
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 qualifications should I look for in a Sage accountant?
Look for an accountant who is a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure the accountant has undergone rigorous training and adheres to ethical standards. Additionally, check that they have practical experience with Sage software, including setup, troubleshooting, and reporting. This combination of formal qualification and software expertise will give you confidence that your accounts are handled correctly and efficiently.
How can a Sage accountant help with my HMRC tax returns?
A Sage accountant can prepare and submit your tax returns directly to HMRC using compatible software. They ensure that all figures are accurate and that you claim all allowable expenses and reliefs. They also help you meet deadlines, avoiding late filing penalties. With their knowledge of HMRC rules and Sage functionality, they can streamline the process, making it less stressful and more time-efficient for you.
What is Making Tax Digital and do I need to comply?
Making Tax Digital (MTD) is an HMRC initiative requiring businesses to keep digital records and file VAT returns using compatible software. Most VAT-registered businesses must comply, and Sage is one of the approved software options. A qualified accountant can help you set up your digital records, ensure your software is MTD-compatible, and manage your submissions. This reduces the risk of errors and keeps you compliant with current regulations.
Can a Sage accountant help with payroll and RTI submissions?
Yes, many Sage accountants offer payroll services, including calculating wages, deductions, and pension contributions. They also handle Real Time Information (RTI) submissions to HMRC, ensuring that your employees' tax and National Insurance are reported correctly. This service is particularly useful for small businesses that do not have a dedicated HR department. By outsourcing payroll, you save time and reduce the risk of penalties for late or incorrect submissions.
How do I choose between an ACCA, ICAEW, or AAT qualified accountant?
All three qualifications indicate a high level of competence, but they differ in focus. ACCA and ICAEW are chartered bodies with a broad business and tax focus, suitable for complex corporate and personal tax matters. AAT is more practical and often ideal for bookkeeping and smaller businesses. Consider your business size, complexity, and budget. A chartered accountant may offer more strategic advice, while an AAT member may be more cost-effective for routine compliance work.
What should I expect during an initial consultation with a Sage accountant?
During an initial consultation, the accountant will discuss your business operations, current use of Sage, and any specific challenges you face. They will review your financial records, explain how they can assist with tax planning, VAT, payroll, or year-end accounts, and provide a clear fee structure. This is also an opportunity for you to ask questions about their experience and approach. The goal is to determine if they are a good fit for your needs and to establish a working relationship.
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