Stellar Tax works with businesses of all sizes and formation including sole traders, partnerships and limited companies.
At the very beginning of a new financial year you might be thinking about making some business changes, perhaps you’re considering changing Accountants, but feel it may be too much hassle. Well,believe us when we say, it’s easier than you think.
At Stellar Tax, as soon as you appoint us as your accountant we will deal with the handover requirements from your previous practice. We can handle much more than just your payroll and tax returns. We are here for our clients at all stages of their company’s growth. From a business plan to company formation, loan application to government audit, STELLAR can make life easier for you at each step.
Like all small business owners who are looking to save money, you may think you cannot afford an accountant. But look at how much effort and time it would take you to do certain tasks (such as tax returns), and ask yourself, is that a good use of your time?
Also HMRC receive countless numbers of tax returns each year containing errors or wrongly completed – do you want to risk the fines that this will bring? So what other events during the life of a typical small business, might you need us to help you?
If you wait too long to deal with the new acccounting rules , the new pensions regime , MakingTax Digital and delivering your 2016-17 tax return you could spend a long time in an awkward place. So now is the time - call us for advice and assistance now. All handled in strict confidence and designed to help your possition . Call us today on 01458 224519 and don't land in the doghouse.
SPRING Special - 10% off all tax returns if informaton sent to us by 31 july 2017.
ALSO special offers on softwware and monthly plans- one month free for new clients.
You’ll need advice when you write a business plan
If you contact us while you’re writing your business plan, we will be able to use our accounting software to add financial projections and other reports to it. This will help you create a business plan that’s realistic, professional and more likely to succeed plus you will get the benefit of our financial knowledge and advice right from the start. That could save you time and money compared with coming to us later.
You’ll need advice about your company’s legal structure
Not all businesses have the same legal structure – there are different types that are determined by a number of factors. Some might be called limited companies,limited liability partnerships or corporations, others could be sole traders or proprietors. You should carefully consider each type before deciding which one best suits you. For example, you may do business as a sole trader or sole proprietor, working on a self-employed basis and invoicing under your own name.If this is the case, you might be able to offset some of your living expenses against tax.
However,this also means you could be held personally liable for any business-related obligations. If your business fails to pay a supplier, defaults on a debt or loses a lawsuit, the creditor could legally come after your house or other possessions.
With a limited liability company structure, it’s different. As the name suggests, the liability of the business is limited to the assets owned by the business, not you personally (though there may be exceptions in some circumstances).
We can explain the legal business structures available and help you choose the one that best suits you.
Dealing with Companies House and HMRC
No matter which business structure you choose, you will need to deal with HMRC and perhaps Companies House. Some business owners can find this quite daunting, but with us as your representative, we deal with all issues on your behalf.
- Complete and file the required legal and compliance documents for your business
- Keep your company up to date with the latest tax laws
- Prepare annual statements of accounts
- Keep your company’s status updated at Companies House
- Maintain records of directors and other administrative personnel
- Organise and record share/stock allocation, such as when the business is formed, when a business partner leaves or a new partner joins
- Handle your payroll and ensuring that all employees’ tax codes and payments are recorded correctly.
- Prepare your tax documents correctly
You’ll need an accountant when you apply for a business loan or overdraft
Banks like to know they’ll get back the money they lend out. Since the credit crunch,lending to small businesses has dropped, this makes it all the more important that you have a sound business case when you apply for a loan or overdraft.
We can help improve your chances. Even the fact that you have an accountant might sway the bank in your favour, as it implies you’re serious about your business. With our cloud based accounting software, we can present facts and figures that backup your application for funding plus answer any questions your bank might have about revenue projections and expenses.
You’ll need an accountant as your business grows
Companies don’t always grow at a steady rate. A new client or a big project can mean you need to grow your business more quickly than expected. Stellar Tax and Business advisory services Ltd we can help you handle growth transitions, such as hiring employees or taking on more office space. We will look after the detail (payroll, employee tax management, property tax, utility payments and so on),leaving you free to look at the bigger picture of the way your business is growing.
Again we can use our conventional or cloud based accounting software to analyse your cash flow, inventory management and pricing. Stellar will also provide insight into how to properly grow the business through financial analysis. We might even help determine when is the best time to introduce a new product or service offering to your range.
There you have it, as you can see no matter where you are on your business journey Stellar Tax can help, advise and make sure the pounds are rolling in.
Give us a call on 01458 224519 or e-mail firstname.lastname@example.org.