Help & FAQs

To get a feel of the amount of work involved. We’d need a very brief review of your books and records. Additionally, we’d need a copy of your last financial accounts prepared by your current accountant. If there’s anything you need help with and think it’s relevant for us to know, please contact us.

Monthly accounting services provide substantially more value than only an annual service. If an accountant only sees your numbers once a year, it is too late to offer advice that would have helped to make that year more profitable. And definitely too late to lower your tax liability for a year that is already over with. There are generally five ways accounting pays for itself: 1) It saves you time, 2) You get regular business profitability advice, 3)You have peace of mind that your finances are handled, 4) Your tax liability is reduced, 5) You can make more proactive financial decisions.

It depends. We would be happy to have a brief consultation to provide personalised financial advice for your new business, but at a high level, you need three things: a strategic plan, consistent accounting records, and expert advice.

Pricing for our monthly accounting services varies by your company’s needs. Our pricing is not based on the size of your company, rather our pricing model is based on your company’s accounting activity and the complexity of your financial statements. We will work with you to arrive at an affordable, fixed monthly fee. Our fixed-monthly fees are all-inclusive; services provided include profit and loss statements, balance sheets, bank reconciliation, tax work, VAT filings, audit representation, unlimited consultations for a full list please see our packages here.

In general we are a friendly, approachable ‘non robotic’ firm who likes to use plain English to explain all of the different aspects of your Accounting, Tax, Payroll and Consultancy requirements. There is nothing worse than having a conversation with your accountant and leaving thinking you did not understand a word they said!

We also strive to give the best customer service possible. We aim to answer each email received within 20 minutes and answer 98% of phone calls on the first dial. We hear horror stories from client’s old accountants that some take 5 working days to respond!

We mainly use Xero, Quickbooks and Sage. However as we tailor our services to your business we can adapt to any accounting software of your choice!

Yes.  We can complete every aspect, including bookkeeping, payroll, VAT returns and year end compliance.  We are also able to provide management accounts and business consultancy if this is needed.

Under self-assessment, a paper return must reach HMRC by 31st October. And an online return by 31st January. If you fail to file the return, you automatically receive a £100 fine. Even if you don’t owe any tax or have paid the tax you owe. If, for whatever reason, you miss the deadline, the longer you delay the more you pay.

We examine every client’s individual circumstances and suggest planning well in advance. So that you pay only as much as you have to and don’t incur a fine.

The deadline for filing your corporation tax return is within 12 months of the end of your company’s corporation tax accounting period. Yearly filing includes the submission of your company tax return form, and other supporting documentation. If you fail to file your return on time your company will receive an automatic penalty. Even if it does not owe any corporation tax.

Your actual payment deadline can vary. This depends on how much taxable profit your company or organisation makes. This is determined by many factors. Including the amount of your taxable profits and whether you operate a group of companies. It pays to complete your tax return well in advance. We recommend that you contact our offices so that we can examine and plan your return in plenty of time.

You must notify HMRC within 3 months to avoid a £100 penalty. If you’re approaching this deadline then contact us and we will help you get the form in on time.

Absolutely, we have a dedicated team of payroll specialists who can cover the whole payroll process for up to 250 employees.

Your financial accountant is there to keep the Inland Revenue and any external stakeholders happy. By recording financial information at the end of the year. A financial accountant focuses on tax.

A management accountant is there to help you throughout the year. By providing you with useful information that will enable you to make good decisions and optimise your company’s performance.

This is tax paid by UK companies (with some exceptions) on ‘chargeable profits’. Rates are fixed each year by the government.

It is a separate legal entity, a company whose shareholders have limited their liability to the value of the shares they hold.

This is when two or more people agree to carry on a business together intending to share profits.

This is the simplest type of business. There are no shareholders, just the owner’s money and borrowings. A sole trader may also be known as a sole proprietor.

With us, you get bookkeeping with a management accountant’s eye. You get advice, insights and training that you wouldn’t normally get from a bookkeeper.

You also get the peace of mind that comes from knowing you’re dealing with a company that has professional indemnity insurance and will be able to appreciate the bigger picture of your business

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If you enjoy doing the bookkeeping or already have staff who can do it, that’s fine. But bear in mind that we can also provide cover when people are sick or on holiday. We can also help out during peak periods.

If you’d rather be doing something more profitable with your time than bookkeeping. Or are thinking of employing someone to do it, you should consider us. It’s a much more flexible arrangement for you than having an employee. And we can add value as well.

That depends on exactly what you want us to do. Rest assured that our service is cost-effective. You will generally either end up saving money (by paying less to your accountant at the end of the year) or freeing yourself up to focus on your customers, turnover and profit.

This depends on your location and requirement, but we have successfully used email, post, or arranged to meet customers at a mutually convenient time and place.