Stress-Free Accounting & Business Support
Bookkeeping, Tax Planning, and Expert Guidance for Growth
You might ask yourself:
Do I need an accountant for my small business?
It might seem like a lot of upfront cost, but with a business accountant by your side you are likely to cut costs in the long run (estimated to have an average of 7% increased turnover when working with an accountant… see our blog for more information!).
Our passionate, expert team at Reign Accounting can give you financial advice and support you as you grow your business. We’re here to be your partners in all things finance and take the stress and headache out of your small business accounting and bookkeeping.
Although Sedgefield-based, we help and support many different UK businesses with our expertise, such as female-led businesses, freelancers, contractors, and start-ups.
Stress-Free Accounting & Business Support
Bookkeeping, Tax Planning, and Expert Guidance for Growth
You might ask yourself:
Do I need an accountant for my small business?
It might seem like a lot of upfront cost, but with a business accountant by your side you are likely to cut costs in the long run (estimated to have an average of 7% increased turnover when working with an accountant… see our blog for more information!).
Our passionate, expert team at Reign Accounting can give you financial advice and support you as you grow your business. We’re here to be your partners in all things finance and take the stress and headache out of your small business accounting and bookkeeping.
Although Sedgefield-based, we help and support many different UK businesses with our expertise, such as female-led businesses, freelancers, contractors, and start-ups.
Our services include:
Bookkeeping
You might shudder at that very word, but don’t worry! We have an experienced and dedicated team of expert bookkeepers in-house, who focus solely on supporting you in your
day-to-day tasks.
What is it?
If we were to compare accounting with a machine, then bookkeeping is the highly sophisticated interface that keeps it all running smoothly.
Through bookkeeping, accountants keep track of all business transactions, which not only helps with day-to-day operations, but also with planning ahead. Through bookkeeping us accountants keep an eye on all the nitty gritty details, and makes preparing for the end-of-year tax obligations all the easier.
Bookkeeping may include:
- Recording invoices
- Tracking expenses
- Indexing assets and liabilities
- Reconciling bank statements
- Monthly reports on the business’ finances
How Reign Accounting can help
While it’s no business owner’s idea of fun, when starting out as a small business bookkeeping is often minimal and straightforward. But as your business grows, so does the headache when it comes to balancing numbers. More and more little things pop up, each one needing attention and organisation. If you are a small business owner or entrepreneur, being responsible for everything can sometimes be overwhelming. Small mistakes can add up, leading to stress, and, in the worst case, a fine.
With a professional business accountant by your side, you can dedicate your time to what you’re passionate about while we take care of the boring stuff, aka your bookkeeping. With the knowledge that your books are error-free and your financial obligations carefully tracked, you can feel confident in your business and focus on growth. Utilising a business accountant also means that we can identify and apply tax relief, which can grow your profit.
Need help with bookkeeping or want to have a chat? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
Management Accounts
We’ve all heard the annoying question: ‘Where do you see yourself in X years?’
Unfortunately, when it comes to running a small business, thinking long-term is essential.
What is it?
Management accounts are your business’s monthly or quarterly financial health check – like a roadmap for growth. They turn your numbers into clear, useful insights, showing you the real story behind the figures, so you can plan, budget, and make confident decisions.
As a small business you want to grow and realise your vision. At Reign Accounting, we want to help you achieve your dreams. As such, we offer a financial forecast service for your growing business. This is not only an invaluable way to know where you are, but also an important step in planning where you intend to be.
This forecast may include:
- Reviewing and implementing business process solutions
- Creating budgets and forecasts
How Reign Accounting can help
Running out of money is one of the most common fears when it comes to starting your own business. If you have a small business, you’ve no doubt spent hours in front of a computer screen trying to make sense of all your numbers and working out the most sensible path forward. But numbers are complicated and sometimes it’s hard to see the bigger picture when personal stakes are involved.
