
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 a small business accountant in Galway have?
Look for ACCA, ICAEW, or AAT certification. These bodies ensure rigorous training and adherence to ethical standards. An accountant with these credentials will be equipped to handle HMRC compliance, tax returns, and Corporation Tax for your business in Galway.
How can an accountant help with my Self-assessment tax return?
A qualified accountant prepares your Self-assessment accurately, ensuring all income and expenses are reported. They identify allowable deductions, calculate your tax liability, and submit the return to HMRC before the deadline, reducing the risk of penalties.
What is the difference between a chartered accountant and a certified accountant?
Chartered accountants are typically members of ICAEW or ICAS, while certified accountants belong to ACCA. Both are regulated and qualified to provide the same services, including audit, tax, and advisory. Choose based on experience and specialism rather than the specific body.
Do I need an accountant if I use accounting software?
Software can record transactions, but an accountant provides strategic advice, ensures compliance with UK tax system rules, and helps with complex areas like VAT schemes and capital allowances. Their expertise adds value beyond what software can offer.
How much do small business accountants in Galway typically charge?
Fees vary based on services needed. A simple Self-assessment might cost £150–£300, while full bookkeeping and year-end accounts range from £500 to £1,500. Many firms offer fixed fees or monthly packages. Use AccountingFirms to compare quotes from local providers.
Can an accountant represent me if HMRC opens an inquiry?
Yes. A regulated accountant can act as your agent during an HMRC compliance check or investigation. They handle correspondence, prepare explanations, and negotiate on your behalf, reducing stress and ensuring a professional response to any queries.
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