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Your Accountancy Questions Answered.

Our panel of expert accountants have answered your most commonly asked questions.
accountancy frequently asked questions

Higsons is proud to offer a range of accountancy and financial services to Farnworth, Bolton, Kearsley, Greater Manchester, Lancashire and the surrounding areas. The services we offer include:

• Bookkeeping
• Self-Assessment Tax Returns
• Management Accounts
• Payroll
• Company Formation & Incorporation
• Corporate Finance & Recovery

And much more, click here.

The answer to this is simple. We are the leading accountants in Bolton, and amongst the best in the North West. We provide business owners and entrepreneurs with the accounting solutions they need for now and the future. We also offer a plethora of additional services such as mortgages and financial planning thanks to our friends at Danbro Financial Planning. Get in touch to discuss your accounting and business needs with us and see how we can help you and your business grow.

Whilst it is not mandatory to use an accountant when running your own business, either as a sole trader, Limited company, partnership, or charity, it is advisable for a number of reasons:

Tax Compliance – an accountant will ensure you pay all the tax that is legally due so you do not fall foul of HMRC.
Tax Reduction – an accountant will ensure that you only pay the tax that’s you legally required of you. This can result in a reduction in your tax bill, as you may have been overpaying.
Budgeting & Planning – a good accountant should help you budget effectively and develop robust, yet flexible, business plans to help you achieve your goals.
Peace of Mind – this is perhaps the most important thing an accountant can offer you. When using a good accountant, you will have the reassurance you need, knowing that your tax bill is as low as is legally possible and that you are compliant with all tax legislation.
Time – producing and submitting accounts to HMRC is time consuming. It’s far more productive for you to outsource that to an accountancy practice like Higsons, so you can concentrate on running and growing your business.

Here at Higsons we put our clients first. We understand that time is always of the essence when you run your own business. This is why we always respond to enquiries within 24 business hours – maximum.

We make it as easy as possible to benefit from Higsons’ specialist services. The most popular way is to arrange a free consultation where we can discuss your needs and objectives, and plan out how we can help you to achieve your goals. To book your free consultation simply Get in Touch online, email us at or call us direct on 01204 861 772. We look forward to helping you and your business grow.

Yes, it is very easy to switch to Higsons for all your accounting needs. Once you have agreed to use Higsons, simply sit back and we will do the rest. To start your journey, get in touch today.

No, while we do advise it is best to make an appointment, you are more than welcome to pop into our local office in Farnworth to ask any questions you may have. We will do our best to see you there and then, but we may need to arrange a further appointment if your concerns are more complex. Don’t worry, we do have very good tea and coffee for whenever you drop by.

A professional who has successfully finished a demanding training and qualification programme in accounting and financial management is known as a chartered accountant. Typically, their duties include preparing financial statements, checking financial records, giving financial business advice, and making sure that all applicable rules and regulations are followed. Chartered accountants are frequently employed by government agencies, private businesses, or public accounting firms.

Digital accounting is simply accounting using special software like Freeagent, Quickbooks and Sage.  These systems, with the help of a professional accountant, can automate and provide efficiency savings alongside allowing both accountants and yourself to view accounts in real-time.  That being said we do not push you to use any system you do not wish to, and we are more than happy to take over your digital accounts to save you time.

No, we are a local, Farnworth based accountancy provider and we deal with all types of clients from the tech novices to the tech savvy. We can help you wherever you are on your electronic journey and we will tailor our services to meet your specific needs.

Yes, here at Higsons we offer a complete start-up and company formation service. We can advise on the best options to meet your needs and ensure that you are fully compliant and supported with exceptional advice from the word go.

There is no simple answer to this question as it would depend on your personal circumstances. The best way to answer this is to come and visit us in our Farnworth high street office and we can discuss what would be best for you now and in the future. To book a free consultation simply call 01204 861772 or Get in Touch here.

Certainly, we offer a range of services such as budgeting and planning through to corporate recovery. Simply book an appointment to discuss your needs and we will discuss what options are available to you. Call 01204 861772 or click here to book a free appointment now.

Yes, we offer all clients a complete payroll solution from one employee to hundreds. Simply talk to us today to see how we can help streamline your payroll and ensure compliance and peace of mind. Get in Touch here.

This is a common question our tax experts at Higsons often hear. VAT and other forms of tax on businesses is a complicated matter and it is all too easy to overpay. This is why we offer a full tax planning service, which will identify all the legal ways we can help you to reduce your tax bill, including VAT if applicable. We will work with you to reduce your tax bill so you can enjoy more of your hard-earned money.

Of course, we help thousands of people across the North West with their personal tax returns and other accountancy needs. We work with them to ensure that they only pay the legal minimum in tax, so that they can enjoy more of their hard-earned money. Get in Touch to discuss how we can help you.

A Self-Assessment Tax Return is a personal tax return which must be completed if any of the following applies to you for the last tax year.

• You were self-employed, sole trader, and had an income exceeding £1000 (prior to taking off anything which you could claim tax relief on)
• You were a partner in a business partnership
• Your taxable income exceeded £100,000
• You paid Capital Gains Tax
• You had to pay the High Income Child Benefit Charge

The above is not an exhaustive list, please consult with an accountant or visit the government website for more information. Self Assessment tax returns: Overview – GOV.UK (

If any of the above does apply to you then please feel free to get in touch as we would be more than happy to help you with your Self-Assessment Tax Return as we help hundreds of people every year remain compliant and reduce their personal tax.

Talk to Higsons Today.

Send us your query/message along with your name, email address, and a contact number, and a member of our specialist team will get back to you within 24 business hours.
You can also call us on 01204 861 772 or pop into our office in Farnworth anytime, we’re open weekdays between 9am and 5pm.

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