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.
Understanding How Pay As You Earn (PAYE) Works
25th June 2025You’ll normally need to register as an employer for the Pay As You Earn (PAYE) scheme when you take on your first…
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What is a Balance Sheet?
22nd June 2025Balance sheets are a useful part of understanding the financial health of a business, so we explain how they work, why you…
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What Are Trade Debtors?
15th June 2025Trade debtors are essentially unpaid invoices for the goods or services your business provides to its customers, although the term can also…
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Why Do I Need to Verify My Identity for Companies House?
13th June 2025Verifying your identity to Companies House is now a legal requirement in the UK. We’ll explain how you can verify your identity,…
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Does a Sole Trader Need to Register with Companies House?
12th June 2025There’s a lot to think about when setting up a business, whether you’re a sole trader or opening a limited company. As a…
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Understanding Accounting Terms: Opening and Closing Balances
5th June 2025Business accounting is awash with all sorts of terminology, so our jargon-busting series of accounting FAQs explains common accountancy terms to help…
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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.
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.