Peterlee, DurhamPeterlee, Durham Mon - Fri 09:00-17:00 0191 5920555
info@edgemark.co.uk
25+ Years Experience
Trusted by businesses nationwide
Certified Accountants
Licensed, qualified professionals
Ongoing Support
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FAQ

Frequently Asked Questions About Our Accounting Services

At our accounting firm, we understand that clients often have questions about tax returns, bookkeeping, HMRC requirements, and financial support. Our FAQ page is designed to provide clear answers and helpful guidance for individuals, sole traders, CIS workers, and limited companies. Whether you need help with a self assessment tax return, tax rebate claim, payroll, VAT, or company accounts, our experienced accountants are here to make the process simple and stress-free.

How Can an Accountant Help Me Save Time and Money?
  • Working with a professional accountant can help you stay organised, reduce tax mistakes, and ensure you claim all allowable expenses. Many business owners and self-employed workers miss out on valuable tax relief simply because they are unaware of what they can claim. Our team helps clients maximise their tax efficiency while keeping records accurate and compliant with HMRC regulations. We also provide ongoing advice to help your business grow with confidence.
Saving
Do I Need to Complete a Self Assessment Tax Return?
  • If you are self-employed, a CIS subcontractor, company director, landlord, or receive untaxed income, you may be required to submit a self assessment tax return to HMRC. Completing your return correctly and on time is essential to avoid penalties and unexpected tax bills. We handle the full process for our clients, ensuring returns are accurate, submitted promptly, and include all eligible expenses and tax reliefs available.
Self Assessment
What Expenses Can I Claim Against Tax?
  • Allowable expenses can reduce the amount of tax you pay by offsetting business-related costs against your income. Depending on your situation, you may be able to claim expenses for travel, tools, uniforms, office costs, professional subscriptions, mobile phone use, mileage, and more. Limited companies may also claim additional business expenses such as staff costs and equipment purchases. Our accountants help identify all legitimate claims to ensure you do not overpay tax.
Expenses
Why Is Bookkeeping Important for Businesses?
  • Accurate bookkeeping is essential for maintaining healthy finances and staying compliant with HMRC requirements. Keeping clear financial records helps businesses track income and expenses, manage cash flow, prepare for tax returns, and make informed decisions. Poor bookkeeping can lead to missed deadlines, inaccurate reporting, and unnecessary stress. Our bookkeeping services help businesses stay organised throughout the year while freeing up valuable time to focus on day-to-day operations.
Bookkeeping
How Do I Get Started With Your Accounting Services?
  • Getting started is simple. Our team offers friendly support and straightforward advice tailored to your individual or business needs. Whether you need help registering for self assessment, applying for a UTR number, managing payroll, completing VAT returns, or running a limited company, we are here to assist. We aim to make accounting easy, transparent, and hassle-free, giving you peace of mind that your finances are being handled professionally.
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