Accountants in Birmingham

Gondal Accountancy provides bookkeeping, payroll, VAT returns, year-end accounts, self-assessment tax returns, corporation tax, capital gains tax, Making Tax Digital support and tax planning for individuals, sole traders, landlords, contractors and businesses across Birmingham and the West Midlands.

Accountant fees in Birmingham vary depending on the services you need and the size of your business. At Gondal Accountancy we offer transparent fixed-fee pricing so you always know what you pay before you start. Contact us for a free, no-obligation quote tailored to your circumstances.

Yes. We offer a free initial consultation to discuss your accounting, tax or bookkeeping requirements. There is no obligation to proceed — it is simply an opportunity to understand your situation and explain how we can help.

You are not legally required to use an accountant as a sole trader, but most find it saves time and money. A sole trader accountant can prepare your self-assessment tax return, ensure all allowable expenses are claimed, help you stay Making Tax Digital compliant and give you peace of mind around HMRC deadlines. For most sole traders, the fee is outweighed by tax savings and time saved.

A sole trader is self-employed and personally responsible for all business debts, paying Income Tax and National Insurance on profits through Self Assessment. A limited company is a separate legal entity — you are a director and shareholder, pay yourself a salary and dividends, and the company pays Corporation Tax on profits. Limited companies generally become more tax-efficient above around £30,000–£50,000 profit, but involve more administration. We can help you decide which is right for your situation.

Sole traders pay Income Tax on profits above the personal allowance (£12,570 in 2024/25) at 20% (basic rate), 40% (higher rate above £50,270) and 45% (additional rate above £125,140). You also pay Class 4 National Insurance at 6% on profits between £12,570 and £50,270, and 2% above that. Class 2 NI was abolished from April 2024. Allowable business expenses reduce your taxable profit, so keeping accurate records matters.

Yes. We prepare and submit self-assessment tax returns for sole traders, landlords, company directors, employees with additional income and high earners. We also handle HMRC correspondence and can help if you have missed a filing deadline or received a penalty notice.

Missing the 31 January self-assessment deadline triggers an automatic £100 penalty, even if no tax is owed. Further penalties apply after 3 months (£10 per day, up to £900), 6 months (a further 5% of tax or £300) and 12 months. Interest also accrues on unpaid tax. If you have missed a deadline, contact us — we can help you file as quickly as possible and, where there is a reasonable excuse, assist with an appeal.

Yes. We provide specialist landlord accountant support including self-assessment tax returns for rental income, allowable property expense records, capital gains tax on property disposals and Making Tax Digital preparation for landlords. We also advise on Section 24 mortgage interest relief — which restricts the deduction of finance costs for individual landlords and replaces it with a 20% tax credit — and how this affects your tax position.

You must register for VAT when your taxable turnover exceeds £90,000 in any rolling 12-month period (the current threshold from April 2024). You can also register voluntarily below this threshold, which can be beneficial if your customers are VAT-registered businesses. Once registered, you must charge VAT on sales, file VAT returns (usually quarterly) and pay VAT to HMRC. We handle VAT registration and ongoing VAT return preparation.

Yes. We assist with VAT registration, VAT return preparation, Making Tax Digital for VAT compliance, and advice on VAT schemes such as the Flat Rate Scheme, Cash Accounting Scheme and Annual Accounting Scheme to help you manage VAT efficiently.

IR35 (off-payroll working rules) determines whether a contractor working through a limited company should be treated as an employee for tax purposes. If caught by IR35, you pay income tax and National Insurance as if you were employed — significantly reducing take-home pay. For contracts in the private sector, the end client (if medium or large) determines IR35 status. For small private-sector clients, you determine it yourself. We can help assess your contracts and structure your working arrangements appropriately.

Yes. We support contractors and freelancers with limited company accounts, director self-assessment tax returns, IR35 guidance and VAT returns. We also help CIS subcontractors reclaim overpaid tax through CIS tax return submissions — many subcontractors overpay tax under the Construction Industry Scheme and are due a refund.

Yes, subject to HMRC rules. Employed people can claim the HMRC flat rate of £6 per week (£312 per year) without needing receipts, or a proportion of actual costs such as heating, electricity and broadband if they can evidence them. Self-employed people and sole traders can claim a proportion of home running costs based on how much of the home is used for work and for how long, or use HMRC's simplified flat rate (£10–£26 per month depending on hours worked from home). We ensure all allowable home working expenses are properly claimed.

Switching accountants is straightforward. You simply inform your current accountant that you are moving, and they are professionally obliged to hand over your records and respond to professional clearance letters. At Gondal Accountancy, we manage the entire handover — we write to your previous accountant, collect all outstanding records and get you set up without disrupting your accounts or deadlines. Most clients are fully onboarded within a week.

Making Tax Digital (MTD) is HMRC's system for digital tax records and reporting. MTD for VAT already applies to all VAT-registered businesses. MTD for Income Tax (MTD for ITSA) applies to sole traders and landlords: from April 2026 where qualifying income exceeds £50,000; from April 2027 over £30,000; and from April 2028 over £20,000. Under MTD for ITSA, you must keep digital records and submit quarterly updates to HMRC using compatible software. We can help you prepare well in advance.

Yes. We work with start-ups, sole traders, landlords, contractors, limited companies and established businesses across Birmingham and the West Midlands, providing small business accountants, bookkeeping, payroll, VAT returns and corporation tax support.

Yes. We provide managed payroll services for small businesses and limited companies including payslips, PAYE submissions, RTI reporting, National Insurance and pension auto-enrolment administration.

Yes. Our team includes Chartered Tax Advisors (CTA qualified from the Chartered Institute of Taxation) and Certified Accountants. We provide trusted expert support across tax, compliance, accounts and financial management.

No. While we are based in Birmingham and support clients across the West Midlands, we work with individuals and businesses across the UK. All our services are available remotely so your location does not need to be local.

You can contact us by phone on 0121 439 9760, by email at [email protected], or by using the contact form on our website. We are based at 1126A Stratford Road, Birmingham B28 8AE. We offer a free initial consultation with no obligation.