47,500+ Filed Self Assessment Tax Return

220+ Grown Businesses

25+ Years Of Experience

Swift Accountants

Frequently Asked Questions

Frequently Asked Questions (FAQ) Swift Accountants

  • 1. What does an accountant do for a small business?
    An accountant provides essential support for small businesses, from handling financial records, bookkeeping, and payroll, to preparing tax returns and financial statements. At Swift Accountants, we tailor our services to meet the needs of small businesses, ensuring compliance and helping you focus on growth.
  • 2. How do I choose the right accountant for my business in the UK?
    Selecting the right accountant involves evaluating their experience, qualifications, and understanding of your industry. Look for accountants registered with recognised bodies, like ACCA or ICAEW, and ensure they provide the specific services you need, whether for VAT, payroll, or tax planning. Swift Accountants is staffed by fully qualified, dedicated professionals experienced in supporting businesses across various industries.
  • 3. What accounting software should my business use?
    For most small and medium businesses in the UK, cloud-based software like Xero, QuickBooks, or Sage offers efficient solutions for managing finances and staying compliant. Swift Accountants provides software recommendations tailored to your business needs and offers setup and training to ensure smooth integration.
  • 4. What is Making Tax Digital (MTD), and how does it affect my business?
    Making Tax Digital (MTD) is a UK government initiative requiring businesses to manage VAT records digitally and submit VAT returns using compatible software. This affects all VAT-registered businesses, and MTD for Income Tax and Corporation Tax will follow. Swift Accountants ensures your business remains compliant with MTD requirements, helping you transition to digital processes seamlessly.
  • 5. Do I need an accountant if I’m self-employed?
    While it’s not mandatory, hiring an accountant can help self-employed individuals navigate complex tax rules, claim allowable expenses, and optimise tax payments. Swift Accountants supports self-employed professionals by handling financial administration, so you can focus on growing your business.
  • 6. What are allowable expenses for tax purposes in the UK?
    Allowable expenses include business-related costs that can be deducted from your income to reduce your tax bill. This typically includes travel, office supplies, utilities, and marketing. Swift Accountants can help you identify and claim all allowable expenses, ensuring you maximise your tax efficiency.
  • 7. How can an accountant help reduce my tax liability?
    Accountants use various tax-saving strategies, such as claiming all eligible deductions, tax reliefs, and allowances, and offering advice on business structures that may reduce tax liability. At Swift Accountants, we review your accounts proactively to find ways to minimise your tax burden legally and effectively.
  • 8. What’s the difference between bookkeeping and accounting?
    Bookkeeping involves recording daily transactions, while accounting encompasses a broader scope, including financial analysis, tax planning, and preparing reports. Swift Accountants offers both services, ensuring accuracy in your records and comprehensive insights into your financial health.
  • 9. When do I need to register for VAT in the UK?
    In the UK, you must register for VAT if your business’s VAT-taxable turnover exceeds £85,000 in a 12-month period. Swift Accountants can guide you through VAT registration and compliance, helping you manage returns and avoid penalties.
  • 10. How can accountants help with cash flow management?
    Accountants help manage cash flow by tracking income and expenses, setting up budgets, and advising on spending to ensure your business stays financially healthy. At Swift Accountants, we offer cash flow forecasting to provide a clear picture of your financial future and keep your business on track.
  • 11. What is Corporation Tax, and who needs to pay it?
    Corporation Tax is a tax on limited companies’ profits in the UK. If you run a limited company, you must calculate and pay Corporation Tax on your profits. Swift Accountants offers expert Corporation Tax services, ensuring you meet all obligations and file accurate returns.
  • 12. Do I need to file a Self-Assessment tax return?
    You need to file a Self-Assessment tax return if you are self-employed, have income from property, or earn over £150,000, among other conditions. Swift Accountants simplifies the Self-Assessment process, ensuring your return is filed accurately and on time.
  • 13. What are the penalties for late filing of tax returns in the UK?
    In the UK, missing a tax deadline incurs an initial £100 penalty, with further penalties if your return remains unfiled. Swift Accountants helps you meet all filing deadlines, avoiding costly penalties and ensuring your finances are in good standing.
  • 14. How often should my business file accounts?
