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Who needs a Chartered Accountant? Big businesses?
People with millions of pounds to invest?
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Yes, they all need Chartered Accountants. But so do people like
you. For every Chartered Accountant who specialises in the affairs
of the very rich there are dozens who deal with the tax returns,
business accounts, and financial decisions of the people in their
locality.
Why a Chartered Accountant?
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Chartered Accountants have come through a rigorous regime of training
and examinations, and have wider practical experience which they
use for the benefit of their clients. They are the general practitioners
of the financial world, with the expert knowledge and integrity
to give you high quality advice on any aspect of your financial
affairs.
What does self assessment mean?
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Self assessment means that it is your responsibility as a taxpayer
to complete your own assessment of your income and gains liable
to tax, by completing a tax return.
Why should I use a Chartered Accountant to help
me complete my tax return?
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The complexity of our tax system means that it very difficult to
understand what is going on. By sending your tax return directly
to a Chartered Accountant, he or she will inform you of the records
needed to complete the forms. When the return is complete it will
be sent to you for checking and signing. This is far simpler than
wading through all the paper work, only to miss deadlines for submission
and be penalised.
The local VAT office has contacted me, saying
that they would like to come and inspect my records? What should
I do?
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A Chartered Accountant can help you deal with the enquiries from
the tax authorities. Chartered Accountants work to a high ethical
standard and will not help you conceal inaccuracies in your tax
returns. However, they can prevent you from making mistakes in the
first place, and they can argue your corner when a tax official
has unfounded suspicions about your account.
How can I finance the expansion of my firm? Should
I approach my bank?
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of all the local branches and can tell you which are helpful and which
should be avoided. Your Chartered Accountant may be able to help you
claim grants or cheap loans, dependent on the type of business you
are in or where it is located. Each stage of the development of your
business may be new to you but your Chartered Accountant will have
seen it many times before.
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