
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
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
Frequently asked questions
What qualifications should a startup accountant hold?
A startup accountant should ideally hold accreditation from a recognised body such as ACCA, ICAEW, or AAT. These qualifications demonstrate that the accountant has undergone rigorous training and adheres to professional standards, ensuring they can manage your tax returns, Corporation Tax, and VAT obligations competently.
How can an accountant help with HMRC compliance?
An accountant can prepare and submit your Self Assessment tax return, calculate Corporation Tax due, and advise on VAT registration and returns. They also represent you during HMRC enquiries, helping to resolve any issues efficiently and ensuring you meet all filing deadlines to avoid penalties.
Do I need a VAT-registered accountant for my startup?
It is not mandatory, but a VAT-registered accountant can provide valuable advice if your turnover exceeds the VAT threshold. They will help you register for VAT, complete quarterly returns, and manage cash flow effectively. Even below the threshold, their guidance on voluntary registration can be beneficial.
What services do startup accountants typically offer?
Startup accountants typically offer services including company formation assistance, bookkeeping, payroll management, tax planning, and preparation of financial statements. They also provide advice on business structure, cash flow forecasting, and HMRC compliance, tailored to the needs of new businesses.
How often should I meet with my accountant?
It is advisable to meet your accountant at least quarterly to review financial performance, discuss tax planning, and address any compliance issues. More frequent meetings may be necessary during your first year of trading or if your business experiences rapid growth or significant changes.
Can an accountant help me choose the right business structure?
Yes, an accountant can analyse your business goals, projected income, and personal circumstances to recommend whether to operate as a sole trader, partnership, or limited company. They will explain the tax implications, legal responsibilities, and administrative requirements of each structure to help you make an informed decision.
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