    Limited companies in the UK are required to file accounts annually with both HMRC and Companies House. Swift Accountants manages all your statutory filing needs, ensuring your accounts are submitted accurately and on time.
  • 15. How can an accountant help with business growth?
    Accountants provide valuable insights into your business’s financial health, identify cost-saving opportunities, and help with strategic planning to support growth. At Swift Accountants, we offer tailored advisory services, from budgeting and forecasting to expansion planning, helping you achieve long-term success.
  • 16. What is the Construction Industry Scheme (CIS), and who needs to comply?
    The CIS requires contractors to deduct money from subcontractor payments and pass it to HMRC. This scheme applies to those in the UK construction industry. Swift Accountants provides CIS compliance support, ensuring accurate deductions and timely payments to HMRC.
  • 17. How much does it cost to hire an accountant in the UK?
    Accountancy fees vary based on the services required, the complexity of your finances, and the accountant’s experience. At Swift Accountants, we offer competitive, transparent pricing tailored to your business’s specific needs.
  • 18. Can an accountant help with business financing or funding?
    Yes, accountants can help identify funding opportunities, prepare financial documentation, and provide advice on securing finance. Swift Accountants offers business advisory services, including support for financing and funding, to help you make the best financial decisions for growth.
  • 19. How do accountants help with payroll management?
    Accountants manage payroll by ensuring accurate calculation of wages, deductions, and taxes, while also handling HMRC submissions. Swift Accountants provides a full suite of payroll services, so your employees are paid correctly and on time, and all tax obligations are met.
  • 20. Why choose Swift Accountants as my accounting partner?
    Swift Accountants offers a client-focused approach, with tailored accounting, tax, and advisory services that adapt as your business grows. We combine industry knowledge with proactive financial management to help your business succeed and navigate any challenges.
  • 21. What is a Personal Tax Account in the UK?
    A Personal Tax Account (PTA) is an online service provided by HMRC, allowing individuals in the UK to manage their tax affairs digitally. Through a PTA, you can view your income tax history, check tax codes, update personal details, manage child benefits, and more. Setting up a Personal Tax Account is straightforward, and it helps ensure your information is up to date, especially if your circumstances change. Swift Accountants can guide you through managing your PTA to help you stay organised and compliant with HMRC.
  • 22. What is a P60?
    A P60 is an annual document provided by an employer, detailing an employee’s total pay and deductions (such as income tax and National Insurance) over the tax year (6th April to 5th April). It’s essential for tax records, verifying income, and claiming tax rebates. If you need help understanding or managing your tax records, Swift Accountants offers comprehensive tax assistance, ensuring you have everything in order.
  • 23. What is a P11D?
    A P11D is a form that UK employers submit to HMRC to report benefits in kind provided to employees, such as company cars, health insurance, and other perks. These benefits may incur additional tax obligations for the employee. Swift Accountants can assist you with P11D submissions, ensuring accurate reporting and helping you understand any potential tax impacts.
  • 24. What is PAYE (Pay As You Earn)?
    PAYE is the UK’s system for collecting income tax and National Insurance from wages. Under PAYE, employers deduct taxes from employees’ pay each month and submit them to HMRC. This system helps ensure tax obligations are met throughout the year. Swift Accountants offers payroll management services to streamline PAYE compliance, ensuring accurate deductions and timely submissions.
  • 25. What is BR Tax?
    BR Tax (Basic Rate) refers to the tax code used when all earnings from a particular employment are taxed at the basic rate (20%). The BR tax code usually applies when you have more than one source of income, such as a second job or pension. This code means you won’t receive a tax-free personal allowance on that income source. Swift Accountants can review your tax codes to ensure you’re not overpaying and advise on managing multiple income streams effectively.
  • 26. What is a UTR Number?
    A UTR (Unique Taxpayer Reference) number is a 10-digit identifier assigned by HMRC to individuals and businesses for tax purposes in the UK. It's essential for tasks like filing a Self Assessment tax return or managing Corporation Tax. Your UTR number helps HMRC link all tax information to your account. Swift Accountants can help you obtain and use your UTR number correctly, ensuring smooth and accurate tax submissions.

