Frequently Asked Questions

Get to know Wright Vigar and explore answers to common questions we get asked.

Get to know Wright Vigar
Your Questions Answered

Category

General

Changing accountant

Fees and Pricing

Where are you based?

Wright Vigar is based in the East Midlands, with offices in various locations including Gainsborough, Lincoln, London, Mansfield, Newark, Nottingham, Retford and Sleaford. We proudly serve clients across the region and beyond. Contact us to find out how we can support your financial needs, no matter where you are located.

What does an accountant do?

We help manage your financial records, provide advice on tax matters, assist with business planning, and ensure compliance with relevant laws. At Wright Vigar, we go beyond traditional accounting to offer personalised services that help you achieve your business goals. Get in touch to learn more about how we can assist you.

What sectors do you cater for?

Wright Vigar has extensive experience in a wide range of sectors, providing tailored solutions to meet the unique needs of each industry. Contact us to see how we can support your sector.

What services does your accountancy firm offer?

Wright Vigar offers a comprehensive range of services including accounting, auditing, taxation (including crypto tax), payroll, and succession planning. We also provide specialised advisory services to help you grow and manage your business effectively. Reach out to explore our full range of services.

Who do you help?

We help a diverse range of clients, from entrepreneurs and small businesses to high-net-worth individuals, groups of companies and charities. Wright Vigar is committed to providing personalised financial solutions that meet the unique needs of each client. Contact us to see how we can help you achieve your financial goals.

Do I need to see you in person?

While we value face-to-face meetings, we also offer remote meetings via phone or video call to accommodate your preferences and location. Wright Vigar is flexible and here to support you in the way that works best for you. Contact us to arrange a meeting that suits your needs.

Do I need to have an accountant?

While it's not legally required to have an accountant, having one can simplify your financial management and ensure compliance with tax regulations. Wright Vigar provides expert advice and support, helping you save time and avoid costly mistakes. Reach out to discuss how we can assist you.

What are the benefits of hiring a chartered accountant for my business?

Hiring a chartered accountant like Wright Vigar ensures you receive professional, regulated, and highly qualified financial advice. We provide comprehensive services that can help improve your business performance, manage risks, and ensure compliance with tax laws. Contact us to learn more about the benefits we offer.

Does it matter if I am not local to your firm?

No, it doesn't. We serve clients from all over the UK and can effectively communicate and manage your accounting needs remotely. Wright Vigar utilises the latest technology to provide seamless services regardless of your location. Contact us to discuss how we can support you no matter where you are.

What sets your firm apart from other accountancy practices?

Wright Vigar stands out due to our personalised approach, extensive expertise, and commitment to client success. We combine the personal touch of a local firm with the resources of a larger practice, ensuring you receive top-quality service tailored to your needs. Contact us to experience the Wright Vigar difference.

How easy is it to change accountants?

Changing accountants is easier than you might think. We handle most of the transition process for you, ensuring a smooth handover with minimal disruption to your business. Wright Vigar is here to make the switch as seamless as possible. Contact us to start your transition.

What are the benefits of changing accountants?

Changing accountants can bring fresh perspectives, better service, and more tailored advice. At Wright Vigar, we provide proactive and personalised support that aligns with your business goals, helping you achieve greater financial efficiency and growth. Get in touch to discuss how changing to our firm can benefit you.

What should I look for when changing accountants?

When changing accountants, look for expertise in your industry, a track record of reliability, and a personalised approach to service. Wright Vigar offers all of these and more, ensuring you get the best possible support. Contact us to explore why we are the right choice for you.

Aren't all accountants the same?

Not all accountants offer the same level of service or expertise. Wright Vigar distinguishes itself with a commitment to personalised, proactive, and comprehensive financial support tailored to your needs. Contact us to see how we can provide more than just standard accounting services.

What do I need to change accountants?

To change accountants, you will need to inform your current accountant and obtain your financial records. Wright Vigar can handle the rest, including communicating with your previous accountant and setting up your accounts with us. Contact us to make the switch smooth and straightforward.

How much does an accountant cost ?

The cost of an accountant varies depending on the services you need . At Wright Vigar, we offer competitive pricing and tailor our services to fit your budget and requirements . Contact us for a personalised quote that meets your financial needs .

Am I likely to incur any unexpected charges?

At Wright Vigar, we believe in transparent pricing. We provide a detailed estimate of costs upfront and discuss any potential additional charges before proceeding with extra services. Contact us to get a clear understanding of our fees and avoid unexpected charges.

How do I obtain a quote for your services?

To obtain a quote, simply contact us to discuss your needs. We'll provide a detailed estimate based on the specific services you require. Wright Vigar is committed to offering competitive and transparent pricing . Get in touch to receive your personalized quote .

Do you offer consultations or initial meetings for prospective clients?

Yes, we offer free initial consultations to discuss your needs and how we can help. Wright Vigar believes in building strong relationships from the start, and we're eager to understand how we can support your financial goals. Contact us to schedule your consultation.

Category

Business Start-up

Growing your Business

Tax Planning & Compliance

Software

How can an accountant help me start my business?

We provide invaluable support in the initial stages of your business by helping you create a robust financial plan, ensuring compliance with tax regulations, and advising on the best business structure. Wright Vigar offers personalised guidance tailored to your specific needs, helping you avoid common mistakes and set a strong foundation for success. Contact us to get expert advice on starting your business right.

Can an accountant save me money?

Absolutely! Our team can help you identify tax-saving opportunities, streamline your financial processes, and provide strategic advice to minimise costs and maximise profits. At Wright Vigar, we're committed to finding ways to enhance your financial efficiency. Reach out to see how we can help you save money.

How do I choose the right structure for my business?

Choosing the right business structure is crucial as it affects your tax obligations, legal liabilities, and overall management. We can explain the pros and cons of each structure—whether it's a sole trader, partnership, or limited company—and help you make an informed decision that aligns with your business goals.

What legal requirements do I need to meet when starting my business?

Starting a business involves various legal requirements, from registering your company to meeting tax obligations and obtaining necessary licenses. Our team at Wright Vigar can guide you through each step, ensuring compliance and setting you up for a smooth start.

Can you help with bookkeeping and accounting software setup?

Yes, we can assist with both bookkeeping and setting up accounting software tailored to your business needs. Our team ensures you have the right tools to keep your finances in order and streamline your accounting processes. Contact us to learn how we can help you implement the best solutions for your business.

What is the process for company formation and registration?

Company formation involves selecting the appropriate business structure, registering your company with Companies House, and setting up essential documentation. Wright Vigar provides comprehensive support throughout this process, ensuring everything is handled efficiently and correctly.

Do you support with mergers and acquisitions?

Yes, we offer expert advice and support throughout the mergers and acquisitions process, including due diligence, valuation, and negotiation. Wright Vigar helps you navigate these complex transactions to achieve a successful outcome. Contact us to discuss your M&A needs and how we can support your growth strategy.

How can an accountant help me manage my cashflow?

Effective cash flow management is crucial for maintaining the financial health of your business. We can help you forecast cash flows, identify potential shortfalls, and implement strategies to optimise your cash reserves. Let Wright Vigar assist you in keeping your business financially stable. Get in touch for more details.

How can an accountant help grow my business?

Our team provide strategic advice on expanding your business, improving profitability, and optimising operations. Wright Vigar can help you develop a growth plan, manage risks, and identify new opportunities for revenue generation. Contact us to explore how we can support your business growth.

Can an accountant help me secure funding to grow my business?

Yes, we can assist you in securing funding by preparing compelling financial statements, business plans, and cash flow forecasts. Wright Vigar has extensive experience in helping businesses obtain loans, grants, and investment capital. Reach out to learn how we can help you secure the funding needed for growth.

How can an accountant assist with tax planning and compliance?

We help you navigate complex tax regulations, ensuring you comply with all requirements and deadlines while identifying opportunities for tax savings. Wright Vigar offers proactive tax planning strategies to minimise your tax liability and ensure compliance. Contact us to optimise your tax strategy.

What is VAT?

Value-Added Tax (VAT) is a tax on the sale of goods and services. Businesses must register for VAT and regularly submit returns if their taxable turnover exceeds a certain threshold. Wright Vigar can help you with VAT registration, returns, and compliance. Contact us for expert VAT advice and support.

What is corporation Tax?

Corporation Tax is a tax on the profits of limited companies and other corporate entities. Wright Vigar offers comprehensive Corporation Tax services, from preparing and submitting your tax returns to providing strategic advice to minimize your tax bill. Reach out to ensure your company meets its Corporation Tax obligations.

Do you provide assistance with personal tax returns?

Yes, we assist individuals with their personal tax returns, ensuring all income is reported accurately and taking advantage of any applicable deductions and credits. Wright Vigar makes the process straightforward and stress-free. Contact us to simplify your personal tax return process.

What tax obligations do I need to be aware of?

Businesses must be aware of various tax obligations, including VAT, Corporation Tax, Income Tax, and PAYE for employees. Wright Vigar provides comprehensive guidance on meeting these obligations, ensuring you stay compliant and avoid penalties. Get in touch to learn more about your tax responsibilities.

How can an accountant help minimise my tax liability?

We help you identify opportunities to reduce your tax liability through strategic planning, such as tax-efficient investments and optimal use of allowances and reliefs. Wright Vigar helps you keep more of your hard-earned money. Contact us for a personalised tax minimization strategy.

What are the advantages of using accounting software for my business?

Accounting software can streamline your financial processes, improve accuracy, and provide real-time insights into your business performance. Wright Vigar can help you choose and implement the right software to enhance your financial management. Contact us to discover the benefits for your business.

Can you recommend the best accounting software for my specific business needs?

Yes, we can recommend accounting software that suits your business size, industry, and specific requirements. Wright Vigar evaluates your needs and suggests the best tools to streamline your accounting processes. Reach out to get personalised software recommendations.

Do you provide support in selecting, implementing, and setting up accounting software?

Absolutely! We offer end-to-end support in selecting, implementing, and setting up accounting software, ensuring a smooth transition and effective use of the tools. Contact Wright Vigar for expert assistance in getting your software up and running efficiently.

What features should I look for when choosing accounting software?

Key features to look for include ease of use, integration with other systems, reporting capabilities, and support for VAT and other tax requirements. Wright Vigar can help you identify the features that matter most for your business. Get in touch to ensure you choose the right software.

Can you help with training employees on how to use accounting software effectively?

Yes, we provide comprehensive training for your employees to ensure they are confident and efficient in using the accounting software. Wright Vigar's training programs are tailored to your team's needs. Contact us to arrange training sessions that empower your staff.

Still need help?

If you still have questions or need more personalised advice our team are here to help. Contact us directly and we will ensure you get the guidance you need.

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