Free Directors Self Assessment for Startups
At Jacksons Accountants Limited, we’re not interested in charging for unnecessary things, that’s not how we like to do business. As we’ll be advising you on much of your tax affairs anyway, we already have much of the information we need. So as part of our Limited Company package, we include each directors’ self assessment tax return as standard. Get in touch for more info here.
Taxes, taxes, taxes
Corporation Tax, Dividend Tax, Income Tax? It can all get very confusing trying to figure out if you’re paying too much (or too little) tax. We will assess the structure of your company and advise you on how to keep your tax bill as low as possible.
Often, the best approach is a combination of dividends and salary and we can make sure that you’re set up to take advantage of your tax free allowances, so you have more cash to reinvest into your business, hire new people or enjoy a nice retirement.
Bookkeeping for Startup businesses
When starting a business, it’s easy to lose track of bills, receipts and expenses. We offer bookkeeping from as early as possible so that you can make significant savings down the line. By doing this, you will also benefit from your accountant having a deeper understanding of your business to help it be a success.
If your turnover is over £85,000 in any 12 month period, you will need to register for VAT. In some instances, it is advantageous to register before this threshold. We will ensure that you are compliant and complete and file VAT returns on your behalf and let you know the best type of VAT scheme to be on.
We will provide our expert advice on how and when to register, what products and services are subject to VAT and answer any other queries you may have regarding your VAT registration.
How can I set up a startup business?
There are many ways to start a business, see our pages on Sole Traders and Limited Companies for a few ideas on how you want to be set up, we can talk you through the various advantages and disadvantages during your free consultation.
What is also important is how you manage your business. Although it may not seem like the most appealing thing to do when you’re ready to just get stuck into doing what you love, adopting good practice when it comes to keeping track of transactions, creating invoices and knowing what to do when it comes to the end of the tax year. Thankfully, we can support you in this side of things so that you can get the best possible start to life as a business owner.
How we can help your startup business
Starting a business can be time-consuming and overwhelming. Whether you’re registering as a limited company, or a sole trader, you need to make sure that you are compliant with the law and with HMRC. Whilst it may not be at the top of your list of priorities, having a good accountant behind you can help massively in the long run.
Our prices are fixed so you can budget and won’t be hit with unexpected costs come year-end. Some companies are slow burners that require very little in terms of support, but some businesses can grow far beyond the capacity of one or two owners very quickly. We provide a personal touch, where we can offer a full support package that can be as involved as you need us to be. Whatever your situation, you can always get in touch for a free consultation.
Whether you require a full accounting software package, or just need basic spreadsheets to monitor your transactions, we will provide the right balance for your company at a competitive price.
Each business or individual we work with is assessed for their needs and a personalised package is created to meet their requirements. Using cloud based systems allows information to be updated instantly from either party, giving you a better understanding of your companies financials. We can work with your existing systems or transfer you over to new software.
Jacksons Accountants Limited
Oak House, Samuel Brunts Way,
Mansfield, Nottinghamshire, NG18 2AH
Mon – Fri: 9am – 6.30pm
Sat – Sun: Closed