
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 covers a pre-agreed scope of services for a set monthly or annual price. This typically includes tax return preparation, bookkeeping, payroll, and financial advice. Any additional services outside the agreement may incur extra charges, so it is important to clarify the exact inclusions before signing.
How do I verify an accountant is ACCA or ICAEW regulated?
You can check an accountant's credentials by visiting the ACCA or ICAEW online registers. These databases list all regulated members and their practising status. AccountingFirms.co.uk also displays qualifications for each listed firm, making it easy to confirm their professional standing before engaging their services.
Can a fixed fee accountant help with HMRC investigations?
Yes, many fixed fee accountants offer support during HMRC investigations, though this may be covered under a separate agreement or additional fee. It is advisable to discuss this upfront and ensure your accountant has experience handling enquiries and inspections to protect your interests.
What is the difference between a fixed fee and hourly rate accountant?
A fixed fee accountant charges a set price for defined services, providing cost certainty. An hourly rate accountant bills for time spent, which can lead to unpredictable costs. Fixed fee arrangements are ideal for clients who want to budget accurately and avoid surprises, especially for routine compliance work.
Do I need a fixed fee accountant for a limited company?
Limited companies often benefit from fixed fee accountants because they require regular services such as Corporation Tax filings, VAT returns, and annual accounts. A fixed fee package simplifies budgeting and ensures all statutory deadlines are met without the risk of escalating costs from hourly billing.
How do I switch to a fixed fee accountant in Victoria Street?
To switch, first review your current contract and notice period. Then search AccountingFirms.co.uk for fixed fee accountants in Victoria Street, compare their services and pricing, and contact your chosen firm. They will handle the transfer of records from your previous accountant, ensuring a smooth transition.
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