welcome to accounting inc.
Ready to build your dream business?
It’s why we’re the first choice for accountants in Newcastle.
Unlock the potential of your business.
BUSINESS
Growth
If you are looking to scale your business, we will help you work out what is next, what challenges are ahead, and how we can help you overcome them (trust us, as Newcastle accountants, we know what challenges lie ahead.) We will provide you with in-depth, financial reporting and share key analytics and insights to help you grow quickly and sustainably. Get in touch, and we will show you how we help businesses beat their competitors.
FULL
Compliance
We will take care of all your accounting and business tax requirements and provide you with details of any amounts due to the taxman well in advance of filing deadlines giving you peace of mind. We offer annual accounts and tax return preparation, VAT returns, and payroll services. Plus specialist tax advice to provide you with meaningful financial insights to help you make smarter and better-informed business decisions. We would love to hear about your business.
CASH
Flow
Cash is King. Many small businesses are using outdated cash management methods that leave them struggling to raise finance and keep up with the ever-changing needs of their business. Our team of chartered accountants in Newcastle, make it easy to get your company running in the best condition possible. We can manage your cashflows and give you the tools and one-to-one support to transform your business into a money-making machine.
Our team are chartered accountants & TAX aDVISORS
Newcastle accountants & business advisors
Based in London and Newcastle upon Tyne and covering all over the UK and beyond. Location is no barrier.
accounting inc.
Xero specialist accountants
Want to know how Accounting Inc. and Xero can help your business?
Please get in touch, our expert team are here to give you the support and expertise to achieve great results in business.
Save Tax Today
If you think that managing your VAT returns and tax returns is a handful, then maybe it’s time to have the top rated Newcastle accountancy firm by your side. We are set up with a fully qualified team of business accountants in Newcastle upon Tyne to do the job for you.
It’s time to take your finances to the next level. We aim to have your company on the road to achieving its maximum potential in no time.
Accountants Newcastle | London
At Accounting Inc. we are much more than your traditional tax and small business accountants. We are your business partner.
We are one of the leading independent firms for accounting services, bookkeeping, taxation, and for generally keeping companies on top of their finances. Providing world-class support.
Wide range services
We see ourselves as more of an accountancy creative agency that offers a wide range of services both business and personal.
For business accounting, we have set a method and standard for delivering the best accounting service we can.
WORK WITH BUSINESSES OF ALL SIZES
We work with both established and early-stage SMEs in the North East and London, as well as other areas. We can provide a complete range of accountancy, tax and advisory services tailor-made for your business.
WE’RE HERE TO SUPPORT YOUR GROWTH
We will help you, your team and your business to grow sustainably. Supporting you to achieve the targets you've set. If you don't have targets we'll help you set them
We’re a friendly bunch who’ll be by your side through every stage of your journey.
Peace of mind
We will take care of all your accounting and tax affairs, which includes business tax and personal tax, provide proactive business advice for corporate finances, and deliver real-time reporting using Xero, and its many connected apps.
Tailored to suit your wide range of needs
All our services are tailored to suit your wide range of needs and to bring results. We exist to help our clients achieve their business and personal goals through business and in the quickest possible time.
Modern accountancy practice
We are a fully digital practice, how we feel the modern accounting practice should be. This means we can connect with clients all over the UK. Our systems make your life easy and less paper.
Why Choose Us
At Accounting Inc. we’re leading accountants in Newcastle upon Tyne that provide a service that will have your business growing in no time!
Every successful small to medium-sized business knows that having solid accounting support can help alleviate the pressure and workload of a business owner. Not just because they’ll have their accounting streamlined, but also so that they aren’t constantly worried about how much cash flow or inventory they have.
The finance of SME’s is the most important aspect that an accounting firm can protect. One mistake can be your downfall and without expert advice, you could end up costing yourself in more ways than one!
The added cost is worth it for the peace of mind, knowing that what matters to you is protected. You’re in safe hands, with Accounting Inc. just ask our clients.
