Frequently Asked Questions

Bookkeepers focus on recording and organising your day-to-day financial transactions — income, expenses, invoices, and payments. Accountants work with that data to prepare accounts, tax returns, and financial reports. Many small businesses and individuals need elements of both. We can discuss your specific situation and confirm what level of support would be appropriate.

Simply fill in our contact form or send us a message. Tell us about your situation, what services you are looking for, and any upcoming deadlines. We will review your enquiry and get back to you to discuss how we can help and what the next steps would be.

T&N Accountancy is not a chartered accountancy practice. We are an accountancy services provider supervised for anti-money laundering (AML) purposes by HMRC. We carry out client identity verification in accordance with our AML obligations. If you have specific questions about our professional status before engaging our services, please contact us directly.

We are based in Basingstoke (Unit 28 Basepoint Business Centre, Stroudley Road, Basingstoke, RG24 8UP) and work with clients across the UK. Most accountancy and bookkeeping services can be carried out remotely, so your location is rarely a barrier. Please contact us to discuss how we can support you wherever you are.

Yes. We provide support for individuals, sole traders, landlords, contractors, and directors who need to file a Self Assessment tax return. We can help you gather the right information, prepare the return accurately, and understand what is being submitted. The deadline for online Self Assessment returns is typically 31 January following the end of the tax year. Please contact us as early as possible, particularly if you have an upcoming deadline.

You generally need to complete a Self Assessment return if you are self-employed, a partner in a business, a director of a limited company, or if you have certain types of untaxed income (such as rental income, significant savings interest, or dividend income above certain thresholds). HMRC sets out the full criteria on their website. If you are unsure whether you need to file, please contact us and we can help you understand your situation.

For online Self Assessment returns, the deadline is typically 31 January following the end of the tax year (5 April). For example, for the tax year ending 5 April 2024, the deadline to file online and pay any tax owed is 31 January 2025. Paper returns have an earlier deadline of 31 October. Please note these dates can occasionally change — always verify the current deadlines with HMRC.

Filing a Self Assessment return late can result in automatic penalties from HMRC, which increase the longer the return remains unfiled. If you have missed a deadline, the most important thing is to file as soon as possible to limit penalties. Please contact us promptly and we will help you understand the situation and get the return filed.

Yes. We support limited companies with annual accounts preparation, Corporation Tax returns, bookkeeping, VAT returns, and payroll. Limited companies have specific filing obligations with both HMRC and Companies House, and we can help ensure these are handled in an organised and timely manner.

Yes, company directors are generally required to complete a personal Self Assessment tax return each year, even if their only income is a director's salary. If you also receive dividends from the company or have other income sources, these also need to be reported. We can support directors with both their company's accounts and their personal Self Assessment return.

Annual accounts are statutory financial statements filed at Companies House and are publicly available. A Corporation Tax return (CT600) is submitted separately to HMRC and is used to calculate Corporation Tax liability. Both are required for limited companies, but they are different documents submitted to different organisations on potentially different deadlines.

Yes. Many clients come to us with incomplete or disorganised records. We will work through what you have, identify what is missing, and help you bring everything up to date. Starting with messy records is not a problem — that is exactly the kind of situation we are here to help with.

HMRC requires self-employed individuals and sole traders to keep records for at least 5 years after the 31 January Self Assessment deadline for the relevant tax year. Limited companies must keep records for at least 6 years from the end of the accounting period they relate to. These are minimum requirements — keeping records for longer is generally advisable.

The scope of how we deal with HMRC on behalf of clients will depend on the nature of the engagement and the services agreed. This will be confirmed when we discuss your requirements. Please contact us to understand what is available in your situation.

We work with a range of common accounting and bookkeeping software including Xero, QuickBooks, Sage, and Excel-based systems. If you currently use paper records, we can discuss what options might be appropriate for your situation. Please let us know what you currently use when you contact us.