Chartered Management Accountants
A small firm based just North of Gloucester, with over 30 years of experience across Payroll, Self Assessment, Sole Trader Accounts, Bookkeeping, Corporation Tax, Company Accounts and Company Formation.
Accreditations to support your business
You can find us in the CIMA Members Directory here.
Service Areas
It’s worth noting that we do not offer services around audits, foreign income, trusts, inheritance or crypto currency.
Bookkeeping
This is the first step in ensuring the efficient capture of all incoming and outgoing business transactions and is vital in obtaining a thorough understanding of business performance. We use a variety of accounting software packages including QuickBooks, Xero and FreeAgent.
Payroll
In addition to the processing of payroll information in terms of the transfer of monies from the business to an individual for services/labour rendered, there is a legal requirement to record all payments, ensuring the correct processing of Income Tax, National Insurance and Pensions.
Sole Trader Accounts
If you’re starting out in a new business venture and your income received is greater than £1,000, you’ll need to set yourself up as a “Sole Trader” for tax purposes. Rest assured you can go on to employ any number of people, the term ‘Sole Trader’ just means that you are taxed under the Self-Assessment system, rather than the formal establishment of a limited company.
Self-Assessment
Those who become self-employed and are classed as Sole Traders are required to follow the rules of Self Assessment. Self Assessment involves calculating profit by taking your total business income, less associated expenditure. It is this net result that is used to determine the tax and National Insurance contributions you must pay. Visit our page dedicated to Self Assessment or get in touch for more information.
Company Accounts
We specialise in preparing accounts for small companies falling under FRS 105 guidelines. These guidelines dictate less disclosures with a more simplified approach being taken, thus reducing the cost to the company concerned. Accounts for an incorporated entity are due to be filed at Companies house nine months after the year end date.
Corporation Tax
Corporation Tax is prepared following the preparation of company accounts. Corporation Tax looks at a company’s various income streams and forms of expenditure and produces a tax liability. This is due to be paid nine months and one day after the end of the accounting period.
Company Formation
We can assist with company formation, including checking for suitable names, registering the company, registration of intent to trade for Corporation Tax purposes, application for Payroll and even VAT, should there be a need for this. For more information about forming a company and the pros and cons to this, visit our Limited Companies page.
We can assist in all matters MTD (Making Tax Digital). This includes both the current VAT requirement and the upcoming Income Tax Self-Assessment requirements.
We offer fee protection insurance which is designed to protect companies, for a one-off annual payment, against the cost of any HMRC inspection.
Fee Protection Insurance
This insurance protects companies against the cost of any HMRC inspection, for a one-off annual fee.
If you would like to discuss fee protection insurance, please mention this within your message when filling out our contact form or mention it when calling us so we can provide you with more information.
Client testimonials
Ian was brilliant, he explained all queries about my tax return in a way I could understand. He responded really quickly and I’m definitely using him next year.
Chantal
Started looking for help, Ian reached out very responsive, very professional and within a few days advised me and effectively took me on board as a sole trader. Definitely recommend.
Samuel
Quick and professional service. Ian is the best in his job and very knowledgeable.
Isik
Contact Original Accountancy
Our Address
3 The Tulworths, Longlevens, Gloucester, GL2 9RS
Email: ian@originalaccountancy.co.uk
Tel: 01452 471 041
VAT Registration Number: 469 6845 24
Our Operating Hours
Monday 08:30 – 17:00
Tuesday 08:30 – 17:00
Wednesday 08:30 – 17:00
Thursday 08:30 – 17:00
Friday 08:30 – 17:00
(Excluding bank holidays)
We conduct business via email and video conferencing, so although we are based in the Gloucestershire area we do offer our services Nationwide. If you would like to schedule a video meeting with us, click on the Calendly icon above.
You can view our Bark profile here along with our reviews and connect with us on LinkedIn.
For any general enquiries, please fill in the following contact form: