Common questions with answers:

Why do I need an accountant?
With the complexity of the UK tax regime, a qualified accountant will be able to advise on the most tax-effective way to minimise your potential tax liabilities.

I'm a sole trader - what is my next step in  dealing with H.M.R.C?
It's essential that the H.M.R.C. are informed of your Business activities within three months of the start of trading. If this is not followed there are automatic penalties imposed by the Inland Revenue.

I have recently formed a Limited Company. When do I have to file my first period of accounts to Companies House?
The first period of accounts must be filed within 22 months of the date of incorporation of the company. From 6th April 2008, accounts commencing on or after this date - the deadline is reduced to 21 months.

I'm not sure when my self-assessment return has to be filed with H.M.R.C.
Your return must be filed with the Inland Revenue no later than 31st January in the year following the relevant tax year, ifiling on-line. The deadline for hand written returns is 31st October in the same year.

I have just started a new business and wonder if there are any grants or financial support available?
As a small business specialist, I can advise you of at least four different grants available for new businesses in this area.

for further information and advice, do contact us.

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