Advice
"It does not make sense to hire smart people and tell them what to do;
we hire smart people so they can tell us what to do."
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Steve Jobs, Former Co-founder, Chairman, and CEO of Apple Inc.
VF Accountants provide Accounting & Tax Advice as and when required.
Please note that we are not covered to provide Inheritance Tax or personal pension advice.
FREQUENTLY ASKED QUESTIONS (FAQ) ABOUT ADVICE
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I don't know where to start
That is why VF Accountants are here to guide you every step of the way.
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I am scared to ask silly questions
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"You don't know what you don't know." At VF Accountants, we don't mind answering any of your questions. We appreciate that by getting answers to your questions, you will be more informed, have peace of mind and be relieved.
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How often are there tax changes?
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Tax used to change only once a year during Budget time. However, taxes are constantly changing even several times every month such as The Coronavirus Job Retention Scheme (CJRS). They are becoming more and more complex.
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When should I find VF Accountants?
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It is in your best interest to get in touch with VF Accountants prior to making any big financial decisions whether for your business or personal. Making the wrong decisions can be costly.
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​Timing is of the essence as there may be deadlines by which actions need to be undertaken.
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You may also have various issues that VF Accountants can assist you to resolve.
How can VF Accountants help me with my business?
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VF Accountants can help you:
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look at the best structure for your business; whether it would be in your advantage to be self-employed or set up as a limited company.
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see where improvements and efficiencies can be made.
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expand your business.
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report your benefits in kind (P11D and P11D(b) forms) to HMRC.
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by providing you with other services not covered elsewhere such as chasing HMRC, Companies House or other third parties on your behalf.
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by giving you advice on Director's Loan Account or other loans.
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by forecasting your income and expenses to see if Dividends can be taken and providing you with board minutes and Dividend vouchers.
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monitor your Cashflow, that is, movement of money. Any issues can be quickly highlighted and dealt with. Cashflow has become more important than ever during Coronavirus (also known as COVID-19) Pandemic.
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in understanding some accounting or tax terms and treatments.
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by getting in touch with you if we find that you are not complying with the law.
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complete Accountant's Certificate, for example, for your mortgage application.
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This list is not exhaustible as it is not possible to predict all the different types of advice you might require.
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How can VF Accountants help me with my personal finances?
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VF Accountants can help you with your personal tax and auto-enrolment pension. We can also advise you on the effect of changes in your salary or job on your personal finances.
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How often should I contact VF Accountants?
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It all depends on the type of work required by you. If there are changes in your circumstances or there are various deadlines to be met, then we will need to keep in touch more often. Otherwise, it may be once a year, for example, if you only require a personal tax return to be completed.
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Are a few hours spent re-organising your finances worth giving up for a lifetime of success?
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Yes, absolutely.
FREQUENTLY ASKED QUESTIONS (FAQ) ON CJRS
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What is CJRS?
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CJRS stands for Coronavirus Job Retention Scheme. The UK Government announced this mechanism on Friday 20 March 2020, effective from 1 March 2020. It is to allow Employers to continue paying part of their Employees' salaries to avoid redundancies and to access financial support. This Scheme arose as a result of business operations being severely affected by the Coronavirus Pandemic (also known as COVID-19).
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Under CJRS, Employees must not work for that business to be considered to be furloughed.
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What is CJRS Grant?
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VF Accountants can assist Employers to claim some money back from HMRC on such furloughed Employees.
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How do you calculate Furloughed Employees pay and CJRS Grant?
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There are numerous factors to take into account depending on your circumstances. It would be best if you get in touch with us.