Russell Smith Chartered Accountants

Accounting Firm in Leeds, West Yorkshire · More accounting firms in Leeds LS15 4LG

Get a quote Call 0113 337 2130

About the Business

Russell Smith Chartered Accountants is based in Leeds offering accounting services to businesses and professionals in Leeds, Bradford, York, Harrogate, Wakefield, Manchester, and all of UK.

Services include:

- All accountancy and tax compliance (year end accounts, tax returns, VAT returns).

- Tax minimisation – ensuring you don't pay a penny more tax than you need to.

Financial director service – giving you control of your numbers by producing management accounts with a high-level financial director meeting to ensure you are on top of your financial targets.

Services covered

Personal Tax Services Business Accounting Corporate Tax Start-Up Accounting Audit & Assurance Forensic Accounting Tax Relief & Incentives Specialist Tax Services Financial Planning Making Tax Digital (MTD) Industry-Specific Accounting HMRC Disputes

Business Services

VAT

The rules for VAT registration are the same for self-employed people as well as limited companies. The basic rule is if your sales is going to be more than £82,000 in the next 12 months you should register for VAT. You shouldn’t wait until you pass the £82,000 if your monthly run rate is higher than £6,833 i.e. if right from the beginning, you think you will go above annual £82,000, you should register straight away. You can still register for VAT even if your sales don’t go above £82,000. The reason why you may do this is to appear to customers bigger than you are.

Self Employment

As a self employed or individual (or sole trader – same thing), you need to complete a personal tax return every year – up to 5 April and submit the tax return by 31 January where you pay the tax on your earnings. Your earnings will be self employed and could be employed as well (you can be both!). If your tax bill is over £1,000 you’ll have to pay tax on 31 July as well and watch out for your first tax bill, if this is over £1,000, you have to pay one year and a half’s worth. We have hundreds of self employed individual all over the country, some have been clients for 10 years!

Location & Hours

Building 4, Carrwood Park, Swillington Commons, Selby Road

Leeds, LS15 4LG

Mon	09:00 - 17:30
Tue	09:00 - 17:30
Wed	09:00 - 17:30
Thu	09:00 - 17:30
Fri	09:00 - 17:30
Sat	Closed
Sun	Closed

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Email Address

rsaccountancydirectories@exposureninja.com
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Office

Russell Smith Chartered Accountants
Get Directions

Building 4, Carrwood Park, Swillington Commons, Selby Road, Leeds, LS15 4LG
Phone

0113 337 2130