Frequently Asked Questions

Our fees vary depending on the complexity of your requirements. Self-assessment returns start from £150, small business accounts from £500, and limited company packages from £800. We provide transparent quotes with no hidden fees. Contact us for a free consultation and personalized quote.

Yes! We offer free initial consultations to discuss your accounting needs and how we can help. This allows us to understand your requirements and provide an accurate quote for our services. Call us on 01666 824466 to arrange your consultation.

We're based in Malmesbury and primarily serve businesses and individuals in Wiltshire and surrounding areas. However, with modern technology, we can work with clients across the UK for many of our services. Contact us to discuss your location and requirements.

The self-assessment deadline for online submissions is 31st January. Paper returns must be submitted by 31st October. We recommend submitting early to avoid any last-minute issues and to allow time for tax planning advice.

You need to complete a self-assessment if you're self-employed, a company director, have rental income, investment income over £10,000, or if HMRC has sent you a notice to file. If you're unsure, we can review your circumstances and advise you.

HMRC charges automatic penalties for late filing: £100 for up to 3 months late, then £10 per day (up to £900), plus 5% of tax due after 6 months and 12 months. Interest is also charged on unpaid tax. We can help you file as quickly as possible to minimize penalties.

Keep all records for at least 5 years after the 31st January deadline. This includes invoices, receipts, bank statements, payslips, P60s, dividend vouchers, and any other documents that support your tax return. Digital records are acceptable if they're accurate and complete.

You must register for VAT if your taxable turnover exceeds £85,000 in a 12-month period. You can also register voluntarily if your turnover is below this threshold. Registration must be completed within 30 days of crossing the threshold.

Making Tax Digital (MTD) requires VAT-registered businesses to keep digital records and submit VAT returns using compatible software. We can help you choose the right software and ensure compliance with MTD requirements.

The Flat Rate Scheme can simplify VAT calculations but isn't always the most cost-effective option. It depends on your business type, purchase levels, and turnover. We can calculate which VAT scheme works best for your specific circumstances.

Limited companies must file annual accounts with Companies House. However, we recommend monthly or quarterly management accounts to help you monitor performance, manage cash flow, and make informed business decisions throughout the year.

Sole traders are personally liable for business debts and pay income tax on profits. Limited companies are separate legal entities with limited liability, paying corporation tax on profits. The best structure depends on your circumstances, and we can advise on the most suitable option.

Yes, we provide comprehensive start-up support including business structure advice, company formation, accounting system setup, tax registration, and ongoing compliance support. We'll help you get your business off to the best possible start.