Can I ask an accountancy question relating to my accounts or tax without being billed for it?

Yes. You won't be billed for asking an accounts, tax or any question for that matter. Wilsdrof & Associates understand that you may want to check something relating to your business accounts and need an answer quickly. Wilsdrof & Associates aim to respond with answers to your accounts queries promptly.

Does Wilsdrof & Associates bill by the hour for its accountancy services?

No we don't. Wilsdrof & Associates use fixed fees which will be determined before the work is undertaken. We are open with our prices for company accounts, tax returns and we like to agree these fees upfront before the work is started.

Is it important to use a qualified accountant?

Yes it is. As we are regulated by a professional body (ICAEW or ACCA) we comply with certain standards and have undertaken a rigorous training program to achieve our accountancy qualifications. Wilsdrof & Associates know what we are doing and have the best experience and training to provide the best accountancy and business advice. When you use someone who isn't qualified, you take a risk and it can prove to be expensive in the long term.

Are you up to date with recent accountancy regulations and accountancy industry changes?

Yes. We regularly maintain our CPD (Continuing Professional Development) and it is a requirement of our regulatory body the ICAEW for us to do this.

Are you able to take on the whole accounting function of my business?

Yes. Wilsdrof & Associates are able to do the whole lot, including bookkeeping, payroll, VAT returns and year end compliance. We are also able to provide management accounts and business consultancy if this is needed.

How long do I need to keep my business accounting records for?

You need to keep your accounting records for 6 years.

What accounting software is best for my business?

There are a lot of accountancy softwares available and most of them have similar functions. We can advise on what is most suited to your business and discuss the pros and cons of each. It is best to have these discussions early, as it can be difficult to change over once you have started using one. It can also be costly to the business if the accountancy software isn't right.

Should my business be using 'Cloud' accounting software?

A lot of businesses are now considering cloud accounting software as an option. We can advise and support you in making the right decision. We work with most online cloud accounting software providers so know what is available and the pros and cons of each.