FAQS
Frequently Asked Questions
Accountants tend to work in a fast-paced, deadline-oriented environment. Accounting information is very time sensitive and needs to be processed in a timely fashion. Also, much accounting work requires individuals to work as a team. This helps in the completion of projects as well as the spreading of knowledge between team members. With accounting constantly changing and since it covers such a wide array of complex topics, there is no way one person can know everything there is to know about the subject. Thus, teamwork makes projects more attainable.
ACCOUNTANCY
We provide you with access to our preferred online accounting system – Xero, so you can do as much or as little of the book-keeping as you like.
We provide you with a stack of free post postage bags and you send them to us as often as you like. If you have anything electronic to send us, you just email this in to us.
We process the information you’ve given to us.
If you are VAT registered we will check to make sure you’re charging correctly and reclaiming everything you can.
We will then meet with you to chat through a basic profit and loss for the period and discuss any queries or questions.
We’ll then submit your VAT return to HMRC and tell you what you need to pay and when.
We get all the information from you (or your current accountant) on your staff, pay rates and hours worked.
Each pay-run we will request hours and any changes from you.
We process the payroll and let you have payslips.
We then tell you how much you need to pay the staff and to HMRC and by when.
Each month we will request the subcontractor invoices and payments made by you.
We process the CIS and let you have payslips for the subcontractors.
We then tell you how much you need to HMRC and by when.and by when.
Each month, quarter or year, we will write to you and ask you to provide the book-keeping records for the business.
We then check that the records are in a decent state, or if not will agree with you any extra work required by us or you.
We then run through the information and put it into a proper format for HMRC or Companies House.
We will ask you any questions we have as we’ve gone through the information.
We will normally prepare any tax returns required at the same time.
After 30 days of you providing us with the records, we’ll produce your accounts and we’ll arrange for a meeting to go through them with you.
We will provide you with a pack of information, giving you an insight in to your business performance for the period.
Once all agreed with you, we’ll submit everything to HMRC and Companies House.
We normally get much of what we need from you when we prepare your business accounts. However, we will also request information on all the other income you’ve had in the year.
We then run through the information and put it into a proper format for HMRC.
We will ask you any questions we have as we’ve gone through the information.
After 30 days of you providing us with the information, we’ll produce your tax return and we’ll arrange for a meeting to go through them with you.
Once all agreed with you, we’ll submit everything to HMRC and let you know what you need to pay and by when.
We will normally prepare any tax returns required at the same time.
After 30 days of you providing us with the records, we’ll produce your accounts and we’ll arrange for a meeting to go through them with you.
We will provide you with a pack of information, giving you an insight in to your business performance for the period.
Once all agreed with you, we’ll submit everything to HMRC and Companies House.
TAX PLANNING
Yes, but the charge is much higher for non accountancy clients, mainly because to get information out of your existing accounting is like getting blood out of a stone!
Possibly, sometimes we can see straight away that you’re paying too much, other times it takes a bit more investigation. However, to date, we have never found anyone who is being as tax efficient as possible.
HMRC are happy with tax planning so long as it is done properly and within the law. It’s true that they are not too fond of aggressive tax avoidance schemes and will do their best to get these closed down, however, we never recommend these kind of scheme to our clients, unless we have investigated all other options and fully inform them of the risks of this type of planning.
We won’t charge for the first hour of our time, but if you want a full tax review, as you can imagine, there is a huge amount of work involved in going through your affairs and working out where all the tax savings could be made.
FINANCE
Not at all, you just need to know where to look.
If you have a good relationship with the bank, by all means. We are happy to negotiate with your bank on your behalf and this doesn’t normally cost you anything to have us involved, so why not keep your hassle to a minimum and let us look after the rest.
Not at all. We have a highly trained team of personal financial advisors who can sort out your personal finances, from pensions to mortgages.
BUSINESS DEVELOPMENT
We work with you to build new income streams and drive customers to you.
Ahhh, that’s the $64,000 question. To be able to answer that we need to review your business, how it wins customers and what marketing you’ve done in the past. Once we have those answers we use that information and our knowledge of marketing to put together a plan for you to drive your business forward.
Our clients
+92 321 2559084 Contact Us – We Answer Your Phones 24/7
We strive to provide Our Customers with Top Notch Support to make their Business Wonderful
