Common Questions From Clients
How long should I keep my tax records?
You must keep records for 6 years from the end of the last company financial year they relate to, or longer if:
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they show a transaction that covers more than one of the company’s accounting periods
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the company has bought something that it expects to last more than 6 years, like equipment or machinery
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you sent your Company Tax Return late
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HMRC has started a compliance check into your Company Tax Return
What are the differences between an accountant, and a Chartered Accountant
By law anyone can call themselves an accountant. The title ‘chartered accountant’ and the letters ACA or FCA, however, indicates that the person has undertaken a minimum of three years in-depth training, passed a series of rigorous examinations in financial management, auditing, business strategy and taxation, and committed to continuing professional development to keep their skills up to date.
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Although unqualified accountants are subject to the same laws as chartered accountants, ICAEW Chartered Accountants are bound by our Code of Ethics and subject to our disciplinary procedures. They are required to hold a practising certificate and professional indemnity insurance if they offer professional services to the public.
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Source: ICAEW
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How do I know if ICE Chartered Accountants is right for my needs?
We offer a free no obligation Discovery Call via Zoom or, if preferred, a different video medium. This is your chance to undertake your own Due Diligence. You can also confirm that our Principal is a bona fide FCA (Chartered Accountant) by clicking here. This means we are subject to very strict regulatory control, compliance and ethical codes of conduct.
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