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Frequently Asked Questions

We receive a lot of familiar questions from our clients and we’ve done our best to list them here (along with the respective answers of course!)

Please have a read through. If your question is not answered below then don’t hesitate to get in touch via the Contact page.

I’ve been caught out by “fixed fees” before, what will I be charged?
Our fixed fee pricing structure is agreed during our engagement process and it details all the work we will do for you or your business. Everything that we do falls within this agreement is included in the fixed fee quote we issue you with.

How much should I be taking out of my business?
The most basic way to look at this is to see what’s left over after paying your staff, overheads, suppliers, shareholders and other expenses. But then you must factor in if you want to re-invest any of this leftover amount into the business and the tax consequence of how any amount is taken. Our senior accountants are available to discuss your options.

Should I be a limited company or stay as I am?
There is no easy answer to this question, it requires an in-depth analysis of a business, the projected growth, the commercial risk and the personal preferences of the business owner. We can guide you through the incorporation process and help you decide on the best route for the business.

At what point, should I become VAT registered?
If a business has a turnover of VAT taxable goods and services supplied within the UK for the previous 12 months is more than the current registration threshold of £83,000, or you expect it to go over that figure in the next 30 days alone, you must register for VAT. However, some businesses may benefit from voluntary registration even if the turnover is below the threshold. Contact us to discuss this and to find out if voluntary registration is the right move for your business…