Accounting Services

Professionals

We have over 20 years of experience providing a reliable, efficient service to a variety of professionals, for example, IT Technician, Architects, Psychologist, Surveyors, those in the medical sector, etc.

Professionals Accounting Services

One stop accounting and tax solution

We will assist you and your business in complying with HMRC rules and regulations. We don’t just stop there we will advise on ways to maximise on tax savings. 

We encourage all our clients to contact us whenever they require assistance, for this very reason we offer a fixed price service that’s tailored to your needs. Giving you peace of mind, leaving you free and relaxed to focus on growing your business. 

Why Choose Us?

Business Structure: We can help you choose the correct structure from the start.  

HMRC registration: We can register your business correctly with HMRC.

Year-end Accounts: Prepare the business accounts ensuring that they are HMRC compliant.

Tax Savings: We will assist you to save tax by claiming allowable expenses and relief. 

Added Value: We’ll take the time and care to talk through your results with you, offering valuable suggestions, helping you plan the best way forward for your business.

Personal Services: Unlike larger firms you will receive a personalised service that’s tailored to you, giving you the attention and care that you deserve.

Recommendations: Make valuable suggestions to help steer the business in the right direction.

Availability: Need to speak after 5.30pm or over the weekend, no problem we are here to help you.

Our team is available to assist you and would be delighted to have a conversation with you! Call us on 0161 879 7175 for a free no-obligation consultation and start saving.

Professionals Accounting Frequently Asked Questions

Below are the most common questions we get asked from professionals regarding their accounting. Feel free to explore and discover how we can support you on your financial journey.

Do I need to register as a limited company to work as an independent professional?

Not necessarily, but forming a limited company can offer tax advantages, limited liability, and a more professional image.

How can I maximise my income while minimising taxes? 

You can maximise income by carefully managing your salary and dividends, claiming allowable expenses, and utilising tax-efficient pension contributions.

What business expenses can I claim as a professional contractor or freelancer? 

You can claim expenses directly related to your work, such as travel, office supplies, professional subscriptions, and equipment costs.

Should I use an accountant to manage my business finances?

Yes, an accountant can help you stay compliant, optimise tax efficiency, and provide valuable financial advice, freeing you up to focus on your work.

How can I keep my finances organised as a busy professional? 

Use accounting software, maintain clear records of income and expenses, and set aside regular time for financial management.

What’s the best way to handle late payments from clients? 

Set clear payment terms upfront, follow up promptly on overdue invoices, and consider using a contract with penalties for late payments.

Can I hire other professionals to help with my workload?

Yes, as a business owner, you can hire employees or subcontractors. Just ensure you comply with employment laws and properly manage contracts.

Do I need to register for VAT?

If your business turnover exceeds the VAT threshold (currently £90,000 in the UK), you must register for VAT. Voluntary registration may also be beneficial.

What is the deadline for filing a company’s annual accounts with Companies House?

Limited companies must file their annual accounts with Companies House within 9 months after the end of their financial year.

When must a limited company pay its Corporation Tax? 

Corporation Tax is due 9 months and 1 day after the end of the company’s accounting period, even though the tax return itself is due later.

What is the filing deadline for PAYE submissions if a limited company has employees?

PAYE submissions must be filed with HMRC on or before the date the employees are paid, as part of Real Time Information (RTI) reporting

If you have any further questions regarding your Limited Company or would like to speak to one of our accountants for friendly advice and support, please get in touch today.

Accounting Solutions Manchester
Google 5 Star Review

Accounting Solutions are by far the best accountants I’ve ever had. Jay and his team have been invaluable to my company over the years. It’s daunting starting a new business, but Accounting Solutions have provided a personalised service, support and thorough guidance. No question is too daft or too obscure for them to answer. From assisting us with the books/VAT returns through to preparing our limited company accounts and tax returns, I cannot recommend them enough. Look no further for one of the best accountants in the Manchester area.

K

Kelvin Nguyen

Google 5 Star Review

Jay from Accounting Solutions has been helping me with my business for the past 2 years. He has been an amazing help, and supported me with valuable information from best practice on tax planning, to yearly accounts and tax return.

I chose working with Jay over larger companies due to the personalised experience he offers my business. I can rely on him at any time to answer my questions and help me solve issues. And as a small business, I am grateful for the support received. Thoroughly recommended for any business looking for accounting services in Stretford.

N

Nayal Khawaja

Google 5 Star Review

I have recently set up a limited company after being a sole trader for twenty years. Jay has made navigating all the requirements for HMRC as a Ltd company, extremely understandable and much less daunting.

I would thoroughly recommend Accounting Solutions Manchester, if you need an accountant who knows his stuff, and is always available to speak with you, whenever you need some clarity or support with financial matters.

L

Lisa Lawton

Let’s get started today

For a Free no-obligation consultation with our Manchester accountants, contact us today.

We’ll answer any questions you may have to help you make the right decision for your business.