
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 is it important for my business?
Making Tax Digital is an HMRC initiative requiring businesses to maintain digital records and submit quarterly updates for VAT. It aims to improve accuracy and reduce errors in tax reporting. Non-compliance can result in penalties, so it is essential to work with an accountant who understands MTD requirements.
How do I know if an accountant in Hendon London is properly qualified?
Look for accountants who hold recognised accreditations such as ACCA, ICAEW, or AAT. These bodies require members to meet strict professional standards and undertake ongoing training. You can verify an accountant’s credentials through the relevant institute’s online register.
Can a Making Tax Digital accountant help with VAT returns?
Yes, Making Tax Digital accountants specialise in helping businesses comply with MTD for VAT. They assist with selecting approved software, setting up digital records, and submitting quarterly VAT returns to HMRC. They also provide guidance on VAT registration and partial exemption rules.
What should I look for when choosing an accountant for Self Assessment?
When selecting an accountant for Self Assessment, ensure they have experience with digital record-keeping and MTD compliance. Check for ACCA, ICAEW, or AAT accreditation, and read client reviews. A good accountant will help you file accurate returns and identify allowable expenses to reduce your tax bill.
How often do I need to submit updates under Making Tax Digital?
Under Making Tax Digital for VAT, you must submit quarterly updates to HMRC using compatible software. Each update summarises your digital records for that period. Your accountant can manage these submissions on your behalf and ensure they are accurate and timely.
What are the benefits of using a local accountant in Hendon London?
A local accountant understands the specific business environment in Hendon London and can offer face-to-face meetings when needed. They are familiar with local tax issues and can provide personalised advice. Using a nearby professional also makes it easier to share documents and discuss complex matters in person.
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