
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 an HMRC initiative requiring businesses to maintain digital records and submit tax returns electronically using compatible software. An accountant ensures your systems are set up correctly, your data is accurate, and you meet all filing deadlines to avoid penalties.
How do I know if an accountant in Tewkesbury Glos is properly qualified?
Look for accreditations from recognised professional bodies such as ACCA, ICAEW, or AAT. These qualifications demonstrate that the accountant has undergone rigorous training, adheres to ethical standards, and maintains ongoing professional development to stay current with tax legislation.
Will my accountant help me choose the right Making Tax Digital software?
Yes, most accountants who specialise in Making Tax Digital will advise on suitable software packages that integrate with HMRC systems. They can recommend options based on your business size, turnover, and specific reporting needs, and assist with the initial setup and staff training.
Can a Making Tax Digital accountant handle my VAT and Corporation Tax together?
Absolutely. Many accountants offer comprehensive services covering VAT, Corporation Tax, and Self Assessment. They ensure all your digital submissions are coordinated and accurate, saving you time and reducing the risk of errors across different tax obligations.
What should I expect during my first meeting with a Making Tax Digital accountant?
The accountant will review your current record-keeping methods, discuss your business structure and turnover, and explain how Making Tax Digital applies to you. They will outline the software options, implementation timeline, and ongoing support they provide to ensure compliance.
How often will I need to submit digital returns under Making Tax Digital?
For VAT, most businesses submit quarterly returns digitally. For income tax and Corporation Tax, the frequency depends on your specific obligations. Your accountant will set up a schedule and remind you of upcoming deadlines to ensure you never miss a submission.
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