
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 when choosing an accountant in Dover?
When selecting an accountant in Dover, check for recognised qualifications such as ACCA, ICAEW, or AAT membership. Ensure they have experience with your specific needs, whether that is Self Assessment, VAT, or Corporation Tax. Reading client reviews and comparing fee structures can also help you make an informed decision.
How often should I meet with my accountant?
The frequency of meetings depends on your business complexity and personal requirements. Many clients meet their accountant quarterly to review financial performance and tax planning. For straightforward personal tax returns, an annual meeting may suffice. Your accountant can recommend a suitable schedule based on your circumstances.
Can an accountant help me with an HMRC investigation?
Yes, an experienced accountant can represent you during an HMRC investigation, handling correspondence and preparing necessary documentation. They will review your records to identify any discrepancies and advise on the best course of action. Having professional support reduces stress and helps ensure a fair outcome.
What is the difference between ACCA and ICAEW accreditation?
Both ACCA and ICAEW are respected accountancy bodies in the UK. ACCA has a global focus and is popular among those working international business, whilst ICAEW is particularly recognised for its rigorous training in audit and corporate finance. Both require ongoing professional development and adherence to strict ethical standards.
Do I need an accountant if I am a sole trader?
Whilst sole traders can manage their own tax returns, hiring an accountant can save time and reduce errors. An accountant ensures you claim all allowable expenses, meet HMRC deadlines, and pay the correct amount of tax. They can also advise on National Insurance contributions and help you plan for future growth.
What records should I keep for my accountant?
You should keep receipts, invoices, bank statements, and records of any business expenses. For payroll, maintain employee details and PAYE records. If you are VAT-registered, keep VAT invoices and digital records. Organising these documents throughout the year makes it easier for your accountant to prepare accurate accounts and tax returns.
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