
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 Kensington?
When selecting an accountant, check for recognised qualifications such as ACCA, ICAEW, or AAT membership. Ensure they have experience with your specific needs, whether personal tax, self-employment, or limited company accounts. It is also wise to read client reviews and confirm they are registered with a professional body for regulatory oversight.
How can an accountant help with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return to HMRC, ensuring all income and allowable expenses are correctly declared. They identify deductions you might miss, calculate your tax liability accurately, and help you meet the filing deadline to avoid penalties. This saves you time and reduces stress.
Do I need a VAT-registered accountant for my business?
If your business is VAT-registered or approaching the threshold, an accountant experienced in VAT is essential. They handle VAT returns, advise on schemes like Flat Rate or Annual Accounting, and ensure compliance with HMRC rules. Even if you are not yet VAT-registered, an accountant can help you plan for when you will be.
What is the difference between an ACCA and an ICAEW accountant?
Both ACCA and ICAEW are prestigious accountancy bodies with rigorous training and ethical standards. ACCA has a global focus, whilst ICAEW is traditionally UK-centred. Both qualify accountants to audit, prepare accounts, and advise on tax. The choice often comes down to the accountant's specific experience and your business requirements.
Can an accountant help with HMRC investigations or tax disputes?
Yes, an accountant can represent you during an HMRC enquiry, prepare necessary documentation, and negotiate on your behalf. They understand HMRC procedures and can help resolve disputes efficiently, minimising potential fines and interest. Having professional support is invaluable if you face a tax investigation.
How much does it cost to hire an accountant in Kensington?
Costs vary based on the complexity of your affairs and the services required. A sole trader might pay a fixed fee for annual accounts and tax return, whilst limited companies may incur higher charges for corporation tax and payroll. Many accountants offer an initial consultation to discuss fees and scope of work before you commit.
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