
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 should I look for in a startup accountant?
You should look for an accountant with recognised qualifications such as ACCA, ICAEW, or AAT, and specific experience working with new businesses. They should understand HMRC requirements, offer proactive tax planning, and be able to help with VAT, Corporation Tax, and Self Assessment. A local presence in Epsom Surrey is beneficial for regular face-to-face meetings.
How much does a startup accountant typically charge?
Fees vary depending on the complexity of your business and the services required. Many accountants offer fixed monthly packages for startups, covering bookkeeping, tax returns, and basic compliance. It is advisable to request a detailed quote from several firms in Epsom Surrey to compare pricing and ensure the services match your budget.
Do I need an accountant if I am a sole trader?
While not legally required, having an accountant is highly recommended for sole traders. An accountant can help you complete your Self Assessment tax return accurately, claim allowable expenses, and ensure you pay the correct amount of tax. They can also advise on whether registering as a limited company might be more beneficial for your circumstances.
What is the difference between ACCA and ICAEW accountants?
Both ACCA and ICAEW are prestigious accountancy bodies in the UK. ACCA has a global focus and is popular among those working industry and practice. ICAEW is highly regarded for its rigorous training and is often associated with chartered accountancy in business and audit. Both qualifications ensure a high standard of professional competence and ethics.
Can an accountant help with HMRC investigations?
Yes, a qualified accountant can represent you during an HMRC investigation. They will handle all correspondence, review your records, and ensure you provide the correct information. Having professional support reduces stress and can prevent costly penalties. It is wise to choose an accountant with experience in handling HMRC enquiries from the start.
How often should I meet with my startup accountant?
It is advisable to meet quarterly to review your financial performance, discuss tax planning, and adjust your strategy. Many accountants in Epsom Surrey offer flexible meeting schedules, including monthly check-ins during your first year. Regular contact ensures you stay on top of deadlines and can make informed decisions as your business grows.
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