These are a few of the more common questions we get asked by prospective clients considering using our services…
A: Your self-assessment tax return must be filed before 31st January following the end of a tax year to avoid penalties and fines. For example a 2012 tax return must be submitted by 31st January 2013. We recommend completing your tax return well in advance of this date so that we can examine and discuss any planning issues with you.
A: Company accounts are due to be filed at Companies House nine months after the end of your financial year. Any corporation tax due is payable nine months and a day after the end of your financial year.
A: We’re not in the business of providing low quotes just to get your business for the first year and then raising the fees. We want you as a long term client who trusts us to do what we say we will do. We quote what we anticipate to be a fair fee for the value provided and would only anticipate normal inflationary increases if the work stays the same. Very occasionally there may be reasons why the amount of work involved exceeded what was expected but we would sit down and discuss these with you. In some cases, where it is clear exactly what work is involved we can guarantee the fee for more than one year.
A: When’s good for you? Let us know and we’ll do our utmost to help. If you need to see somebody urgently, we’re always out and about and can arrange to see you very quickly.
A: Yes. It often helps to see your business, books and records, etc at first hand and we are always happy to invest our time without charge to show you what we can do. Of course, if you prefer to visit us, that’s fine too.
A: We can’t over emphasise the importance of tax planning at an early stage, not crisis driven advice. Ideally you do tax planning before the year even starts but after that, the earlier the better. The same is applicable to all areas of advice and we are about helping you change the future, not just reporting what has already happened.
A: No! We offer fixed fees linked to the value of what we provide. We’re not always the cheapest and as with many things in life the cheapest is often the most expensive in the long run. However, we are not expensive and we offer excellent value for what we provide. Most importantly we never undertake work without agreeing the fee arrangements in advance so you always know where you stand.
A: If your existing accountant is offering you an excellent pro-active service at a fair fee then stick with them. However, different accountants will save you different amounts of tax and provide different levels of business advice. If your present accountant doesn’t offer the type of service you want and that we do offer, then changing over to us is very easy. It involves just one letter from you and we take care of everything else for you. Your existing accountant is not usually allowed to charge you for providing the normal handover information.
A: Ideally, a very brief review of your books and records to be able to get a feel for the amount of work involved. In addition a copy of your last financial accounts prepared by your present accountant helps to quickly get an overview of your situation and give relevant advice. If there’s anything you need help on and it may be relevant, try to have it available.
A: You can ask any questions you want to get the advice you need. Wherever possible you’ll get the answers you need there and then. Often from a review of your last prepared annual accounts, we will be able to spot some key planning considerations to discuss with you and get an understanding of your business to help bounce around any business ideas.