Unlock Your Business Full Potential It All Starts Here

Enquire with Swift Accountants today – it’s quick, free, and could be the step that transforms your business from where you are to where you dream of being. Take just a few seconds now to secure lasting growth, financial clarity, and the trusted partnership that drives success.

Need more help?
Take Your First Step to Financial Freedom—Book Now! It costs nothing to enquire, and in just seconds, you’re on your way to achieving new heights with Swift Accountants. We’re not just an accountancy company; we’re your financial partner. Join the hundreds of businesses that have already soared with us—where we don’t just promise results, we deliver them!
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Swift Accountants: Elevating Your Success with Excellence, Precision, and 25+ Years of Expertise

Golden Service, Rapid Response, and Tailored Care - Your Partner in Progress

At Swift Accountants, we don’t just manage numbers; we empower your vision. With over 25 years of industry-leading expertise, we provide golden-quality service designed to streamline your financial journey. Our dedicated team brings swift, seamless support through our 24/7 client portal, enhanced communication channels, and expert insights—ensuring your success is always within reach. Join the thousands of businesses who trust Swift Accountants to deliver results with unmatched efficiency, care, and commitment. Experience accountancy that moves you forward.

Our Approach

Client-Centric Excellence

Our clients come first, always. Every action, recommendation, and service is tailored to achieve your success and peace of mind.

Proactive Planning

We anticipate and solve issues before they arise, allowing you to focus on growth while we take care of the details.

Streamlined Compliance

Our expert team ensures seamless compliance with HMRC standards, removing the guesswork and worry from your financials.

Transparent Communication

We keep you informed, every step of the way, with clear, open, and honest updates, so you always know where you stand.

Tailored Solutions

Your business is unique, and so are our solutions. We design services that align with your specific needs, industry, and goals.

Data-Driven Accuracy

With a precise, data-focused approach, we guarantee accuracy in every detail, from calculations to strategic insights.

Rapid Response

Our team is committed to fast, reliable responses, ensuring that you get the answers you need when you need them.

24/7 Customer Portal

Enjoy 24/7 access to your dedicated portal, designed to give you instant insights and control over your financial status.

Golden Quality Service

Excellence is our standard, and we deliver it in every interaction, ensuring a top-tier experience and trusted service every time.

Enhanced Communication Options

Connect with us on your terms—online, through WhatsApp, by phone, or in person. Your convenience is our priority.

Strategic Tax Insights

We go beyond numbers, offering expert tax insights designed to maximize savings and propel your business forward. With Swift Accountants, you gain a partner who anticipates your needs and supports your success every step of the way.

Optimised Efficiency

Our processes are optimised for speed and simplicity, ensuring your accounting experience is hassle-free and effective.

Continuous Improvement

We consistently refine our approach and expand our knowledge to offer innovative solutions that keep you ahead.

Cost-Effective Value

Our streamlined operations allow us to offer top-quality service at competitive prices, so you get the best value for your investment.

Trusted Expertise

With over 25 years of industry experience, our advisors bring a wealth of knowledge to help you make the right decisions.

Why Choose Swift Accountants for Your Limited Company

Specialised Expertise in Limited Company Accounting

Our team is well-versed in the complexities of limited company finances:

  • Industry Knowledge: Familiar with a wide range of sectors, from tech startups to established manufacturing firms.
  • Regulatory Compliance: Ensuring adherence to HMRC and Companies House requirements.
  • Strategic Insight: Providing guidance that aligns with your long-term corporate objectives.

Personalised and Dedicated Support

We prioritise building lasting relationships:

  • Dedicated Account Manager: A single point of contact who understands your business thoroughly.
  • Responsive Communication: Prompt answers to queries via phone, email, or face-to-face meetings.
  • Proactive Engagement: Regular check-ins to discuss performance, identify challenges, and spot opportunities.

