FAQ’s

A: Your Tax Assistant is a bookkeeping practice. We are certified and experienced in preparing and submitting final accounts for micro companies. In the case of more significant turnovers, we collaborate with accountants. We have helped numerous micro businesses across London.

A: We are based in Enfield, North London. However, we primarily work online, thanks to modern software that enables us to collaborate with clients who are geographically distant.

Because of the lower costs of running an online practice, we can offer you a better price for our services than the bigger providers.

A: You will have to provide details of your company registration, your previous bookkeeper/accountant, expenses, and income.

Once we start working together, you will be asked to provide information that is part of our Compliance Requirements.

A: Please fill out a contact form for an informal chat. Additionally, you can book an online assessment or consultation.

If you are self-employed and starting to trade, running a charity, or managing a micro-company, you may be looking for our comprehensive services.

If you are considering changing from your previous bookkeeper or accountant, we can facilitate that process for you. Feel free to drop us a line!

A: For the self-employed, we advise doing it early in the year (such as April-May for the following year's January submission), as we may be working at full capacity in the run-up and during the last-minute rush.

With digital quarterly tax submissions underway for the self-employed individuals earning over £50,000, it is absolutely paramount to contact us now if your income falls within this bracket.

A: The expenses that you are allowed to claim for Micro-Company tax filing are slightly different to those that can be claimed by individuals for the self-assessment filing. The full list of expenses can be downloaded on the main page.  When you file CT600, Modern Software populates certain tax-disallowable expenses from the Profit and Loss based on the information you provide. The rest you must deal with yourself. We are experienced and can assist you with this.

A: We offer very competitive choices to our clients, although we are aware that there may be cheaper options on the market, including offshore support.

That said, many clients have found us to be a wise decision, as choosing us among many providers can lead to significant savings!

We are:

Resourceful and innovative ✓

Equipped to assist small businesses. ✓

Personal Service vs. Automated Providers ✓

Xero and QuickBooks ProAdvisor ✓

100+ resolved problems and happy customers ✓

Efficient and trustworthy in handling sensitive information. ✓

Promote Eco values! ✓

Looking ahead to serve future generations ✓

A: We are qualified and experienced in managing Charity accounts. Our most requested service is the Independent Examination of Charity Accounts, along with bookkeeping and accounting specifically for Charities.

A: Although we worked with various sectors, such as self-employed online shop owners, the private education sector, environmental pioneers, developers, IT consultants, and construction and development managers, charitable organisations, to name just a few, we do not have any particular focus, and every sector is welcome.

 We crunch the figures, but we always want to get to know your business first to maximise your tax-allowable benefits, which are universal.

Therefore, it does not matter to us the industry you come from.

Rest assured, every one of our clients is treated individually, as we l do our due diligence.

A:‍  ‍ 1) Credentials and registration: - make sure they are qualified, insured and registered as a tax agent with HMRC (UK) if they prepare tax returns on your behalf and file.

HMRC registration as tax agents may not be necessary if they assist you only in tax preparation and filing. Ultimately, it’s you, as a company director or the self-employed, who declares your income, approves the accounts, and takes responsibility for their content.

‍ ‍ 2) How experienced are they, for example, in the preparation of the Self-Employed or Small to Medium Limited Company accounts?

‍ ‍ 3) If you need representation to HMRC, can they provide?

‍ 4) Do they follow the Professional Conduct of Engagement and adhere to AML Policies?

‍ ‍ 5) How dedicated, eager and knowledgeable are they? Do they continually develop (CPD)? Accountancy is a dynamic and ever-changing field.

Are they giving your business enough attention, or are they juggling many clients? You will see from their attitude over time and from how helpful and responsible they are. Could you call them your trusted advisor?

‍ ‍ 6) How is the Communication going with them at every stage? Are they open and transparent about the scope of their work, their pricing, and any limits on their work?

A good tax assistant lets you review the Tax return before you approve, explains the key positions taken, and is reachable after filing for questions or notices.

‍ ‍ 7) Do they have any reviews? Is their work regulated (ICB, ACA)?

‍ ‍ 8) How is my Data Protected? Do they share my information?

‍ ‍ 9) Do they provide you with their Credentials / Practice Licence / Registration as you ask? Or you can find out more about their work online (registered Body, website, etc)

‍ ‍ 10) Are they approachable and likeable so that you can develop a long-lasting business relationship?

A: Start by defining what you need (cleanup, moving to new software, VAT, etc.). Decide if you need a comprehensive bookkeeping package or some services.

Shortlist providers that meet your criteria and compare their pricing to your budget. See if they have any reviews or sample work.

Top providers appear in bookkeeping and software directories such as ICB, QuickBooks, or Xero, or post on LinkedIn.

Engage in the conversation with the few - please check: “What should I look for when choosing a tax advisor/ asssitant for my self-assessment returns?”

Sign up for their newsletter to help you decide whether you would like to work with them.

If their services are above your budget, see whether they can still meet your business's needs and if they are flexible.

If you think they are a good match but you are unsure about signing a contract, could they start working with you on a trial basis for a while?

Be responsive and compliant with their requirements, as they need your cooperation.

A: If you wish to focus on the financial side of the business without hiring a bookkeeper or accountant, there is always a route of training open for you. QuickBooks and Xero, official software providers, offer comprehensive training to become a Certified ProAdvisor.

If we work with you, we will show you around the software tailored to your business needs, without you having to attend courses.

A: • Save time and focus on running the business

‍ ‍ • By opting for outsorcing your bookkeeping for a monthly fee, you lower overheads and avoid paying full‑time salaries, NI & Pension contributions,,staff benefits and training.

Outsourcing often converts variable work into a predictable monthly fee.

‍ ‍ • Improved compliance and reduced penalty risk: - specialist providers keep up with filing rules, tax deadlines and reporting requirements.

‍ ‍ • Access to experienced running of the finance, tax planning: industry knowledge, technical skills etc that will keep your business afloat.

‍ ‍ • Better reporting, for your business, knowledge of cash‑flow ability to plan on the information flowing, peace of mind.