Handpicked Accountants

"Thankfully I came across Handpicked Accountants and was able to find a whole host of reputable accountants in my area and, from there, I could select one based on my preferences such as how accessible they are to me, what their key services are, and so on." - Simon, Lowestoft

New Graphic Design Business - Simon, Lowestoft | Handpicked Accountants Trying to find a local accountant in your area? Visit Handpicked Accountants to help you with your business start up needs, read our case study online now.

📑 Is your accountant responsible if they make a mistake on your tax return?

Many business owners assume the responsibility lies with their accountant—but in most cases, you're still ultimately responsible for the accuracy of your tax return submitted to HMRC, even if an accountant prepared it.

Understanding your responsibilities, and what steps you can take if an error occurs, can help minimise the impact on your business.

Read our guide:
https://www.handpickedaccountants.co.uk/articles/accounting/am-i-personally-liable-if-my-accountant-makes-a-mistake-with-my-tax-return

Am I personally liable if my accountant makes a mistake? Hiring an accountant to take care of your financial affairs is something many company directors choose to do. However, who is to blame if things go wrong?

🚀 Starting a new business? Make sure you've covered the essentials.

Launching a business is exciting, but success starts with solid planning. From choosing the right business structure and registering with HMRC to managing finances and understanding your legal obligations, getting the basics right can save time and money later.

Our Start-Up Business Checklist highlights the key steps every new business owner should consider before getting started.

Read more:
https://www.handpickedaccountants.co.uk/articles/general/a-start-up-business-checklist

A start-up business checklist There’s so much to think about when you’re starting a new business and it’s easy to overlook something important if you don’t use a to-do list.

💼 Thinking of buying the business of an insolvent company?

It can be an excellent opportunity to acquire valuable assets, customers and goodwill at an attractive price—but it's important to understand the risks as well as the rewards.

Carrying out thorough due diligence is essential. Buyers should consider issues such as employee rights, existing contracts, intellectual property, and whether any liabilities could transfer as part of the transaction. Taking professional advice early can help avoid costly surprises and ensure the acquisition is structured correctly.

Our latest guide explores the key benefits, common pitfalls, and what to consider before purchasing the business of an insolvent company.

Read more:
https://www.handpickedaccountants.co.uk/articles/business-start-ups/how-to-buy-the-business-of-an-insolvent-company-pitfalls-and-benefits

How to buy the business of an insolvent company It is often the case that even a company that has fallen into insolvency will still have some viable parts to the business that are worth saving.

👥 **Corporate restructuring can be challenging—but employees still have important legal protections.**

When a business enters restructuring or insolvency, employers must continue to meet a range of legal obligations relating to staff, including consultation requirements, employment rights and redundancy processes. Understanding these responsibilities can help businesses navigate change while remaining compliant.

Whether you're advising clients or managing a business through financial difficulty, it's important to know where you stand.

Read our latest guide:
https://www.handpickedaccountants.co.uk/articles/insolvency/legal-protections-for-employees-during-corporate-restructuring-and-insolvency

Legal Protections for Employees Insolvency means that your employer cannot pay its debt when they fall due and/or their liabilities exceed their assets. When a company becomes insolvent, there are several types of insolvency proceedings that could take place.

📋 **Avoid these common self-assessment tax return mistakes.**

Simple errors on a tax return can lead to unnecessary delays, penalties or even an enquiry from HMRC. Common mistakes include entering incorrect figures, forgetting to declare additional income, or missing key deadlines. Starting your return early and checking everything carefully can help you avoid costly pitfalls.

Our latest guide highlights some of the most common self-assessment mistakes and explains how to avoid them.

Read more:
https://www.handpickedaccountants.co.uk/articles/business-tax/common-tax-return-mistakes-how-to-avoid-self-assessment-pitfalls

Common Tax Return Mistakes As a contractor, there’s a lot to keep on top of when it comes to tax and Self Assessments. When you’re busy balancing the demands of running a business, there are common mistakes that you might overlook which could have significant consequences.

Finding the right accountant isn't just about cost.

It's about finding a trusted adviser who understands your business, your goals and your challenges.

https://www.handpickedaccountants.co.uk/

Find an accountant in your local area - Handpicked Accountants Handpicked Accountants connects business owners with a trusted and reliable accountant in your local area. Looking for an accountant? Start your search now.

Your accountant should be helping you look ahead—not just report on the past.

Regular financial insight can help directors make better decisions and avoid unexpected challenges.

https://www.handpickedaccountants.co.uk/

Find an accountant in your local area - Handpicked Accountants Handpicked Accountants connects business owners with a trusted and reliable accountant in your local area. Looking for an accountant? Start your search now.

📊 A great accountant does more than submit tax returns.

They can help improve cash flow, identify efficiencies, support growth and provide valuable strategic guidance.

Find the right accountant for your business:

https://www.handpickedaccountants.co.uk/

Find an accountant in your local area - Handpicked Accountants Handpicked Accountants connects business owners with a trusted and reliable accountant in your local area. Looking for an accountant? Start your search now.

Your accountant should be helping you look forward, not just backwards.

Regular financial reviews, forecasting, budgeting, and strategic advice can help business owners make better decisions and avoid costly surprises.

Find your perfect accounting partner at Handpicked Accountants: https://www.handpickedaccountants.co.uk/

Find an accountant in your local area - Handpicked Accountants Handpicked Accountants connects business owners with a trusted and reliable accountant in your local area. Looking for an accountant? Start your search now.