Commitment to Your Company's Success

Your growth and prosperity matter to us:

  • Performance Analysis: Identifying key financial metrics to measure success.
  • Risk Management: Helping you mitigate financial and compliance risks before they escalate.
  • Continuous Improvement: Recommending process enhancements and financial strategies.

Technology-Driven Solutions

We leverage modern tools to streamline your accounting:

  • Cloud Accounting Software: Real-time insights into your financial position.
  • Automated Invoicing and Expense Tracking: Reducing manual errors and saving time.
  • Data Security: Robust encryption and backups to protect sensitive information.

Transparent and Affordable Pricing

We offer flexible pricing structures:

  • Fixed Fee Packages: No hidden costs, giving you budget certainty.
  • Customisable Services: Scale up or down as your company evolves.
  • Value for Money: Comprehensive support that delivers returns on your investment.
  • We Listen - Your goals, concerns, and unique business needs are our top priority, and we start by understanding your vision, so we can guide you in the right direction.
  • We Understand – With years of experience and a deep commitment to helping clients succeed, we understand the challenges you face and know how to navigate them effectively.
  • We Deliver – Swift solutions tailored to you. Every interaction brings you closer to tax relief, financial clarity, and peace of mind.
  • UK-Based Chartered Accountants - Our team comprises fully qualified and experienced chartered accountants based in the UK. We have an in-depth understanding of HM Revenue & Customs (HMRC) regulations and the UK tax system, ensuring you receive accurate and compliant advice.
  • Personalised Approach - We recognise that every client is unique. Our personalised services are designed to meet your specific needs, providing bespoke solutions that maximise your financial benefits.
  • Decades of Experience - With decades of combined experience, our accountants have the expertise to navigate even the most complex tax situations, offering you peace of mind.
  • Up-to-Date Knowledge - We stay current with the latest tax laws, legislation changes, and industry best practices to provide you with the most relevant and effective advice.
  • Transparent Pricing - Enjoy competitive and transparent pricing with no hidden fees. Know exactly what you're paying for with our clear and straightforward pricing structure.
  • Cutting-Edge Online Portal - Manage your tax affairs conveniently through our secure online portal. Access your financial information anytime, anywhere.
  • Exceptional Client Satisfaction - Our commitment to excellence is reflected in our 98.7% client retention rate. We build lasting relationships based on trust and outstanding service.
  • Convenient Online Tax Management - With our personal accounting services, you can bring together all of your tax information in one secure online portal. This system allows you to: Register, File, and Pay Taxes Online: Handle all your tax-related tasks quickly and efficiently. Update Tax Information Anytime: Make changes as your circumstances evolve. Access Anywhere, Anytime: Manage your tax affairs at your convenience, 24/7.

Ready to Take the Next Step?

Choosing Swift Accountants means choosing a partner dedicated to your success. Let's work together to make your journey smoother and more profitable.

Contact Us Today for a Free Consultation

Need more help?
Take Your First Step to Financial Freedom—Book Now! It costs nothing to enquire, and in just seconds, you’re on your way to achieving new heights with Swift Accountants. We’re not just an accountancy company; we’re your financial partner. Join the hundreds of businesses that have already soared with us—where we don’t just promise results, we deliver them!
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Client Testimonials

