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.
What is Bank Reconciliation?
8th April 2026Keeping accurate financial records (known as bookkeeping) is hugely important when running a business – after all, those are the numbers that…
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Switching Accountants: How to Move to a New Accountant
1st April 2026You won’t be the first, or the last to switch accountants. It’s a routine part of business, and one that accountants handle…
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What Happens if an Employer Makes a Mistake with PAYE?
27th March 2026Employers must deduct tax and National Insurance from the wages they pay to employees, and report these deductions to HMRC using the…
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How Do I Find My Tax Reference Number?
26th March 2026Your tax reference number indicates which employer you are working for, and appears on your payslip or letters from HMRC. Though they…
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Do I Still Need to Submit a Tax Return If I Don’t Make a Profit?
25th March 2026You should always submit a tax return to HMRC if they’re expecting one, even if you don’t have any profits to report….
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Reasons to Hire an Accountant For Your Business
22nd March 2026Accounting is one of those professions most people are aware of, but might not have much involvement with unless they start a…
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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.