There are a number of different types of tax accountants so choosing the one best suited to your needs is one of the most important decisions you’ll ever make when dealing with your business.

One of the first things you should consider when choosing the type of tax accountant you need to use is to think how well matched the person or firm you finally choose to represent you is to your particular type of business. Many small businesses for instance prefer to deal with small firms where they can get to know the accountant on a reasonably personal level. Smaller accountancy firms are often also cheaper than their bigger counterparts.  If on the other hand you run a fairly large company then you may feel more comfortable dealing with a larger accountancy firm with more employees. Either choice is fine and is entirely up to you the individual.

Choosing the right type of tax accountant for you!

Bookkeeper
A bookkeeper isn’t an accountant in the true sense of the word as their job is usually based around recording financial dealings etc. Usually a bookkeeper will ensure all the relevant data is recorded, correct and ready for the tax accountant to work with. There are some bookkeepers who will also submit returns etc to the Inland Revenue on your behalf and of course this will probably be a lot cheaper than using a professional tax accountant. However the question you really need to ask yourself is does this person know enough about tax laws to get you the best deal or is using them a false economy.

There are a couple of different types of tax accountants in the UK and their qualification is dependent on the governing body they sat their exams with and with whom they are affiliated.

• AIIT is the association of indirect tax formed in July 1991. To qualify as a tax accountant with the AIIT all student accountants have to sit four exams set at three monthly intervals which all have to be passed before they can achieve membership.
• ATT is the association of taxation technicians and was founded in 1991 and this is considered the leading body for accountants. In order to gain an ATT accountancy qualification students have to sit four examinations set at periodic intervals.

Whichever type of tax accountant you decide to use, as long as they have a professional qualification then you can rest assured they will have the skills and knowledge needed to deal with your tax affairs in a competent manner. Your tax affairs are probably one of the most important areas of your life so it makes sense to ensure they are looked after by the professionals. Submitting your tax return is not something you should skimp on!

Paying taxes is like death (unavoidable) and sometimes it can hurt badly when the taxes you have to pay come to a staggering amount. So hiring a good tax accountant is probably one of the most cost effective decisions you’ll ever make as he/she will have the knowledge and expertise to make the paying of your taxes as painless as possible.

Many people do their own books and submit their own tax returns thinking it’s a much cheaper option to do so than hiring a professional accountant when in reality the accountant will know all the legal loopholes where you can save money when submitting your tax return that the average person will have no idea about.

Tax issues can be complicated and you may need the specialist knowledge a tax accountant has at their fingertips to lead you through the maze of complicated documentation that makes up your tax return.

Here are a few questions you should ask yourself when making a decision to hire a tax accountant

• Do I know what I’m doing when doing my own tax return?
  If not, then it makes sense to bring the professionals in.
• Are your tax affairs complicated
  If so you’re probably leaving money on the table by not hiring a specialist to take care of them
• You want to pay as few taxes as possible
  then it makes sense to hire an accountant who knows everything you can claim back and who can give you some sound advice and planning on your tax affairs.
• You’ve had an unexpected tax bill from the Inland Revenue
  this can be a huge shock, especially if your tax bill is pretty large, there is every possibility your tax accountant can reduce it considerably if not erase it completely, indeed it’s not unknown for them to discover the Inland Revenue actually owes you some money instead!

Where to find a reputable Tax Accountant

Word of mouth is a good way of finding yourself a decent accountant, if you know someone who has an accountant ask them if they can recommend them. If you don’t know anyone then ask at a local business, people are usually happy to recommend someone they find is good at their job.

Don’t be tempted to use someone who seems too good to be true, (they usually are). A good accountant will often give their first session free so you can see whether you will suit each other, don’t be beguiled by wild promises of huge tax refunds or promised safe havens etc for your money because ultimately it’s you who are responsible for your taxes (not your accountant), and if the government have a suspicion you are trying to cheat them then they will investigate you thoroughly!

