General Questions

Frequently asked questions

It might be that you are browsing our site looking for some quick information and this page is designed to answer a few of our more frequently asked questions. Of course, we would much rather answer your questions in person, so if you do not find the answer, or the question that you are looking for, please call or email us and we’ll be delighted to help.

Do we meet at your office or can you come to us?

We are always pleased to welcome visitors to our offices, but we are just as happy coming to see you in your place of work, home or business premises.

How do I get to you?

We are easy enough to find, right next door to Majestic Wines on Park Street, we are a ten minute drive from the M3 and our nearest train station is Camberley on the Ascot – Guildford line, we are a two minute stroll from the station.

I'm not close to you, should I look for a local accountancy firm?

Getting the right accountant is the most important thing, wherever they are based.  Most things can be done remotely which means location isn’t too important.  Why not give us a call and we can discuss what you need and how we can help you, that’s a good first step.

for Business Owners

Frequently asked questions

What is compliance?

Basically, it means making sure that the financial matters of a company are being handled in line with all current and relevant Government legislation.

Find out more about Accounting Compliance
What happens if the law changes?

Here at Butt Miller we make sure that all of our clients are informed quickly about any changes in legislation that might affect their business. A key part of the job of any accountant is to stay informed of such changes and to act appropriately in the most timely manner.

Find out more about Accounting Compliance
Can’t I do this myself?

Of course, recording income and expenses is not that difficult but it can be time consuming and you may miss some key benefits or allowances, you might even make a mistake or miss a deadline.

Find out more about Personal Tax
Why do I need professional assistance?

The Butt Miller service ensures full compliance with Government legislation, we make sure that all deadlines are met and that every piece of relevant information is collected, collated and presented properly in a style appreciated by HMRC.

Find out more about Self Assessment
What happens if I make a mistake?

As finance professionals we are not here to scare people, but latest figures show that almost 1 million individuals per year are penalised by HMRC in relation to their tax returns. Butt Miller assess every clients requirements individually and advise on strategies designed to minimise your tax liability.

Find out more about Self Assessment
What responsibilities does an outsourced FD have?

As businesses grow, it may become apparent that specialised advice is required at board level, an outsourced FD will offer all the guidance and practical help at a fraction of the cost of a full-time director.

Find out more about Outsourced Finance Director Support
I have a finance manager and bookkeeper?

That is great news, an outsourced FD will work closely with fellow finance professionals to deliver the best possible outcomes, advising on matters that might be out of reach for a busy finance department, working hard on day to day issues.

Find out more about Outsourced Finance Director Support
Why should I use a payroll service?

It is the responsibility of every employer to remain compliant with payroll regulations and appropriate legislation. Butt Miller can take away the onerous task and ensure that your staff are paid, appropriately and on time.

Find out more about Payroll
What about Holiday pay, allowances, maternity leave?

The Butt Miller payroll service operates directly in communication with HMRC so all allowance payments and changes to employee tax codes, NI contributions, statutory sick pay (SSP) etc. are sent directly to us.

Find out more about Payroll
for Corporate

Frequently asked questions

Why should I use a payroll service?

It is the responsibility of every employer to remain compliant with payroll regulations and appropriate legislation. Butt Miller can take away the onerous task and ensure that your staff are paid, appropriately and on time.

Find out more about Payroll
What about Holiday pay, allowances, maternity leave?

The Butt Miller payroll service operates directly in communication with HMRC so all allowance payments and changes to employee tax codes, NI contributions, statutory sick pay (SSP) etc. are sent directly to us.

Find out more about Payroll
What is compliance?

Basically, it means making sure that the financial matters of a company are being handled in line with all current and relevant Government legislation.

Find out more about Accounting Compliance
What happens if the law changes?

Here at Butt Miller we make sure that all of our clients are informed quickly about any changes in legislation that might affect their business. A key part of the job of any accountant is to stay informed of such changes and to act appropriately in the most timely manner.

Find out more about Accounting Compliance
What are they?

Companies of all shapes and sizes recognise employees as their most valuable asset and Employee Incentive Schemes are a great, tax efficient way of rewarding loyalty and performance.

Find out more about Employee Incentive Schemes
How do they work?

Incentives can take many forms and we can advise you on the most appropriate for your business, it might be that you want to reward your team with a share participation scheme, a programme based on growth and performance or perhaps a recruitment incentive. Butt Miller provides a comprehensive, practical and straightforward advice service based on our many years of experience.

Find out more about Employee Incentive Schemes
What are they?

A UK Government incentive designed to reward companies for investment in innovation, through cash payment and/or Corporation Tax relief.

Find out more about R&D Tax Relief & Tax Credits
Who can claim?