What you will get from us
EVERYTHING
Digital
No looking through old paper files, all your key documents will be accessible online via our secure portal available from anywhere, 24/7.
KNOW YOUR
Numbers
You’ll have access to your numbers from any device, and integrations to the latest technologies. Together we’ll discuss how the numbers impact your business.
ALL ROUND
Support
Ever been waiting days for your accountant to call you back? We’ll be there to provide expertise with fast, expert advice, giving you the best experience possible.
We go beyond compliance
We don’t just take care of your financial obligations and deal with HMRC.
We’ll advise you on many areas of business and personal finance. For example, what is the best structure for your business? This is one of the most important decisions you can make. You need to consider how it impacts both legal and personal liability, as well as current and future tax implications.
There are many different structures with various pros and cons such as limited funding in the company, partnership, corporation, sole trader, classes of shares etc. Schedule an appointment today so we can help you decide what’s best for your company!
At Accounting Inc. our team can help you stay on top of your business by translating all the legal jargon and advising you on what structure would be best for your business.
When starting a new venture, it’s essential to know every detail about how things will, to avoid failure later down the line when there are more complicated aspects involved.
We'll take care of all the red tape
As your trusted and certified accountants in Newcastle upon Tyne, we can be a great asset to your business. We’re able to do everything from completing tax returns, managing personal tax, bookkeeping, payroll and specialist tax work.
If that wasn’t enough we’ll also take care of all communications with HMRC on behalf of your business. No more hours wasted listening to dreary hold music when, it’s time for an update about their progress just ask us how things are going.
We'll help you make smarter decisions
Business owners who want to have a more accurate understanding of the future should hire an experienced accounting firm. Hiring a firm with a proven track record in budgeting and monitoring will help you navigate any bumps that come up along the way so that you can plan for success instead of failure.
A better way to work with your Newcastle accountant is by using a collaborative approach that will allow you and an expert to make decisions on the latest data in tandem. This strategy allows for trust between both parties while benefiting from valuable insights when needed most!
We help you grow your business
Some of the most important aspects an accountant has to keep up with are the latest news and emerging trends, new technologies, and changing legislation. They also know what key pressure points a business faces at different stages of its life.
With the help of a competent accountant, you will be able to see what major issues your business faces due to economic uncertainties and other factors.
The expert analysis from an experienced accountant can help identify how these changes have impacted your clients for your company’s future success with potential trends that might occur as well as new regulations that may impact it.
If you are having a hard time managing your finances, don’t worry! Here at Accounting Inc. we can help. From forecasting to growth management tools and predictive performance reporting we have got it all covered for you.
We'll help you plan for the future
The keyword is planning. We can help you plan for retirement, exiting your business or arranging your finances to ensure you and your family receive maximum benefit possible.
Better results in less time
Why not book a free informal consultation, we’d love to get to know you and see how we can help you with our range of professional services.
You can book your first financial session here on our website. We offer exclusive deals and services and would love to become your top small business accountants in Newcastle.
Since engaging with Accounting Inc. I have been really impressed with how our business has been handled. Everything has been seamless right from the get-go. If I have a query or just looking for some advice I can send a text, which suits me, and this will be picked up straight away. Communication has been fab. I completely recommend if you are a small business seeking an accountant in Newcastle!
The advice and support has been invaluable and I often phone Neil to bounce off ideas or take his objective advice. Introducing us to Xero has been a massive step forward for our business. I travel a lot for work and with Xero, now I can access my numbers when i'm on the road. I love Receipt Bank too, it makes managing expenses so simple. Neil's the best accountant I have worked with.
Testimonial
⚠️ We've had reports of suspicious letters claiming to be from Companies House.
The letter claims you need to make payment for Enhanced Web Filing Access.
Please do not follow any instructions in this letter. It’s a scam.