Finally don’t treat your accountant like a bookkeeper, well you can, but expect to pay for the privilege. If you can’t do your own book keeping you may find it a lot cheaper to employ the services of a local book keeper who can keep your books in order so your accountant can just stick to checking them over and submitting your returns. 

Looking for an Accountant? South Wales Has a Gem in Linghams!

When it comes to your company finances, you know that only the best accounting firm will do. This is not an area of a company that you can pass onto just any company. With all of the knowledge and experience that is vital to the application of accountancy, it truly takes a professional to provide the highest levels of service. If you are looking for an accountant, South Wales has several to choose from, but one stands out above the rest.

Why Linghams Chartered Accountants?

For the 25 years, Linghams has provided South Wales with the very best accountants, services, and client care. However, these are not just accountants. South Wales has plenty of those. These are professional business advisors that establish personal working relationships with their clients. They provide the highest possible standard of service and care, within the agreed timetables, at an affordable cost.

Offered Services Sets Linghams Apart

For most companies, simple bookkeeping and taxes are just not enough anymore. Annual financial statements are just one small part of the overall bespoke advice and accountancy service. Just take a look at the other services offered by Linghams Chartered Accountants:

• Full Accountancy and Tax Service

• Corporate Acquisition

• Disposal, including Valuation

• Forensic Accounting

• Audit Compliance

• Company Secretarial

• Management Consultancy

• Sales Consultancy

• Human Resource Management

• Corporate Legal Matters

These services help to maximise corporate and personal wealth. Isn’t that why your company exists in the first place?

Don’t Pay More than You Have to for These Services!

Linghams offers a very competitive fee policy. In fact, most clients will save at least 25% off the cost of similar services in the South Wales area. For those clients that were with a London firm, they can expect to save over 40%. These are impressive numbers! There are no hidden costs, either. Set annual fees let the client know exactly how much these services will cost.

A Final Thought or Two

You need an accountant. South Wales offers Linghams Chartered Accountants. There is simply no better choice when it comes to trusting your company’s financial affairs!

Why You Should Choose Linghams Chartered Accountants Cardiff

As the business financial world continues to move forward, it is imperative that your company has all the tools, figures, and reports necessary to make informed decisions. However, you also need the right advisory service that provides the in-depth analysis to help your company grow and succeed. For those in the Cardiff area, you are in a unique position. While some people choose to use London based chartered accountants, you will find that Chartered accountants in Cardiff offer more convenience, better fees, and in most cases, better service than their London counterparts.

Building Relationships with Chartered Accountants Cardiff

While you desire a professional, one of the best ways to receive the most benefit from a financial Accounts advisor is to have a personal, informal relationship where you are free to ask questions about your accounts. Since no two clients will have the exact same needs and requirements, a bespoke service is a must. You need a specialised advisory service that understands your company’s vision and can present a financial plan to get there. This is why building an excellent working relationship with Chartered Accountants in Cardiff is so essential.

Wide Range of Services to Maximize Company and Personal Wealth

Chartered Accountants Cardiff offer more than just simple book keeping. It is imperative your company has a complete management and tax strategy to maximize company and personal wealth. You need tax planning that is specifically targeted toward the owner-managed business that will minimize corporate and personal tax liabilities. Above all, you want a common sense approach towards today’s unique business finance needs.

From full corporate and personal tax services to Special Compliance investigation work, Chartered Accountants Cardiff can give your company the time, attention, and specialisation needed for growth, success, and above all, for profits. This is one of the most important business decisions you will make regarding your company. Don’t choose just any accountant. It is time to choose your local Chartered Accountants in Cardiff.

Need Expertise in Accountancy? Cardiff Firm, Linghams, Stands Out!

There are a number of issues that can arise within a company. One of the most problematic often pertains to a company’s finances. This is not always something as simple as cash flow, but might entail tax liabilities, investment strategies, or even payroll. There are a number of firms that offer the services of accountancy. Cardiff is the capital city of Wales, and while it may not have some of the gigantic firms that London does, Linghams Chartered Accountants offers all of the services you might need, and some you don’t!

