Sigma Accounting:
Sigma Accounting specialises in providing accountancy and business advisory services to owner managed businesses based on the Isle of Man.
For an informal discussion about how we can help you with the accountancy requirements of your business please contact us.
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SIGMA accounting
Sigma Accounting is registered in the Isle of Man (number 023280B)
and is a member of the ICAEW Practice Assurance Scheme.
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Keeping records:
Keeping a record of all of the transactions that occur in your business is essential for you to comply with your obligations as a business owner under the Companies Acts and Income tax Act. It needn't be difficult to keep basic records and you will benefit if you appoint an accountant that is happy to give you advice throughout the year and help you with any basic errors at the year end.
The UK Government’s Business Link website has a good guide to setting up a basic record keeping system here.
The Isle of Man Treasury also have advice for sole traders here.
| Start up advice |
| Bookkeeping |
| Accounting |
| VAT |
| Tax |
| Starting your business |
| Running your business |
| As your business grows |
| Sole trader or Limited company |
| Choosing and registering your business name |
| Business banking |
| Deciding on VAT registration |
| How an accountant can help your business |
| Choosing an accountant |
| Keeping records |
| Employing staff |
| VAT schemes |
| Filing statutory documents |
| Paying tax |
| Changing your accountant |
| Cash accounting scheme |
| Annual accounting scheme |
| Flat rate scheme |
| Management accounts |
| Budgets and forecasts |
| Investment appraisal |