David Porthouse & Co
Accountant in Carlisle, Cumbria
We use the latest technology to prepare VAT returns and financial statements. If you engage us to do your VAT returns, we will aim to do the work in such a manner that after a year, part of the work of preparing your annual financial statements has been done already, or at least there is no duplication of effort, and then we will pass the savings back to you.Any bank statements you give us are likely to be scanned in using optical character recognition (OCR) and subsequent processing will be all-electronic for speed. Sometimes we cannot use OCR, so our software is designed for rapid manual keying-in of data using our own auto complete system where nothing ever needs to be done twice.
We are keen users of spreadsheets, and it is our policy that if there is a useful spreadsheet tool that we can produce, then we will. Our first offering in the public domain is an Excel spreadsheet which will show you your business name in a variety of typefaces and colours. You then pick a letterhead style to include in your invoicing software.
We use Excel as our word processor for the many short standard letters that we need to produce. Letters can be assembled reliably and accurately on a spreadsheet with the address and all the reference numbers, and the result can be justified and formatted as in any word processor. Longer letters begin in Excel, but can be transferred to Word if required.
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Bookkeping
read moreMany businesses trade only through their bank account. If all you have are bank transactions, then just give us your bank statements and cheque book stubs, and let us do the rest.
You may not need to do any bookkeeping at all, and we have very fast methods of dealing with bank statements which mean we actually prefer to do it this way.
You may not need to do any bookkeeping at all, and we have very fast methods of dealing with bank statements which mean we actually prefer to do it this way.
VAT Returns
read moreIf we do your quarterly VAT returns, we will try to avoid duplication of work when we come to prepare the annual accounts, and pass the benefit back to you. Our specialist bookkeeping software helps us to do this.
TAX Returns
read moreSelf-assessment income tax returns sent to HM Revenue & Customs after the October 31st deadline need to be sent electronically, which we are able to do.
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David Porthouse & Co
read moreSee an accountant and tax agent as soon as possible if you are starting a business in Carlisle. When HM Revenue & Customs talk about you having a tax adviser, they mean accountants like us. We can prepare your accounts and submit your tax return, and if you see us sooner rather than later, we can guide you in avoiding penalties and keeping your tax bills down to sensible levels. If you are starting self-employment, that is the same thing as starting a business. We can advise you on whether or not you should start as a company, on taking on employees, and on VAT registration, and help you not to do things which are inappropriate.
About Us
read moreUnincorporated sole traders and partnerships are free to draw up their accounts in any layout they think appropriate. These layouts are similar to the layouts which the Companies Act 2006 requires for company accounts. If you are thinking of becoming a company at a future date, perhaps for tax reasons, then we suggest that you stick with these layouts. This second layout has the merit that there is more of a tie-up or "flow" between the profit and loss account and the balance sheet. The bottom line on the profit and loss account shows that a profit of 23,230 has been made.
Carlisle Accountants Incorporation
read moreMany businesses start as sole traders or partnerships, and become companies later, which is called incorporation. Other businesses trade as companies from the beginning. Discuss with your accountant which is best for you. When your profits are high enough for you to be paying surtax at the 40% rate, then it is time to think about incorporation, which we can advise you on. The merits of incorporation are savings on National Insurance Contributions and on surtax. The demerits are more bureaucracy, a higher accountancy fee to match, use of home as office is not deductible, and changes to the way in which a car used in the business is treated.
Accountants Carlisle Tax
read moreWe are always looking for ways to save you tax. There is plenty of good reason to order your affairs in an honest fashion to minimise your tax bill and to avoid your business being dismantled by the demands of HM Revenue and Customs.
Stanwix Accountants Bookkeeping
read moreWe deal with all the usual bookkeeping systems (Sage, Sage One, Xero, KashFlow, QuickBooks, ClearBooks, Simplex D etc.). In addition, we have our own bookkeeping system which can be supplied to our clients free of charge. 3 You get a discount of 5% on your accountancy fee for using our paper system, and a discount of 25% for using our spreadsheet system. 4 There is an additional choice of using the Flat Rate Scheme. If we do your VAT returns, we will check every time to see if a switch to the Flat Rate Scheme could save you money in the future.
Accountant Carlisle Xero page
read moreIf you are using Xero then we would be very happy to help you. We have our own conversion software which can take the General Ledger from Xero and transfer it to our in-house system. Once you have typed in a transaction on Xero, all subsequent processing is digital all the way through to the accounts which we prepare for you. If required, we could do your accounts at high speed. We quote a fixed fee in advance based on how long we expect your accounts to take us, which means of course that we should be cheaper.