Accountants in Leamington Spa

Based in Leamington Spa, CTT Accountancy provides personalised, professional accounting services tailored to you. We assist start-ups, contractors, limited companies, sole traders, individual taxpayers, and more.

Our services range from accounts and tax planning to payroll compliance and business consultancy.

Read on to learn more about our accounting services in Leamington.

Why choose chartered accountants?

By choosing to use a chartered accountant for your business or personal finances, you’re ensuring you receive the best possible accounting service from an authorised, qualified professional.

Anyone can set up an accountancy firm. However, only chartered accountants have the industry-certified qualifications and experience necessary to provide you with total peace of mind and a fully comprehensive, regulated service. Here are some of the benefits you can enjoy working with a chartered accountant.

Regulated by professional bodies

To be certified as a chartered accountant, an individual must qualify through one of six recognised, regulated bodies. In the UK, these are:

• Association of Chartered Certified Accountants (ACCA)
• Chartered Accountants Ireland (CAI)
• Chartered Institute of Management Accountants (CIMA)
• Chartered Institute of Public Finance and Accountancy (CIPFA)
• Institute of Chartered Accountants in England and Wales (ICAEW)
• Institute of Chartered Accountants of Scotland (ICAS)

These bodies have their own code of conduct, which member practitioners must always adhere to. All bodies are also overseen independently by the Financial Reporting Council (FRC), which carries out a non-statutory role for regulating the members of the professional accountancy bodies’.

Chartered accountants always maintain the highest standards and their practices  follow a strict ethical code of conduct as laid out by their member body and the FRC. This includes acting in accordance with the five recognised principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.

Chartered accountants are also required to carry professional indemnity insurance, meaning they are covered in the unlikely event you should ever have to make a claim against them or their practice. 

Knowledge, skills, and experience

Chartered accountants undergo significantly more training than unregulated accountants. After a minimum of three years of study, those wishing to become chartered accountants must pass a series of demanding exams in several different areas of accounting, including financial management, auditing, business strategy, and taxation.

Candidates must then gain relevant work experience across a range of industries and clients as set out by their professional body. By hiring a chartered accountant, you will be working with someone carrying vast amount of knowledge, skills, and experience acquired both through study and in the field.

Access to a full range of accounting services

Because of the degree of complexity and training required, certain areas of accountancy can only be carried out by regulated and chartered accountants. Areas such as audit, insolvency, investment business, and probate must be regulated and require a chartered accountants’ professional skills and knowledge to see them through.

By choosing to work with a chartered accountant, you will be able to access a complete range of accounting services with the help of one, trusted individual who will carry out all your accounting requirements to the same exacting standard.

Up-to-date tax legislation

Even when qualified, all chartered accountants must undertake regular professional development training each year with their member body to ensure their skills and knowledge remain current and up to date. This includes ensuring they have full awareness of any changes to tax law that may affect your business.

By choosing to work with a chartered accountant, you can be reassured your personal and business accounts will be kept in line with current legislation, in a timely fashion. Additionally, you will enjoy the full benefit of any tax allowances to which you’re entitled.

Trusted business advice

Chartered accountants can help with far more than just filing your tax returns. Having a full working knowledge of your business accounts and a breadth of experience across various sectors means they can offer valuable insight into ways to maximise profit and investment opportunities while reducing costs to your business.

They can also help you mitigate risks and find areas for financial improvement. By placing faith in a chartered account whom you trust, you are making a firm investment in the future wealth and financial stability of your company and family.

Peace of mind

Whether the mistakes are genuine or not, the penalties and consequences of poor and faulty accounting are huge, both for the business and the individuals concerned. Inefficient bookkeeping, missed deadlines, and unscrupulous practices can all result in unforeseen hassle and unnecessary fines for you and your business. Not to mention bad practices can also damage  yours and your company’s reputation.

A chartered accountant will deliver timely and professional record-keeping, ensuring you have your  document processing in order. So, you can rest assured your accounts will be up-to-date at all times should an audit be necessary. You will also have consistent and coherent accounts to present to other businesses and investors well into the future.

I want to switch accountants. What happens next?

Switching accountants can seem like a daunting task. While you shouldn’t rush the decision to change accountants, it’s important to ensure the service you choose continues to meet your needs and those of your growing business.

Carefully considering when to make the switch can ease the process. Ideally, the handover from your current accountant to your new one should take place at a quiet time when your finances are in good order.

Once you have decided to change accountants, you will need to write a letter of termination advising your current accountant of the switch and requesting they send the relevant information required to your new accountant.

You can then register with your new accountant.

To register with CTT Accountancy, get in touch with a member of our team today, and we’ll guide you through the process.

We will ask you to sign a new 64-8 form to authorise us to deal with HMRC on your behalf for tax purposes. Next, we will send a letter of engagement for you to sign, outlining the services you will receive. Afterwards, our team will contact your previous accountant for professional clearance to work on your accounting and to ensure they have transferred all relevant accounting information to us.

Once these tasks are completed, we can start work on your accounts.

Leading Accountants in Royal Leamington Spa

From its famous spa waters and ties with Queen Victoria to its sweeping Regency architecture and the stunning Jephson Gardens, Royal Leamington Spa is a jewel in Warwickshire’s crown.

Making frequent appearances on the Sunday Times ‘Best Places to Live’ list, Leamington Spa’s many cafes, restaurants, and fashionable independent shops make it the ideal place to visit on a day trip to the Midlands.

CTT’s offices are based in the magnificent Gables House, an original Edwardian manor house located just a short walk from Leamington town centre.