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 a micro entity for accounting purposes?
A micro entity is a small company that meets at least two of the following criteria: turnover of no more than £632,000, balance sheet total of no more than £316,000, and an average of no more than 10 employees. Micro entities can prepare and file abbreviated accounts with reduced disclosure requirements under the Companies Act 2006.
Do micro entity accountants handle HMRC tax investigations?
Yes, micro entity accountants listed on AccountingFirms are experienced in representing clients during HMRC tax investigations. They can review your records, prepare responses to HMRC queries, and negotiate settlements. Having a qualified ACCA, ICAEW, or AAT professional on your side reduces stress and helps protect your business from unnecessary penalties.
What services do micro entity accountants in East Mayfield typically offer?
Micro entity accountants in East Mayfield offer services including preparation of micro-entity accounts, Corporation Tax returns, VAT returns, Self-assessment tax returns, payroll management, and bookkeeping. They also provide tax planning advice to help you minimise liabilities and ensure compliance with HMRC deadlines and filing requirements.
How can I verify the qualifications of an accountant in East Mayfield?
You can verify an accountant's qualifications by checking their membership with recognised bodies such as ACCA, ICAEW, or AAT. AccountingFirms.co.uk lists only verified and regulated accountants, so you can browse profiles that clearly display professional accreditations. This ensures you connect with a qualified professional who meets industry standards.
What is the difference between a micro entity and a small company?
A micro entity is a subset of small companies with even lower turnover, balance sheet, and employee thresholds. Micro entities qualify for simpler reporting requirements, including exemption from the strategic report and director's report. Micro entity accountants specialise in preparing the reduced filing requirements unique to this classification under UK company law.
Can I switch to a micro entity accountant mid-year?
Yes, you can switch to a micro entity accountant at any time. The new accountant will need to review your previous records, liaise with your former accountant, and ensure continuity for year-end filings. Switching mid-year can be beneficial if you need more specialised support for micro entity reporting or better alignment with your business growth plans.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.