All the team at swift accountants are work tirelessly to help. Hayley especially has been excellent in clearing a tax misshap we experienced. We highly recommend swift accountants. 5 STARS 🌟 🌟🌟🌟🌟
Keith Jones
Keith Jones
I have been using swift accounts for a few years now, they have been brilliant in assisting me as my business is slowly growing with expert advice, would highly recommend.
Jak K.
Jak K.
First year of being self employed and Swift Accountants have been fantastic with me. They have been so helpful and have made the process very simple! Highly recommended!
Olivia Grant
Olivia Grant
Gemma was really helpful and informative. She always took the time to ensure I knew what the process was and guided us through everything we needed.
Gemma Karalius
Gemma Karalius
Absolutely recommend Hayley she has been brilliant very professional in her job and very knowledgeable nothing is to much trouble
Tracey Woods
Tracey Woods
Very efficient and friendly service. I’ve used this company for many years. Would definitely recommend.
Simon Ithell
Simon Ithell
We have always had good support from Swift Accountants and would highly recommend them especially impressed with Gemma and Hayley. Thank you and keep up the excellent service.
Carl Blythen
Carl Blythen
So pleased with Rob and his team at Swift accountants always helpful and professional very prompt service either by phone or email We know we can trust them with all our Tax affairs
David Roberts
David Roberts

Our Proven Process: Partnering for Your Success

At Swift Accountants, we believe that a strong partnership begins with a clear and transparent process. Our goal is to make your experience seamless, reassuring, and results-driven. Here's how we work with you to deliver exceptional accounting services that empower your business.

Initial Consultation

We start by getting to know you and your business intimately. Discovering Your Vision And Identifying Opportunities. Our team analyses your current financial situation to uncover areas where we can add significant value.
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Direction Arrows
Step 1

Customised Proposal and Egagement

Based on our initial consultation, we develop a bespoke package of services that align perfectly with your needs. We believe in honesty and clarity when it comes to fees. We finalise our agreement to begin our journey together.
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Direction Arrows
Step 2

Seamless Onboarding and Setup

We handle the heavy lifting to get everything set up quickly and accurately. We integrate your financial data into our advanced accounting platforms. We introduce you to the professionals who will be working closely with you.
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Direction Arrows
Step 3

Ongoing Support and Proactive Communication

We schedule consistent updates to keep you informed and ahead of the curve. Our experts don't wait for issues to arise—we anticipate them. We're always here when you need us.
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Step 4

Ready to Transform Your Business Financially?

At Swift Accountants, our streamlined process is designed with one goal in mind: your success. We're more than just accountants—we're your strategic partners committed to helping you achieve your business objectives.

Imagine the impact of having expert financial guidance tailored specifically to your needs.

Get In Touch

How We Can Support Your Business

Starting a Business

Embarking on a new venture is both exciting and daunting. We assist entrepreneurs in: Business Planning, Legal Structure Advice, Regulatory Compliance, Financial Setup.
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Acquiring a Business

Purchasing an existing business can accelerate your entrepreneurial journey. We help you with: Due Diligence, Valuation Services, Negotiation Support, Integration Planning.
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Growing Your Business

Scaling your business requires strategic planning and effective execution. Our expertise includes: Strategic Growth Planning, Financial Management, Raising Capital, International Expansion.
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Succession Planning

Preparing for the future leadership of your company is crucial. We offer: Leadership Development, Ownership Transition, Tax-Efficient Strategies, Business Valuation.
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Exiting a Business

When it's time to move on, we guide you through: Exit Strategy Development, Financial Planning, Legal Compliance, Emotional Support.
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Selling Your Business

Achieve the best possible outcome with our support in: Market Positioning, Buyer Identification, Deal Negotiation, Transaction Management.
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"We Care, You Prosper"

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Where You can Find Us:

Chester Office

3 Chowley Court,
Chowley Oak
Tattenhall,
CH3 9GA

Warrington Office

The Brew House,
Greenall's Avenue,
Warrington,
WA4 6HL

Contact Us:

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Personal Accountant Services

Capital Gains Tax

Income Tax

Inheritance Tax Planning

Self Assessment Tax Returns

Tax Planning

Corporate Accountant Services

Accounts Auditing

Accounting Compliance

HMRC Audits

Payroll

VAT Return Filing

Who We Work With

Construction Companies

Freelancers

Limited Companies

Manufacturing Companies

Sole Traders & more

Locations

Chester

Telford

Warrington

Whitchurch

Wrexham and more

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FAQs

Tax Saving Guide 24/25

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© 2025 Swift Accountants is the trading name of R J Accountants Limited. Registered number 11170924

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