
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

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...
Frequently asked questions
What does a fixed fee accountant include in the price?
A fixed fee accountant typically covers services such as tax return preparation, bookkeeping, and year-end accounts within the agreed price. The exact scope depends on your needs and the package chosen. Always review the service list before signing to ensure it matches your requirements.
How do I know if an accountant is properly qualified?
Look for accreditations from recognised bodies such as ACCA, ICAEW, or AAT. These qualifications indicate the accountant has undergone rigorous training and adheres to professional standards. You can verify their status on the relevant institute's register.
Can a fixed fee accountant help with HMRC enquiries?
Yes, many fixed fee accountants include representation during HMRC enquiries as part of their service. This can cover queries about your tax return, VAT returns, or Corporation Tax filings. Confirm this is included in your agreement to avoid unexpected charges.
What is the difference between Self Assessment and Corporation Tax?
Self Assessment is used by sole traders, partners, and individuals to report income to HMRC. Corporation Tax is paid by limited companies on their profits. Both require accurate filing and payment by specific deadlines to avoid penalties.
How often should I meet with my accountant?
Most accountants recommend quarterly reviews to discuss financial performance and tax planning. However, frequency depends on your business complexity. Fixed fee arrangements often include regular check-ins, so ask your accountant about their schedule.
Is VAT registration included in fixed fee packages?
Some fixed fee packages include VAT registration assistance, but not all. If your turnover exceeds the threshold or you plan to register voluntarily, check whether this service is covered. Additional charges may apply for complex VAT schemes.
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