Accountancy FAQs
Unsure about VAT? Confused between IR35 and CIS? Find answers to frequently asked questions about accounting, business and finance. Our articles and guides cover a range of accounting FAQs help take the mystery out of HMRC jargon, so you can run your business in straightforward terms.
The Advantages and Disadvantages of Operating as a Limited Company
1st June 2025One of the first decisions that a new business owner must make is about how to choose the legal structure of their…
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What Are the Benefits of Being a Sole Trader?
1st June 2025One of the first decisions most new business owners make is around what type of business structure they should use. Each option…
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Can You Employ People as a Sole Trader?
31st May 2025Being a sole trader doesn’t mean you have to do everything by yourself. Any business owner can take on employees to help…
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What is the Difference Between a Private and a Public Limited Company?
26th May 2025Limited companies exist as a separate legal entity to their owners, and this is often seen as an advantage because it means…
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What You Need to Know About HMRC Compliance Checks and Audits
19th May 2025The words ‘HMRC compliance’ are likely to strike fear into anyone’s heart, which is hardly surprising given the penalties for getting it…
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Who Pays the Bill if HMRC Make a Mistake?
14th May 2025Whether you’re a sole trader, limited company, or you co-ordinate the payroll, even the smallest mistake can have big consequences with HMRC….
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What else is included in our accountancy packages?
If you have any questions about our services please call us on 020 3355 4047
Unlimited support via phone or email
Automated reminders for your important deadlines
Annual tax efficiency reviews to reduce your tax bill
Proactive checks of your bookkeeping on Pandle
Automated bank feeds to speed up your bookkeeping
Live chat support on our bookkeeping software
Mobile app to invoice customers & upload receipts
Free representation during a HMRC investigation
Confirm Transactions
The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?
Please contact our sales team if you’re unsure
VAT Returns
It is unlikely you will need this service, unless you are voluntarily registered for VAT.
Are you sure this is correct?
Call us on 020 3355 4047 if you’re not sure.
MTD IT Quarterly Updates
Your final, end of year MTD Income Tax submission is included in your fee, without this add-on service.
We would recommend you submit the quarterly updates yourself using Pandle or alternative bookkeeping software.
However, if you would prefer us to submit these quarterly updates for you, there is an additional fee of £35.00 per month.
Call us on 020 3355 4047 if you’re not sure.
Bookkeeping
You will receive our bookkeeping software Pandle for free, as part of your package.
You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.
Please select and option below:
Call us on 020 3355 4047 if you’re not sure.