
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 to maintain digital records and submit VAT returns to HMRC using compatible software. It currently applies to all VAT-registered businesses, with future expansion to income tax and Corporation Tax. Engaging a qualified accountant ensures your business meets these digital reporting requirements accurately and on time.
How can an ACCA or ICAEW accountant help with MTD compliance?
Accountants with ACCA or ICAEW accreditation are trained to manage digital tax reporting under Making Tax Digital. They assist with selecting HMRC-recognised software, setting up digital records, and submitting quarterly VAT returns. Their expertise reduces the risk of errors and penalties, ensuring your business remains fully compliant with current regulations.
Do I need an accountant for Self Assessment if I use MTD software?
Yes, using MTD software does not replace the need for professional advice. An accountant can help you organise your digital records, identify allowable expenses, and optimise your tax position. They also ensure your Self Assessment return is completed correctly, reducing the chance of HMRC queries or investigations.
What should I look for when choosing a Making Tax Digital accountant?
Look for an accountant with recognised qualifications such as ACCA, ICAEW, or AAT, and specific experience with Making Tax Digital. Check that they offer support with VAT, Corporation Tax, and Self Assessment. Reading client reviews and comparing services through a directory like AccountingFirms can help you find a trusted professional in your area.
Can a local accountant in North Cumbria help with VAT returns?
Yes, a local accountant in North Cumbria can provide personalised support for VAT returns under Making Tax Digital. They understand regional business needs and offer face-to-face consultations if required. Their expertise ensures your VAT submissions are accurate and submitted on time, helping you avoid penalties from HMRC.
How does AccountingFirms verify the accountants listed on its platform?
AccountingFirms verifies each accountant's regulatory status, including their ACCA, ICAEW, or AAT accreditation. The platform checks that firms are authorised to practise and hold appropriate professional indemnity insurance. This verification process gives users confidence that they are connecting with qualified and regulated professionals for their tax and accounting needs.
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