Frequently Asked Questions
Why do I need an accountant?
An accountant’s job involves helping you comply with your firm’s reporting, record keeping, and income tax requirements, saving you time on this task, and being willing and able to offer advice and guidance on business matters, with an emphasis on finances. An advantageous accountant will do all your accounting and reporting correctly, submit it on time, every single time.
Are you Making Tax Digital ready?
Yes, we are. We are Making Tax Digital-compatible and use MTD-compliant software like Xero to complete submissions.
Making Tax Digital is an element of the UK government’s plan to make things easier for taxpayers. From now on, you will need to keep digital records and upload software for certain submissions.
At The Calculator Guy, we comply with Making Tax Digital for all of our clients.
How does it work if I have an existing accountant?
For your business’s accounting, you should always aim to obtain the services of an accountant equipped with the relevant skills and expertise to perform the service effectively.
With our industry-standard protocol of switching, accountants are called the Professional Clearance. You can switch accountants whenever you like or the need arises.
You can sign up at any point, and when it comes to getting you onboard, if you have an existing accountant we will contact them to request a copy of the latest filings they hold for your account. This process is normally quick, depending on your previous accountant’s response time, but it will not prevent us from meeting any of your upcoming deadlines if there are any.
What is the contract term – monthly or annual?
It is a month-to-month subscription. You can cancel our service at any time and will get a refund for any services not utilized, subject to a fee to cover administrative costs and professional advice.
Bookkeeping and VAT fees are charged in arrears in respect of the bookkeeping/VAT period just completed. If we have started the work we will finish it for you.
Do you work with Xero?
We are Xero specialists! We use Xero because it enables us to be extremely efficient at handling bookkeeping, provides superb reporting, a great deal of integration and also the very best coverage of banking institutions for automating your banking feeds.
It allows us to be very proficient at handling bookkeeping, delivers excellent reporting, a vast number of integration and the best coverage of banking institutions for automating your bank feeds.
How much advice is included?
Unlimited advice is included in our partnership with our Accounting service, and we are doing it because we efficiently want to make sure that you’re always able to access our help whenever needed and without having to worry about us fending off issues at the last minute. In the long-term, this allows us to save you both time and worry.
You can ask about any compliance point you like, and if it is a UK tax question we will be able to provide you a quick and clear answer (and for the majority of queries we will have received this query before). For non-accounting or non-UK tax questions we will do our best to provide a helpful answer and guide you to the right resource.
TCG is an approachable, personable and professionals, whom I can highly recommend. I needed help with an HMRC charge and wouldn’t have been able to do it without them. They are quick, efficient and very helpful. Will certainly use their services again.
Adil Vohra
Amazing accountant. Business acumen, an eye for detail and very approachable person. Genuinely interested in helping others with their queries. We have been working together for 3 years and it was and is smooth and easy ride !! I highly recommend his accounting practice !!