
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?
Look for accreditation from recognised bodies such as ACCA, ICAEW, or AAT. These qualifications demonstrate that the accountant has completed rigorous training and adheres to professional standards. A qualified accountant will be better equipped to handle HMRC requirements, prepare accurate tax returns, and offer reliable financial advice.
How can an accountant help with my Self Assessment tax return?
An accountant can prepare and submit your Self Assessment tax return to HMRC on your behalf, ensuring all income and allowable expenses are correctly reported. They will identify deductions you may have missed, calculate your tax liability accurately, and help you meet filing deadlines to avoid penalties.
Do I need an accountant if I am a sole trader?
While not legally required, hiring an accountant is highly recommended for sole traders. An accountant can help you manage your tax return, maximise allowable expenses, and ensure you comply with HMRC rules. They also provide valuable advice on record-keeping and cash flow, saving you time and reducing stress.
What is the difference between a chartered accountant and a certified accountant?
Chartered accountants are members of ICAEW, whilst certified accountants belong to ACCA. Both are highly qualified and regulated, but their training paths differ slightly. ICAEW focuses more on practice and audit, whilst ACCA has a broader international focus. Both are equally capable of handling tax returns, VAT, and business accounts.
How much does it cost to hire an accountant in W2?
Costs vary depending on the complexity of your affairs and the size of the firm. A sole trader might pay between £150 and £300 per year for a basic tax return, whilst a limited company could expect fees from £500 to £2,000 or more for full accounting and tax services. It is best to request quotes from several firms to compare.
Can an accountant help with VAT registration and returns?
Yes, an accountant can assist with VAT registration, advise on the best scheme for your business (such as Flat Rate or Annual Accounting), and prepare and submit your VAT returns to HMRC. They ensure you claim all eligible input tax and remain compliant with VAT regulations, reducing the risk of errors and penalties.
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