
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 accountant and why do I need one in Havant Hampshire?
A micro entity accountant specialises in preparing accounts under the FRS 105 standard, which is designed for the smallest companies. If you run a micro entity in Havant Hampshire, using a qualified accountant ensures your abbreviated accounts are filed correctly with Companies House and HMRC, saving you time and reducing the risk of errors.
What qualifications should I look for in a micro entity accountant in Havant Hampshire?
Look for accountants who hold ACCA, ICAEW, or AAT accreditation. These qualifications demonstrate that the accountant has undergone rigorous training and adheres to professional ethical standards. A qualified accountant in Havant Hampshire will also stay updated on HMRC regulations and tax law changes relevant to micro entities.
How can a micro entity accountant help with HMRC compliance and tax returns?
A micro entity accountant prepares and submits your Corporation Tax return, VAT returns, and Self-assessment tax returns to HMRC. They ensure all figures are accurate and deadlines are met, helping you avoid penalties. They also advise on allowable expenses and tax reliefs specific to micro entities operating in Havant Hampshire.
What is the difference between FRS 105 and full GAAP accounting for micro entities?
FRS 105 is a simplified accounting standard for micro entities, requiring only an abbreviated balance sheet and profit and loss account. Full GAAP involves more detailed disclosures and is typically used by larger companies. A micro entity accountant in Havant Hampshire will determine which standard applies to your business and prepare the correct filings.
Can a micro entity accountant in Havant Hampshire handle my payroll and VAT?
Yes, many micro entity accountants offer payroll processing and VAT return preparation as part of their services. They can manage RTI submissions to HMRC, calculate PAYE and National Insurance, and ensure your VAT returns are accurate. This integrated support helps micro entities in Havant Hampshire maintain full compliance without hiring multiple providers.
How do I choose the right micro entity accountant from the AccountingFirms directory?
Use the directory to browse accountants in Havant Hampshire, then compare their qualifications, client reviews, and service offerings. Look for ACCA, ICAEW, or AAT accreditation and check whether they have experience with micro entity accounts. You can contact multiple firms to discuss your needs before making a final decision.
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