Digital records for people on the move.
Many Fellgate residents spend their working day elsewhere in the North East, whether employed, contracting or running a small business from home. That kind of working life suits a digital approach to accounts. Invoices raised on a laptop, receipts captured on a phone and bank feeds that update automatically all reduce the time spent on paperwork, and they make the move to digital tax reporting much smoother.
Our office is at Team Valley in Gateshead, which is reasonably handy by road. Even so, most clients here work with us by phone and email, with cloud software giving us shared access to the figures. If you would prefer a meeting to go through a new system or a tricky question, you are welcome at our Team Valley office.
Commuters, contractors and home businesses.
Fellgate is a residential estate on the southern edge of Jarrow, with its own Metro station on the line between Pelaw and Sunderland. The A194(M) runs close by, giving quick links to the A1(M) and the wider region. Local shops serve the estate, while many residents run consultancies, trades, online businesses or contracting work that takes them well beyond South Tyneside.
For VAT-registered businesses, digital record keeping and compatible software are already required. For sole traders and landlords, Making Tax Digital for Income Tax is being phased in depending on income, which means quarterly updates rather than a single annual return. People who are already using cloud software tend to find the transition easier. Those still on paper or spreadsheets may need to change how they work.
Who we work with in Fellgate
- 01
IT and engineering contractors
- 02
Home-based consultancies
- 03
Online retailers
- 04
Mobile trades
- 05
Small landlords
Services Fellgate clients ask about
A scenario to illustrate.
Consider a hypothetical sole trader in Fellgate who designs websites for small businesses and also lets out a flat. Their combined income means Making Tax Digital for Income Tax may apply, but they have always kept records in a spreadsheet and filed one return a year. Priestman & Co. could confirm whether and when the rules apply, recommend compatible software, move the records across and explain how quarterly updates work. The year-end process would then build on figures that are already in good order.
Getting to our Team Valley office
From Fellgate, the A194(M) gives a direct link to the A1(M) and A1, which lead to Team Valley. The A184 through Felling is an alternative. Fellgate Metro station connects with Gateshead, where buses run to the trading estate. We are happy to help by phone or by email too.
Tax and reporting rules can change. This page offers general information, not advice specific to your circumstances. The example above is illustrative only.
Fellgate: common questions
It depends mainly on your self-employment and property income, and the rules are being introduced in stages. Some people may be exempt or able to apply for an exemption. If it applies, you will need compatible software and will send quarterly updates to HMRC. We can review your income and explain the timetable that applies to you.
In some cases, spreadsheets can be used alongside bridging software that sends the required information to HMRC. However, many people find dedicated cloud accounting software simpler and less prone to errors. The best option depends on your business and how comfortable you are with each tool. We can help you decide.
An enquiry is HMRC checking your return, and it does not necessarily mean anything is wrong. Some are random, others follow specific questions about your figures. It is important to respond accurately and within the deadline. We can help you understand what is being asked, gather the right information and deal with HMRC on your behalf.