
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 services do startup accountants in Lancs typically offer?
Startup accountants in Lancs usually provide company formation advice, bookkeeping, VAT registration and returns, Corporation Tax planning, and Self Assessment preparation. They also help with cash flow forecasting, payroll setup, and HMRC correspondence, ensuring new businesses meet all legal obligations from the start.
How do I choose between an ACCA and an ICAEW accountant for my startup?
Both ACCA and ICAEW accountants are highly qualified and regulated. The choice often depends on the specific expertise you need. ACCA accountants frequently specialise in commercial and international matters, whilst ICAEW members are known for strong audit and corporate finance skills. Review their experience with startups in Lancs to decide.
Do I need a VAT-registered accountant for my new business?
If your startup’s taxable turnover exceeds the VAT threshold, you must register for VAT, and an accountant can manage this process. Even below the threshold, voluntary registration may benefit your business. A qualified accountant in Lancs can advise on the best approach and handle all HMRC submissions accurately.
What is the typical cost of hiring a startup accountant in Lancs?
Costs vary based on the services required and the complexity of your business. Many accountants offer fixed monthly packages for startups, covering bookkeeping, tax returns, and basic advice. It is best to request quotes from several firms in Lancs to compare pricing and find a package that suits your budget.
Can a startup accountant help with HMRC investigations?
Yes, a qualified accountant can represent you during HMRC enquiries and investigations. They ensure your records are accurate, prepare necessary documentation, and communicate with HMRC on your behalf. This reduces stress and helps resolve issues efficiently, protecting your startup from unnecessary penalties.
How soon should I hire an accountant after starting my business?
It is wise to engage an accountant as soon as you begin planning your business. Early advice on structure, tax obligations, and record-keeping can save time and money. An accountant in Lancs can help you set up systems correctly from day one, ensuring compliance and supporting your growth from the outset.
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