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
Brierley Hill, 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
Running a business is both exciting and challenging. Your journey to success won’t be in a straight line. At times there will be diversions and bumps in the road.
Supporting businesses of all sizes is what we do. With a helping hand from us you will achieve success. We love working with small to medium-sized businesses (SMEs) who are looking to grow.
We’ll help you deal with the demands you will have to face and help guide you on the right track.
- Know how much profit you’re making?
- Make more money?
- Manage your cashflow better?
- Make your business dream come true?
Then we’re the accountants for you.
Contact us and arrange a relaxed, no-obligation chat 0116 2247122
Save time, money and stress- Call us today
Pro Active Resolutions
0116 224 71222
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.
We assure you that your details will not be used for any other purpose. We hate spam and promise not to bombard you with unwanted correspondence.
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.
Please note that one-time registration is required to unlock all of the free items on this site.
Personal Survival Budget
This template will help you to identify how much profit your business needs to make to cover your own personal outgoings.
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
One of the most important steps but is often ignored. This document will provide you with a clear road-map for your business.
If you run your own business in
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
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.
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
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.
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:
- 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.
- 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.
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
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
official VAT website
for full up to date details.
If you can help new business start ups or existing small businesses in the
area, we would love to promote you here free of charge. (Add Your Business)
Business advisers and accountants in Solihull & Bromsgrove .
There are a million things to think about when starting a new business so anything that can be delegated to people who can help is a must!
For those who have never been self-employed before, there’s so much to consider - deciding on the most appropriate business structure to use (sole trader, partnership or limited company), registering for self-assessment, taking on employees (that means running wages and arranging a pension scheme) - and then of course there’s things like renting premises, having insurance, raising finance or applying for an overdraft facility.
It can be overwhelming - but we’re here to help you every step of the way. And once the business is set up, we can support you on an ongoing basis with your accounts and corporation tax returns, cashflow, forecasting, growing your business or anything else.
Founded in 1972, we have grown steadily over the years to become a leading accountancy and business advisory practice in the region with around 100 employees.
We work with over 3,000 individuals and businesses across a range of sectors, who stay in a long-term relationship with us because they trust us to give them the best advice.
Our pragmatic approach and extensive skills base means we can help and advise businesses of any size or industry, but we do have particular expertise in the education, healthcare, legal, financial services and construction sectors.
No matter what size, our clients really appreciate our support, the freshness of mind and specialist perspective that we bring.
Every member of our team has their own distinct strengths and plays an important part in making a difference and help clients succeed in reaching their goals.
Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.
We take care of the time consuming paperwork and tax filing requirements so our clients can focus on their business. We also offer access to a whole range of financial and other services tailored specifically for the small business owner and Individuals needing to file tax returns or tax advice.
Our clients tell us we are different from other Accountants and earn their trust by:
1. Providing fixed fees agreed in advance, so there are no nasty surprises
2. Meeting clients at a time and place of their convenience
3. Being proactive in looking for tax saving opportunities
4. Offering easy payment options to ease cash-flow
We take pride in getting to know our clients and offer a complimentary initial consultation
Ellingsworths Ltd Chartered Certified Accountants provide a high-quality, specialist and personal service to UK Construction Businesses and their Owners. We combine clear advice and great customer service to give a complete specialist accounting and tax solution.
We give UK Construction Business Owners the advice & information they need to grow, control & manage their businesses. We help them save money on taxes and comply with financial reporting regulations.
If youre a small business owner in construction, or a self employed construction professional youll need to keep track of your finances, prepare annual accounts and stay on top of your tax returns. Using Ellingsworths as your specialist construction accountant is the best way to achieve a high standard of expert, hassle free service at an affordable fixed monthly fee. Relax knowing everything is taken care of, youre fully informed and you can concentrate on bringing in business and delivering for your clients.
IT Support Wolverhampton, Birmingham, Midlands, UK
Computatech IT support and services provided to companies in Birmingham and across the Midlands.
IT Support contracts typically from £85 per month for telephone support for businesses customers located across the Midlands. Our customers include Solicitors , Accountancy firms and Manufacturing companies.
we work with many different clients, and of course each customer has unique requirements. However, there are common factors within the markets our clients occupy, and we are confident that our sector-specific expertise will help us to provide the best IT support services for your business, fully meeting your businesses individual & specific needs. Speak to someone that understands your industry and its specific IT needs.
Members of Wolverhampton IT Support Directory
We are a local company based in Wolverhampton and support companies across the Midlands, In addition to the Midlands region, we do cover other areas that sit outside of this geographical catchment area. We have IT Support customers as far north as Manchester and Oldham.
Our support service agreements start from £85 per month for telephone only support. If you need a total package then we can offer on site support with a service level agreement (SLA) providing a 4 hour fix or loan you a server in the event of hardware failure.
Sumik Ventures Limited is a long established provider of advice and assistance to Small and Medium sized Enterprises.
We have 40 years expertise in accountancy, tax, VAT and payroll services and can assist with start ups, conversion to limited companies and the formation of partnerships.
We offer very competitive rates and have qualified staff to deal with your enquiries.
Sumik Ventures Limited is a long established provider of advice and assistance to Small and Medium sized Enterprises. We have 40 years expertise in accountancy, tax, VAT and payroll services and can assist with start ups, conversion to limited companies and the formation of partnerships. We offer very competitive rates and have qualified staff to deal with your enquiries.
Bookkeeping and payroll services for local businesses
I am able to offer a variety of services including:
SELF EMPLOYED BOOKKEEPER WITH OVER 21 YEARS EXPERIENCE. SPECIALISES IN SMALL BUSINESSESS AND SOLE TRADERS. ALL ASPECTS COVERED INCLUDING VAT AND PAYE IF REQUIRED. PLEASE CONTACT FOR A FREE FRIENDLY CHAT