
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 VAT returns using compatible software. An accountant helps you select the right software, set up digital records, and meet submission deadlines, reducing the risk of penalties and ensuring compliance.
How do I know if an accountant in Trafalgar is qualified?
Look for accreditations from recognised bodies such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to professional standards. AccountingFirms lists only verified, regulated professionals, making it easy to find a qualified expert in Trafalgar.
Can a Making Tax Digital accountant help with VAT returns?
Yes, a Making Tax Digital accountant specialises in digital VAT submissions. They will help you maintain digital records, submit quarterly returns to HMRC, and ensure your software is MTD-compliant. This reduces errors and saves time compared to manual filing.
What services do accountants in Trafalgar typically offer?
Accountants in Trafalgar offer services including tax return preparation, Corporation Tax filing, Self Assessment, payroll management, and business advice. Many also provide MTD compliance support, software training, and cash flow forecasting tailored to local businesses.
How often do I need to submit returns under Making Tax Digital?
Under MTD, most VAT-registered businesses must submit quarterly returns to HMRC. Some businesses may also need to file an annual final declaration. An accountant can help you manage these deadlines and ensure your digital records are always up to date.
What happens if I do not comply with Making Tax Digital rules?
Non-compliance can result in penalties from HMRC, including late submission fines and interest on unpaid tax. Working with a qualified accountant ensures you meet all MTD requirements, avoid penalties, and maintain accurate financial records for your business.
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