Check whether sales are paying off
Compare sales with the cost of delivering the work, including changes in supplier prices and staff costs.
Sheffield
Accountants for Sheffield directors, contractors and landlords.
We prepare company accounts and personal tax returns, and help you plan how to pay yourself. Bookkeeping, VAT returns, payroll and management accounts can be included in the work we agree with you.
Accounts and tax for your business
You can ask us to handle annual filings, regular records or both. We agree which accounts and returns we prepare and explain what you need to send us.
We agree the accounts and tax work around whether you trade as a sole trader or through a limited company. If you let property, our property accountants can help with rental accounts, tax returns and the different rules for personal and company ownership.
For the regular work, our bookkeeping service reconciles sales, purchases and bank transactions. Our VAT returns service covers the return checks and digital submission. We agree how much of that work you want us to handle.
Management accounts for Sheffield businesses
If you run a company in Sheffield, annual accounts may arrive too late to help with a decision you need to make now. We can prepare management accounts and discuss what the current figures mean for your spending, prices and pay.
We agree the reports you need, who keeps the bookkeeping up to date and how often we review the figures. Your fixed fee covers the work set out in your proposal.
See a worked management-accounts exampleDecide how much to take from the company
Review profits available for dividends alongside tax estimates, unpaid bills and the cash needed to keep trading.
Plan before taking on a commitment
Ask us to compare expected receipts and payments before hiring, buying equipment or agreeing a new contract.
Self Assessment help in Sheffield
If you need a personal tax return, we check the income, expenses and reliefs relevant to you, prepare the return for your approval and explain the tax due and payment dates.
Tell us about your business income, rent, employment, dividends and any other income or gains that may need reporting. We can also check whether payments towards your next tax bill are due.
Our sole trader accountants cover business accounts and tax returns. For rental income, see our landlord tax service. The Self Assessment guides explain records, deadlines and payments.
Ask about your tax return
Regular records and returns
Bookkeeping and VAT support in Sheffield
You can ask us to reconcile your bank transactions, check sales and purchase records and follow up missing paperwork. If you keep the books yourself, we can agree a checking service before the accounts or VAT return are prepared.
Before taking over, we check which software you use, the last reconciled bank balance and any outstanding returns. We agree who records transactions, who answers queries and who submits each return. Our bookkeeping service explains the regular work, while our VAT service covers return checks and submission.
Making Tax Digital for VAT covers digital records and compatible software for VAT returns. The separate Income Tax rules started on 6 April 2026 for eligible sole traders and landlords whose qualifying income exceeded £50,000 in 2024/25. We can check which rules apply to you and agree the records and submissions you need help with.
Company accounts and tax
Know what needs filing and what tax to plan for.
CIMA Chartered
We agree which accounts, returns and company filings we will handle. If you need tax planning or reports during the year, we include the details in your agreed service and fixed fee.
Companies House identity verification
As an Authorised Corporate Service Provider (ACSP), we verify identities for Companies House and report completed checks. We also help you understand where the personal code is needed for your company records.
Tax planning through the year
We can review your estimated company tax, money you owe the company through your director's loan account, and how much to take as salary and dividends. That gives you figures to discuss before making a payment or buying equipment.
Taking over your accounts
How to switch accountants in Sheffield
Whether you need company accounts, rental accounts or your own tax return, the move starts with the work already under way and your next deadline. We agree the handover with you before taking responsibility for returns.
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Step 1
Agree the work and handover date
Tell us your next deadline and what is already being prepared. We confirm the work, fixed fee and who will finish each outstanding return.
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Step 2
Transfer the records and permissions
With your permission, we request professional clearance and records from your current accountant, arrange HMRC authorisation and complete identity checks.
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Step 3
Confirm the first returns and reports
We check the information received, identify anything missing and confirm what you need to send us for the next filing or management report.
Records to transfer for companies, landlords and VAT
Moving your company accounts and payroll
For a limited company, the handover includes the latest accounts and tax return, current bookkeeping and details of dividends and your director's loan account. If we are taking over payroll, we also need the records of pay and deductions already reported in the tax year.
If you work through your company as a contractor, we can also discuss the off-payroll working rules, known as IR35, and any status decision supplied by your client. We agree any contract or tax review you need as part of the work.
Transferring your rental accounts
Our property accountants check rental income, expenses, mortgage interest records and any losses carried forward from previous returns. We establish whether you own the properties personally or through a company before preparing the next accounts and tax return.
If you are considering a change of ownership, we can agree a separate comparison using your rents, borrowing and other income. The ongoing tax position and the costs of transferring existing properties both matter. Switching accountants does not itself require a change of ownership.
Keeping your VAT returns up to date
We confirm the last VAT period submitted, your next deadline and who will complete any return already in progress. The records need to include the VAT scheme you use, previous returns and the transactions behind the figures.
Our VAT returns service can include bookkeeping checks and digital submission. If records need bringing up to date first, we explain that work and agree it before starting.
Knowing which records to transfer
With your permission, we contact your current accountant for professional clearance and the records needed for the work. We also arrange HMRC authorisation and complete the required identity checks. The handover checklist explains the accounts, tax records and software access to discuss before the move.
Read the full switching process
For support across north Nottinghamshire, see our Mansfield accountants. View all locations.
Alison Business Centre, 39 Alison Crescent, Sheffield, S2 1AS
Common questions
Can you help me understand my IR35 position?
What would management accounts help me decide?
Is my business ready for Making Tax Digital (MTD)?
Can you explain mortgage interest relief on my rental property?
Can I switch to you if my year-end has already passed?
Frequently asked questions
Can you help me understand my IR35 position?
Yes. We can review the contract and how the work is done, then explain the tax implications. Responsibility for deciding status depends on the client: public bodies and medium or large private-sector clients generally make the decision, while your company usually decides for a small private-sector client. A review must consider the facts of the engagement.
What would management accounts help me decide?
They help you see current profit, cash and estimated tax before deciding whether to hire, buy equipment or pay a dividend. We agree which reports you need and how often to prepare them, then explain any figures that need attention.
Is my business ready for Making Tax Digital (MTD)?
We check separately whether the VAT rules or Income Tax rules apply to you, including any exemption. We can then agree software setup, digital record keeping and the returns or updates we will handle. The VAT guide and Income Tax guide explain the different requirements.
Can you explain mortgage interest relief on my rental property?
Yes. For individuals letting residential property, mortgage interest relief is generally given as a basic-rate tax reduction, subject to limits, rather than deducted from rental profit. These rules are often called Section 24. We can explain the effect on your tax return and discuss whether you need a wider review of how the properties are owned.
Can I switch to you if my year-end has already passed?
Yes. We first check the filing deadline, the records available and how much work your current accountant has completed. We then agree who prepares those accounts and when we take over. Any bookkeeping or regular reporting you need is included in the scope we agree with you.
Initial consultation
Book an initial consultation.
Tell us which accounts or tax work you need help with, your next deadline and whether you are changing accountant. We will explain the next steps and agree the work and fixed fee in writing.
Book your initial call