Please have a read through our Frequently Asked Questions. The answer you’re looking for might just be here!
he Accounting Factory is governed by the ACCA, the global body for accountants. This ensures that we follow a prescribed regulatory framework, follow ethical guidelines and work to the required standards. We have also worked in businesses of all sizes and so appreciate your issues.
Charges vary depending on the scale of your business. Where we are entering transactions and reconciling your bank account the first 25 transactions each month are always free.
Yes and there will be no transaction charges
Yes. The Accounting Factory are certified partners with Xero, Quickbooks and WorkflowMax and we can help you. We also provide free support to clients.
Yes. This is straightforward. Normally we do not charge for this work.
We need to review your business with you to identify whether this will be possible. But we have helped a number of businesses in the past.
We keep in touch with business clients as we need to issue management accounts. All clients receive a monthly newsletter. We are planning to hold surgeries, webinars and client events in the near future.
During office hours, we aim to respond within 2 hours.
You definitely need a plan which focuses on the things that underpin your success. Businesses will generally succeed where constraints and opportunities have been researched and recognised and where this is put into a financial plan. Investors will often demand this information. As a client of The Accounting Factory we will assist you in writing your plan.
HMRC have been given powers to investigate situations where they feel that tax may have been underpaid. The Accounting Factory aims to ensure that clients pay the correct amount of tax and that appropriate records are kept in the event of an investigation. Most clients of The Accounting Factory are insured against the fees involved should an investigation take place. Along with this clients get free telephone support which covers employment law and health and safety.
You must register when your turnover reaches an annual threshold. However, it may be beneficial to register, even if you are below this threshold. We will be happy to discuss this with you.
There are pros and cons. There can be significant benefits in running through a company. We need to discuss your particular circumstances.
This depends on how you run your business. If you are a sole trader or partnership your tax will normally be due in 2 instalments. If you are a small company your tax is due 9 months after your year end.
We charge all clients monthly as it eases cash flow, avoids nasty surprises and business owners generally prefer it.