
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 is Making Tax Digital and who does it affect?
Making Tax Digital is a government initiative requiring businesses and landlords to maintain digital records and submit VAT returns to HMRC using compatible software. It currently applies to VAT-registered businesses, with plans to extend to Income Tax and Corporation Tax. Working with a qualified accountant helps ensure you meet these digital reporting obligations accurately and on time.
How can an ACCA or ICAEW accountant help with MTD compliance?
ACCA and ICAEW accountants are trained to understand HMRC's digital requirements and can guide you through software selection, record-keeping, and quarterly submissions. They ensure your accounting systems are properly linked and that all data is accurate. Their expertise reduces the risk of penalties and helps you manage cash flow effectively throughout the year.
Do I need to use specific software for Making Tax Digital?
Yes, HMRC requires you to use compatible software that can submit VAT returns directly through its system. Many digital tools also allow you to store records and calculate tax automatically. A qualified accountant can recommend the best software for your business size and sector, ensuring full compliance with HMRC's digital linking rules.
What are the penalties for not complying with Making Tax Digital?
Failure to comply with Making Tax Digital can result in penalties from HMRC, including fines for late submission or inaccurate records. The penalty system is based on points, with each missed deadline adding to your total. Engaging a professional accountant helps you avoid these penalties by ensuring your digital records and submissions are always correct and on time.
Can a local accountant in Fleet Street assist with Self Assessment tax returns?
Yes, many accountants in Fleet Street offer Self Assessment services alongside Making Tax Digital support. They can prepare and file your annual tax return, advise on allowable expenses, and help you plan for any tax due. Using a local professional means you benefit from face-to-face meetings and a deep understanding of regional business conditions.
How do I choose the right accountant for my business needs?
Start by looking for accountants with recognised qualifications such as ACCA, ICAEW, or AAT membership. Consider their experience with Making Tax Digital and your specific industry. Reading client reviews and comparing services through a directory like AccountingFirms.co.uk can help you find a professional who matches your requirements and budget.
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.