Read more about scams: www.gov.uk/guidance/protecting-your-company-from-fraud-and-scams#be-aware-of-scam-emails-and-tele... ... See MoreSee Less
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📈 FAQ: Understanding Capital Gains Tax on Selling Shares💰
Investors and shareholders, navigating CGT can be tricky. Here are some common questions answered:
What is Capital Gains Tax on shares? 🤔
CGT is a tax on the profit when you sell (or 'dispose of') shares that have increased in value.
It's the gain you make that's taxed, not the total amount of money received.
How is CGT calculated on shares? 🧮
It's calculated by deducting the purchase cost of your shares (including any fees) from the sale proceeds.
The resulting figure is your capital gain, subject to CGT.
What's the current CGT allowance? 🏦
For the 2023/2024 tax year, the tax-free allowance is £6,000. This means you only pay CGT on gains exceeding this amount.
Does my tax rate affect CGT on shares? 📊
Yes. Higher or additional rate taxpayers pay 20% CGT on shares.
Basic rate taxpayers pay 10%, but the rate might increase if the gain pushes you into a higher tax bracket.
Are any shares exempt from CGT? 🚫
Shares in ISAs and Pensions are free from CGT. Also, certain types of enterprise and social investment shares might qualify for relief.
Can I offset losses against my gains? 🔁
Absolutely. If you've made a loss on shares, you can offset this against any gains to reduce your CGT liability.
Should I keep records of my share transactions? ✍️
Definitely. Keep detailed records of all share transactions, including dates, amounts, and any related documents.
🔍 Every financial situation is unique. For tailored advice, it's best to consult a tax professional.
Questions or thoughts? Drop a comment below or get in touch!
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Tax Tip of The Week:🌟: "Optimise R&D Tax Credits!" 💡🔬
Running a UK business involved in research and development?
Don't miss out on R&D tax credits!
These credits can significantly reduce your tax liability and even result in cash refunds for loss-making businesses. 🚀
Ensure you're claiming all eligible activities and expenses to maximise your benefits.
It's more than just lab work – software development, product design, and process improvements can qualify too! 📊
Stay ahead with smart tax strategies!
hashtag#BusinessTax #RandDTaxCredits #Innovation #UKBusines ... See MoreSee Less
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Introducing Xero's Time-Saving Marvel: Bank Rules! ⏰✨ Say goodbye to manual transaction categorization and hello to effortless financial management. Learn how to streamline your banking with this game-changing feature! 💼💳 #xerobankrules #FinancialEfficiency ... See MoreSee Less
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🎁 FAQ: Understanding Tax Implications of Gifting Property Deposits 🏠💷
What are the tax implications of gifting a property deposit to a family member? 🤔
The gift can potentially be subject to Inheritance Tax (IHT) if the giver doesn't survive seven years after making the gift. It's considered a 'potentially exempt transfer'.
Does the recipient have to pay tax on the gifted deposit? 🏦
Generally, no. The recipient doesn't pay Income Tax or Capital Gains Tax on the gifted amount. However, other tax considerations may apply depending on their situation.
Are there any allowances for gifting property deposits? 🌟
Yes! Everyone has an annual IHT exemption of £3,000 for gifts. If not used in the previous tax year, it can be carried forward one year.
What about gifting between spouses or civil partners? 💑
Gifts between spouses or civil partners living in the UK are usually exempt from IHT, regardless of the amount.
Can gifting affect my Stamp Duty liability? 📜
If the gift increases the recipient's property value over certain thresholds, it might affect their Stamp Duty Land Tax (SDLT) liability, particularly if they own other properties.
Should I document the gift? ✍️
Absolutely. It's crucial to have a written record, especially for substantial amounts. This can clarify the nature of the gift for tax purposes.
🔍 Remember, every situation is unique. Always consult a tax professional for advice tailored to your specific circumstances.
Got questions? Feel free to reach out or drop a comment below!
🔖 #propertygifts #TaxImplications #FAQ ... See MoreSee Less
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