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Accountancy & Tax in Stoke on Trent

Key start-up information and list of local accountants

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Stoke on Trent Business Category

Stoke on Trent Accountants

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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 Stoke on Trent, 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

3E's Accountants

3E's Accountants

Whether you have a small or medium-sized business or a partnership, our multi-sector experienced 3ES team will sort out the accounting-related nitty-gritty for you.

Our years of experience have given us a unique perspective on finding efficient, compliant, ways to save you money and help you to grow. We have been serving businesses as their accountants in the UK for the last 12 years.

We know what we are doing. You can trust us and focus on driving sales, talking to clients, establishing your market authority and winning awards.

Harrow
231 Kenton Rd, Harrow HA3 0HD
Tel: 020 3772 2555

Stoke-on-Trent
3E'S Accountants Stoke-on-Trent
Suite 9, 30 Bancroft, Hitchin SG5 1LE,
517 King St, Longton, Stoke-on-Trent ST3 1HE
Tel: 01782 950830

Hitchin
3E'S Accountants (Base52 Ltd)
Suite 9, 30 Bancroft, Hitchin SG5 1LE
Tel: 01462 423152

Milton Keynes
Unit: 4-37, Acorn House, 351-397 Midsummer Boulevard, Milton Keynes, MK9 3HP
Tel: 020393 09992

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Local partners

We are happy to promote anyone who is prepared to offer friendly support to local start-ups.

Our local partners have been kind enough to help us and are keen to help you too.

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 https://www.gov.uk/log-in-register-hmrc-online-services/register

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.

