Frequently Asked Questions
Who do you help?
We provide services to personal taxpayers, self-employed individuals, partnerships, company directors and property landlords. Our services are tailored to you and your needs.
Can you show me how to maintain all my accounting records?
Yes, we would be happy to devise an accounting system that suits your business needs. This may be a simple excel spreadsheet or a more formalised accounting package such as Xero (online accounting software).
I am looking for a price, what are your fees?
In order to provide you with a quotation, we can arrange a free, no obligation, consultation with you to discuss your individual needs so that you only pay for the level of support that you require. This allows us to best understand your needs and provide a tailored quotation for you.
Should I set up as a sole trader or as a limited company?
Broadly, running your business as a sole trader is more straight forward, easier to set up and cheaper but has the disadvantages of risking your personal assets and can be less tax efficient. Each case differs and we would recommend that we have a chat to see the option that is best for you and your business.
I am very busy during the working week - can you be contacted during evenings and weekends?
Yes. We know that getting a spare minute during the working week can be really challenging. We’re happy to work at times to suit you at your offices or ours.
How do I switch accountants?
We make switching to Connect Accountancy as easy as possible and it is easier to switch than you may think. We can make this much easier for you by contacting your current accountant to inform them of your wish to leave and request your files and records are sent to us so we can begin working for you.
What kind of accounts and records must a limited company maintain?
All companies are required by law to keep a full record of income, expenditure, assets and liabilities. These records must be kept safe as they will assist you and your accountant when submitting the company’s annual accounts.