Accountancy & Tax In Poole

Accountancy & Tax In Poole
Accountancy & Tax In Poole

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 Poole, it makes sense to use Accountants or Bookkeepers also based in Poole. Local accountancy firms that are prepared to help small business and new business start ups in the area are listed below.

Recommended Local Partner

Hixsons

If you are looking for a team of reliable, approachable, and proactive accountants in Dorset who will do more than just respond to your needs but work alongside you to help you succeed you have come to the right place.

Our mission is to enable you to realise your goals by giving you the tools to set, measure and achieve your vision.

All the tools you need to be a success are here at Hixsons - new ways of thinking about your business, so you work on it, not in it, all the time. If you only do the simple things right every time, everyone will think you are brilliant. We can show you how to do it easily.

In today’s challenging business environment you need to be competitive and fast moving. This site provides you with a wide range of essential advice and information covering all aspects of business that you are welcome to use as your ‘one stop shop’ . These online services are free and updated regularly.

We also take that approach when we work with you, giving you the support in all the areas that you need.

Every business owner needs a team of professionals who provide continuous support and advice. That's what we're here to do.

Through years of commitment to our business clients here at Hixsons in Bournemouth we have developed a wide range of skills and services designed to improve your performance and profitability.

This is what a client says about us:

"Prior to Hixsons, our company employed 2 accountancy firms from inception 20 years ago. Hixsons took on our company accountancy in 2010 and since this time have been proactive in their approach and made recommendations to available grants otherwise unknown to us. Changes to our personal structure have allowed us to make savings with realistic objectives possible. Hixsons are reliable, trustworthy and forward thinking. Our only regret is that we didn't find them sooner!"

Hixsons
Tel: 01202 520010
Web: http://www.hixsons.co.uk

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.

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.

Latest Accountancy Articles

If you run your own business in Poole 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

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.

Poole Accountants

Useful Start-Up Resources

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

If you are looking for a team of reliable, approachable, and proactive accountants in Dorset who will do more than just respond to your needs but work alongside you to help you succeed you have come to the right place. Our mission is to enable you to realise your goals by giving you the tools to set, measure and achieve your vision. All the tools you need to be a success are here at Hixsons - new ways of thinking about your business, so you work on it, not in it, all the time. If you only do the simple things right every time, everyone will think you are brilliant. We can show you how to do it easily. In today’s challenging business environment you need to be competitive and fast moving. This site provides you with a wide range of essential advice and information covering all aspects of business that you are welcome to use as your ‘one stop shop’ . These online services are free and updated regularly. We also take that approach when we work with you, giving you the support in all the areas that you need. Every business owner needs a team of professionals who provide continuous support and advice. That's what we're here to do. Through years of commitment to our business clients here at Hixsons in Bournemouth we have developed a wide range of skills and services designed to improve your performance and profitability. This is what a client says about us: "Prior to Hixsons, our company employed 2 accountancy firms from inception 20 years ago. Hixsons took on our company accountancy in 2010 and since this time have been proactive in their approach and made recommendations to available grants otherwise unknown to us. Changes to our personal structure have allowed us to make savings with realistic objectives possible. Hixsons are reliable, trustworthy and forward thinking. Our only regret is that we didn't find them sooner!"
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Summ-It Up, Xero Accountancy Specialists. Here to help keep your business moving forward Running a business is incredibly time consuming and bookkeeping can be a huge inconvenience when youre up to your eyeballs in just about everything else. Easy invoicing, smart reports and fast bank reconciliation are usually distant dreams but with Xeros software all of that and more is available and Summ-It Up are here to help you with it. Offering a personalised approach, Summ-It Up can work on an hourly or fixed fee basis, which is based on each individual clients needs and requirements. With no set price list which you have to fit into, our team will work around what you need, how you need it.
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With over 25 years of experience in Bookkeeping, we are able to offer a wide range of Bookkeeping Solutions to suit any business needs. We are a small family Business who pride ourselves in offering a professional but friendly jargon free service.
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Forward thinking accountants, using the latest technology we pride ourselves on providing exceptional service, this includes utilizing Xero the market leading online accounts package so that we can help you and your new business more. With clear, competitive fixed fees payable monthly, we help spread the cost which is invaluable when setting up. Come and see the difference we make to you and your business.
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The Friendly & Approachable Accountancy Service! Providing a high quality professional and personal service, sensitive to your individual needs and situation. Free initial consulation Sage Accountant Club Member Bookkeeping Advice Remote Support
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Independent Chartered Certified Accountants based in Poole providing full professional services to individuals and businesses. Services include company formation, accounts preparation, tax return completion, VAT, payroll and bookkeeping
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Chartered Certified Accountants offering a full professional service to businesses and individuals.
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Accessible services, free and easily available business information, practical financial and commercial advice. Embracing technology and the opportunities that it provides to maximise convenience and minimise cost. We are accountants, we are even registered auditors, but people are the essence of a small business, and we are revolutionising the working methods in a way that truly benefits you.
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We are a firm of accountants who work only with self-employed people and small business owners.The easytax team has over 50 years collective experience in accountancy and financial services. We work closely with our clients to establish their precise needs and tailor our service accordingly.
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At Ferreira Johnson we help small and emerging businesses set themselves up on business systems that are right for them. Stock management, CRM, email marketing, accounting and reporting all rolled into one.
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Inspire provides a complete range of services to support entrepreneurs and owner-managed businesses whose needs and requirements are often as diverse as the businesses they are involved in.
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I am a certified bookkeeper based in Broadstone, Dorset, and provide a range of bookkeeping services to small and medium sized businesses in the local area (including Poole, Wimborne, Ringwood and Christchurch). Services include: Bookkeeping to trial balance, final accounts for sole traders, draft final accounts for Limited companies & Partnerships, VAT Returns and Self Assessment Returns. Whether you are drowning in paperwork or just need a few hours assistance keeping your books up to date please give me a call to see how I can help. I look forward to working with you!
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I offer a bookkeeping service to all small medium businesses in dorset offering: Accounting Services, Bookkeeping, VAT, CIS, Payroll Services.
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Complete bookkeeping service, management accounts, credit control, payroll, vat returns. bank reconciliation. accounts prepared to submission to your accountant and bank manager.
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Sage and IT Training, Bookkeeping, Payroll and Consultancy Services. Courses include Lunch, Refreshments, Certificate and Training Manual. Courses start from
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I provide bookkeeping, accounting and tax return services to any local businesses, particularly focussing on the construction industry. Work from office at home, so very competitive rates. Have moved full time from January 2011 - part time prior to that for 19 years.
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At Ward Goodman we understand that each small enterprise and start up business requires a specialized service to survive and flourish in todays competitive marketplace. This is why we have created our dedicated Small & start up business unit that is managed and staffed by professional small and new business experts.
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Start Up Funding