How to Choose an Accountant or a Tax Agent

27/07/2024 - 6 minutes read
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How to choose an accountant or a tax agent : If you decide that you need a tax agent, you must make sure to choose the right tax agent carefully. This is because even if you use a tax agent, you remain responsible for your own tax affairs.

Before choosing a tax agent, think about whether you can deal with HMRC yourself. You can do this through your personal tax account or your business tax account.

You can claim a tax refund (also known as a tax rebate) on GOV.UK. You do not need an agent to do this for you.

An agent will charge fees for claiming a tax refund for you.

You can also get help from:

How to find an accountant – What you need to look out for?

If you do decide to choose a tax agent, you should:

  • – check their website to see what tax services they offer
  • – read their terms and conditions so you fully understand the:
    • – fees you will pay
    • – legal contract you may be agreeing to
    • – service you’re signing up for
  • – check how much the agent charges and how and when you’re expected to make payment
  • – find out about their reputation and history (for example, search for online reviews)
  • – make sure they have the right experience to help you, for example certain trade sectors or business sizes
  • – check they can provide all the services you need, for example, payroll, audit or investment
  • – ask if they’re registered for online access with HMRC so they can do your tax digitally
  • – confirm they are aware of and meeting HMRC’s agent standards
  • – check if your adviser holds relevant professional qualifications or is a member of an accountancy or tax professional body

Make sure you contact a few different agents before choosing which one provides the right services for you.

How to Choose an Accountant or a Tax Agent

How to Choose an Accountant or a Tax Agent

You should meet the person who will be interacting with HMRC on your behalf and find out how much they will charge you for their services.

Even if you use an agent, the figures on your tax return are your responsibility. You must not sign a blank return for your tax agent to fill in and should always review the return before signing it.

You should also never share your Government Gateway user ID or password with your agent.

HHow do the tax agent professional bodies work?

Be aware that anyone can call themselves a tax agent — they do not have to have qualifications or professional training and HMRC does not regulate agents.

Many tax agents and advisers are members of accountancy or tax professional bodies. These are organisations which provide relevant qualifications and help their members stay up to date through continuous professional training. Professional bodies will also review the behaviour of their members and take action if their behaviour falls short of professional standards. Members of professional bodies are also more likely to hold professional indemnity insurance, which can help protect you if things go wrong.

How to choose an accountant or a tax agent when using their services to submit Income Tax or PAYE repayment claims

From 26 February 2024, if you want to nominate an agent to receive a repayment on your behalf, they should find out what they need to do to receive Income Tax or PAYE repayments on behalf of others.

If you submit your claim by an agent and have not been contacted after 28 days, you can:

What to do next

Once you have chosen an agent, you must appoint and authorise them to deal with HMRC on your behalf.

Find out how to appoint someone to deal with HMRC on your behalf.

How can MCL Accountants help you with your queries on how to choose an accountant or a tax agent?

Contact MCL Accountants on 01702 593 029 if you need any assistance with the preparation and submission of your business accounts or self-assessment tax returns to HMRC