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.
Cash Basis Accounting vs Traditional Accounting
29th August 2025If you’re starting up your business, then there are plenty of decisions to make. One of these is whether to use cash-basis…
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Using Financial Reports in Your Business
14th August 2025Financial reports are important tools for managing and understanding the financial health of your business. Sometimes referred to as ‘management accounts’, they…
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Accounting for Gift Cards
12th August 2025Gift cards can be a tricky concept to get your head around. Whilst it means cash for your business, it’s not actually…
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What Does Equity Mean in a Business?
11th August 2025Equity can be used as a way to look at the financial health of a business, as well as understanding its ownership….
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Understanding Accountancy Terms: Break Even Point (BEP)
30th July 2025Our ‘Understanding Accountancy Terms’ blog series deals with all of those frequently asked accounting and finance questions. In this article we explain…
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Is a Joint Venture the Same as a Partnership?
14th July 2025A joint venture is a type of business agreement made between two or more parties who agree to combine their resources in…
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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.