Frequently asked questions
No question is ever too silly to ask, especially in the world of finance. Below are some of the most commonly asked questions we get, so we help you find them useful.
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Yes, even small businesses can benefit from an accountant’s services. They can help with taxes, bookkeeping, and business planning, which frees up your time to focus more on your actual business.
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You can file your taxes on your own, but it can be risky and a bit more expensive if you're not familiar with tax laws. An accountant ensures you file accurately and on time, helping you avoid penalties and making savings you may have been unaware of.
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An accountant helps improve your tax efficiency, ensuring you claim all available deductions. They also keep your finances organised, preventing costly mistakes. They also help give you a clear idea of your cash flow so you can make informed financial decisions.
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Self-employed individuals can benefit from an accountant, especially when it comes to managing expenses, filing taxes, and ensuring compliance with HMRC requirements.
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You Count Accountancy provides a wide range of services, including bookkeeping, tax preparation, payroll management, financial reporting, and much more. Click the link to find out more about all the services I offer.
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We specialise in helping small businesses streamline their finances and put in place procedures to manage finances. From handling tax filings to providing clear and consistent financial reporting, we ensure your financial operations run smoothly.
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Yes, we have experience working with businesses at all stages of growth and I can support your expansion with expert financial planning, compliance, and tax strategy.
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Absolutely, we offer flexible remote services, so no matter where you’re based, we can work with you to meet your accounting needs.
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We have worked with many different types of accounting software but the one we usually recommend is QuickBooks, the main reason is simply because it’s more user friendly to those with no accounting experience.
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All sales and income, all business expenses, VAT records if registered, PAYE records if you employ people.
Types of proof
All receipts for goods and stock, Bank statements, Sales Invoices/Till Rolls/Bank slips
WHY YOU KEEP RECORDS
A. you do not need to send your records in when you submit your tax return, but you need to keep them so you can:
B. work out your profit or loss for your tax return
C. show them to HM Revenue and Customs (HMRC) if asked
D. you must make sure your records are accurate
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We’re always happy to take a call for advice free of charge but we also recommend the following website:
Get in touch today
Get in touch today and let’s schedule a call to see how we can help you with the finances of your business