
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 why do I need an accountant for it?
Making Tax Digital is an HMRC initiative requiring businesses to keep digital records and submit quarterly updates. An accountant ensures your software is correctly set up, your VAT returns are filed accurately, and you remain compliant with all deadlines, reducing the risk of penalties.
How do I choose a qualified accountant in Gillingham Dorset?
Look for accountants with ACCA, ICAEW, or AAT accreditation, as these qualifications guarantee professional standards. Check their experience with Making Tax Digital, read client reviews, and confirm they are registered with a recognised supervisory body for added assurance.
What services do Making Tax Digital accountants typically offer?
They provide software setup and training, quarterly VAT submissions, Self Assessment filing, Corporation Tax returns, and ongoing tax planning. They also help with digital record-keeping and ensure your business meets HMRC’s digital reporting requirements.
Can a local accountant help with both VAT and Corporation Tax?
Yes, many accountants in Gillingham Dorset handle both VAT returns under Making Tax Digital and Corporation Tax filings. They can manage your entire tax compliance cycle, from quarterly updates to annual accounts, ensuring consistency and accuracy across all submissions.
What happens if I miss a Making Tax Digital deadline?
Missing a deadline can result in penalties from HMRC, which increase with each late submission. An accountant monitors your deadlines, prepares returns in advance, and submits them on time, helping you avoid fines and maintain a good compliance record.
Do I need to use specific accounting software for Making Tax Digital?
HMRC requires compatible software that can submit data directly to their systems. Your accountant can recommend and help you set up approved software, such as Xero or QuickBooks, and provide ongoing support to ensure your digital records meet all requirements.
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