As your partners in finance, we want you to feel secure in your plans for the future and can offer expert business accountant services. Our team of specialist business accountants can offer expert financial advice so that you can get the most out of your growing small business. We are a trained and experienced team, familiar with legislation and regulations around what it entails to own your own business.
Get your financial worries off your chest and let our professional team support you and your business.
Questions? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
Payroll
It’s hard enough working out your own pay when it comes to running a small business. Now imagine having to do the same for others, only with even more regulations slapped on top… but it doesn’t have to be so hard.
What is it?
Payroll is how you make sure your team gets paid correctly and on time (and HMRC doesn’t chase you!). It’s all the behind-the-scenes number magic that covers wages, tax, pensions, and staying on the right side of the rules – so you can focus on running your business.
Payroll is an essential part of any business with employees. It oversees the recording and distribution of wages, including any deductions and benefit schemes. It may include:
- Data entry
- PAYE
- Payslips
- National Insurance
- Auto-Enrolment
- Pensions
- Tax calculations
- GDPR compliancy
- RTI provided to HMRC
- Reports
- Official documents, e.g. P45, P60 and P11d
- End-of-year summary
Our specialist team of business accountants not only ensures that payroll runs smoothly, but also that it is in compliance with legal obligations, such as tax regulations and employment laws.
How Reign Accounting can help
Running a small business can be stressful all by itself. There’s a million things to worry about already, so when adding additional team members it can get overwhelming. More than just dodging a fine and doing everything by the book, as a small business owner you naturally feel responsible for the people in your team and wish to do right by them.
As business accountants, our professional and dedicated team at Reign Accounting is trained and experienced in not only paying your employees on time, but also in keeping on top of any changes in legislation. We make sure that you and your team are supported and that everyone gets paid correctly and on time.
Instead of having to invest in training your own staff in payroll services, leave the paying of your team to us. This means that you and your team can rest easy and put your energy towards other important aspects of your small business.
Need payroll advice? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
With a professional business accountant by your side, you can dedicate your time to what you’re passionate about while we take care of the boring stuff, aka your bookkeeping. With the knowledge that your books are error-free and your financial obligations carefully tracked, you can feel confident in your business and focus on growth. Utilising a business accountant also means that we can identify and apply tax relief, which can grow your profit.
Need help with bookkeeping or want to have a chat? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
VAT Accounting
Value Added Tax (VAT) is one of those things that can lead to much head scratching and exasperation. Not only is it difficult to understand due to its many rules and expectations, said rules are constantly changing to boot.
What is it?
Having a tax added to the prices of goods and services might seem like an unnecessary headache, but, ultimately, VAT is a helpful tool that benefits the economy as a whole. Not only that, but as a VAT-registered business you have the benefit of claiming VAT for business expenses and purchases when filing your VAT return.
You might be asking yourself: Do I need to pay VAT?
No matter if you’re a sole trader or LTD, if your business has a tax turnover of more than £90,000 a year, you must register for VAT. This means that HMRC requires you to submit a VAT return online, informing them how much VAT you have charged or paid other businesses. However, you can also choose to voluntarily register your small business for VAT even if your turnover is under £90,000.
But don’t worry, this is where us small business accountants come in, expert knowledge and spreadsheets in hand! With the help of Reign Accounting, you can take all of the mystery out of VAT returns and turn all that head scratching into aha-moments.
How Reign Accounting can help
VAT consists of many confusing layers that have led to much head-spinning in the best of us. With a system as complex as this, it’s easy to end up overpaying in fear of making an error.
Not only do many goods and services have different VAT, there are also different VAT schemes available, depending on the size or turnover of your business.
As experienced small business accountants, we can not only help you navigate which goods need which VAT, but also find the VAT scheme that’s best for your business.
This may include:
- Standard VAT Scheme (the traditional methods of paying the difference between VAT charges on sales vs purchases)
- VAT Flat Rate Scheme
- Annual Accounting Scheme (a scheme involving advanced VAT payments to ease monthly costs)
Not registered for VAT yet?
