Coastal Accountancy Accountancy & Taxation services
These are the principles we’ve built our business on. • Accuracy • Integrity • Personal Service
Services we provide • Preparation of business accounts for the small business and self employed. • Preparation of income from property accounts. • Preparing personal self assessment tax returns & calculating the tax due. • Book keeping services • Payroll services
If you are in need of acounting services, please give us a call. It would be a pleasure to apply our experience to your specific situation.
Alison Jeffery Coastal Accountancy How to make finances less taxing Many small or young businesses in the region are running in to trading trouble, as a result of cash flow and a lack of knowledge as to what’s required. When a business first launches, often the owner works alone and is consumed with its daily operation, marketing, selling and networking. Initial start-up costs, utility bills and late payment of invoices can add up to a very unbalanced balance sheet. How does the entrepreneur ensure financial flow and a flourishing business? ‘It’s simply a case of organisation’ says Alison Jeffery. Alison, who runs Coastal Accountancy, specialises in supporting small businesses through the early years. She says ‘Many small business owners have fantastic entrepreneurial spirit but simply can’t be all things to all people. Whilst the majority have a good grip on finances, some are unable to plan effectively, whilst some haven’t realised that the onus of fiscal responsibility lies with them’. Alison has a few tips to help new businesses: • Every small business needs to register with HMRC immediately. Missing the three month deadline will mean a £100 fine. • Class 2 National Insurance contributions are payable at a flat rate and can be paid by quarterly bill or monthly by direct debit. • Set some money aside to pay your tax bill. • Keep a working diary of expenses and keep all receipts. • Think about all of the expenses which you may incur, for example, office expenses, storage, phone costs, postage, paper, stationery, travel, repairs and insurance. • Get a state pension forecast so that you can plan for the future. • Self assessment tax returns need to be submitted to HMRC by 31 October each year if in paper form, or by 31 of January if sent online. Alison runs her own small business in Christchurch, Dorset but has 30 years of experience with HMRC and accountancy practices in taxation and is qualified with the Association of Taxation Technicians and the Association of Accountancy Technicians. Alison works with small businesses and selfemployed entrepreneurs across the region, supporting them in preparation of business accounts; preparation of income from property accounts; preparing personal self assessment tax returns and calculating tax due as well as book keeping and payroll. It’s a service offering complete peace of mind for those of us with demanding lifestyles and a shoe box full of receipts. For more information and advice, visit the website at www.coastalaccountancy.co.uk or contact
07817 289640
www.coastalaccountancy.co.uk accounts@coastalaccountancy.co.uk 47