
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?
A micro entity accountant is a professional who specialises in preparing statutory accounts for small companies that qualify as micro entities under the Companies Act. They focus on simplified reporting requirements, including reduced disclosure notes and abridged balance sheets, ensuring compliance with HMRC and Companies House regulations.
Why should I use a qualified ACCA or ICAEW accountant in Park Royal?
Using a qualified ACCA or ICAEW accountant in Park Royal provides assurance that your financial affairs are managed by a regulated professional. These accountants adhere to strict ethical and technical standards, ensuring accurate tax returns, VAT filings, and Corporation Tax calculations, which helps minimise errors and potential HMRC penalties.
How can a micro entity accountant help with HMRC compliance?
A micro entity accountant assists with HMRC compliance by preparing and submitting accurate tax returns, managing VAT returns, and calculating Corporation Tax. They ensure all deadlines are met and advise on legitimate tax reliefs, such as the annual investment allowance, to reduce your tax liability while staying within legal requirements.
What services do micro entity accountants in Park Royal offer?
Micro entity accountants in Park Royal offer services including preparation of micro entity accounts, Self-assessment tax returns, VAT registration and returns, Corporation Tax filing, bookkeeping, and payroll management. They also provide advice on tax planning and business structure to help your small business grow efficiently.
How do I find a reliable micro entity accountant near Park Royal?
You can find a reliable micro entity accountant near Park Royal by using AccountingFirms.co.uk, a directory of verified professionals. The platform allows you to browse local firms, compare qualifications such as ACCA or ICAEW, read client reviews, and directly contact accountants who specialise in micro entity services.
What is the difference between a micro entity and a small company for accounting purposes?
A micro entity is a very small company that meets two of three criteria: turnover under £632,000, balance sheet total under £316,000, and fewer than 10 employees. Micro entities benefit from simplified accounting requirements, such as reduced disclosure notes and an abridged balance sheet, whereas small companies have slightly more detailed reporting obligations under UK company law.
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