
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 HMRC's initiative to digitise tax reporting, requiring businesses to keep digital records and submit quarterly updates. An accountant ensures your software meets HMRC standards, helps you set up digital links, and submits accurate returns, reducing the risk of penalties.
How do I find a qualified Making Tax Digital accountant in Isle Of Lewis?
You can use AccountingFirms.co.uk to browse verified accountants who specialise in Making Tax Digital. Filter by accreditations such as ACCA, ICAEW, or AAT, and read client reviews to find a professional who understands your business needs in Isle Of Lewis.
What qualifications should a Making Tax Digital accountant have?
Look for accountants with ACCA, ICAEW, or AAT qualifications, as these bodies require rigorous training and ongoing professional development. Such accountants are recognised for their expertise in tax compliance, digital accounting, and HMRC regulations, ensuring reliable service.
Can a Making Tax Digital accountant help with VAT and Corporation Tax?
Yes, these accountants are experienced in handling VAT returns under Making Tax Digital rules and can assist with Corporation Tax and Self Assessment filings. They help you organise digital records for all tax types, ensuring your business meets HMRC deadlines.
How often do I need to submit updates under Making Tax Digital?
For VAT, businesses must submit quarterly digital returns to HMRC. Some businesses may also need to provide an annual final declaration. An accountant can manage these submissions on your behalf, ensuring accuracy and timeliness throughout the year.
What software do Making Tax Digital accountants recommend?
Accountants typically recommend HMRC-recognised software that supports digital links and automatic data transfer. Popular options include Xero, QuickBooks, and Sage. Your accountant will help you choose the best software for your business size and industry in Isle Of Lewis.
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