Frequently Asked Questions
Our first meeting is always free and no time limit is placed on it. It is important we spend as long as it takes with each other to make sure we fully understand your requirements and what we have to offer. Subsequent meetings are free of charge once you become a client.
Please do not worry, changing accountants is easier than you think. We will prepare a letter for you to send to your current accountant informing them you wish to leave. We then take over all the responsibilities of contacting and requesting all the information and setting you up on our systems, including arranging to become your agent with HM Revenue & Customs. Your existing accountant is not usually allowed to charge you for preparing handover information to us.
If all you need is your books drawn up, accounts prepared and submitted, we will be happy to help, but there is more:
- We will understand every aspect of your business and provide proactive support
- Interpret the figures in your business in simple terms
- Offer advice and find solutions to funding
- Be on the end of the phone whenever you need someone to discuss an issue
- Be on your side in negotiations
As a simple answer no! We offer fixed fees for our services, in relation to the value that we provide. We are not always the cheapest, but as with everything in life, the cheapest can be much more expensive in the long run. We offer excellent value for money. Most importantly, we always agree fees in advance so you always know where you stand.
When deciding which trading engine to use when starting a business, can be different depending on the situation. Some people may choose a limited company to add weight behind the company name, some individuals may prepare to remain a sole trader as they currently do not earn enough to take advantage of the added tax efficiencies.
ADVANTAGES OF A LIMITED COMPANY:
- Limited liability
- Better exit strategy
- Preferred by investors
- Added employability
ADVANTAGES OF A SOLE TRADER:
- Less legislation to comply with
- Easy to set-up
- Simple Accounts structure
We do not provide low quotes to get your business for the 1st year and then raise our fees in year two. We want you as a long term client who trusts us to do what they say they will do. We provide fixed fees, payable in equal instalments by direct debit based on a fair fee for the value provided and would only anticipate normal inflationary increases if the requirements stay the same. On occasions, there may be reasons why the amount of work involved exceeded what is expected. In this situation we would meet with you and discuss the best way to deal with the additional work.