fee for a limited company?
For a limited company, a fixed fee often covers preparation of annual accounts, Corporation Tax returns, and director Self Assessment tax returns. Some packages also include VAT returns, payroll processing, and general tax planning advice. The exact inclusions vary by firm, so review the service list carefully before signing an engagement letter.
How often should I meet with my fixed fee accountant?
Most fixed fee arrangements include regular check-ins, such as quarterly or bi-annual meetings, to review financial performance and tax planning opportunities. The frequency depends on your business needs and the agreed scope of work. Regular contact ensures your accountant stays informed of changes and can provide timely advice throughout the year.
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