FAQs

If you are filing your self-assessment tax return online, you must click that submit button by 11.59 pm on 31st January, each year. We are often asked’ Can I submit my self-assessment on 31st January?’ Whilst the answer is, ‘Yes, you can’, it isn’t something we’d recommend. Understandably, HMRCs portal can become overloaded; should that happen, HMRC will not accept this as a reason for late payment as you can submit many months before the deadline. In fact, you can create and file your accounts immediately after the tax year finishes almost 9 months before HMRCs self-assessment deadline.

Our qualified chartered accountants work with businesses of all sizes; fledgling startups, SMEs, and owner-managed businesses. Our certified team offer a range of specialisms from their many years of experience. This includes the construction industry, advising you on your CIS return, and helping charities to maximise their income. Our specialist dental accountants ensure you strategically meet your aims for your practice or franchise, whilst our property accountants drive efficiencies relating to the tax on rental properties. Tell us more about you; we will tailor your service, matching the specific skills of our team, with the individual needs of your business, helping you to reach your business growth goals faster.

It is always better to be early, than late, especially as HMRC fines for late payment rise steeply straight after the deadline – You’ve worked hard for that money, it would be daft to waste it. If you have completed your online registration for self-assessment, but you have missed the deadline, you will be charged a late filing fee of £100 for the first three months, but you have to pay more still if you exceed this period – or if you file your accounts, but pay your tax late. What’s more, you are also charged interest on your late payment. In short, it is best to pay on time. If you are concerned that you might be facing a fine for missing HMRCs tax deadline, chat with a member of our friendly team.

When you are just starting out, you might feel that you need to find an accountant as you approach the end of your first year – and it is a great idea to get professional advice, so you know you are doing all you need to remain compliant. Naturally, you’ll wonder how much you need to pay for our services. We offer affordable business accounting with a range of flexible payment options, no matter how big or small your company is. Our accountancy services are all tailored to the needs of your specific business, so you only pay for what you need. Your business is like no other; it is unique, and therefore there is no such thing as a ‘one size fits all’ standard package here. We only supply the services you need and nothing that you don’t – saving you money.

In the UK, there is no legal requirement for Limited Companies to use an accountant, but it can be highly beneficial and valuable to your business overall. Your certified professional accountants will take the time to explain all you need to know when it comes to minimising your tax liability - from paying yourself in the most tax-efficient way, helping you ascertain which are allowable business expenses, (and which aren’t), to advising you on when you should purchase capital assets and filing your corporation tax correctly.

As advised by HMRC, a company must register for VAT when your total turnover within your last 12 months exceeds £90,000, or if you expect your taxable turnover to exceed this VAT Threshold in the next 30 days. However, depending on the size of the companies that you do business with, you might be in a position to save thousands of pounds per year through early VAT registration – even if you aren’t likely to reach the VAT threshold yourself for a while yet. Our knowledgeable tax experts will happily chat and clarify how this might benefit your business in more detail – give us a call and we’ll be able to advise on your individual circumstances.

We love nothing more than meeting and getting to know local business owners, just like you. If you are based in the East Midlands and are looking for an accountant in Nottingham, you might want to drop by our Gedling office. If you are a little further afield, and a video call is best, we offer a free, no-obligation consultation, either in-person or via Zoom. Tell us more about you; we listen, and get to know the nuances of your business, offering strategic guidance to help you stay ahead of the curve – and your competition. As well as helping us tailor your services, it also means that we can provide an accurate, fixed-price quotation, centred around the demands of your business. No jargon. No Fuss. No fee.

We are proudly independent. Unlike your big four accounting firms, our partner-led practice means that we can deliver a highly personalised service and affordable, fixed pricing. We want you to be comfortable to call us whenever you need to. That’s why we never charge you for a quick 10-minute phone call – it’s no biggy, and at the end of the day, if it helps you, we're good with that. Not wishing to blow our own trumpet, but we believe that it is this, along with our approachability that ensures we consistently receive 5-star client reviews from our long-term collaborative partnerships.

You’re bound to have heard the term ‘Making Tax Digital’ by now, but you might be in need of a little clarity - let’s tell you a little more. Making Tax Digital or MTD for short, is a UK Government initiative designed to increase the speed and efficiency of self-assessment for HMRC. Businesses will need to switch to digital accounting before the 2027 deadline, so they manage their tax records and submit their tax and VAT returns via their accounting software, such as QuickBooks, Xero or FreeAgent. So, who will need to comply with Making Tax Digital? By April 2027, anyone who is self-employed earning or with a rental income of more than £30,000 per annum will need to meet the requirements of the new regulations. Accounts will need to be filed digitally, submitting these on a quarterly basis; in addition to the submission of your end-of-year annual accounts. However, in 2022, Making Tax Digital was expanded and now includes all VAT-registered businesses. Therefore, regardless of turnover, these organisations must submit VAT returns digitally. If you are an individual registered for self-assessment tax returns, you will need to comply with the Making Tax Digital for Income Tax at the start of the 2026 tax year; 6 April 2026. Whilst this heralds quite the change for owner-operated businesses in the UK, it does bring with it a host of benefits for the self-employed, including greater accuracy and faster tax return submission.

Many business owners are so daunted by the process of switching accountants, that they put it off (and off) thinking that it demands time and energy that they just don’t have, so, they continue to pay for a service that no longer meets their needs. We handle all that for you. Our switching service is quick and easy. Once notified, we can liaise with your previous accounting partner, sourcing all the information we need. Promising a seamless transition, we make the entire process efficient and hassle-free. Chat with one of our chartered accountants about our switching service.

Helping you spread the cost of your accountancy services throughout the year, we are happy to tailor your payment plan, as well as the solutions we provide. We can invoice monthly, quarterly or annually – whatever works best for you. All of our fees are quoted upfront and are on a fixed-price basis – it is always better to know exactly where you stand, isn’t it?