Accountancy & Tax In Stockport

Accountancy & Tax In Stockport
Accountancy & Tax In Stockport

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 Stockport, 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.

Recommended Local Partner

AXT Accountants

Based in Cheadle, Cheshire, our dedicated team provides expert solutions to a range of businesses, from individuals to small limited companies, both locally and nationally.

We specialise in providing solutions to contractors and those in the property and construction industry.

At AXT, we pride ourselves on our modern and forward-looking approach. We understand that your time is precious, which is why we offer a fully digital and online service.

So say goodbye to the days of client visits and traditionally long accountancy meetings – we offer convenient and effective online solutions, as and when you need them, saving you time and helping you to succeed.

AXT Accountants
Tel: 0808 123 3030
Web: https://www.axtaccountants.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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Your Accountancy Questions Answered

Image of person giving business advice

If you run your own business in Stockport 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.

See Full List of Accountancy Articles

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.

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.

Stockport Accountants

Useful Start-Up Resources

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

Whether you are a sole trader, partnership or limited company we have the expertise to deliver quality advice and service at a price you can afford. At SJM Accounting we believe in a proactive approach. If you are interested in setting up a business, we will gain a thorough understanding of your business and your objectives to ensure that we give you absolutely the right advice.
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You didnt go into business to get bogged down with your accounts -but we did! We work WITH businesses, helping them forecast and control their current situation and future growth whilst ensuring with proactive tax planning that they are able to reap the rewards! - Bookkeeping, - Payroll - VAT - Monthly management accounts - Short-term cashflow forecasts - Full financial forecasts - Statutory accounts - Personal & Corporate tax returns - Tax planning - Business plans
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We are chartered accountants based in Stockport We are Chartered Accountants based in Stockport, close to Manchester, offering accountancy, tax planning advice, payroll services and business consultancy to small and mid sized businesses. We have a special package for business startups. If you are looking for an accountant see the Eight Great Reasons why you should talk to us. We are interested in helping our clients grow, and become more successful and profitable. Click here for a free report with ten very practical ideas on how you can grow your business. Our web payroll service is unbeatable value for money at just £1 per employee per month. Its also an easy and convenient way to work.
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When it comes to Stockport accountants, you will struggle to find better than IN Accountancy. With years of experience and a wide range of services, we can ensure your accounts are in order and that you are taking advantage of all opportunities.
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Based in Cheadle, Cheshire, our dedicated team provides expert solutions to a range of businesses, from individuals to small limited companies, both locally and nationally. We specialise in providing solutions to contractors and those in the property and construction industry. At AXT, we pride ourselves on our modern and forward-looking approach. We understand that your time is precious, which is why we offer a fully digital and online service. So say goodbye to the days of client visits and traditionally long accountancy meetings – we offer convenient and effective online solutions, as and when you need them, saving you time and helping you to succeed.
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Based in Cheadle, Cheshire, our dedicated team provides expert solutions to a range of businesses, from individuals to small limited companies, both locally and nationally. We specialise in providing solutions to contractors and those in the property and construction industry. At AXT, we pride ourselves on our modern and forward-looking approach. We understand that your time is precious, which is why we offer a fully digital and online service. So say goodbye to the days of client visits and traditionally long accountancy meetings – we offer convenient and effective online solutions, as and when you need them, saving you time and helping you to succeed.
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Established in 2002, Black Diamond is an accredited service provider to the flexible labour market. Offering Umbrella and Accountancy Services, Black Diamond is perfectly placed to handle any contractor accountancy or employment requirement. Black Diamond are currently expanding. We are now able to offer our experience and expertise gained over the last decade not only to the flexible labour market but to business and individuals outside of this sector. Black Diamond are delighted to introduce: Diamond Bureau (managed and bespoke payroll bureau services), Diamond Compliance (ID verification, Anti-Money Laundering and Eligibility to work in the UK checks) and Diamond Employment (Employment law and contract advice via our business partners Peninsula). Our focus is always to work in partnership with our clients and shared business growth and success. Black Diamond continues to value the partnerships it has cultivated with its recruitment clients and are excited to expand its offerings and mirror good service to other businesses across the UK.
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We are a local firm of Chartered Accountants dealing mainy with small and medium sized owner managed businesses.
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Personal accountancy services to local businesses of all types. Competitive pricing, fixed fees.
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Business startup advice from P.B. Syddall & Co. In over thirty years of working with a varied client base in the North, we have established a reputation as reliable and forward-thinking accountants and business advisers. Everyone expects their accountant to prepare accounts, deliver financial reports, optimise their tax position, etc. We do all of this - and we do it well! But we also go the extra mile for our clients. We offer a wide range of accounting and business advisory services from profit improvement and advanced tax planning to personal financial management and wealth-building to both businesses and individuals in Bolton and throughout the UK. When you choose us, youll find yourself working with a team thats focused on making your financial affairs run smoothly - and on saving you money! We identify with your success and strive to help you achieve it. After all, your success is our business. Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business. Thats where we fit in. Bring us your business ideas and well help you to evaluate them in a constructive and realistic manner. We can also help you: - Decide on the most suitable structure for your business - sole trader, partnership, or limited company - Prepare a business plan, cashflow projections, budgets, and trading forecasts - Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals - Establish a good working relationship with your bank - Complete any registration procedures with Companies House and HMRC - Deal with company secretarial issues - Set up a recording system for your internal use and for complying with statutory requirements Start your new venture on a sure footing. Contact us for a FREE initial consultation today.
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Admiral Tax Investigations offer a comprehensive range of tax investigation services to UK individuals and businesses. We provide specialist tax investigation advice and support across a range of disciplines. These include UK tax investigation advice and representation, check of self assessment tax returns, Code of Practice 9, Serious Fraud, Voluntary disclosures, HMRC campaigns and tax amnesties. Our fees are unbeatable
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Clarke Nicklin is an award winning, partner-led accountancy firm which goes beyond just the traditional accountancy services to actively work with you to develop. The strength of our business and the service we give to our clients lies in the quality and experience of our team. Working in harmony with your business you can benefit from our specialist, client focused support. As an independent practice based in the North West, we understand your business, business needs and your regional market.
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Chartered Accountants and Chartered Tax Advisers. Friendly service with advice to minimise the tax you will pay and help you make a success of your business.
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Harrop Marshall are pleased to provide a New Business Kit free of charge to all prospects who attend a complementary meeting.
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Hate the hassle of doing your bookkeeping and preparing your VAT returns? Dealing with your bookkeeping can be a daunting and time consuming task at the best of times, let alone when you are concentrating on running your business. Business owners can get more time to concentrate on their businesses by outsourcing their bookkeeping to a reliable and trustworthy Rosemary Bookkeeper. How much profit have you made? Who owes you money? How much VAT do you owe? Do you want management reports that make sense?
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A complete accountancy services: Audit, Tax, Accounts, bookkeeping, payroll, PAYE, business start up ..... at an affordable justifiable fees.
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Affordable accountancy
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Friendly firm of Accountants, based in Bramhall Cheshire. We only deal with small businesses, so we have time to help you build your business with straightforward easy-to understand advice. Limited company accounts and tax or Self-employed Self-Assessment, VAT and PAYE. We charge low fixed fees with no monthly or set-up charges.
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Sterling accountancy is a firm of modern accountants, tax and business advisers based in Manchester using up to date technology to help and support our clients
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