Priority accountancy has currently two offices – our main office in Luton and branch office in North West London.
Q. What form of business should I start with trading as partnership, limited liabilities partnership, private limited company, or sole trader?
The business structure depends on several factors such as tax efficiency, size of business, nature of business and profitability. We can assess which business structure is most tax advantage for you. There are also advantages and disadvantages for different structure. We will assess your circumstance and go through all pro and cons to decide which business structure best suit you.
Q. Will I have to pay for initial consultancy?
No, initial consultations are free of charge
Q. Who are our customers / what type of clients do you do advisory and accountancy for?
We mostly provide our service to small and medium size business, individual clients. We are best suit for our customers needs.
Q. How qualified is our team in Priority Accountancy?
Our team is fully skilled, experienced, reliable and qualified with ACCA.
Q. Can we replace your finance department?
The answer is yes, we provide services in all aspect like bookkeeping, VAT returns, CIS, pension, payroll, secretarial work. We also provide management account, Business forecast and cash flow as well as business consultancy.
Q. Do I need to keep accounting records?
Yes, you need to keep your accounting records for at least 6 years.
Q. Do I need to meet face to face for engaging with you?
You can meet with us face to face alternatively we also do electronically.
Q. Once I start trading – when should I notify HMRC?
You have to notify HMRC within 3 months to avoid any penalties. If you’re approaching this deadline then contact us and we will help you get the form in on time.