Question 1

How much does an accountant cost in Stoke-on-Trent?

Accepted Answer

Our fees are competitive and tailored to your needs. Book-keeping starts from £50/month for small businesses. Personal tax returns from £150. Contact us for a free, no-obligation quote specific to your requirements.

Question 2

What services do you offer?

Accepted Answer

We offer comprehensive accounting services including book-keeping, payroll management, company formation, VAT returns, and personal tax returns. We serve individuals, sole traders, and limited companies across Stoke-on-Trent and Staffordshire.

Question 3

Do I need an accountant for my small business?

Accepted Answer

While not legally required, an accountant can save you time and money by ensuring accurate records, maximising tax efficiency, and keeping you compliant with HMRC. Many small business owners find that professional accounting support pays for itself through tax savings and peace of mind.

Question 4

What does AAT Licensed mean?

Accepted Answer

AAT stands for Association of Accounting Technicians. Being AAT Licensed means we are professionally qualified, regulated, and supervised by the AAT. This ensures we maintain high professional standards, have appropriate insurance, and follow strict ethical guidelines. Our licence number is 1002751.

Question 5

My accountant retired or passed away - what should I do?

Accepted Answer

First, gather all your financial records and documents. Contact us and we can help you transition smoothly - we regularly assist clients in this situation. We will review your current position, ensure all filings are up to date, and establish a clear path forward for your accounting needs.

Question 6

How do I find a good accountant near me?

Accepted Answer

Look for qualified accountants with professional body membership (like AAT), check reviews, and ensure they have experience with your type of business. We serve all areas of Stoke-on-Trent including Hanley, Burslem, Tunstall, Stoke, Fenton, and Longton, plus surrounding areas like Newcastle-under-Lyme and Stafford.

Question 7

What is the deadline for self-assessment tax returns?

Accepted Answer

For paper returns, the deadline is 31st October following the end of the tax year. For online returns, it is 31st January. The tax year runs from 6th April to 5th April. We recommend submitting early to avoid last-minute stress and identify any tax owed in advance.

Question 8

Can you help with company formation?

Accepted Answer

Yes, we handle the complete company formation process including registration with Companies House, setting up your company structure, advising on share allocation, and ensuring you are registered for the appropriate taxes. We also provide ongoing support once your company is established.

Question 9

What records do I need to keep for HMRC?

Accepted Answer

You must keep records of all business income and expenses, bank statements, invoices, receipts, and payroll records. For self-employed individuals, keep records for at least 5 years after the 31st January submission deadline. For limited companies, records must be kept for 6 years from the end of the financial year.

Question 10

When do I need to register for VAT?

Accepted Answer

You must register for VAT if your taxable turnover exceeds £90,000 in any 12-month period (as of 2024). You can also register voluntarily if below this threshold. We can help you determine the best time to register and manage your VAT returns.

Question 11

What is Making Tax Digital?

Accepted Answer

Making Tax Digital (MTD) is an HMRC initiative requiring businesses to keep digital records and submit tax returns using compatible software. MTD for VAT is already mandatory for VAT-registered businesses. MTD for Income Tax Self Assessment will become mandatory from April 2026 for self-employed individuals and landlords with income over £50,000.

Question 12

Should I be a sole trader or limited company?

Accepted Answer

The best structure depends on your circumstances. Sole traders have simpler administration but unlimited liability. Limited companies offer liability protection and potential tax efficiencies at higher income levels, but have more compliance requirements. We can analyse your situation and recommend the most tax-efficient structure.

Question 13

How much can I earn before paying tax in 2024/25?

Accepted Answer

The personal allowance for 2024/25 is £12,570. You pay no income tax on earnings up to this amount. The basic rate (20%) applies from £12,571 to £50,270, higher rate (40%) from £50,271 to £125,140, and additional rate (45%) above £125,140.

Question 14

What expenses can I claim as a sole trader?

Accepted Answer

Allowable expenses include office costs, travel expenses, clothing (uniforms only), staff costs, stock and materials, financial costs, premises costs, and professional fees. The key rule is expenses must be wholly and exclusively for business purposes. We can help maximise your legitimate expense claims.

Question 15

Do I need an accountant if I only have a side hustle?

Accepted Answer

If you earn over £1,000 from self-employment, you must register with HMRC and file a tax return. An accountant can help ensure you claim all allowable expenses, stay compliant, and avoid penalties. For simple affairs, our basic tax return service is cost-effective and gives you peace of mind.

Question 16

What are the penalties for late tax returns?

Accepted Answer

Late self-assessment returns incur an immediate £100 penalty, rising to £10 per day after 3 months (up to £900), then further penalties of 5% of tax due at 6 and 12 months. Late payment also incurs interest and penalties. We help clients avoid these by ensuring timely submissions.

Company Formation in Stoke-on-Trent

Who This Service Is For

What's Included

Sole Trader vs Limited Company

Sole Trader

Limited Company

Benefits of a Limited Company

Limited Liability

Tax Efficiency

Professional Image

Pension Contributions

Business Continuity

Ongoing Support

Company Formation in Staffordshire

Frequently Asked Questions

Other Services You May Need

Bookkeeping

Payroll

VAT Returns

Personal Tax

Helpful Resources

Do I Need an Accountant if I'm Self-Employed in Stoke-on-Trent?

VAT Registration Threshold: When Must You Register?

Ready to Get Started?