Chartered Accountants On The Isle Of Wight

Slide title

Write your caption here

Button

About us

Based centrally in Wootton, we are a local, friendly accountancy firm regulated by the Institute of Chartered Accountants in England and Wales (ICAEW). We offer a range of services, from accounts preparation and tax services to advice that will help you develop and grow your business. We are a customer focused business providing a single point of contact where possible and we will work with you to provide the services you need.

Embracing current technology ensures a fast and efficient process of preparing and filing your accounts and tax returns. At Isle of Wight Accountants we partner with the leading accountancy software providers which enables us to set up, maintain and advise you on how to utilise your software to its full potential. We are currently working with our clients to ensure the transition to 'Making Tax Digital' over the coming years will be as easy as possible.

" Welcome to Isle of Wight Accountants!

I set up Isle of Wight Accountants in 2015 with the sole objective of becoming the accountants of choice on the Isle of Wight by putting the needs of our clients first and offering expertise in accountancy, taxation and business support services.

' What is best for you? ' is the question we always ask ourselves and is the basis for the services we provide. We work with you to provide a service tailored to your needs, giving you value for money and ensuring you can depend on us. "

Kyle

Managing Director

The Team

Kyle Stevens FCA

Kyle trained at a local firm of accountants and qualified as a Chartered Accountant in 2013. Kyle has a varied client portfolio from small sole traders to multi million pound turnover companies. Kyle specialises in business development advice and works with a number of high growth clients, helping them achieve their potential.

When Kyle isn't at work, he spends his time with his family, watching movies and attempting DIY!

Hannah Doyle

Hannah is a founding member of Isle of Wight Accountants. Hannah is an accounts assistant working directly for the directors. Hannah assists the directors with accounts preparation, bookkeeping, VAT and payroll for a number of our clients as well as providing office administrative services for the company.

When Hannah isn't at work, she is a very proud mother to two young children who keep her very active!

Caymen Collins ATT

Caymen joined Isle of Wight Accountants in 2020 as a senior tax manager. Caymen started his accountancy career in 2010 on the island and gained his accountancy qualification in 2014 and his tax qualification in 2016. Caymen became a director in 2022 and manages the tax department, as well as having his own client portfolio including leading the service provision for the local branches of a national franchise.

Outside of work, Caymen is a proud father to his young daughter and also represents England around the world playing beach soccer.

Nicola Peachey ACCA

Following a period of growth at Isle of Wight Accountants, Nicola joined the company in 2022 as a senior accountant with many years of experience working at a large Isle of Wight practice. Nicola has previously worked with both of the directors and after a career break to start a family, she is a welcome addition to the Isle of Wight Accountants team, bringing a wealth of experience with her. Nicola prepares the accounts and tax returns for a number of our clients whilst also providing bookkeeping and VAT services.

Nicola runs a small holding with her husband and young child, raising chickens, sheep and pigs and working to persuade her husband to raise cows too!

Bridie Westerhoff CTA

Bridie trained at a local firm of accountants and qualified as a Chartered Tax Adviser in 2016. Bridie manages our tax department looking after our high-net-worth clients and their more complicated tax affairs.

Bridie liaises with local solicitors providing a capital gains tax service and advice in connection with trusts and estate planning. Bridie also looks after our non-resident clients.

Most of Bridie’s spare time is taken up with her two young boys and keeping up with their exploits!

James Carter

James joined Isle of Wight Accountants in 2024 after gaining a 1^st Class Honours Degree in Accounting with Finance from Portsmouth University.

James is our first Trainee Chartered Accountant and is gaining practical experience in accounts preparation and completing personal and business returns. James also undertakes bookkeeping, VAT, wages and management accounts preparation for some of our clients. In James’ first year, the courses he will be following will supplement the practical experience he gains in the office.

In his spare time, James has started playing golf regularly and enjoys going to the gym.

Compliance Services

Isle of Wight Accountants - HMRC & Companies House

Accounts and tax returns

We will prepare your accounts and tax return efficiently, and file those documents with HMRC and Companies House, if required, on your behalf. Provided you let us have all your accounting records and complete tax return information within three months of your filling deadline we guarantee to file your documents before the due date. Some of our clients have told us that the tax we saved them is greater than our charges!

