Accounting for Snodland's small businesses
Snodland sits on the River Medway between Maidstone and the Medway Towns. In the nineteenth century its paper mills and cement works made it an industrial village; today it is better known for new housing such as Holborough Lakes and for its link to the Medway Valley railway line. Much of the business activity here is small and owner-run: builders and trades working across mid Kent, mobile hairdressers and beauticians, delivery drivers, landlords and people running a business from the spare room.
For these clients the priority is usually the same. Keep the records simple, get the tax return right and know how much to put aside.
Where we help most
- Self Assessment tax returns for sole traders, partners and landlords, including payments on account and the figures you need for mortgage applications.
- CIS monthly returns for builders who take on subcontractors, plus deduction statements and verification.
- Bookkeeping set-up for people moving off paper or spreadsheets, with simple categories and bank feeds that make the year end quicker.
- Making Tax Digital for Income Tax preparation, so you know whether and when the rules apply to you and have suitable software in place.
- Advice on setting up a limited company when profits grow to the point where incorporation is worth a look.
Online, with a person to talk to
We do not have an office in Snodland. Instead, we work online and by email, and you can request a call back or a video call whenever something needs explaining. You can photograph receipts, share your bank statements securely or give us accountant access to your software through its invitation feature. Meetings can be arranged by agreement if you would prefer to sit down together.
Every client gets a clear list of what we need and a date to aim for, well before the HMRC deadline.
New to self-employment?
If you have just left employment to work for yourself, the first year can feel confusing. We will help you register with HMRC, explain how payments on account work, and suggest a simple way to keep track of income and expenses from day one. Small habits early on, such as a separate bank account for the business, save a great deal of time later.
Keeping tax bills predictable
One of the most common worries we hear is not knowing how much tax is coming. Once your records are in order, we can give you an estimate part way through the year, so you can set aside a regular amount each month rather than facing one large payment in January. For builders with irregular work, this makes a real difference.
Nearby
We also work with clients in West Malling, Maidstone and the Medway Towns. To get started, get in touch with a few lines about your business.
Accountants in Snodland: common questions
Can I work with you without visiting an office?
Yes. Snodland clients work with us online and by email, sharing records through accounting software or secure upload. You can request a call back or video call whenever you want to talk, and a meeting can be arranged by agreement if it would help.
I am a builder taking on subcontractors. What do I need to do under CIS?
As a contractor you need to register for CIS, verify subcontractors with HMRC, deduct the right amount from their labour payments, file a monthly return and give them deduction statements. We can handle the returns each month and help you set up a routine so nothing is missed.
Does Making Tax Digital for Income Tax apply to me?
It depends on your qualifying income from self-employment and property, and the threshold is being lowered in stages over the next few years. We will check your figures, tell you when you are likely to be brought in and help you choose and set up compatible software in good time.
When is it worth setting up a limited company?
There is no single profit figure where it always makes sense. Tax rates, how much you draw, extra admin costs and your plans all matter. We will compare staying a sole trader with incorporating, using your own numbers, and explain the practical changes before you decide.