Frequently Asked Questions

Engaging the right professional at the outset can be the difference between success and failure for your business. The preliminary advice you receive here can save you lots of pain and cost further down the road. For example, getting the structure right for your business is crucial to its success. Whether a Sole Trader, Limited Company or LLP is optimal for you will depend on your circumstances. A second example would be VAT registration, where it can be useful if your customer is a VAT registered business to voluntarily register to boost cashflow for your start-up business.

The knowledge, sacrifice and commitment required to become a chartered accountant and particularly to set up a successful chartered firm, will provide confidence to you to choose the right advisor to support your business. Are there world-class accountants who are not members of a chartered professional body? Absolutely. Are all chartered accountants world-class? Unfortunately, not. However, the protection you have as a landlord / business owner is greater if you engage those held to the highest of standards.

The answer to this question is yes, however, the question is phrased wrong. The right question is should you do your own accounting? Your time should be spent doing what you do best. It is easy to fall into the trap of believing you are saving money, however, your time has a cost (as does the accountant’s time to correct inevitable errors).

It depends. Having a specialist tax advisor can be critical depending on your needs. Whilst we at IWN assist lots of different business types with their accounting compliance and tax planning, we have a particular specialism in helping portfolio landlords. If this is you, then you will not need a separate tax advisor with IWN.

Of course! With regular bookkeeping in place, we can provide you and your business with greater clarity of your ongoing financial position – allowing you to remain compliant and make informed decisions.

We make the process super easy, and the best part is we do all the heavy lifting. Our onboarding process makes the switch as seamless as possible, and we keep you informed at every step of the way, liaising with your previous accountant to make sure all relevant information is transferred across to us.

Firstly, amounts paid to your accountant should never be considered ‘fees.’ Instead, they should be an investment which provides you with peace of mind – so you can sleep at night knowing you are compliant, more time to focus on your family and growth of your business, all whilst paying the least amount of tax in accordance with the latest legislation.

Typically, an investment for a Limited Company starts from £100 per month (ex VAT) for basic compliance services (lower fees apply if you are a Sole Trader / Partnership etc). We’re able to offer more comprehensive solutions should this meet your needs.

Following an initial Discovery Call with you, where we build out an understanding of your needs, we will share a Proposal outlining how we can support you and your business, so you have clarity on the scope and monthly investment required.