FAQS
1. What services does MSK Accountants provide?
We provide a full range of accounting and business support services, including annual accounts, bookkeeping, payroll, VAT returns, tax planning, self-assessment tax returns, cloud accounting, management accounts, company formations, and business advisory services for individuals and businesses across the UK.
2. Do you work with businesses outside Preston?
Yes. Although our office is based in Preston, we work with clients throughout the UK using secure cloud accounting software, video meetings, email, and telephone support.
3. What types of businesses do you work with?
We support sole traders, limited companies, partnerships, freelancers, contractors, landlords, online businesses, healthcare professionals, retailers, construction businesses, consultants, and many other industries.
4. Can you help me start a new business?
Absolutely. We can advise on the best business structure, register your company, help with HMRC registrations, set up accounting software, and ensure you start on the right financial footing.
5. How much do your accounting services cost?
We offer fixed-fee packages for both self-employed individuals and limited companies, with bespoke pricing available depending on your business requirements. There are no hidden fees.
6. Can you help me switch from my current accountant?
Yes. Switching accountants is straightforward. We handle the entire transfer process, including contacting your previous accountant and obtaining the necessary information, making the transition hassle-free.
7. Do you offer bookkeeping services?
Yes. We provide accurate bookkeeping services to help keep your financial records organised, allowing you to focus on running your business.
8. Can you prepare and submit my VAT returns?
Yes. We prepare and submit VAT returns to HMRC, ensuring compliance with Making Tax Digital (MTD) requirements and helping you avoid costly errors.
9. Do you provide payroll services?
Yes. We manage payroll for businesses of all sizes, including PAYE, pension auto-enrolment, payslips, and HMRC submissions.
10. Can you help reduce my tax bill?
Yes. Our tax planning services help ensure you only pay the tax you legally owe by identifying available allowances, reliefs, and tax-efficient strategies.
11. What accounting software do you support?
We support a range of cloud accounting solutions and can help you choose, set up, and use software that best suits your business.
12. Do I need an accountant if I'm self-employed?
While it’s not legally required, having an accountant can save you time, reduce errors, maximise tax efficiency, and ensure your tax returns are filed correctly and on time.
13. Can you prepare my Self Assessment tax return?
Yes. We prepare and submit Self Assessment tax returns for sole traders, landlords, company directors, contractors, and individuals with additional income.
14. What are management accounts?
Management accounts are regular financial reports that provide insights into your business performance, helping you make informed decisions, monitor cash flow, and plan for growth.
15. How often will I hear from my accountant?
We believe in proactive communication. Our team is available throughout the year to answer your questions, provide advice, and keep you informed—not just at year-end.
16. Can you help with Companies House filings?
Yes. We prepare and submit annual accounts, confirmation statements, and other statutory filings to Companies House on your behalf.
17. What documents do I need to provide?
The documents required depend on your circumstances but may include bank statements, invoices, receipts, payroll information, and previous accounts or tax returns. We’ll let you know exactly what’s needed.
18. Is my financial information kept confidential?
Yes. We use secure systems and follow strict professional standards to protect your personal and business information.
19. Do you offer free consultations?
Yes. We offer an initial consultation to discuss your business, understand your needs, and explain how we can help.
20. Why should I choose MSK Accountants?
We combine professional expertise with personalised service, transparent pricing, proactive advice, and modern cloud accounting solutions to help businesses stay compliant while achieving long-term growth.