Limited companies from £800 +VAT
Micro companies from £800 +VAT (£960 incl VAT)
Your company will be a micro-entity if it has any 2 of the following:
- a turnover of £632,000 or less
- £316,000 or less on its balance sheet
- 10 employees or less
Small companies from £1,550 +VAT (£1,860 incl VAT)
Your company will be ‘small’ if it has any 2 of the following:
- a turnover of £10.2 million or less
- £5.1 million or less on its balance sheet
- 50 employees or less
What's included:
- Accounts and corporation tax return
- Confirmation statement
- Dividend paperwork
- Reasonable level of advice and tax planning
Directors tax returns from £100 +VAT (£120 incl VAT)
Sole traders from £450 +VAT

Sole trader tax returns from £450 +VAT (£540 incl VAT)

Sole trader accounts to accompany the tax return from £100 +VAT (£120 incl VAT)
Partnerships from £600 +VAT

Partnership accounts, partnership tax return and 2 personal tax returns from £800 +VAT (£960 incl VAT)

Addition partner individual tax returns from £100 +VAT (£120 incl VAT)
CIS subcontractors from £350 +VAT

Personal tax return for a CIS subcontractor from £350 +VAT (£420 incl VAT)
Landlords from £350 +VAT

Individual personal tax return for a personally owned single property from £350 +VAT (£420 incl VAT)

Jointly owned single property, both tax returns from £500 +VAT (£600 incl VAT)

Additional properties from £100 +VAT (£120 incl VAT) each

Bookkeeping and VAT

Having up to date accounting records gives the business owner a live overview of their business and an indication of how it is currently performing. This is so important in today's high inflation environment. It facilitates correct and timely decision making.

We will maintain your accounting software. We can post all, or any, of your sales, purchase, bank and petty cash transactions on your behalf. We are flexible and will work with you to agree which transactions each party is responsible for. We will agree your VAT liability with you and submit your VAT return on your behalf.

Some of our clients have told us that the automated invoice reminders and integrated payment services have not only saved them valuable time but have also significantly improved the business cashflow.

Payroll, auto enrolment and CIS Contractor Returns

Everyone hates payroll! Except us!

Let us take the worry and stress out of your payroll cycle. Whether this be weekly or monthly, we can provide a complete payroll, pension, and CIS service.

All we ask is that you provide us with the information we need, in the format we have requested, and let us calculate your employees pay, sick pay, maternity pay etc. We will notify you of your employees net pay, make the payroll submission to HMRC, upload the auto enrolment information to your pension provider and notify you of your PAYE payment and your pension payment due.

If you operate within the construction industry, we will prepare and file your CIS returns and prepare and forward to you your subcontractor statements. If you suffer CIS deductions, we will submit your EPS claim to HMRC.

Payroll from £25 +VAT per month

Monthly payroll and workplace pension submissions for one employee from £25 +VAT (£30 incl VAT) per month

Additional employees £5 +VAT (£6 incl VAT) each per pay run
CIS monthly returns from £50 +VAT per month

CIS monthly returns for one subcontractor from £50 +VAT (£60 incl VAT) per month

Additional subcontractors £5 +VAT (£6 incl VAT) each per month
Benefit in kind returns from £150 +VAT

Benefit in kind returns from £150 +VAT (£180 incl VAT) per return

Company formations and corporate services

Limited companies provide the flexibility to structure your earnings more tax efficiently and offer limited liability to the directors. We can form companies quickly (usually within 24 hours) and to your specification. If you already have a company or an LLP and need assistance with completing your Confirmation Statement, we can help with that too!

Business Development

Services

Business support, budgeting and forecasting

Budgets and forecasts are incredibly powerful tools that help focus where you want your business to be in the future. They provide the foundation for working out how to get there and are used to monitor progress. Such tools are used by businesses looking to grow, these tools however are underused by most small businesses. We would be more than happy to give you an overview of what we can do for you. Together we can you take your business to the next level.

Part-time Finance Director

Has your business grown to the point you need someone taking care of the finances? If employing a full-time finance director is a step too far, then let us provide you with a part-time Chartered Accountant Finance Director. Services can include...

management accounts and KPI's
budgeting and cash-flow forecasts
presentation of management accounts to the board
tax reviews
financial advice and support to the board

Financial computing and software help

Switching software, changing computers and starting to use software for the first time can be daunting. We can help guide you through available products and assist with installations and implementations. Our advise also extends to storage and backup requirements which is increasingly important to businesses in today's digital world.

Contact us for more information about Business Development