Accounting Solutions Manchester
Accountants, Taxation & VAT Specialists
Year End Accounts, VAT Services, Payroll, Book Keeping, Management Accounts, Company Formation, Personal Tax Returns, Small Business Accounting, FreeAgent Accounting, Limited Companies Accounting, Partnerships Accounting, Tax Advice
Profile
Reduce tax, increase profit, and save time
Choosing the right accountant is a crucial decision for any business. Whether you’re starting out or looking to optimise your business, we’re here to help. With our expertise and knowledge, we’ll ensure your business reaches its full growth potential.
Build your ‘personalised’ accounting package with us today. At Accounting Solutions Manchester, we take pride in our approach to helping small businesses.
We are a firm of ACCA Qualified Accountants based in Stretford, Manchester. We have been providing exceptional service to companies and owner-managed businesses for the last 15 years. Please rest assured that a qualified and time-served professional is dealing with your accountancy and tax requirements.
We acknowledge that a lot of firms make claims to being different, yet the feedback we get from new clients is that their accountant only contacted them once a year and that was by post!
We give you unlimited support throughout the year and take time and care to listen to our client’s needs. This not only helps us provide the service that you should rightly receive, but a service that you deserve.
We then combine this with our expert knowledge and hands-on experience to differentiate us from the other accountancy firms.
All too often we have seen accountancy firms make use of junior accounts clerks to complete the accounts assignments, which the partner then ‘fronts’ as being the work that she/he has done.
At Accounting Solutions all work is undertaken and completed by the partner. Therefore you can rest assured that your accountancy and tax needs are being dealt with by an experienced and time-served individual.
Not only this we are very competitively priced. Why not contact us today and start saving?
Employees
Mr Jay Singh
(Managing Director)
Jay Singh is the Managing Director and lead accountant at Accounting Solutions Manchester. With years of experience helping small businesses in Stretford and across Manchester, Jay specialises in making accounting simple and stress-free. He is dedicated to helping local businesses navigate tax regulations, manage finances, and grow successfully. Friendly and approachable, Jay is passionate about providing expert advice tailored to the unique needs of each client.
info@accountingsolutionsmcr.co.uk
0161 879 7176
FAQs
A company has 9 months after its company year-end to file its accounts, however, we strongly recommend starting soon after your company year-end so that maximum tax savings can be applied. Resulting in lower tax bills.
For limited companies, this usually falls on the anniversary of the last day of the month of when the company was formed. For example, if you registered your company on 1 January 2023, your Accounting Reference date will be 31 January every year from 2024. Your company’s financial year will run for a 12-month period from 1 January – 31 December each year
Here at Accounting Solutions Manchester we will guide you from start to finish, no question is too big or small and assistance is tailored to our clients, regardless of which point you are at or if you are unsure of something, we can help, leaving you stress-free.
Choosing the right accounting software for your small business depends on your specific needs and requirements. Consider factors such as the size of your business, the complexity of your financial operations, and your budget. It’s important to evaluate different software options, compare features, and read reviews to make an informed decision.
Small businesses have various tax obligations, including filing income tax returns, paying quarterly estimated taxes, collecting and remitting sales taxes (if applicable), and reporting and paying payroll taxes for employees. It’s important to consult with an accountant or tax professional to ensure compliance with all tax requirements.
Keeping track of business expenses is essential for financial management and tax purposes. You can use accounting software or spreadsheets to record and categorise expenses. It’s important to retain receipts and invoices as supporting documentation. Regularly reviewing and reconciling your expenses will help you stay organised and make informed financial decisions.
Minimising small business taxes legally requires careful tax planning and compliance with tax laws. Some strategies include taking advantage of tax deductions and credits, structuring your business in a tax-efficient manner, maximizing retirement contributions, and staying up to date with tax changes and regulations. Consulting with a tax professional can help you identify opportunities for tax savings.
Regularly reviewing financial reports is crucial for monitoring the financial health of your small business. Key reports to review include the income statement (profit and loss statement), balance sheet, and cash flow statement. These reports provide insights into revenue, expenses, assets, liabilities, and cash flow. Analysing trends and variances can help you make informed business decisions.
Ensuring compliance with accounting regulations is essential for accurate financial reporting and avoiding penalties. Some steps to ensure compliance include keeping accurate and organised financial records, reconciling bank and credit card statements, properly classifying transactions, and staying informed about accounting standards and regulations. Working with an experienced accountant can help you navigate accounting requirements effectively.
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