Accountancy & Tax In Kettering

Accountancy & Tax In Kettering
Accountancy & Tax In Kettering

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 in Kettering, it makes sense to use Accountants or Bookkeepers also based in Kettering. Local accountancy firms that are prepared to help small business and new business start ups in the area are listed below.

Recommended Local Partner

DNG Dove Naish

DNG Dove Naish

DNG Dove Naish Chartered Accountants and business advisers. We are here to help - to understand your needs, to listen to your concerns and then to provide services which fit your particular circumstances. Weve been advising businesses and individuals on their financial affairs for the last 50 years so were good at what we do and we know what were talking about.

DNG Dove Naish
Tel: 1604657200
Web: http://www.dngca.com

Free Friendly Advice

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.

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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.

Personal Survival Budget
Personal Survival Budget

This template will help you to identify how much profit your business needs to make to cover your own personal outgoings.

Cashflow Forecast
Cashflow Forecast

An easy to use template. Instructions are included - just input your figures and the spreadsheet will perform all of the calculations for you.

Business Plan Template
Business Plan Template

One of the most important steps but is often ignored. This document will provide you with a clear road-map for your business.

Please note that one-time registration is required to unlock all of the free items on this site.

Latest Accountancy Articles

If you run your own business in Kettering and would like to learn more about accounts, bookkeeping, National Insurance, or VAT, we have compiled a library of useful resources and frequently asked questions which we hope that you will find both interesting and useful.

Main Accounting Considerations

Main Accounting Considerations

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.

Kettering Accountants

Useful Start-Up Resources

If you can help new business start ups or existing small businesses in the Kettering area, we would love to promote you here free of charge. (Add Your Business)

Accounting and Bookkeeping Accounts and Bookkeeping Statutory Accounts Personal and Corporate Tax Returns and tax planning VAT and payroll services
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CFW are a friendly firm of Chartered Accountants serving clients in Northamptonshire and beyond, including Corby and Kettering. We are pro-active advisers with services tailored to your specific business needs. Our Partners and staff are very experienced in new business start ups and are always available to guide and advise you in achieving your goals.
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Our office, a stone's throw from Northampton town, houses a team of ACA qualified accountants and AAT certified bookkeepers. In addition, all staff in the Northampton office are proficient in Xero (and other cloud accounting packages) meaning we are ready to assist businesses with Making Tax Digital. Our friendly and knowledge Northampton team are well connected to the local community and have a firm understanding of the local economy. This, combined with our in-depth tax and accounting expertise, allows us to provide a valuable and trusted service to all types of businesses in the area. Our Northampton office works with local businesses across Northamptonshire including Kettering, Wellingborough, Corby, Rushden and Higham Ferrers but also offers our accountancy and tax services nationwide.
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DNG Dove Naish Chartered Accountants and business advisers. We are here to help - to understand your needs, to listen to your concerns and then to provide services which fit your particular circumstances. Weve been advising businesses and individuals on their financial affairs for the last 50 years so were good at what we do and we know what were talking about.
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We take a special interest in start ups whether you are a one person operation with no aims to grow or an entrepreneur starting out that wants help to make their business grow! So whether you need help with all the formalities of keeping books and the tax system or more pro-active business advice to help ensure your success, wed like to help. Investing in the right advice when you start up will help ensure you are one of the successes and we have very attractive fee packages for start ups to ensure you can get all the help you need. If youd like any or all of the following please talk to us... Fixed competitive fees; Unlimited phone support; Unlimited free meetings; A free tax review; Work on time, every time; All work 100% guaranteed; To make more profit; To pay less tax; Someone to sort all your paperwork; An accountant who speaks plain English.
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McAlistair is a specialist accounting service, offering professional bookkeeping services throughout the UK. No Hassle, No Stress, Just Accounting! We offer clients a cost efficient and reliable solutions to PAYE, payroll, self-assessment, VAT, tax returns, year-end accounts and CIS returns requirements through our powerful computerised accountancy system. Our staff are fully trained operatives. We specialise in assisting small to medium sized businesses, including limited companies and sole traders, with all bookkeeping and accounting needs
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Moore Stephens provide a wide range of accountancy, tax and advisory services including financial solutions to businesses, entrepreneurs and individuals across the region. Our start up services include examination of business structure, accounting records and tax registrations.
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We are a firm of Chartered Accountants based in Northampton and Banbury offering accounts, taxation, business advisory and support services to a wide range of businesses and individuals across Northamptonshire, Oxfordshire and surrounding areas. Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they may not be experts in the legal and financial aspects of running a business and such matters often appear daunting. Fortunately you do not need to be an expert in these fields to succeed in business but you do need the support of a team of trained experts. We can help. Just bring us your business ideas and we will help you to make them a reality!
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The Accounting Company Northants is a professional bookkeeping and financial management company that specialises in helping small and medium sized businesses in Northamptonshire and the surrounding area to succeed. We offer financial management at affordable rates giving businesses of all sizes access to levels of expertise that they would not previously have been able to afford. We believe in delivering a proactive service which ensures up to date financial information without the jargon so that you can understand how your business is performing. We Account for all your Business needs
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Our Only Agenda is Your Agenda! When you work with us you will see we are more than the traditional audit and tax. We design our services around you, to help your business grow and protect your profits. We are dedicated to offering unrivaled personal services with industry knowledge to our clients. With our unique service you will get all the expertise you would expect from the larger accountants plus a commercial focus that you would receive from business advisers. Everything we do is with you in mind and delivered with a personable and professional service.
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