F.A.Q.

Your Questions Answered

No, but a reputable firm belonging to one of the well-recognised bodies eg Institute of Chartered Accountants can guide you through the various laws and regulations that may apply to your business. This would help to avoid you paying unnecessary tax and penalties.

Initial advice is free. Thereafter fees depend on the size of the business and can be negotiated at the first meeting.

Our portfolio includes doctors, surgeons, opticians, pharmacists, dentists, IT Consultants, Recruitment consultants, engineers, retail outlets, manufacturers, wholesalers, milkmen, taxi drivers, hairdressers, beauticians, mortgage brokers, restaurants, fast food outlets, hotels, nightclubs, motor mechanics, property companies, building contractors and sub-contractors, florists, buy-to-let investors, and several other trades and professions. With over 30 years of experience in dealing with clients affairs, we have probably dealt with most, if not all kinds of trades and professions.

We provide an excellent service to our clients in a knowledgeable and competent manner. We also contribute our fair share of skills, abilities, time, and knowledge to our profession and community. We provide a timely and added value service to help you make more and keep more of what you earn.

It is the most suitable method to file as the return is broadcasted by computer and does not require a paper copy to be mailed. E-filing also considerably reduces the possibility for errors since all returns are authenticated prior to acceptance.

We believe that our systems-based approach can reduce costs: in some cases significantly. We also provide online access to all your computerised records.

The majority of businesses are not companies. The reasons for having a company are varied, for example, it could involve ownership of property, obtaining investment funds, taxation or contractual relationships. Many businesses function satisfactorily as sole traders or partnerships. The key point to recognise is that a company is a separate entity.

  • This means that it is a legal person in its own right.
  • It is separate from those who own or run it, and has ‘limited liability’.

As a member firm of the Institute of Chartered Accountants in England & Wales, we have to abide by their code of conduct. We require professional indemnity cover which protects our client in the event of any claims made against our firm for proved errors and negligence. We are required to submit annual returns of professional competence including attendance at regular relevant courses and seminars. Finally, we receive monitoring visits from the Institute to ensure that we are complying with the high standards demanded of a Chartered Accountant.

Lakers Small Business Accounting is partnered with Kashflow

That’s why when you sign up with Lakers we provide you with a dedicated client dashboard, allowing you to access all the information you need whenever you need it. Through a combination of cloud accounting and our dedicated team of experts, we can provide you with a real-time accounting service. Our easy to use software is specially adapted for small businesses, contractors and freelancers. You can create your own invoices, link your bank account transactions, and keep track of your finances on a day-to-day basis. We will provide the support you need.

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