FAQs
FAQs
A small business accountant can help with much more than preparing your accounts and tax returns. Services can include bookkeeping, annual accounts, Self Assessment, Corporation Tax, VAT returns and payroll, as well as management accounts, cashflow forecasting, budgeting and financial planning.
The right level of support will depend on your business and what you need help with.
We recommend working with an accountant from the start of your business.
Getting your finances set up correctly from the beginning can help you stay organised, meet your tax and reporting obligations, and have a clear picture of how your business is performing.
An accountant can help you understand the numbers behind your business and use them to make better decisions.
This can include looking at profitability, tracking key performance indicators, forecasting cashflow, setting budgets and modelling different scenarios. Having accurate and useful financial information can make it easier to plan for growth and understand the financial impact of your decisions.
There isn’t a single price because the cost depends on the size of your business, how complex your finances are and the level of support you need.
Some businesses only need help with their annual accounts and tax, while others benefit from ongoing bookkeeping, VAT, payroll, management accounts and financial advice.
There are three levels of support available, so you can choose a service that matches the needs of your business.
Having professional support can save you time and take away some of the stress of managing your finances.
An accountant can help with bookkeeping and Self Assessment, as well as helping you understand your profitability, cashflow and overall business performance.
Bookkeeping is the day-to-day recording and organising of your financial transactions, such as sales, purchases and expenses.
Accounting uses that information to prepare accounts, deal with tax and compliance, and help you understand how your business is performing.
Good bookkeeping provides the reliable financial information needed to make useful accounting decisions.
Yes. Self Assessment tax returns can be prepared and submitted for sole traders and individuals.
This includes reviewing your income and allowable expenses and making sure the information is reported correctly and submitted by the relevant deadline.
Yes. VAT returns can be prepared and submitted on your behalf, alongside the bookkeeping needed to keep your VAT records accurate and up to date.
You can also get support with understanding your VAT obligations and keeping on top of relevant deadlines.
Yes. Payroll can be managed for both directors and employees.
This can include calculating pay and deductions, processing payroll and making the necessary submissions to HMRC, helping you keep your payroll accurate and up to date.
Management accounts give you a regular view of how your business is performing, rather than only looking at the numbers once a year.
They can show areas such as revenue, costs and profitability, along with useful commentary and KPIs. This helps you understand what is happening in your business and, more importantly, why.
Regular management accounts can give you the information you need to make decisions based on current financial performance.
Cashflow forecasting helps you see how much money is expected to come into and leave your business over a future period.
It can help you plan for upcoming expenses, identify potential cashflow pressures and understand when you may have additional funds available.
For more established businesses, longer-term cashflow and scenario modelling can also be used to consider different business decisions and their potential financial impact.
Yes. Budgets and financial forecasts can help you plan ahead and set realistic financial targets for your business.
Forecasting can also help you compare your expected performance with what is actually happening, allowing you to identify changes early and adjust your plans where necessary.
For businesses making larger or more complex decisions, financial modelling can be used to explore different scenarios.
Yes. Support is available for start-ups and newly formed businesses as well as established businesses.
The Financial Foundations package is designed for start-ups and small businesses that want their bookkeeping, accounts and compliance handled correctly and on time.
As your business grows, additional support can be added around management accounts, KPIs, cashflow forecasting and strategic financial planning.
Yes. Your accounts can tell you how much profit your business has made, but regular financial reporting can help you understand what is driving that profit.
Looking at revenue, costs, margins, KPIs and trends can highlight which areas of your business are performing well and where there may be opportunities to improve profitability.
For businesses requiring more detailed analysis, financial modelling and profit optimisation can provide a deeper understanding of different options and their potential impact.
Yes. Accounting services are provided remotely to limited companies and sole traders across Northamptonshire.
Services include bookkeeping, annual accounts, tax returns, Corporation Tax, VAT, payroll, management accounts, KPI reporting, cashflow forecasting, budgeting and financial modelling.
Working remotely means you can access professional accounting and financial support without needing to be based in an office.