In England most of self-employed people or directors of Ltd companies using advice and services of the accountant. Do you know that one does not have to have relevant qualifications to call themselves accountant or that you, as a client, are responsible for the returns and information sent to HMRC.
What to do to protect yourself from mistakes and potential financial penalties?
You should use the services of qualified accountant!
1. Qualified accountant is registered with professional bodies and bound by the codes and regulations as well as disciplinary procedures and monitoring. This way you always know who to contact if the circumstances require it.
2. Qualified accountant has relevant qualifications and knowledge and uses them to give you the best and reliable advice. You will know that you are in good hands and your finances are always a priority.
3. The best is to use qualified accountant who had knowledge of the specific field or industry as rules differ from one industry to another.
4. Qualified accountant is obliged to undertake continues professional development and keep up to date with current changes. You know that services provided are always to the best standards and the most accurate.
5. Qualified accountant will provide services on time and will inform you about any further actions to be taken and any obligations. You will avoid unnecessary problems, worries and potential financial consequences.
Obviously, it is your choice.
Need help?
Need an accountant? Call me now!
Similar articles:
Deadline to submit your tax return to HMRC is near
Deadline for self-assessment tax return (SATR) for the year 2019-2020 is 31 January 2021. Anyone who is self-employed, regardless of making profit or a loss, has to submit SATR to HMRC. Penalties if you don’t submit your return on time: From 01 February (even 1 day...
Christmas Party. Do you know accounting rules with regards to Xmas parties, what can be deducted?
Xmas party time is almost upon us. Obviously depending on the current situation due to the Coronavirus, you may want to invite your employees to the Xmas party; if allowed. It is an exceptionally good way to show your employees appreciation and to build a team spirit....
Grant extension for self-employed
The grant extension is for self-employed individuals who are currently eligible for the Self-Employment Income Support Scheme and are actively continuing to trade, but are facing reduced demand due to coronavirus (COVID-19). 1. Who can claim To be eligible for the...