Frequently Asked Questions

If you can’t find an answer below to your question, please contact us for more information.

What accounting services do you offer?

We have a comprehensive accounting service offering that includes:

Limited Company Accounts and Corporation Tax Returns

Personal Tax and Accounts

Tax Advice for Landlords

Advice on Tax and Your Employment Status

Preparation of Your Self-Assessment Tax Returns

Inheritance Tax Planning

Personal Tax Investigations

Partnership and Unincorporated Business Tax Planning

VAT and Other Indirect Taxes

Capital Gains Tax Advice

Capital Allowances and Property Tax

Payroll & CIS

What types of businesses do you support?

Our client base is composed of businesses of all sizes and industries, whether you are a sole trader or a limited company. We aim to provide an efficient service to sole traders, small businesses and SMEs in Swansea and across South Wales.

What geographical areas do you cover?

Lee Coombes Accountancy Digital is located in Swansea, but our client base covers the whole of South Wales and also Brecon and Powys. Our sister practice, Nottingham Accountancy, looks after the accounting needs of clients in England.

Can I do my own bookkeeping?

Bookkeeping is a task that business owners find difficult to find the time to complete, and it can divert your attention from other areas of your business. The process is not as straight forward as some may think, and accurate bookkeeping is vital to understand the financial health of your business.

Our monthly bookkeeping service takes the hassle away from business owners, allows you to better understand your business costs and concentrate on what matters: your business.

It can be more costly to re-do and improve the bookkeeping services. Giving your bookkeeping service to a registered accountant takes the hassle away and ensures it’s all accurate.

Which business expenses can I claim?

Correctly calculating your business outgoings is just as important as calculating its revenue. Your business is taxed on its profits, and strict rules govern what can and cannot be attributed as a business expense.

Expenses include the cost of any goods or stock materials that are resold, as well as rent and running costs for your premises, marketing spend, travel costs and general running expenses. Our bookkeeping service and tax advisor service will help you gather your expense information, calculate the expense total and decide the proportion of costs that will go against tax.

Costs that cannot be included as personal expenses include:

Travel to work – in some cases travelling to various sites for your work can be included, get in touch for more information this

Living Expenses

Fines

Equipment (this is covered by the capital allowance system)

How much do accountancy services cost?

With no hidden fees and a fixed monthly cost, you always know what you are paying for. All the services you require are included in this price, and costs are spread over 12 equal payments. We can tailor a package to suit your business’ needs, provide a complete accountancy service, or if you would prefer to undertake some aspects yourself, you can pay for specific services as and when you need them.

If you are looking for accountancy services in Swansea, contact us for more information by calling 01792 346272 or by emailing info@leecoombesaccountancy.co.uk.

Why do I need a tax advisor?

Utilising a professional tax advisor ensures that you will be paying the correct amount of tax and that your documentation is accurate and on time, removing the stress and hassle involved in compiling and submitting your tax return information.

Business owners can submit tax information themselves, but working alongside a dedicated tax consultant, such as Lee Coombes Accountancy Digital, will give you peace of mind that your finances will are in good hands, and save you the time and effort in gathering your tax information.

What tax advice do you offer?

We can support many aspects of tax advice, including income tax, capital gains tax, inheritance tax as well as tax planning and other areas of personal tax. Within our service range, we can also aid with VAT quarterly returns and corporation tax returns.

Our priority is to ensure that you pay the minimum amount of tax as required by the law.

We also offer: