Having a good firm of accountants on your side will ensure that you have all the 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 Sleaford, 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.
TaxAssist Accountants Sleaford provides a wide range of accountancy services including tax returns, annual accounts, payroll and bookkeeping.
TaxAssist Accountants in Sleaford are a part of the largest network of accountants who offer a wealth of experience and expertise to over 65,000 small businesses right across the UK.
We help a diverse range of small businesses including start-ups, sole traders, limited companies and landlords who operate in many industries.
Chris & Angela Cottee have operated a local friendly accountancy and tax practice for over 18 years within the Sleaford, Deepings & Bourne areas.
Being a family run small business ourselves we are able to understand your business needs and problems and we are focused on helping you grow, not just completing your accounts and tax returns (although we’ll do that too!).
We provide accountancy services and tax returns, business start up advice including help with business plans, company formations,VAT, payroll, CIS returns, bookkeeping using cloud based accounting software such as Quickbooks, Receipt Bank, Xero etc. as certified advisors we can help with training and support to get all our clients Making Tax Digital compliant and much, much more.
We offer a genuinely proactive service getting you thinking about your business and where it is heading. Because we are a small business ourselves, we give easy to understand, no nonsense advice from your accountant - there's a first!
All our fees are agreed in advance there are NO hidden extras, we also operate variable methods of payment.
01529 306844
We are happy to promote anyone who provides a relevant product or service and is prepared to offer friendly support to local start-ups.
Our partners have been kind enough to help us and are keen to help you too.
Download the 2026 edition of our FREE guide
An interactive step-by-step guide which also includes all of the most important subjects covered with links to useful articles and relevant contacts.
This guide explains the key start-up subjects in simple English and points to where you can find help and support.
More Information and instant downloadOne 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.
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 https://www.gov.uk/log-in-register-hmrc-online-services/register
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.
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:
See Business records if you're self-employed for full details.
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.
You must register for VAT if:
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.
At Forrester Boyd, we don’t need to tell you what services an accountancy firm offers, you already know that, but we can tell you how to get real value from your accountancy services.
If you want the traditional service, of course you can have it, but we want to offer you a fresh approach.
Business lifecycle… we understand that you’ll need different services and advice depending on what stage your business is at in its lifecycle.
Whether you’re at the start-up phase, in the growth period, established, looking to expand, in a declining market or looking to exit/sell a business, you’ll need different levels of advice and support.
Understanding where you are today will enable you to plan where you want to be in the future so we offer the right support and advice at the right time. From accountancy services to tax advice, and corporate finance, we have all the business and personal financial expertise all in one place.
Sector focus… we also have dedicated sector teams. Not only is your business individual, but so is your sector, and we get that. It’s important that we know how your business works so we can get under the skin of it from the off.
Your experience… at the end of the day, it’s all about you. Your satisfaction is our ultimate goal. We invest in and take care of our staff to ensure they take care of you. It’s just the way we do things.
Let’s talk…. a cuppa and a conversation – what’s not to like. Let us offer you a fresh perspective on your business plans and accountancy services. Let’s face it, business is all about making new contacts and learning from others so let’s talk.
There is plenty of help for startups in Sleaford but where can it be found?
Select classification:
Advice & Support
Accountancy
Bookkeeping
Co-Working
Funding
Grants
Mentoring
Networking
Office Services
Online Marketing
Web Design
Workplaces