
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 (MTD) is a government initiative requiring businesses to keep digital records and submit quarterly updates to HMRC. An accountant ensures your software is compliant, your records are accurate, and your submissions are made on time, helping you avoid penalties and stay organised.
How do I find a qualified accountant in Malden Surrey for MTD?
You can use AccountingFirms.co.uk to browse local accountants in Malden Surrey. The directory allows you to filter by accreditations such as ACCA, ICAEW, or AAT, and read client reviews. This helps you select a regulated professional with specific experience in Making Tax Digital compliance.
What services do Making Tax Digital accountants typically offer?
They offer services including digital record-keeping setup, quarterly VAT and Income Tax submissions, Self Assessment tax returns, Corporation Tax computations, payroll management, and HMRC correspondence. They also provide tax planning advice to help you minimise your liability whilst staying compliant with MTD requirements.
Do I need an ACCA or ICAEW qualified accountant for MTD?
While not mandatory, using an ACCA, ICAEW, or AAT qualified accountant ensures a high standard of expertise and professional regulation. These professionals are trained to handle complex tax rules and are held to strict ethical standards, giving you confidence that your MTD submissions are accurate and compliant.
Can an accountant help me choose the right MTD-compatible software?
Yes, a qualified accountant can recommend and help you implement software that meets HMRC’s MTD requirements. They will assess your business size, turnover, and complexity to suggest the most suitable option, and can assist with the initial setup and training to ensure smooth digital record-keeping.
What happens if I miss a quarterly MTD submission?
Missing a submission can result in late filing penalties from HMRC. An accountant helps you stay on track by setting reminders, preparing returns in advance, and submitting them on your behalf. They can also handle any penalty notices or appeals if an issue arises, protecting your business from unnecessary fines.
About Accounting Firms
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