Frequently Asked Questions
Find quick answers about working with us and the UK tax rules that affect your business.
Working with us
Who are Financial United LTD?
Financial United LTD is an accountancy and tax practice based at 8 Rondel Street, Shrewsbury. Our team of qualified accountants and finance professionals supports sole traders, landlords, partnerships and limited companies across the UK with accounts, tax, payroll and business advice.
Do you only work with businesses in Shrewsbury?
No. While our office is in Shrewsbury, we support clients across Shropshire, the Midlands, Wales and London, and nationwide using secure cloud software, video calls and email.
How much do your services cost?
We offer fixed, affordable fees agreed upfront, tailored to the size and needs of your business. There are no surprise bills. We are confident we can beat any like-for-like quote, so get in touch for a free, no-obligation quote.
How do I switch accountants?
Switching is simple. Once you appoint us, we contact your previous accountant for the professional clearance and handover information, and we take care of the rest.
Is my data safe with you?
Yes. We use secure, encrypted cloud software and handle all personal data in line with UK GDPR and the Data Protection Act 2018.
Tax and compliance
When is the Self Assessment deadline?
Online Self Assessment returns for the tax year ending 5 April must be filed by 31 January the following year. Any tax owed must also be paid by 31 January. Paper returns are due by 31 October.
What is Making Tax Digital?
Making Tax Digital (MTD) is HMRC's programme requiring businesses to keep digital records and submit information using compatible software. It already applies to VAT, and from April 2026 it applies to sole traders and landlords with qualifying income over £50,000, with lower thresholds following in later years.
When do I need to register for VAT?
You must register for VAT if your taxable turnover goes over the VAT registration threshold (currently £90,000) in a rolling 12-month period, or if you expect it to within the next 30 days.
What can I claim as a business expense?
Generally, costs incurred wholly and exclusively for your business can be claimed, such as stock, office costs, travel, professional fees and a proportion of home running costs if you work from home. We will make sure you claim everything you are entitled to.
What should I do if HMRC opens an enquiry?
Contact us straight away. We will review HMRC's letter, advise you on next steps and deal with HMRC on your behalf.
Ready to take the stress out of your accounts?
Speak to a qualified accountant today. Fixed, affordable fees, and we can beat any like-for-like quote.