Accountancy Services

Preparation of Accounts

 

We offer preparation and submission (if applicable) of accounts for the following business types:

  • Limited companies

  • Limited liability partnerships

  • Charities

  • Partnerships

  • Sole traders

  • Management accounts

  • Rental property businesses

Tax Returns: Corporation Tax and Self Assessment

 

We can assist with the preparation and submission of your tax returns.

We can help you ensure that you meet your tax return deadlines and avoid submitting an incorrect return to
HM Revenue & Customs.

Services that we provide include the following:

  • Corporation tax returns for limited companies

  • Partnership tax returns for LLPs and partnerships

  • Self-assessment tax returns for individuals

  • Reporting any capital gains to HM Revenue & Customs

  • Informing you on how much tax to pay and when

  • Liaising with HM Revenue & Customs on your behalf to deal with you/your businesses tax affairs so you don’t have to

  • Looking at ways to potentially mitigate your personal tax liability

  • Reporting undeclared income from previous years via a tax disclosure to HM Revenue & Customs

 

Starting Your Own Company

 

Thinking of starting your own business but have no idea where to start, look no further!

We have extensive experience in ensuring that you tick all the relevant boxes of legal compliance when starting your own business. Along with a strong contact base of Solicitors, Financial Advisors and Human Resources specialists to help you along the way.

 

A summary of potential services are as follows:

  • Structure of the business, whether you should trade as a limited company, sole trader, LLP or partnership;

  • Ensuring registration of all applicable taxes and returns;

  • Which costs/expenses you can claim for tax purposes;

  • Knowing which records you are required to keep or provide to customers;

  • How to efficiently remunerate yourself from all your hard work;

  • How to plan for upcoming tax liabilities effectively;

  • Helping you to meet other legal obligations you may have in your sector;

  • Assistance with budgets, cash flows and financial modelling; and

  • Advice on areas to help grow and effectively promote your business.

Tax Planning

 

Let’s face it the general population do not like paying tax.

We can conduct a review of your personal and business tax affairs or in specialist areas and can recommended a suitably qualified professional on how to effectively structure your affairs to minimise tax liabilities in the following areas:

  • Income tax;

  • Corporation tax;

  • Capital gains tax; and

  • Inheritance tax. We also have contacts if you wish to make tax efficient investments through VCT’s, EIS and SEIS.

Bookkeeping and Online Accounting

 

Good record keeping is fundamental to all good businesses.

Business owners have a legal obligation to keep appropriate accounting records.

Having good record keeping allows you to see how your business is performing, and can allow you to effectively manage cash flow and make informed business decisions.

Online accounting is becoming more and more popular. Online software packages have the ability to help save time along with ensuring compliance with Making Tax Digital and providing the ability to have up to date financial management information.

We are a Xero partner firm and have experience in using Xero to the best of its capabilities. We also have experience in Sage, Quickbooks and Free Agent.

We have a number of contacts who can assist with undertaking the company’s bookkeeping on your behalf. Alternatively, we can provide training or conduct reviews to ensure you are maintaining the bookkeeping effectively.

Payroll

 

Over recent years managing payroll has become more complex with the introduction of Real Time Information and Auto Enrolment pensions legislation.

We offer a monthly payroll service for businesses from 1 to 20 employees or can provide a recommendation if you require weekly payroll or have high employee numbers.

Our services include the following:

  • Set up of payroll (PAYE) schemes;

  • Issuing you with payslips for employees and analysis reports of staff costs;

  • Submission of Real Time Information reports to HM Revenue & Customs;

  • Informing you on how much and when PAYE, NIC and student loan deductions are due to HM Revenue & Customs; and

  • Set up and administration of Auto Enrolment compliant pension schemes.