FAQ

1: What services do you provide?

An extensive range of accountancy, tax, and business advisory services are available. We work with businesses (of all sizes) and individuals.

2: How can Pomroy Associates Ltd assist me with my accounting needs?

Firstly, we talk with you, understanding your current situation and your goals. With this knowledge, we tailor our proactive accountancy and tax services that meets your needs.

3: In which sectors do you specialise in providing services?

While we offer accounting and tax services across all sectors, we have specialist knowledge of the property and construction industries. We also enjoy working with family businesses ( we are a family-run accountancy practice!) and helping start-up businesses.

4: Do you offer consultations?

Yes, you are welcome to enjoy an initial consultation without obligation. This helps us understand your requirements and explains our relevant services to you.

5: What is the process for scheduling an appointment with one of your accountancy team?

You are welcome to contact us to arrange an appointment. Our offices are in Stevenage and Welwyn Garden City. Alternatively, we can meet at a mutually convenient location or online.

6: Can you assist with tax planning and compliance?

Certainly, we excel in providing comprehensive tax planning and ensuring compliance with regulations.

7: What are your charges for accountancy services?

We’ll provide a detailed, bespoke quote reflecting the scale and mix of our accountancy and tax services requested.

8: Do you provide bookkeeping assistance?

Yes, bookkeeping services are available, including specialist construction bookkeeping.

9: Can you aid with payroll management?

Our payroll services are available to ensure your employees and HMRC are paid accurately and on time. We also ensure your payroll is fully compliant with HMRC legislation.

10: How do you contribute to business advisory and consulting?

We provide proactive guidance and advisory services based on our accountancy and business expertise. Our services are tailored to help you achieve your business objectives.

11: Do you offer specialised support for start ups and small businesses?

Yes, we provide tailored support for start ups and small businesses, understanding their unique challenges.

12: Can you assist with company formation and registration procedures?

Yes, we advise on the best business structure for your circumstances, understanding your current position and goals for the future. This can include company formation and registration.

13. What is your approach to handling tax audits or investigations?

Our first step is always to talk to you. Once we understand the situation fully, we liaise with HMRC on your behalf. This may involve submitting information, answering questions and explaining processes used.  We always aim to resolve investigations quickly and efficiently.

14. Are you adept at handling inquiries from HMRC?

Yes, we have a proven track record of successfully addressing inquiries from HMRC.

15. Do you offer assistance with VAT registration and compliance?

Yes, we provide comprehensive support for VAT registration and compliance matters, including Making Tax Digital requirements and the nuances of the construction industry’s VAT domestic reverse charge.

16. What are the qualifications and credentials of your team?

Our team is made up of highly qualified and experienced professionals. Together, we provide the full range of accountancy expertise. Our team is people-orientated, talking to and understanding our clients as well as offering first-class accountancy work.

17. How long has your firm been in operation?

We are proud to have been helping businesses and individuals to be tax efficient and compliant for over 20 years. Our clients are long standing, thanks to our partnership approach and excellent customer care.

18. Do you help with international tax matters?

International tax requires specialist knowledge. Along with our trusted network of experts, Pomroy Associates helps businesses and individuals with this complex requirement.

19. Can you aid in financial forecasting and budgeting?

Yes – this is a key part of the business advisory services we offer.

20. How do you stay abreast of changes in tax laws and regulations?

In-depth training and updates via our professional tax and accountancy associations ensure our knowledge is up to date at all times. This is crucial to keeping our client’s accounts and tax affairs fully compliant as tax efficient as possible.

21. Do you offer assistance with business valuations?

Yes, we provide business valuation services to help you understand the worth of your company. We can also advise on the tax implications involved

22. Can you help with retirement planning and pension advice?

We can advise on the tax implications of pensions. For any additional pension advice, we work with some highly experienced financial advisers. Please let us know if you would like their contact details.

23. Do you help with financial statement preparation?

Yes, we prepare accurate and compliant financial statements.

24. Can you advise on mergers and acquisitions (M&A)?

We do not advise on M&As but work alongside experts should you require help. Please let us know if you would like their contact details.

25. Do you offer support for estate planning and inheritance tax?

Yes, we provide estate planning services and guidance on inheritance tax to help protect and transfer your wealth.

26. Can you help with business restructuring or turnaround strategies?

Assistance with business restructuring and turnaround strategies to help revive struggling businesses is available.

27. Do you provide assistance with obtaining business loans or financing?

Yes, we offer support in obtaining business loans or financing to help fund your growth and expansion plans. This may involve providing accounting information required within your application process or suggesting sources of finance.

28. Can you assist with due diligence processes for business transactions?

Yes, we offer due diligence services to collect and analyse information, assessing the risks and opportunities associated with a business transaction.

29. Do you offer advice on business succession planning?

We provide guidance on business succession planning to ensure a smooth transition of ownership. This is especially relevant to family-run businesses.

30. Can you assist with international expansion or setting up overseas subsidiaries?

Our team is happy to help develop international expansion strategies. We have contacts who can help with setting up overseas companies if required.

31. Do you provide forensic accounting services for legal matters?

We do not offer forensic accounting services but work alongside a great team that we can introduce you to. Please let us know if you would like their contact details.

32. Do you help with business insurance and risk assessment?

Our professional contacts include insurance broker contacts who can advise you about business insurance and risk assessment. Please let us know if you would like their contact details.

33. Can you help with business restructuring or insolvency proceedings?

We do not offer this as a service, but work with proven experts that we can introduce you to. Please let us know if you would like their contact details.

34. Do you offer advice on investment strategies and portfolio management?

Financial advice can only be offered by a qualified financial adviser. If you do not already have one, we can introduce you. Please let us know if we help by providing their contact details.

35. Can you assist with environmental sustainability reporting and compliance?

No, but we can make introductions to relevant experts who can help with this. Please let us know if you would like their contact details.

36. Do you provide support for tax credits and incentives (such as R&D)?

We no longer offer this service but work with a team helping with tax credits and incentives. Please let us know if we help by providing their contact details.

LATEST NEWS FROM Pomroy Associates

December 19, 2024

Chancellor promotes reset of UK-EU trade relations

Chancellor Rachel Reeves spoke last week at a meeting of EU finance ministers as part of the government’s attempt to perform an economic reset with the EU. It was the first time a UK chancellor has attended such an event since the UK left the EU.
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December 18, 2024

HMRC introduces new interactive tool for self-employed people

HM Revenue and Customs (HMRC) have announced the launch of a new interactive online tool and clearer guidance for those who are already self-employed and those considering it.
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