FAQs

Q?

What do bookkeepers do?

A.

Typically the book keeper will provide a 'trial balance' every month or quarter. This will show whether or not there is a profit, and will dictate who can get paid. To take it a step further, a bookkeeper can prepare a cashflow projection... so that you can see in advance where you are heading, and take some preventative steps NOW to stop problems from occuring. Everything input into the system assists in preparing Inland Revenue forms - such as the self assessment, or the VAT return, or knowing how much TAX and NI to pay.

Q?

Where does the name “Chromium” come from?

A.

Chromium Bookkeeping was established to provide bookkeeping services to small businesses.The element "Chromium" has the chemical symbol Cr, which are the intials of the proprietor and explains how the company name was chosen.(We also like its shiny colour!)

Q?

Why should I get a bookkeeper?

A.

Companies and the self-employed are required by law to ensure that all financial records concerning their business is maintained at all time, so the book-keeping role should be integral to a well run operation.
You don't HAVE to get in a bookkeeper, but it's to be recommended if you can't see over the paperwork on your desk

Q?

What is the deadline for submitting my tax return?

A.

When filing paper returns the deadline is the 31st October and when filing returns online the deadline is the 31 January.

Q?

Should I invest in accountancy software?

A.

Investing in accountancy software such as Sage, QuickBooks or Kashflow can be useful if you have had the right training. However accounting software can be expensive but when employing a firm this will be a burden off of your shoulders as they will already be using accounting software. It is always best to have this discussion with your bookkeeper, before spending money on software that may not be compatible.

Q?

How did you choose the homepage images?

A.

Wastwater is a beautiful and wonderfully calm location in the lake district, and it's where the proprietor spent her honeymoon. Believe it or not, the photos were taken on a mobile phone, and were chosen because they represent the calm, relaxed feeling that comes when you know you have all your books up to date!