
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 I look for in an accountant in South London?
When searching for an accountant in South London, look for professionals who are members of recognised bodies such as ACCA, ICAEW, or AAT. These qualifications ensure that the accountant has met rigorous standards of education and ethical practice. Additionally, check if they are registered with HMRC for anti-money laundering supervision, which is a legal requirement for providing accountancy services.
How can an accountant help with my Self Assessment tax return?
An accountant can assist with your Self Assessment tax return by ensuring that all income and allowable expenses are correctly reported. They will help you meet the HMRC deadline, minimise your tax liability through legitimate deductions, and provide advice on payments on account. This reduces the risk of errors and penalties, and saves you time and stress.
What is the difference between ACCA and ICAEW accredited accountants?
ACCA (Association of Chartered Certified Accountants) and ICAEW (Institute of Chartered Accountants in England and Wales) are both prestigious professional bodies. ACCA has a global focus and is popular among those working international business, whilst ICAEW is highly regarded in and often associated with larger firms. Both qualifications require significant study and practical experience, ensuring a high level of competence.
Can an accountant help me with VAT registration and returns?
Yes, an accountant can manage your VAT registration, advise on the appropriate VAT scheme (such as flat rate or annual accounting), and prepare and submit your VAT returns to HMRC. They will also help you understand which supplies are taxable, exempt, or zero-rated, and ensure you claim the correct input tax, keeping you compliant and efficient.
How often should I meet with my accountant in South London?
The frequency of meetings depends on your needs. For a small business, quarterly meetings are often beneficial to review cash flow and tax planning. For individuals with simpler affairs, an annual meeting before the Self Assessment deadline may suffice. Many accountants also offer ongoing support via email or phone, so you can stay in touch as needed throughout the year.
What should I bring to my first meeting with a potential accountant?
Bring your identification (passport or driving licence), recent tax returns, bank statements, and any correspondence from HMRC. If you run a business, include details of your income and expenses, a list of any employees, and information about your business structure. This will help the accountant assess your situation and provide accurate advice on the services you need.
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