FAQ

  • Do I need an accountant if I use Xero or QuickBooks?

    No, although software makes bookkeeping easier, it doesn’t replace professional advice. We use Xero ourselves and help clients interpret the numbers, stay compliant, and make confident business decisions.

  • What’s included in your accounting packages?

    Our packages are tailored around your business goals. They usually include bookkeeping, VAT, payroll, annual accounts, and Corporation Tax returns, plus ongoing support and advice throughout the year.

  • How much do accountants charge for a limited company?

    It depends on the level of support you need. Most of our limited company clients pay a fixed monthly fee, so there are no surprises. We’ll agree a clear scope before you sign up.

  • Can you help me move from my current accountant?

    Yes, we handle the full handover for you, from requesting records to setting up new systems so the transition is smooth and stress-free.

  • When should I switch from a sole trader to a limited company?

    When your profits grow or your risk increases. We’ll model both options so you can see the tax impact and decide when the timing is right.

  • What can I claim as a business expense?

    If it’s “wholly and exclusively” for business, it’s usually allowable. We’ll guide you through the common claims (like home office, mileage, or subscriptions) and help you stay compliant with HMRC.

  • How do I pay myself – salary, dividends, or both?

    A mix is usually most tax-efficient. We’ll calculate the right balance for your situation and ensure it’s reflected correctly in payroll and your accounts.

  • Can you help me understand my cashflow and profit margins?

    Absolutely. We go beyond compliance to show you how your business is performing and where improvements can be made, with dashboards, reports, and plain-English advice.

  • What is Making Tax Digital (MTD), and how does it affect me?

    MTD means more frequent online reporting to HMRC. We’ll make sure your systems are compliant and that your submissions are handled on time.

  • Can you help with forecasting and budgeting, not just bookkeeping?

    Yes. Many clients come to us for financial planning support — from cashflow forecasting to scenario planning and profit growth strategies.

  • When do I need to file my company accounts and Corporation Tax return?

    Your first accounts are due 21 months after registration, then 9 months after each year-end. We track all deadlines for you and file everything on time.

  • What happens if I miss a Companies House or HMRC deadline?

    You’ll face penalties and interest, but we’ll ensure that doesn’t happen. Our systems and reminders keep you compliant and in control.

  • How can I reduce my Corporation Tax legally?

    We review your structure, expenses, and timing to identify legitimate tax-saving opportunities — from pension contributions to R&D and capital allowances.

  • Do I need to register for VAT – and when is it beneficial to do so?

    You must register once turnover hits £90,000 (2025/26 threshold). But in some cases, it’s worth registering earlier, we’ll run the numbers and advise you.

  • What are the tax implications of taking money out of my company?

    It depends whether it’s salary, dividends, or a director’s loan. We’ll show you the most efficient way and make sure you stay compliant.

  • Can I claim my car, phone, or home office through the business?

    Yes, in most cases, but it depends how they’re used. We’ll help you claim what’s fair and avoid common HMRC pitfalls.

  • Do I need to run payroll if it’s just me as a director?

    Yes, if you take a salary. Even if it’s just £1, it needs reporting to HMRC. We can automate the process so you never have to think about it.

  • How do staff pensions and auto-enrolment work?

    If you employ anyone, you must offer a workplace pension. We’ll set it up, run submissions, and ensure your business meets all legal requirements.

  • What happens if I pay staff or directors irregularly?

    We can handle flexible pay runs. Xero Payroll allows variable payments while keeping tax and NI right every time.

  • Can you handle payroll, CIS, and pension submissions for me?

    Yes. We manage everything: payroll, Construction Industry Scheme, and pension submissions, so your team gets paid and you stay compliant.

  • Do you offer business support?

    Yes. Our Business Health Check and Accountability Programme help owners understand where their business stands today and what needs to happen next to grow.

  • Can you help me make my business less dependent on me?

    That’s one of our core goals. We design systems, reporting, and processes that allow your business to run smoothly, even when you’re not there.

  • What software stack do you recommend?

    We’re a Xero-only practice, integrated with tools like Apron, and Syft to streamline your finances and give real-time visibility.