Frequently Ask Questions.
Here are some of the questions that we are asked most frequently
As a small business owner, seeking the assistance of a Small Business Accountant can allow you to focus on the essential aspects of your business while leaving the financial details to the professionals.
An accounting firm can make the process more streamlined and efficient, ultimately saving you time and money while also allowing you to concentrate on growing your business.
Similarly, as an individual, an accounting firm can simplify the process of navigating financial regulations and tax codes, making it easier for you to handle your taxes.
The cost for our services will vary based on the specific needs of your business and the services you require.
The size of your business and your accounting needs will also play a role in determining the cost. However, we can assure you that our services are cost-effective, regardless of your specific needs.
The process of transferring paperwork and information, including obtaining discharge approval from one accountant to another, will depend on your specific requirements and location.
Clearance letters can be sent through both email and postal mail, however, sending them via email is typically more efficient and faster than mailing physical documents.
No, we do not offer hourly billing. Our services are provided using fixed fees that are established prior to the start of the work.
You can discuss our prices for services such as company accounts and tax returns with us, and we prefer to agree upon these fees in advance before any work begins.
Yes, we are able to handle all aspects of your accounting needs, including bookkeeping, payroll, VAT returns, and year-end compliance.
Additionally, we can provide management accounts and business consultancy services as per your requirements.
Small business owners often struggle with separating their business and personal finances, which can lead to many problems. This can make it difficult to track the profitability of your company, and it can also lead to major concerns at tax time. In addition, it increases the risk of an audit by the IRS, which can result in significant fines. To avoid these issues, it's essential to separate your business and personal finances. Some ways to do this include:
- Opening a separate business bank account
- Obtaining a business credit card
- Utilizing accounting software
- Paying yourself a salary
- Keeping separate records and receipts By taking these steps, you can reduce the risk of financial problems and ensure that your business has a sustainable model.
How it works
Need more help?
If you need any assistance or have a specific question to ask, don’t hesitate to contact us. We’re happy to help.
We provide expert advice for all size businesses.
We understand that accountancy isn’t a one size fits all. That’s why we provide a service that’s a custom fit for you.