
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

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More

Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More

SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
Frequently asked questions
What is Making Tax Digital and why does it affect my business?
Making Tax Digital (MTD) is an HMRC initiative requiring businesses to maintain digital records and submit quarterly updates for VAT and Income Tax. It affects most VAT-registered businesses and is expanding to other taxes. Non-compliance can result in penalties, so engaging a qualified accountant ensures your systems meet the required digital standards.
How do I choose a qualified accountant for MTD in Ottery St Mary?
Look for accountants with ACCA, ICAEW, or AAT accreditation, as these bodies ensure high professional standards. Check their experience with MTD software and digital submissions. Local firms in Ottery St Mary often provide more personalised service and understand regional business needs, making them a strong choice for ongoing compliance support.
What are the penalties for not complying with MTD requirements?
HMRC can issue penalties for late submissions, incorrect returns, or failure to keep digital records. Penalties are based on the size of your business and the severity of non-compliance. Working with a regulated accountant helps you avoid these fines by ensuring your digital records and submissions are accurate and timely.
Can a local accountant help with both VAT and Self Assessment under MTD?
Yes, many accountants in Ottery St Mary are equipped to handle both VAT and Self Assessment under MTD. They can set up compatible software, train your staff, and manage quarterly updates. Their local knowledge also allows them to offer tailored advice on tax planning and cash flow management specific to your business.
How does MTD affect my Corporation Tax filings?
MTD for Corporation Tax is being phased in, requiring digital record-keeping and quarterly reporting. While not yet mandatory for all, early adoption is advisable. A qualified accountant can help you prepare your digital systems now, ensuring a smooth transition when the rules become compulsory for your business.
What software do I need for Making Tax Digital compliance?
HMRC requires MTD-compatible software that can keep digital records and submit returns directly. Popular options include Xero, QuickBooks, and Sage. An accountant can recommend the best software for your business size and sector, and assist with setup and integration to ensure full compliance with HMRC standards.
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