Find out more about working with Northern Accountants
1. Who will I work with at Northern Accountants?
You will be introduced to your Client Manager who will be your primary contact, although their team will also be available for support when you need it.
2. When are my year-end accounts and corporation tax return due?
Year-end accounts are typically due nine months after your company’s financial year-end, while corporation tax returns must be filed 12 months after the end of the accounting period.
3. When will you start working on my year-end accounts?
If your year-end has passed, we will start straight away by asking for you for the information we require. Otherwise we will wait for your deadline to pass and start immediately after.
4. How quickly will you turn my accounts around ?
Our aim is to have your accounts prepared and your year-end meeting arranged within 45 days of receiving your paperwork.
5. What is the purpose of Month 9 Tax Planning?
Month 9 tax planning allows us to review your financials before the year-end, identifying potential tax-saving opportunities and making adjustments to optimise your tax position.
6. How does the service support long-term financial planning?
Beyond compliance our service includes tax planning, which helps optimise your tax strategy, protect cash flow, and support your business’s long-term financial health.
7. Who will prepare my Self Assessment?
Your personal tax will be done by your Client Manager at the same time as your year-end accounts to ensure maximum tax efficiency.
8. How can this service help reduce my tax bill?
Our experts review your income sources and expenses to ensure that you’re maximising all eligible reliefs and deductions, lowering your overall tax burden.
9. Can I use this service if I’ve already started my tax return?
Absolutely. We can step in at any point to review, complete, or adjust your self-assessment, ensuring accuracy and maximising reliefs.
Email enquiries@northernaccountants.co.uk or call 0113 218 9552 to schedule a consultation or learn more about how we can support your financial needs
Outsourcing Your Finance Team
Your Questions Answered
1. How often do you update my books?
We typically bring your data up to date on a daily, weekly or monthly basis, depending on your business’s needs.
2. What software do you use for bookkeeping?
We specialise in Xero, where we’re certified advisors and proud winners of the Xero People’s Choice Award.
3. Can you help me move to a digital bookkeeping system?
Absolutely. We’ll set up a digital accounting platform tailored to your needs, guiding you through each step of the transition and provide all the training you need
4. Do you handle VAT returns?
Yes, our experienced team will handle all your VAT calculations, filing and liaising with HMRC when required
5. I work in the Construction sector, can you help me with my CIS returns?
Yes, our team specialise in all aspects of your CIS returns and we will taylor the service to your specific requirements
6. Can you manage payroll as well?
While payroll is a separate service, we can manage both seamlessly to fully support your finance function.
7. How does the payment process work?
Whether you are paying suppliers, your team, or HMRC the process is the same. You simply transfer the total payment amount to one account, approve the payments, and our system allocates funds to the correct invoices automatically.
8. How does the credit control service work?
We use Chaser, which integrates with Xero to automate payment reminders via email or text. It also includes secure payment links to make it easy for clients to pay you. We can also offer a fully managed service to make things even easier
9. Explain what happens in the Sales Invoice process?
We will generate your sales invoices, send them to your customers, and handle any related queries or discrepancies
10. How secure is my financial data?
Data security is a top priority, and the accounting software we use are robust, encrypted systems to protect your information.
11. How often will I receive updates on my financial records?
We provide regular monthly reports, with additional benefit of real-time updates available through Xero, ensuring you’re always informed.
12. I am currently with an Accountant and worried about the disruption moving would cause
This is understandable which is why we have a dedicated onboarding team that will take care of everything, from contacting your accountant, to moving your data, and introducing you to your new team who will look after you every step of the way
Email enquiries@northernaccountants.co.uk or call 0113 218 9552 to schedule a consultation or learn more about how we can support your financial needs
Your Questions Answered Your Outsourced Finance Director
1. Who will be my Financial Director?
We will assign a senior team member best suited to your business based on your location, sector, and specific needs. This ensures a tailored approach to support your business effectively
2. How often will I see my Financial Director
Most meetings are held either Monthly or Quarterly. Your dedicated FD is available to field questions throughout the month and we pride ourselves on the service levels we provide
3. How often will I receive management information reports?
Reports can be provided monthly or quarterly, depending on your business needs and the level of insight you require to make timely decisions.
4. What kind of data is included in the management reports?
Our reports include key financial metrics such as profit and loss, balance sheet, cash flow, and tailored KPIs, ensuring you have a comprehensive view of your business performance.
5. Can the management information be customised for my business needs?
Yes, we tailor the data and insights to fit your specific business goals, industry, and priorities, providing only the most relevant information to help guide your decisions.
6. How can management information help me with business growth?
By providing accurate, real-time financial data, you can identify opportunities for growth, track your performance, and make strategic decisions that align with your long-term goals.
7. How often should I review my budget?
Regular reviews are recommended—monthly or quarterly—so that you can quickly adapt to any financial changes or unforeseen expenses.
8. How do you track performance against the budget?
We use detailed variance analysis to compare your actual financial performance to the budgeted figures, identifying any deviations and adjusting where necessary.
9. Will budget planning help with cash flow issues?
Absolutely. A well-structured budget will help you better manage cash flow, ensuring that you have enough liquidity to cover your business’s needs.
10. Can forecasting help me secure funding or investment?
Absolutely. A clear and accurate cashflow forecast can give potential investors or lenders confidence in your business’s financial health and growth potential.
Email enquiries@northernaccountants.co.uk or call 0113 218 9552 to schedule a consultation or learn more about how we can support your financial needs
Boardview by Your CFO
Find out more about how our outsourced CFO service works
1. How does the strategy day work, and what should I expect?
The strategy day is an immersive session where we assess your current position, define your goals, and create a strategic roadmap, all tailored to your business vision.
2. What can I expect from each quarterly Boardview meeting?
Each review includes a detailed financial analysis, progress updates on your goals, risk assessments, and tailored action plans to drive your business forward.
3. What if I need additional support between meetings?
Your CFO is available to provide support and advice as needed, ensuring you have guidance to navigate any challenges that come up between sessions.
4. How will this service help me grow my business?
We provide strategic financial advice and planning that aligns with your business goals, helping you expand in a financially sustainable way.
5. How detailed is the financial forecasting?
Our financial forecasting includes profit and loss, cashflow projections, revenue estimates, and break-even analysis to give you a complete view of your financial future.
6. How does this support my long-term goals, like exiting the business?
Quarterly reviews keep your exit strategy and long-term objectives aligned, ensuring that each decision made supports the ultimate vision you have for your business.
7. What type of funding can you help me secure?
We can assist with a wide range of funding options, including bank loans, government grants, investor funding, asset finance, and alternative finance solutions.
8. How do you ensure the funding options are suitable for my business needs?
We conduct a thorough analysis of your financial situation, business goals, and cashflow to match you with funding options that best align with your specific requirements and long-term objectives.
9. Is this service suitable for businesses of all sizes?
Yes, whether you’re a small business looking to expand or an established company ready to scale, our service is tailored to your specific growth needs.
10. What types of projects are included in ad-hoc CFO support?
Ad-hoc projects cover a wide range of strategic and financial services, including tax planning, remuneration, restructuring, and support with complex transactions.
Email enquiries@northernaccountants.co.uk or call 0113 218 9552 to schedule a consultation or learn more about how we can support your financial needs
