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Accountancy & Tax in Harlow

Key start-up information and list of local accountants

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Harlow Business Category

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Harlow Business Category

Accountancy

Having a good firm of accountants on your side will ensure that you have all the information and support that you need to help your business grow and flourish.

They can offer advice and help you comply with accounting and tax requirements.

If you are self employed or run a small enterprise Harlow, it makes sense to use an Accountant or Bookkeeper who is keen to help small business and new business start ups rather than struggle with the task yourself.

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Packed with the information that you need to start or grow a business in Harlow.

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McMillan Rose & Co - Chartered Certified Accountants

We are a qualified firm of accountants that are friendly, approachable, will deal with your queries quickly and at a reasonable price. Clients choose our firm over others as this is the level of service they receive. Check out our reviews.

Changing Accountants always seems daunting so why not meet us first, without any pressure over a cup of tea or coffee, and then have time to yourself to decide if we are the right firm for you.

You need to be able to rely on a firm you can trust and will get the job done within time constraints, thats where McMillan Rose are strongest as a firm of qualified Chartered Certified Accountants. If its advice on tax planning, including H M Revenue and Customs investigations, audit, limited company formation as well as bookkeeping, accounts, landlords rental statements, VAT and payroll services then McMillan Rose can provide those services and more.

We have many clients in various different types of sectors, including:

* contruction and building
* solicitors and barristers
* travel agents
* technology
* haulage
* service industry
* landlords
* and, much more.

Through giving the right advice when needed our clients have the confidence to expand their businesses when the time is right for them. Serious about your business? Then telephone us on 01245 326280 for a FREE meeting and parking to discuss how to increase your potential.

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McMillan Rose & Co - Chartered Certified Accountants
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Free Friendly Advice

McMillan Rose & Co - Chartered Certified Accountants

If you would like some free friendly advice from a trusted local partner relating to any accountancy or tax matter, please complete and submit this form.

There will not be any pressure nor will you be under any obligation to buy paid services.

Alternatively you can contact Andy Pringle by e-mail at andy@syob.net and he can help guide you with more information or the best person to contact.

Free Accounting Resources

The following items are in our FREE start-up pack and can be download individually or as part of the whole pack, which you can download here .

Business Plan Template

You don't know what you don't know!"; Plot your progress with this 125+ point checklist and make sure that you have considered all the key factors prior to starting your business.

Personal Survival Budget Planner

Worrying about paying your personal bills will distract you from the running of your business. This template will help you to identify how much you need to make each month to cover your outgoings.

Cashflow Forecast Template

An easy to use template, created in Microsoft Excel. Instructions are included - all you have to do is unput your figures and the spreadsheet will perform all of the calculations for you.

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Main Accounting Considerations

Sole Trader or Limited Company

One of the first decisions you will need to make is which legal structure is likely to suit your new business and this will affect your accountancy obligations.

You can read a detailed article about your various options at: Sole Trader or Limited Company?

The information below primarily relates to self-employment but if you decide to trade as a limited company, you can read more here: Running a Limited Company.

Becoming Self-Employed

You should tell HMRC as soon as you start self-employment, otherwise you may face a penalty. You are considered to have started self-employment when you have something to sell and either have a customer for your goods or services, or you are actively marketing your business.

You can let HMRC know about your self-employment by registering online for business taxes. A Self-Assessment Online account will automatically be set up at the same time. This allows you to send your Self-Assessment tax returns online. You will receive an Activation Code. You need to activate the service within 28 days. If you don’t, you will have to ask for a new Activation Code.

You can register online at www.hmrc.gov.uk/online/new.htm

National Insurance

As a self-employed person, you pay a fixed amount of Class 2 National Insurance contributions (NIC). If your profits are above a certain limit, you may also have to pay Class 4 National Insurance contributions.

See Self-employed National Insurance rates for full details.

Statutory Records

It is very important that you set up a record keeping system and keep all records and supporting documents. Records for the current tax year must be retained until 31 January 2022.

You must keep records of all money coming into and going out of your business. This includes all cash, cheques and credit card transactions.

Your records should be adequate to allow you to complete an accurate Self Assessment return. You will be expected to keep a full record of:

  • All sales made and other business income, as it is earned.
  • The cost of all business expenses and purchases as you pay them, no matter how little they cost.
  • All purchases of business stock, goods and raw materials.
  • Mileage records.
  • Capital expenditure; keep a separate record of all purchases and sales of business equipment, machinery and vehicles, together with the receipts.
  • Keep a record of the market value of equipment or vehicles introduced into the business that you owned before starting your business.

See Business records if you're self-employed for full details.

Key Dates

There are key dates that you need to be aware of during the financial year. These relate to reporting and payment of any monies due. A list of dates and full explanation can be found here.

Value Added Tax (VAT)

You must register for VAT if:

  • Your taxable turnover exceeds the VAT threshold in any 12 month period
  • you expect your taxable turnover to exceed the VAT threshold within the next 30 days
  • you take over an existing VAT registered business as a going concern

You have 30 days from the date you meet any of these criteria to register.

Usually, VAT registration can be completed online and if you apply online, you will be enrolled automatically so that you can submit your VAT return online (there is no longer a paper version).

The current VAT threshold is £85,000; if your turnover is below the registration limit, you can choose whether to apply for voluntary registration. The standard rate of VAT currently is 20%.

See the official VAT website for full up to date details.

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Harlow Accountants

McMillan Rose & Co - Chartered Certified Accountants
We are a qualified firm of accountants that are friendly, approachable, will deal with your queries quickly and at a reasonable price. Clients choose our firm over others as this is the level of service they receive. Check out our reviews. Changing Accountants always seems daunting so why not meet us first, without any pressure over a cup of tea or coffee, and then have time to yourself to decide if we are the right firm for you. You need to be able to rely on a firm you can trust and will get the job done within time constraints, thats where McMillan Rose are strongest as a firm of qualified Chartered Certified Accountants. If its advice on tax planning, including H M Revenue and Customs investigations, audit, limited company formation as well as bookkeeping, accounts, landlords rental statements, VAT and payroll services then McMillan Rose can provide those services and more. We have many clients in various different types of sectors, including: * contruction and building * solicitors and barristers * travel agents * technology * haulage * service industry * landlords * and, much more. Through giving the right advice when needed our clients have the confidence to expand their businesses when the time is right for them. Serious about your business? Then telephone us on 01245 326280 for a FREE meeting and parking to discuss how to increase your potential.
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TBL Accountants
We are TBL, an independent firm of Chartered Certified Accountants serving Southend and the local area. Our goal, as trusted business advisors and tax gurus, is to make your life easier by dealing with the complexities of running a business. We work with local businesses from all sectors and of all sizes, including ambitious start-ups, to overcome challenges and solve problems. TBL serves ambitious start-ups from every sector. We help solve problems and advise on investment, strategy, regulation, and compliance. Get your business off the ground with TBL.
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D8tamax Services Ltd
Accounting & Bookkeeping Services in Essex Specialising with Start-up Companies handling every aspect of accounting & bookkeeping, making sure you stay compliant with HM Revenue & Customs as well as Companies House as and when needed.
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Dormer Finance Limited
We are a forward thinking firm of accountants, based in Basildon, Essex and understand what it takes to let a business achieve its goals. We specialise in working with owner managed businesses who want to work with a quality driven, approachable and reliable firm of accountants. Although we are based in Basildon, our services arent restricted to those in Essex and we have many clients outside of this area. Whether you are a Sole Trader, Partnership or Limited Company, or are just starting out and want advice on setting up your business, please contact us to arrange a free consultation, either at our Basildon, Essex office or at your premises, to discuss what we can do for you and your business.
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FGS Accountancy & Taxation Limited
We are a small accountancy firm offering advice to small to medium sized businesses and individuals. Services include accounts, self assessment, corporation tax, VAT, payroll, cash flows and budgeting. The business is run by Fiona Sagoo, a fully qualified Chartered accountant with 20 years experience in the field. We pride ourselves on offering a friendly, professional yet reasonably priced service. Please see our website for further details and testimonials. The first hours consultation is always free!
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Francis James & Partners LLP
Francis James & Partners specialise in providing a professional and personal solution for your day to day accounting needs. Using our qualifications and vast experience to complete the compliance work, we also apply our expertise and initiative to identify strategies that will help you achieve your business goals. Whatever your needs, we can help. Francis James & Partners is a modern firm of Chartered Accountants based in Leigh on Sea, Essex, offering accounts, taxation and business advisory and support services to a wide range of businesses and individuals. At Francis James & Partners we provide a cost-effective, high value solution to meet all of your financial needs. We work hard to get to know you in order to deliver timely, individual advice on how to improve your business and personal wealth.
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HGC Accountancy Services Ltd
Cost effective accountancy, bookkeeping and business advice for start up businesses.
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Holgate Court Accountants
Chartered Certified Accountants and Registered Auditors, based in Romford Essex. Experienced with new start-ups and smallmedium businesses.
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The LowTax Group
At the LowTax Group we ensure that all our clients pay the lowest amount of tax that they legally can. We provide you with a full range of accounting, taxation and financial services as well as company formation and business services. You benefit from the highest professional standards and we communicate with you clearly, accurately and promptly. You will find us refreshingly different from many other accountants. Our style is informal and relaxed; no accountant-speak and stuffy grey suits here! For a complimentary consultation on your tax planning valued at
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