SECTORS

ENTREPRENEURS

There are some accounting skills that every entrepreneur needs to have and they are, budgeting, understanding cash-flow, responsible borrowing, managing costs and payroll. They’re probably not the most exciting of things to be thinking about when you’re about to start a new venture, but they’re essential if you want to succeed. At Parker Whitwood, we want you to succeed in every way so we offer a no obligation initial consultation to discuss your accounting needs. 

ACCOUNTING FOR BUSINESS START-UPS

There are many things to consider when starting a new business, and after beginning your research into the financial and tax implications of a starting a new business, you will quite likely find that you will need some accounting support. We are one of the most affordable accountancy firms in Manchester, UK and we are here to help you succeed in every way possible. We have helped hundreds of new business start-ups in Manchester and the rest of the UK, and we have enjoyed watch our clients thrive from budding entrepreneurs to medium-sized limited companies. 

SOLE TRADERS AND PARTNERSHIPS

As a sole trader or partnership you must keep records of your business income and expenses for your tax return, and you will also need to keep records of your personal income. On top of this you will need to keep a record of your VAT records (if you are registered for VAT) and PAYE records (if you employ people). You will need all of this information to complete your tax return (deadline is 31st January), and to provide them to HMRC if it is ever requested. 

For partnerships, if you’re the nominated partner, you must also keep records for that partnership.

LIMITED COMPANIES

After the end of it’s first year your company must prepare full annual accounts and a company tax return. You will also have to pay your corporation tax bill. For in-depth information on running a limited company visit Gov.uk 

CONTRACTOR ACCOUNTING

We provide Accounting Services to Contractors in and around Altrincham, South Manchester, at an affordable cost.

You may think that the accountancy firm you’re using at the moment is serving it’s purpose?

But quite often, you’re paying way over what you should be, you’re inputting numbers yourself and you’re not receiving one to one personal advice on what’s best for you and your business.

More often than not, you’re just a number with these types of accountancy firms, each accountant having to deal with hundreds of clients. This leaves room for mistakes!

Here, you’ll get your very own accountant, who will be able to provide you with accounting and financial advice, as well as what’s included in our contractor package.

Our Contractor Packages start from just £75 per month for a non VAT registered company.