
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 an HMRC initiative requiring businesses to keep digital records and submit quarterly updates. An accountant ensures you use compliant software, meet deadlines, and avoid penalties. They also help integrate MTD into your daily processes, making tax management simpler and more accurate.
How do I choose a qualified accountant in South Glamorgan for MTD?
Look for professionals with ACCA, ICAEW, or AAT accreditation, as these bodies enforce high standards. Verify their experience with MTD for VAT and other taxes. Use directories like AccountingFirms to compare local firms, read client reviews, and confirm they are regulated. A face-to-face meeting can also help assess their suitability.
What services do Making Tax Digital accountants typically offer?
They provide digital record-keeping setup, quarterly VAT submissions, Self Assessment and Corporation Tax filing, and HMRC compliance advice. They also analyse your financial data to identify tax savings, offer software training, and prepare you for future MTD expansions. Many also handle year-end accounts and payroll.
Are all accountants in South Glamorgan registered with HMRC for MTD?
Not all accountants are MTD specialists. It is important to confirm they are registered with HMRC as an agent and have experience with digital tax software. Accredited professionals from ACCA, ICAEW, or AAT are more likely to be up to date with MTD requirements and can provide the necessary support.
Can an accountant help me if my business is already VAT-registered?
Yes, if you are VAT-registered, MTD for VAT is mandatory. An accountant can review your current digital records, recommend compliant software, and manage your quarterly submissions. They ensure your returns are accurate and submitted on time, reducing the risk of penalties and helping you reclaim VAT efficiently.
What should I expect during the first meeting with an MTD accountant?
The accountant will assess your business size, turnover, and current record-keeping methods. They will explain MTD obligations, recommend software, and outline a timeline for compliance. You will discuss fees, services, and how they will communicate with you. This meeting helps establish a tailored plan for your tax affairs.
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