Stoke on Trent Accountants

Moore's Accountancy
Moore's Accountancy have been an ongoing concern in Stoke on Trent since 1997 and we pride ourselves in helping small businesses at every stage of their business especially at testing times. We operate nationally but have our core in Staffordshire, serving local SMEs with local knowledge, PLC experience and a value for money approach. We believe that we have to understand the needs of the client before we can supply the solutions. As well as providing traditional compliance services we offer business plan production, cash flow and performance management services. As a small chartered accountants with PLC experience we can respond to your needs. * We will summarize terms and conditions in a letter of engagement, put your expectations in writing and describe and deliver the level of service you require. * We encourage regular Communication so schedule weekly, monthly or quarterly meetings to review your firms performance, helping you to plan for the future. * Give advice and guidance on keeping user-friendly records. * Give a full breakdown of our charges and services. Work is based on a fixed fee quoted in advance.
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3E's Accountants
Whether you have a small or medium-sized business or a partnership, our multi-sector experienced 3ES team will sort out the accounting-related nitty-gritty for you. Our years of experience have given us a unique perspective on finding efficient, compliant, ways to save you money and help you to grow. We have been serving businesses as their accountants in the UK for the last 12 years. We know what we are doing. You can trust us and focus on driving sales, talking to clients, establishing your market authority and winning awards. Harrow 231 Kenton Rd, Harrow HA3 0HD Tel: 020 3772 2555 Stoke-on-Trent 3E'S Accountants Stoke-on-Trent Suite 9, 30 Bancroft, Hitchin SG5 1LE, 517 King St, Longton, Stoke-on-Trent ST3 1HE Tel: 01782 950830 Hitchin 3E'S Accountants (Base52 Ltd) Suite 9, 30 Bancroft, Hitchin SG5 1LE Tel: 01462 423152 Milton Keynes Unit: 4-37, Acorn House, 351-397 Midsummer Boulevard, Milton Keynes, MK9 3HP Tel: 020393 09992
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Abacus Personal Service Accountants Limited
Accountancy practice providing accounting and taxation solutions to businesses and individuals in Stoke-on-Trent, across Staffordshire and the UK. We are licensed and regulated by the Association of Accounting Technicians (AAT), our mission is to provide our clients with a value for money service with the support and dedication required to enable their business to flourish. Our friendly team are on hand for when our clients need us most. We take a proactive approach to statutory filings ensuring our clients tax liability is minimised within the current HMRC legislation. Our client focused accountancy practice aims to go above and beyond for our clients, we believe that open communication is vital for a successful business relationship.
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Paul Roscoe & Co
A local family run qualified accountancy practise since 1988. Serving clients small and large we offer a professional, personal and friendly service. Well never talk down to you and always try to put it in plain english. Well come to you at a time to suit you.
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The Chartwell Practice
Hello fellow business entrepreneur, If youre thinking of running a small or medium-sized owner-managed business (or you may have already started!), youve just found the accountancy solution youve been looking for. We know youre busy, so here are 7 reasons why our clients choose us to help them through the start, growth and maturity of their businesses. 1. Were true experts in helping small and medium-sized owner-managed businesses to grow and financially manage the challenges that their development or a lack of it throws up. And when youve made your money, you want to keep as much of it as you can by paying as little tax as possible. Our owner-managed business tax solutions do that for you. 2.Our 3 Step Risk-Free Guarantee Puts Your Mind At Rest And Keeps Us On Our Toes. 3. Easy Payment Plan So You Can Spread Your Costs. 4.You get unlimited support for FREE. That means unlimited e-mails, unlimited phone calls and unlimited meetings are all included in your low monthly fee, subject to our fair use policy (worth
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The Chartwell Practice
Hello fellow business entrepreneur, If youre thinking of running a small or medium-sized owner-managed business (or you may have already started!), youve just found the accountancy solution youve been looking for. We know youre busy, so here are 7 reasons why our clients choose us to help them through the start, growth and maturity of their businesses. 1. Were true experts in helping small and medium-sized owner-managed businesses to grow and financially manage the challenges that their development or a lack of it throws up. And when youve made your money, you want to keep as much of it as you can by paying as little tax as possible. Our owner-managed business tax solutions do that for you. 2.Our 3 Step Risk-Free Guarantee Puts Your Mind At Rest And Keeps Us On Our Toes. 3. Easy Payment Plan So You Can Spread Your Costs. 4.You get unlimited support for FREE. That means unlimited e-mails, unlimited phone calls and unlimited meetings are all included in your low monthly fee, subject to our fair use policy (worth
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A&E Accountants
Based in Stoke on Trent A&E Accountants are a qualified, professional partnership. We place confidence in the knowledge that the strong relationships we build with our clients can give a leading fundamental edge with an unrivaled service. What ever your requirements, from starting a new business venture to VAT returns, we work with you and listen to your individual needs to deliver the best service for you and your business. To find out more on how we can help you and your business please contact us for a free no obligation chat. The prices we offer are fixed prices. We do not charge by the hour or day.
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Burnt Orange Accounting
At Burnt Orange Accounting we pride ourselves on our enthusiasm, drive and ambition. Like most successful businesses we have great client service and low prices proudly at heart. Building strong business bonds with all of our clients is vital to us and our continued success. Our clients tell us that our strongest asset is our open, honest approach. Communication is key and building and managing trust allows us and our clients to build a healthy future together.
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Butterflies Bookkeeping & Accountancy
Butterflies is a bookkeeping and accountancy business based in Stoke-on-Trent specifically catering for small businesses including sole traders, partnerships and Limited companies. We offer fixed fee pricing with monthly payments, so no surprises. Whether youve just started out or are a well established business, we offer a full range of services to meet your needs as follows Bookkeeping - In-house or offsite. Computerised and manual records maintained. Preparation of VAT returns. Preparation of year end accounts. Personal and Business Tax returns. Free no obligation consultations
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Jane Heath Accounting
In working with me, a business will know that they dont have to worry about their Bookkeeping or Accounting
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Paul Roscoe & Co
A local family run qualified accountancy practise since 1988. Serving clients small and large we offer a professional, personal and friendly service. Well never talk down to you and always try to put it in plain english. Well come to you at a time to suit you.
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TaxAssist Accountants
TaxAssist Accountants Stoke On Trent provide a wide range of accountancy services including tax returns, payroll and bookkeeping. TaxAssist Accountants in Stoke On Trent are a part of the largest network of accountants who offer a huge range of experience and expertise to over 52,500 small businesses right across the UK. 1) Personal Service - Visiting clients at home or business in or out of normal working hours, both for initial meetings and collection of books etc. 2) Customer Satisfaction - Business standards in place to ensure deadlines always met and clients always happy. 3) Value for money - An agreed fixed price, no hidden charges or surprises and the option to pay monthly with no interest charges. In summary, providing a high quality, fast reliable service at a competitive price.
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Local help for startups

There is plenty of help for startups in Stoke on Trent but where can it be found?

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