FAQ’s

NO, We offer free initial consultations without any obligation. This allows you to discuss your specific needs, ask questions, and get a clear understanding of how we can assist you. During the consultation, we will provide valuable insights and advice tailored to your situation. There is no cost associated with this initial meeting, and you are under no obligation to proceed with our services. We believe in providing a transparent and no-pressure environment to ensure that you make informed decisions that are right for you and your business.

ACCA and CIMA both set high standards of professionalism and ethics, which they expect their members to adhere to in their work. They actively regulate and monitor compliance with these standards and the relevant laws. Being a member of these professional bodies confirms that we have attained and maintained a standard of excellence in our field.

By engaging our services, you can trust that our team operates with integrity, follows best practices, and stays updated with the latest industry developments. Our affiliation with ACCA and CIMA serves as a testament to our commitment to providing high-quality services and upholding the highest professional and ethical standards in our work.

In order to assess the scope of work involved, we would appreciate a brief review of your books and records. Additionally, it would be helpful to have a copy of your most recent financial accounts prepared by your current accountant. This will allow us to provide you with relevant and accurate advice tailored to your specific situation. If there are any specific areas or concerns you would like assistance with, please let us know. Any additional information you can provide will help us better understand your needs and provide you with the appropriate support and guidance.

Using an accountant will ensure that you do not make accounting and financial errors. It will also help you avoid the risk of incurring various HMRC penalties and having to pay interest for late submission of tax returns and late payments of tax

As a general guideline for self-employed individuals, setting aside around 30% of your earnings is a common recommendation to cover tax and national insurance contributions. However, it’s important to note that this percentage is just an estimate and should be adjusted based on your actual tax liabilities and individual circumstances. As you become more experienced and gain a better understanding of your likely tax bills, you can refine and tailor the percentage to better align with your specific situation. Consulting with an accountant or tax professional like us is highly recommended as they can provide accurate guidance and help you determine the appropriate percentage based on your unique circumstances. They can also assist you in planning your finances effectively and ensure compliance with tax regulations.

Certainly No! We fully embrace advanced technology and employ a range of communication tools, including Teams, Skype, Zoom, phone, and email, to work with our clients. Regardless of your geographical location, our remote working capabilities enable us to seamlessly collaborate and provide our services. Whether you are located nearby or in a different country, our virtual infrastructure ensures that distance does not hinder our dedicated assistance. Through convenient online communication, we ensure that our clients receive the committed support they need, regardless of their location.

Each of our clients is assigned a dedicated accounts manager to provide personalized service and support. With our fixed fees, you can have peace of mind knowing that there won’t be any unexpected additional bills as long as the service is utilized fairly. We kindly request your understanding that when you call, there may be instances where your accountant is engaged with complex tax calculations or other important tasks. In such cases, they may ask for a suitable time to call you back, ensuring they can provide your accounts with their full attention. Rest assured, your accountant will reach out to you as soon as they have completed their ongoing tasks.

Absolutely No! To make things easier for you, our procedures have been streamlined and are completed online. Once you approve your price via email, we will get in touch with you right away to get the essential data and answer any questions you may have. We will do this via phone or email. A welcome email introducing the personal Account Manager will also be sent. We provide a pleasant onboarding process for our clients, we strive to deliver clear communication.

It is easy and uncomplicated to use our bookkeeping services or switch to Oasis Accountants as your new accountant. After deciding to work with us, all you have to do is give us the information from your prior accountant, and we will take care of the rest of the transition for you. To ensure a seamless transition of your accounting services to Oasis Accountants, our staff will handle all necessary correspondence and paperwork.

Your accounting records must be kept for a minimum of six years.

RTI, which stands for Real Time Information, is the approach for reporting wages, salaries, PAYE (Pay As You Earn), and National Insurance to HMRC (His Majesty’s Revenue and Customs). Previously, PAYE data would be submitted at the end of the Tax Year. However, with recent changes, it is now required to submit data to HMRC online in real-time whenever employees receive payment.