FAQ: Tips for Managing Your Finances, Taxes, and Accounting

Accounting and Bookkeeping blog

Questions? Check our FAQ or contact us. We’re here to help.

“I used to file it myself, but then I got fined.”

Do I Need an Accountant for My Business?

Hiring a professional accountant can make a real difference for your business, whether you’re just starting out, running a small business, or managing an established company. A good accountant makes sure your records are accurate, your taxes are taken care of, and your finances are working in your favour.

At Friendly Assist Accountancy, we do more than just bookkeeping. We help you keep track of cash flow, spot opportunities to save on tax, improve your profitability, and manage financial risks, so you can focus on growing your business with confidence and peace of mind.

Why Your Business Benefits from an Accountant
Working with an accountant isn’t just about filing tax returns. It’s about making sure your finances are organised, your business stays compliant, and you have the insight to make confident decisions.
Here’s how we help:

  • Accurate financial reporting: Keep track of income, expenses, and profitability so you always know where your business stands.
  • Tax planning & compliance: Stay on the right side of the law and make sure you claim all eligible deductions.
  • Cost-saving strategies: Spot opportunities to reduce costs and maximise returns.
  • Growth-focused advice: Use clear, data-driven insights to help your business scale with confidence.

Failing to meet accounting standards can lead to penalties, legal issues, and financial uncertainty. With our support, you’ll stay compliant, organised, and focused on growing your business.

Benefits of Online Accounting Services

Online accountancy is the modern, convenient solution for businesses of all sizes. Instead of scheduling in-person meetings, you can manage your finances remotely – From anywhere, at any time.

At Friendly Assist Accountancy, we combine cloud accounting technology with expert support to make managing your finances simple and stress-free. Our services include:

  • Remote tax return filing and bookkeeping
  • Payroll and VAT support
  • Real-time financial insights
  • Secure communication via phone, email, or video calls

All you need is an internet connection to access professional accounting support without lengthy contracts, no office visits, just clear, reliable guidance whenever you need it.

Accountants in Newcastle Upon Tyne: Simple, Affordable & Proactive

Do Startups and New Businesses Need an Accountant?

Absolutely. Starting a new business is exciting, but it also comes with financial and legal responsibilities. Our startup accounting services are designed to give you a strong foundation for success.

We’ll help you:

  • Choose the right business structure
  • Create accurate business plans and financial forecasts
  • Register for VAT and understand legal obligations
  • Set up bookkeeping systems and track expenses
  • Plan and prepare for corporation tax and self-assessment

By partnering with us early, you’ll avoid costly mistakes and build a business that’s financially strong from day one.

The Friendly Assist Accountancy way to help you out of the rebate jungle

Why Choose Friendly Assist Accountancy?

Choosing the right accountant is a personal decision. At Friendly Assist Accountancy, we aim to be more than just a service provider — we become your trusted financial partner.

Here’s why businesses choose us:

  • Personalised support: Services tailored to your goals and business needs.
  • Clear, proactive advice: Open communication and guidance you can act on.
  • Regular check-ins: Keep track of your progress and make adjustments as needed.
  • Industry expertise: Knowledge across multiple sectors to support your growth.

We’re passionate about helping businesses succeed, and we’d love to talk about how we can support yours.

How to Get Started With Us

Getting started is quick and easy:

  1. Book a free consultation: Fill out our contact form, email us, or call to schedule a no-obligation 15-minute consultation.
  2. Onboarding: If you decide to move forward, we’ll send you an onboarding form, engagement letter, and service agreement.
  3. Start optimizing your finances: Once we have access to your financial data, we’ll begin supporting you with tax filing, cash flow monitoring, bookkeeping, and profit-enhancing strategies.

Payment Options

We request monthly payments in advance via bank transfer. This simple approach helps us stay on top of your accounting needs and ensures your service is always seamless.

Accounting and Bookkeeping blog

Tailored Accounting Solutions for Your Business

Every business is unique, and so are our services. Our custom accounting solutions are designed to fit your goals and your budget.
We can help with:

  • Regular financial reviews and reports
  • Tax planning sessions
  • Payroll support
  • Strategic growth advice

We also offer phone and online consultations via secure platforms like Microsoft Teams. Your first 15-minute consultation is completely free, so you can see how we can support your business with no obligation., and ongoing consultations are included in our packages or available as add-ons.

Data Security & Confidentiality

We take your data protection seriously. All financial information is encrypted, and we strictly follow the AAT Code of Professional Ethics. For more details, please see our privacy policy and engagement letter.

Accounting and Bookkeeping blog

Support with HMRC Investigation

If you’re dealing with an investigation, our team can act as your representative and guide you through the process. We can help you:

  • Manage self-assessment tax returns
  • Report undeclared income correctly
  • Handle VAT inspections and audits
  • Respond to HMRC inquiries on your behalf

With us by your side, you can have peace of mind, knowing your dealings with HMRC are handled professionally, efficiently, and with car.

Save Money and Grow Your Business with Expert Accounting

A skilled accountant does more than just balance your books. At Friendly Assist Accountancy, we help you save money, reduce financial risks, and grow your business sustainably. By keeping your accounts up to date and optimising your tax strategies, we give you the insights and confidence to make smarter financial decisions, so you can focus on what matters most: running and growing your business.

Partner with Friendly Assist Accountancy Today

Whether you need support with tax returns, payroll, bookkeeping, or strategic planning, we’re here to help your business succeed.

Get in touch today for your free consultation and discover how we can help your business grow.

Let’s Talk!

Your first telephone consultation is free.

Get in Touch

Steffen Kemmerzehl is an AAT Licenced Accountant.