About this Company

For over 25 years, Linghams has provided Cardiff and the surrounding areas with professional, personal accounting services. Their success is based on their development of bespoke service for each client. No two clients’ needs are the same and these tailored services help ensure the best way to maximize company and personal wealth.

The Best Services in Accountancy – Cardiff

The wide range of services offered by Linghams Chartered Accountants is another reason for their continued success. These services include tax planning specifically targeted for the owner-managed business to minimise corporate and personal tax bills. Investment planning, including a program called the “Market Mover,” which helps match buyers and sellers of proprietor owned properties.

In addition, the vast network of working relationships with banks and other financial institutions helps ensure clients receive the all benefits of these companies. The accountancy – Cardiff services also include full accountancy and advisory work, tax investigations, including Special Compliance Investigation work, business enhancement strategy, and company valuation.

Only the Highest Level of Client Satisfaction

At Linghams Chartered Accountants, you’ll find business people, not just accountants. Cardiff is full of “just accountants.” Your company needs a commercial common sense approach to the challenges faced by the owner-managed business in today’s world. A direct, one-on-one relationship at this principle level helps to build the best course of action to manage your company’s financial accounts.

A Final Thought

When it comes to your company’s accountancy, Cardiff’s own Linghams Chartered Accountants is simply the best choice. With their professional and knowledgeable staff, exceptional client services, and the services your company needs, why would you go anywhere else?

Three Reasons Why You Should Hire Linghams Accountants in South Wales

It is often easy to assume that all accounting firms are the same. However, that is far from the case. Some firms are best suited for small companies; others for large corporations. A few firms stand out from the rest. One is Linghams Chartered Accountants. In South Wales, this company is known for its outstanding services, client care, and a dedication to helping maximise personal and company wealth.

Extensive Range of Offered Services

While some accountants in South Wales may only offer simple bookkeeping and tax services, Linghams Chartered Accountants offers much more. Consider this extensive range of accounting and business services:

• Full Accountancy and Tax Service

• Corporate Acquisition

• Disposal, including Valuation

• Forensic Accounting

• Audit Compliance

• Company Secretarial

• Management Consultancy

• Sales Consultancy

• Human Resource Management

• Corporate Legal Matters

This “one stop shop concept” provides the comprehensive range of related services that are needed by companies in today’s business climate.

Competitive Fee Policy

Linghams takes pride in their competitive fee policy. Last year, the average savings for their clients was 25% over local accounting firms and 40% over national firms. Those clients who switched from a London firm saved over 40%.

With annual fees that are set in advance and bespoke services that are tailored to your company’s needs, it is easy to see why Linghams Chartered Accountants rise above many of the other accountants in South Wales.

Professional, but Personal Service

The professional, but personal service at Linghams is another reason why they have been in business for over 25 years. You are never just another account here – you are a business partner. They want you to feel comfortable as you visit their modern office building located in beautiful Cardiff Bay. With private parking and extended business hours, you will love the convenience.

A Final Thought or Two

There are many accountants in South Wales, but Linghams Chartered Accountants stands above the rest. With a vast range of services, exceptional client care, and a commitment to maximising your company wealth, this is certainly one accounting firm to consider!

An exciting new extension of the services on offer. We have identified that a number of proprietor owned companies have no vehicle to buy or sell their business. We have found that unless companies are considering to sell or buy in excess of £5 million there is no ready market.

How many companies have paid vast sums of money upfront to try to find a buyer.

Our services aims to work with fellow professional groups on a success only basis.

The concept is simple in exchanging information on a confidential basis with fellow professional groups such as banks, solicitors, accountants.

Where fellow professionals introduce clients to us we offer a written guarantee in the terms of engagement as to the role we play. This may be restricted to the use of the ever expanding database to put a buyer and seller together in advising on the deal along side the other professional. The accountant/other professional advise keeping control over the client whilst linking in the expertise gained over the period in other transactions.