FAQ
Your accounting and tax questions, answered.
Straight answers about fees, deadlines and how we work.
FAQ
Working with AccountsTech.
Do you only work with businesses in West Drayton?
No. We are based in West Drayton and regularly help clients in Hayes, Hounslow, Heathrow and Uxbridge, but we work online with sole traders and limited companies across the UK.
How much does an accountant cost?
We agree a fixed monthly or annual fee up front, based on your business type, transaction volume and the services you need, so there are no surprise bills.
Can you take over from my current accountant?
Yes. Once you appoint us we contact your previous accountant for professional clearance and handle the handover, including HMRC agent authorisation.
Are you ready for Making Tax Digital?
Yes. We file VAT returns through MTD compatible software and can help sole traders and landlords prepare for Making Tax Digital for Income Tax.
Do you offer a free consultation?
Yes. Your first consultation is free and without obligation, by phone, video call or in person.
Are you a licensed accountant?
AccountsTech Solutions is an AAT Licensed Accountant practice, so you work with a qualified professional.
Bookkeeping
Bookkeeping questions.
How often will you update my books?
Most clients choose monthly bookkeeping. Smaller businesses can choose quarterly, timed around VAT returns. More about Bookkeeping.
Which software do you use?
We work with popular Making Tax Digital compatible cloud packages and will recommend the right one for your size and budget. More about Bookkeeping.
Can you catch up on old records?
Yes. We regularly bring overdue books up to date before preparing tax returns or accounts. More about Bookkeeping.
VAT Returns
VAT Returns questions.
When is my VAT return due?
Usually one calendar month and seven days after the end of each VAT period, which is also when payment is due. More about VAT Returns.
Do I have to register for VAT?
You must register once your VAT taxable turnover goes over the current HMRC threshold. You can also register voluntarily, and we will advise whether that benefits you. More about VAT Returns.
Are you Making Tax Digital ready?
Yes. All VAT returns we file are submitted through MTD compatible software. More about VAT Returns.
Self Assessment
Self Assessment questions.
What is the Self Assessment deadline?
Online returns and any balancing payment are due by 31 January after the end of the tax year. A second payment on account is due by 31 July. More about Self Assessment.
What do I need to send you?
Your UTR, income records, expenses, P60 or P45 if employed, rental statements and details of pension or gift aid payments. We send you a checklist. More about Self Assessment.
Can you help with a late return?
Yes. We can file overdue returns and help you deal with any HMRC penalties. More about Self Assessment.
Corporation Tax (CT600)
Corporation Tax (CT600) questions.
When is Corporation Tax due?
For most small companies, payment is due 9 months and 1 day after the end of the accounting period, and the CT600 return is due within 12 months. More about Corporation Tax (CT600).
Do I need to file if my company made no profit?
Yes. A dormant or loss-making company that has received a notice to file must still submit a return. More about Corporation Tax (CT600).
Can you take over from my current accountant?
Yes. We handle the professional clearance and HMRC agent authorisation for you. More about Corporation Tax (CT600).
Payroll & RTI
Payroll & RTI questions.
When is PAYE paid to HMRC?
PAYE and National Insurance are usually due by the 22nd of the following month if you pay electronically. More about Payroll & RTI.
Do you handle workplace pensions?
Yes. We assess staff, enrol them and report contributions to your pension provider. More about Payroll & RTI.
Can I switch payroll mid-year?
Yes. We take over from your current provider using your year-to-date figures. More about Payroll & RTI.
CIS Returns
CIS Returns questions.
When is the CIS return due?
Monthly CIS returns are due by the 19th of each month, covering the previous tax month. More about CIS Returns.
Can I get my CIS deductions back?
Often yes. Deductions count towards your tax bill, and any overpayment can be refunded after your return is filed. More about CIS Returns.
Do I need to file a nil return?
If you have not paid any subcontractors in a month you should tell HMRC, otherwise penalties can apply. More about CIS Returns.
Year-End Company Accounts
Year-End Company Accounts questions.
When are company accounts due?
For a private company, accounts are usually due at Companies House 9 months after the end of the financial year. More about Year-End Company Accounts.
Do you file the confirmation statement too?
Yes. We can file it each year and keep your company records up to date. More about Year-End Company Accounts.
What if my accounts are already late?
Contact us straight away. We can prioritise the work to limit any penalties. More about Year-End Company Accounts.
Company Formation
Company Formation questions.
How long does it take to form a company?
Companies House usually incorporates a company within a day or two of a complete application. More about Company Formation.
Should I be a sole trader or a limited company?
It depends on your profits, plans and risk. We run the numbers so you can decide with confidence. More about Company Formation.
What happens after incorporation?
We register the company for the right taxes and set up your records so you are compliant from day one. More about Company Formation.
Key UK tax dates
Never miss an HMRC deadline again.
Self Assessment
Online return deadline and balancing payment, plus the first payment on account.
Tax year end
The UK tax year closes. A good time to use allowances and pension contributions.
Payment on account
Second payment on account for Self Assessment taxpayers.
CIS returns
CIS returns due; PAYE payments due by the 22nd if paid electronically.
VAT returns
After each VAT period ends, the return and payment are due.
Corporation Tax
Payment due after the company year end; the CT600 is due within 12 months.
Ready for stress-free accounts?
Book a free, no-obligation consultation today.