Common Questions
Frequently Asked Questions
I run a York restaurant, hotel or hospitality business. What do you provide?
Seasonal hospitality bookkeeping geared to the tourist trade, the right VAT treatment (eat-in and hot food standard-rated; accommodation standard-rated), payroll, tronc for tips, annual accounts and Corporation Tax if a company, plus director self-assessment, bundled into a fixed monthly fee with cloud accounting.
Do I need to be local to use you as my York accountant?
No, we work with York clients entirely online, by phone, email, video call and secure document exchange. You get the same depth of understanding and personal service without needing to visit an office. Most modern accountancy is handled remotely.
My York hospitality business uses tronc for tips. How does it work?
The tronc must be run by an independent tronc master through a separate payroll. Tronc payments are subject to income tax but exempt from employer and employee NIC. The Tipping Act (October 2024) requires 100% of tips reach staff. We'll structure it properly.
My York biotech or rail-tech business does development work. R&D tax credits?
Quite possibly. R&D for tax is seeking an advance in science or technology by resolving technical uncertainty, genuine biotech, software and technical product development usually qualifies. We assess your projects, identify qualifying costs, write the technical narrative and submit the claim.
I'm a York landlord with a student HMO. What can I claim?
HMOs have higher allowable costs: HMO licensing fees, communal area cleaning and utilities, additional safety certification, fire safety equipment, more frequent repairs and furniture replacement (via Replacement of Domestic Items relief). These are often under-claimed. We capture them all and model whether incorporating beats the Section 24 position.
Should my York business be a Ltd company?
At profits above £40,000-£50,000 a Ltd company typically saves £2,500-£5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.
I'm a York landlord. What can I claim against rental income?
Repairs and maintenance, letting agent fees, landlord insurance, ground rent and service charges if leasehold, gas and electrical safety certification, mortgage interest (with the Section 24 restriction), and Replacement of Domestic Items relief on furniture. We capture everything and file your self-assessment.
How do I get started?
Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with York clients fully online and we're experienced with tourism and hospitality, rail and biotech firms, contractors, student-let landlords and the YO community.