FAQ

You need to worry about nothing if you want to move your business support services like Trusted Management Services (TMS) or Company Secretarial Services or Pay As You Earn (PAYE) and pensions from any other accountants. You will sign an online authority or send us an email to contact your current services provider, and then, later on, we will get a formal 64-8 HM Revenue & Customs (HMRC) authority signed by you.

Similarly, if you want to leave us and move your services to any other service provider, we will expect them to contact us and repeat the same procedures. We can assure you that if you want to move from NABMS LTD t/a Zero One Bookkeepers, there will not be any hurdle in your way. We make sure you have a smooth transformation.

Of course, before we transfer your files, you have to clear all the outstanding; we use the third-party software, they charge us, so we have to charge you proportionally.

As you know, our services are both pay as you go, Job priced, and annual subscription-based, where you can pay on a monthly direct debit basis, e.g. if your annual bill is £600.00, you can pay £50.00 per month but in advance not in arrears.

Yes, and No,  it depends on your Service Level Agreement (SLA); for a small job/s any staff member will be assisting you, but for more advanced level assignments, you will have an account manager. 

Yes, we offer any price match for a like to like basis only from the quotes of genuine business accountants, irrespective of their area of work. We compare Mango vs Mango, not the Mango vs Mellon.

We are wholly owned by a family-run firm of professional accountants specialising in forensic and financial accountancy.

We are a business support service, other than standard defined services; if you ever need a bespoke service, please feel free to contact us and speak to our experienced staff for an optimal solution.

NABMS LTD t/a Zero One Bookkeepers is not limited to any option; realistically, it depends on your work. However, NABMS LTD t/a Zero One Bookkeepers can assure you that we will agree with you in advance, whatever your price or our quote is. Then we offer you payment patterns, choices to pay.

We can not tell you how or what way we will calculate your quote; we do not know what level of work or Job you are asking for. When you tell us your requirements, we will calculate our costs more economically for you and then let you decide. Your requirements may be, e.g. you are only self-employed, then you need Pay As You Earn (PAYE), Value Added Tax (VAT), Construction Industry Scheme (CIS) etc.; similarly, you may be a limited company with one director and up to three shareholders needing Pay As You Earn (PAYE), Construction Industry Scheme (CIS), Value Added Tax (VAT). On the contrary, you may be a limited company with multiple directors and shareholders with all the mentioned services. Then the most critical element is what level of skills and experience you may need, what type and volume of transactions are involved and ongoing. Your cost is not a hypothesis for us; we have to live with a reality that offers the most economical service at the most competitive price.

The best example is if you are a small trader in your first year we may ask you to pick a package with retainer fees, that allow you to save more money as you may be asking for a lot of small things, whereas compared to an experienced person who may want to use us for a single assignment or once as a year will be better of a fix yearly fees package. Similarly, there may be a tax investigation job where we cannot offer anything but the per hour job.

It depends on the question itself. E.g., you are with us on a retainer package as your first year in taxi driver or a take away working as self-employed, all your questions related to your work registered with HM Revenue & Customs (HMRC) is covered under the Service Level Agreement (SLA) you signed with us. But now you start questioning how to deal with a Capital Gain Tax (CGT) or Inheritance Tax Planning (IHT), this is a different job. You may get initial advice from our parent firm as a gesture of goodwill, but detailed advice will cost you separately. 

NA Business Management Services (NABMS) t/a High Pay is brain wave of Zero One Consultants, highly experienced and professionally qualified firm of forensic and financial accountants. We as a group of companies provide Corporation Tax, Income Tax, Inheritance Tax Planning (IHT), Capital Gain Tax (CGT), Value Added Tax (VAT), Pay As You Earn (PAYE) & Pensions, Bookkeeping, Management Accounts etc.

NA Business Management Services (NABMS) t/a High Pay is brain wave of Zero One Consultants, highly experienced and professionally cqualified firm of forensic and financial accountants. We as a group of companies provide Corporation Tax, Income Tax, Inheritance Tax Planning (IHT), Capital Gain Tax (CGT), Value Added Tax (VAT), Pay As You Earn (PAYE) & Pensions, Bookkeeping, Management Accounts etc.

1. It can be worthwhile preparing management accounts. This way, you are in more control in your workplace. A highly profitable or cash-rich firm can be in a bad situation due to lack of vision and proper planning plus no control over the business. At the same time, a loss-making business can recover by using proper planning tools and controls in place. Management accounts give you an accurate and real view of your business and more grip of your expenses and finances.
2. The base of management accounts is a sound bookkeeping system. There two types of bookkeeping

1. One which is statutory is if you are Value Added Tax (VAT) registered and your turn over is over £85,000.00 per annum, then there is no question of whether you should or should not have the bookkeeping, it is statutory requirements you must do it. The only thing you can do is to pick the different level of bookkeeping system according to your budget. Suppose you are looking for a management accounting system that will be classed as Management Information Reporting System (MIS) and you will need an intermediate or advance level of bookkeeping service. This may cost you more, but it will give you ultimate control and vision of your business
2. The second one is voluntary, and it depends on your need, what are you trying to achieve. This is not statutory, and if your turn over is less than the Value Added Tax (VAT) threshold, then you do not have to maintain digital bookkeeping. NA Business Management Services (NABMS) t/a High Pay must advise you not to mix up with the statutory bookkeeping, and you must keep the records either digitally or manually, failure to do so will allow HM Revenue & Customs (HMRC) to impose penalties on your business. Also, there are so many types of business who do not have to register for Value Added Tax (VAT), but they still turn over more than Value Added Tax (VAT) threshold. This is all in your need and hand what you want? 

