Accountants in Ashton-under-Lyne

Self-assessment can apply to more than just sole traders. You may need to submit a return if you receive rental income, dividends, freelance income or income that has not already been taxed. You may also need help if you have several sources of income.

Our self-assessment service can include:

• Reviewing your income
• Checking allowable expenses
• Preparing your tax calculation
• Completing the tax return
• Submitting the return to HMRC
• Explaining how much tax is due
• Helping you prepare for the payment date
• Responding to questions about your return

We assist sole traders, landlords, company directors, contractors and individuals across Ashton-under-Lyne. You shouldn’t have to wait until the last minute to know how much tax you owe. The earlier you get the return ready, the more time you have to understand the calculation and plan your payment.

VAT Services in Ashton-under-Lyne

VAT can become difficult to manage when records are not kept regularly. VAT-registered businesses need to apply the correct treatment to sales and purchases. They also need to maintain suitable digital records and submit returns on time.

Our VAT services can include:

• VAT registration
• VAT return preparation
• VAT bookkeeping
• Reviewing VAT records
• Correcting bookkeeping errors
• Making Tax Digital support
• General VAT advice
• Support with suitable VAT schemes

We can also help if your business is approaching the VAT registration threshold. Registering for VAT affects your pricing, record keeping and cash flow. We will explain what the change means before helping you complete the registration.

Payroll Services for Local Employers

Payroll needs to be correct every time. Employees want to be paid correctly and on schedule. Employers also need to make the right deductions and provide payroll information to HMRC.

Our payroll services can include:

• Weekly or monthly payroll
• Salary calculations
• PAYE deductions
• National Insurance calculations
• Employee payslips
• Real Time Information submissions
• Starter and leaver processing
• Statutory payment calculations
• Payroll records
• Workplace pension calculations

Outsourcing payroll can save time and reduce the pressure on your internal team. It also gives you a regular process for providing employee information and completing each payroll period.

Tax Planning

Tax planning is most useful before the financial year has ended. Once a decision has already been made, the available options may be limited. We can review your position and discuss areas such as:

• Business structure
• Salary and dividends
• Allowable expenses
• Corporation tax
• Personal tax
• VAT
• Capital purchases
• Expected tax payments
• Future business plans

Our role is to explain the available options. We do not make the business unnecessarily complicated simply to reduce one tax payment. The advice should make sense for your wider financial and business plans.

Cloud Accounting Support

Cloud accounting software can make everyday record-keeping easier. Bank transactions, invoices and expenses can be managed through one system. You and your accountant can also access more current financial information. However, the software must still be set up correctly.

We can help with:

• Setting up cloud accounting software
• Connecting business bank feeds
• Creating invoice templates
• Organising income and expense categories
• Reviewing existing records
• Correcting bookkeeping mistakes
• Maintaining digital records
• Ongoing bookkeeping support

The software does not replace accounting advice. It simply provides a better way to organise and share the information needed to manage your business.

Accountants for Landlords and Property Businesses

Landlords should document income and expenses related to rentals. You might have to include these figures on a self-assessment tax return. Property tax can get more complex when you have multiple properties, shared ownership or decide to sell.

We can help landlords and property businesses with:

• Rental income records
• Property expense records
• Self-assessment tax returns
• Tax calculations
• Capital gains tax support
• Bookkeeping
• Limited company accounts
• General property tax planning

Keeping separate and accurate property records makes the annual tax process much easier. It also gives you a better understanding of the actual income and costs connected with each property.