Question 1

How easy is it to move accountants, and can it be done partway through the year?

Accepted Answer

It's far easier than you might think. There's no 'accounting year' you have to wait for — you can switch accountants at any point, and many of our clients move to us partway through the year. As one of the very first UK firms to adopt Xero, we simply request your records from your current accountant, migrate your books into Xero, and take over seamlessly. We handle all the admin, including the handover to HMRC and Companies House registration, so there's zero disruption to you or your deadlines. Contact us to arrange a free, no-obligation consultation.

Question 2

How much does an accountant cost in Peterborough?

Accepted Answer

At Figures UK, sole traders pay £73 per month for Making Tax Digital and limited companies from £220 per month — all for a fixed, all-inclusive fee. That covers bookkeeping, VAT returns, payroll, tax returns, and unlimited advice. No hourly rates, no surprise invoices.

Question 3

What is included in your monthly accounting fee?

Accepted Answer

Your fixed monthly fee includes bookkeeping, VAT returns, payroll, self-assessment or corporation tax returns, CIS returns where applicable, quarterly Making Tax Digital accounts, and unlimited phone and email advice. As one of the very first accountants in the UK to adopt Xero with clients, we're exclusively Xero-based, and Dext receipt capture is included for streamlined record-keeping.

Question 4

Do I need an accountant as a sole trader in the UK?

Accepted Answer

You are not legally required to use an accountant as a sole trader, but it is strongly recommended. A good accountant ensures your tax return is accurate, your expenses are correctly claimed, and you are prepared for Making Tax Digital. Figures UK's Making Tax Digital service for sole traders costs just £73 per month.

Question 5

What is Making Tax Digital?

Accepted Answer

Making Tax Digital (MTD) is HMRC's initiative requiring businesses to keep digital records and submit returns through MTD-compatible software. Figures UK use Xero, which is fully MTD-compliant, and manage the entire process for you — so you never miss a deadline.

Question 6

What is CIS and do construction businesses need help with it?

Accepted Answer

The Construction Industry Scheme (CIS) requires contractors to deduct money from subcontractor payments and pass it to HMRC. Managing CIS correctly — registration, monthly returns, subcontractor verification — is complex. Figures UK are CIS specialists and support many construction clients in and around Peterborough.

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MTD for Income Tax is here.
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