If you ever get to HM Revenue & Customs (HMRC) investigation, we wish all to be safe, but if worst happens then, you need to have someone on your side to protect you or look after your interest. In this case, we will be introducing our parent firm for you to understand your needs and protect you from the worst. HM Revenue & Customs (HMRC) want to investigate into your records and bookkeeping for not any but many reasons. The number of investigations has increased significantly in recent years, and there have been an aggressive change in HM Revenue & Customs (HMRC) investigations. Digital bookkeeping will help you with this.

There is a lot of accountancy software available, to be very honest they are all not same but similar. We can advise on what is most suited to your business and discuss the pros and cons of each.  It is best to have these discussions early before you start your bookkeeping as it can be difficult to change over once you have started using one.  A wrong software for your business is as damaging as selling at the wrong place or on the wrong price. There is no specific recommendation, but if NA Business Management Services (NABMS) t/a High Pay is doing your work of bookkeeping, we will be recommending you to use the Quick Books (QB) as this is the software our staff is more proficient with.

People often ask us how our business support service are so cheap, questioning the possibility of being cheap and knowledgeable. Our rightly defined structure means we have the right person for doing the right Job so we can keep our fees as low as possible. This means that the staff can work more efficiently, keeping your fees down. Also, we are not cheap; we believe in being economical.

Your due diligence is required by us, under the money laundering legislation. We have to verify you with the identities you provided. You may want to scan your verified Idendties in clour and signed by a professional with their credentials and then also we will be verifying you electronically. Nothing will be done which is not prescribed by the relevant legislation

NABMS LTD t/a Zero One Bookkeepers is the brain wave of Zero One Consultants, a highly experienced and professionally qualified forensic and financial accountants firm. We, as a group of companies, provide Corporation Tax, Income Tax, Inheritance Tax Planning (IHT), Capital Gain Tax (CGT), Value Added Tax (VAT), Pay As You Earn (PAYE) & Pensions, Bookkeeping, Management Accounts etc.

a. It can be worthwhile preparing management accounts. This way, you are in more control in your workplace. A highly profitable or cash-rich firm can be in a bad situation due to a lack of vision, proper planning, and no control over the business. At the same time, a loss-making business can recover by using proper planning tools and controls in place. Management accounts give you an accurate and authentic view of your business and more grip on your expenses and finances.

b. The base of management accounts is a sound bookkeeping system. There are two types of bookkeeping

•     One which is statutory is that if you are Value Added Tax (VAT) registered and your turnover is over £85,000.00 per annum, then there is no question of whether you should or should not have the statutory bookkeeping requirements; you must do it. The only thing you can do is pick the different bookkeeping system levels according to your budget. Suppose you are looking for a management accounting system classed as Management Information Reporting System (MIS), and you will need an intermediate or advanced level of bookkeeping service. This may cost you more, but it will give you ultimate control and vision of your business
•     The second one is voluntary, and it depends on your need, what are you trying to achieve. This is not statutory, and if your turnover is less than the Value Added Tax (VAT) threshold, then you do not have to maintain digital bookkeeping. However, NABMS LTD t/a Zero One Bookkeepers must advise you not to mix up with the statutory bookkeeping, and you must keep the records either digitally or manually; failure to do so will allow HM Revenue & Customs (HMRC) to impose penalties on your business. Also, many businesses do not have to register for Value Added Tax (VAT), but they still turn over more than the Value Added Tax (VAT) threshold. This is all in your need and hand what you want? 

If you ever get to HM Revenue & Customs (HMRC) investigation, we wish all to be safe, but if worst happens then, you need to have someone on your side to protect you or look after your interest. In this case, we will be introducing our parent firm for you to understand your needs and protect you from the worst. HM Revenue & Customs (HMRC) want to investigate your records and bookkeeping for not any but many reasons. The number of investigations has increased significantly in recent years, and there have been an aggressive change in HM Revenue & Customs (HMRC) investigations. Digital bookkeeping will help you with this.

There are many accountancy software available; to be very honest, they are all not the same but similar. We can advise on what is most suited to your business and discuss the pros and cons of each.  It is best to have these discussions early before you start your bookkeeping, as it can be difficult to change once you have started using one.  The wrong software for your business is as damaging as selling at the wrong place or the wrong price. There is no specific recommendation, but if NABMS LTD t/a Zero One Bookkeepers are doing your bookkeeping work, we will recommend you to use the Quick Books (QB) as this is the software our staff is more proficient with.

People often ask us how our business support services are so cheap, questioning the possibility of being cheap and knowledgeable. Our rightly defined structure means we have the right person for doing the right Job so we can keep our fees as low as possible. This means that the staff can work more efficiently, keeping your fees down. Also, we are not cheap; we believe in being economical.

We require your due diligence under the money laundering legislation. We have to verify the identities you provided. You may want to scan your verified Idendties in clour and sign by a professional with their credentials, and then also we will be verifying you electronically. Nothing will be done which is not prescribed by the relevant legislation