
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 tax adviser hold?
A reliable tax adviser should hold recognised qualifications from bodies such as ACCA, ICAEW, or AAT. These credentials ensure the adviser has undergone rigorous training and adheres to professional standards. Membership of these bodies also requires continuing professional development, so your adviser stays current with tax legislation and HMRC requirements.
How do I know if I need a tax adviser?
You may benefit from a tax adviser if you are self-employed, run a limited company, have complex investments, or receive income from multiple sources. An adviser can help you complete Self Assessment returns, manage Corporation Tax, and plan for VAT. They also provide guidance on reliefs and allowances you might otherwise miss.
What is the difference between an accountant and a tax adviser?
While both professions overlap, a tax adviser specialises specifically in tax planning, compliance, and HMRC negotiations. Accountants often handle broader financial tasks like bookkeeping and payroll. Many qualified accountants also offer tax advisory services, but a dedicated tax adviser focuses exclusively on minimising your tax liabilities and ensuring legal compliance.
Can a tax adviser help with an HMRC enquiry?
Yes, a qualified tax adviser can represent you during an HMRC enquiry or investigation. They will review your records, prepare responses, and negotiate on your behalf. This reduces stress and ensures you meet all deadlines. Advisers with ACCA or ICAEW accreditation are particularly skilled at handling complex enquiries and disputes.
How often should I meet with my tax adviser?
You should meet your tax adviser at least once a year to review your Self Assessment or Corporation Tax return. However, more frequent meetings are advisable if your financial situation changes, such as starting a business, selling assets, or receiving an inheritance. Regular contact helps with proactive planning and avoids last-minute issues.
What documents do I need to provide for tax advice?
You will typically need to provide payslips, bank statements, invoices, receipts, and details of any investments or property income. If you are a business owner, include profit and loss accounts, balance sheets, and VAT records. Your adviser will give you a full list based on your specific circumstances to ensure accurate tax return preparation.
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