The relief is open to all businesses and we have helped lots of companies to successfully claim relief including many based in sectors not normally associated with ‘innovation’, including flooring manufacturers, service providers and freight forwarders. If you are unsure, please just ask, R&D Tax Credit is an area of special interest to Butt Miller and we are always delighted to offer advice.

Find out more about R&D Tax Relief & Tax Credits
Do I need an audit?

Some businesses are audit exempt and we can advise on your eligibility, certain sectors such as charities and some regulated businesses have different guidelines and again, our experts can guide you.

Find out more about Audit
Should I get an audit even if my business is exempt?

Regulatory compliance is just one reason why a company might require an audit, many business owners choose to do so in order to get a comprehensive, impartial view of their company or if they are planning to sell the business.

Find out more about Audit
Why should I change auditor?

The decision to change any professional service provider should not be taken lightly, there must be compelling reasons to do so and these might include a change of circumstance, an increase in business, a requirement for a more complete suite of services or perhaps even a clash of personalities or a personnel change at your existing provider.

Find out more about Audit
How do I change auditor?

Our process is straightforward and comprehensive. Effective communication and attention to detail are at the heart of every part of our operation and we bring the same forensic approach to taking on clients that wish to transfer some, or all of their accounts to us. We begin with a meeting to discuss precise requirements, agree timescales and acquaint ourselves with every aspect of the business, from there we communicate professionally and diligently with all parties to complete a stress-free transfer.

Find out more about Audit
Why does my company need this?

Accurate valuation of your company is vital for matters such as mergers & acquisitions, probate issues, share incentives and fund-raising to name but a few key areas.

Find out more about Share Valuations
What does your service include?

Full and accurate reporting and report preparation, dealing with HMRC, compliance with financial reporting standards and dispute resolution if required.

Find out more about Share Valuations
Is this a complicated process?

Well yes, it can be, because after all we are dealing with some of the most important business decisions that you are ever likely to take. The team at Butt Miller is hugely experienced and we know just which questions to ask and where to find the most relevant intelligence about any type of business.

Find out more about Mergers & Acquisitions
Can you help with everything?

Again, yes we can. Our process of due diligence is tried and tested, we can help source funding, complete background checks and feasibility reports. We can also advise on tax implications and make sure that your business is not over-exposed, we’re with you from target identification to post-completion.

Find out more about Mergers & Acquisitions
What responsibilities does an outsourced FD have?

As businesses grow, it may become apparent that specialised advice is required at board level, an outsourced FD will offer all the guidance and practical help at a fraction of the cost of a full-time director.

Find out more about Outsourced Finance Director
I have a finance manager and bookkeeper?

That is great news, an outsourced FD will work closely with fellow finance professionals to deliver the best possible outcomes, advising on matters that might be out of reach for a busy finance department, working hard on day to day issues.

Find out more about Outsourced Finance Director
for Individuals

Frequently asked questions

Why is it all so confusing?

It sometimes seems that the financial services industry make things confusing on purpose, we promise you that this is not the case, Government legislation and guidelines change regularly and it is our job to keep up with these changes.

We work hard to keep things simple and always communicate clearly, estate planning is a sensitive and often highly personal matter, we communicate clearly, discretely and compassionately.

Find out more about Estate Planning
Can you help me with my investments?

Butt Miller can help you to maximise the value of investments, property, capital and trusts. We will work closely with you, and where appropriate your family and specialist SOLLA accredited later life advisors. You have worked hard to be in a position to use your assets, and we work hard to make sure you can make the most of them.

Find out more about Later Life Care
What is a Trust?

A Trust is a way of managing assets including land or buildings, money and investments in a way that maximises protection and they can be entered into for a number of reasons. You may want to protect a particular asset, help somebody that is too young to handle their own affairs, pass on assets while you are still alive or help somebody that is incapacitated.

Butt Miller offer professional, impartial advice on all types of Trust.

Find out more about Tax Planning
Do I need a will?

Yes.

Find out more about Tax Planning
Why do I need professional assistance?

The Butt Miller service ensures full compliance with Government legislation, we make sure that all deadlines are met and that every piece of relevant information is collected, collated and presented properly in a style appreciated by HMRC.

Find out more about Self-Assessment
What happens if I make a mistake?

As finance professionals we are not here to scare people, but latest figures show that almost 1 million individuals per year are penalised by HMRC in relation to their tax returns. Butt Miller assess every clients requirements individually and advise on strategies designed to minimise your tax liability.

Find out more about Self-Assessment
Can’t I do this myself?

Of course, recording income and expenses is not that difficult but it can be time consuming and you may miss some key benefits or allowances, you might even make a mistake or miss a deadline.

Find out more about Personal Tax