Don’t worry, our expert team can help you with the VAT registration process. We can discuss the best options for your small business and whether registering for VAT is necessary or the best choice for your business.
Confused about VAT? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
Self Assessments
Self Assessments might seem straightforward at first, but it can quickly become complicated and overwhelming.
This is why our expert team of business accountants is here to help shed some light and ease the process.
What is it?
If you have your own small business, you aren’t under a PAYE scheme where taxes get deducted automatically. Unfortunately, you still need to pay income tax on your earnings, which is where Self Assessments come in.
You may ask yourself: When do I need to file a Self Assessment?
Basically, if you’re a sole trader or you’re in a business partnership and your turnover was more than £1,000 across one tax year, you must complete a tax return.
How Reign Accounting can help
No need to panic; our expert team of professional small business accountants can help reduce stress over the dreaded Self Assessment. Here at Reign Accounting, we believe in supporting our clients no matter how big or small their business or financial issue. If it worries you, we’ll be here to help ease that worry.
When it comes to Self Assessments this may include:
- Accurate tax calculation
- Tax return preparation
- Maximising profit and minimising tax by filing all relevant business expenses
- Payment reminders
- Financial reviews and planning
Need help with your Self Assessment? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
Financial Advice
The headache of financial stress spreads to all aspects of our lives.
We want to be your partners in finance in more than just business matters. Our specialist team is also on hand to answer vital life questions and help with provision making.
What is it?
We’ve all been there; life throws something unexpected at us and suddenly everything gets derailed. As your partners in finance, our professional team at Reign Accounting is here to support you no matter what unforeseen circumstances have popped up. Beyond your small business journey, our expert team can help relieve stress around all things finance within your personal life, and help you rest just a bit easier at night.
Beyond business accountancy, we can advise you on:
- Mortgages
- Wills
- Insurance
- Probate Services
How Reign Accounting can help
Our dedicated team has a range of specialist knowledge that covers everything from personal, to business, and anything in-between. Crunching and understanding numbers is important in many parts of life; not to mention that stress within your small business usually bleeds over into personal matters. This can quickly lead to overwhelm and existential worries, especially when you’re already dealing with a crisis.
At Reign Accounting we believe in genuine partnerships and want to support you with compassion and understanding. We want you to feel comfortable in sharing your worries, and trust that we will support you every step of the way.
No matter the crisis, you’re not alone; we’re here to help!
Want to have a chat? Simply book a call with us, or, alternatively, call our office at 01740276075, or use our Contact Form.
Mortgage & Insurance
From exciting to essential, it’s an area that can feel overwhelming. Working with our expert team of business accountants will take the anxiety out of your decision-making. Together, we can find the perfect fit for your small business, as well as help draw up and file all the appropriate paperwork.
Ltd. Annual Accounts
As a dedicated team of business accountants, we will make sure that your financial statements and records contain all the required, comprehensive information. Including your small business’ transactions, operating performance, and financial position at the end of its financial year.
Reconciliation
Making sure your accounts ‘add up’ is not only vital for your business, but also for your peace of mind! Our expert team of business accountants will make sure your costs and sales have been recorded correctly. We will also help you manage cash flow, spot errors, and complete your end-of-year statements.
Our promise to you.
Balancing books and spreadsheets full of numbers might be your worst nightmare, but here at Reign Accounting we love to help with just that. Accountancy and financial issues don’t need to be dull and time consuming, nor inaccessible and stressful.
Our expert team of business accountants will take the burden from you and organise your accounts in a way that is meaningful for your business. In partnership with you, we will show how good and targeted accounting is a wonderful and accessible framework to enable you and your business to grow and flourish.
Spend more time doing what you love and growing your business, while reducing the stress of finances with a trusted business accountant.
Ready to find out how we can help your business thrive?