Bookkeeping & Accountancy
We are here to relieve you and your staff from the troubles and burdens of in-house bookkeeping and accounting, including your annual accounts. We work very closely with you in order to gain a full understanding of your business and how you run it. We have the capacity and flexibility to then tailor our approach to your needs in order to deliver the most appropriate service we can for you.
One of the most important aspects of this service is the preparation of management accounts. We see these as vital and integral to the continuity and success of your business. Again, we discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
New Business Start-Up
Don't risk getting caught out by any unexpected problems. Come and speak to us from the start or before you start for that matter!
Be prepared! Coming to see us to present your business proposals means we can evaluate them in a constructive and realistic manner and look at the best way of doing things.
The essentials of starting a new business are always based on a realistic business plan and adequate finance.
Most new business owners when starting-up will no doubt start with a foundation of a solid business proposition and plenty of entrepreneurial spirit.
We help look after the legal and financial aspects of running a business or company formations, giving you the time to spend on your own business and ideas.
We can provide extensive direction and advice on starting up a business to ensure that the process runs as smoothly as possible and hassle free for you.
Whatever the size of business you are considering starting up we can provide vital advice on:
- The form the business should take, sole trader, partnership, LLP, limited company
- Company formation procedures
- Preparation of projections, cash flow and business plan
- Bookkeeping tuition and implementing management procedures and systems
- Tax planning
The company secretarial function for any business is often seen as an onerous task normally overseen by a family member or senior employee as Company Secretary, if you have one.
This can be met with issues as the designated Company Secretary may not have a full understanding of the duties they are required to undertake.
With our in-house expertise, we can ensure that statuary deadlines are met; we will handle all your statutory obligations including the filing of accounts, annual returns as well as changes of directors and secretaries.
As part of the service, we manage all the paperwork required for the payment of dividends and dealing with share transfers.
Our full company secretarial services include:
- Company formations
- Preparation and electronic filing of statutory returns
- Preparation of all documentation related to minutes and resolutions
- Maintenance and storage of statutory books
Corporate Tax & Planning
Corporation tax is a major part of your trading costs and is easily forgotten.
It is the increased reporting obligations, thorough investigation policies imposed by the tax authorities and tough penalties for non-compliance that means that a lot of time and resource is taken up collecting revenue for the Government.
We can assist you and your business by completing and filing business tax returns as well as preparing and submitting end-of-year payroll Tax Returns.
By using us for your corporate tax and planning, means we can act as intermediaries for any disputes with the tax authorities.
As part of this service, we can help you with determining the most tax effective structure for your business by taking full advantage of tax opportunities and reliefs.
It is our job to make sure that you achieve the best capital or revenue tax treatment as well as reducing your tax on disposals and maximising relief on acquisitions.
There are also many tax opportunities specific to certain industries and our in-house expertise to help you tackle these.
Value added tax is not an easy subject to talk about. Our aim is to make it as simple as possible for you to handle and understand.
It is seen as one of the most complex tax areas to be imposed on businesses.
The VAT “goalposts” are constantly being moved as well as the ever changing stream of regulatory details.
HMRC is constantly demanding more and more from businesses which add more stress on top of what you already have to manage.
It is our expertise and expertly trained eyes that help you make sure you do not miss anything and do not fall foul of the regulations. We make sure you do not pay the chancellor any more than you need to.
Our efficient and cost-effective VAT service includes:
- Assistance with VAT registration
- Advice on VAT planning and administration
- VAT control and reconciliation
- Help with completing VAT returns
- Processes put in place to avoid future issues with HMRC
- Representing you at VAT tribunals
The task of payroll processing can often divert you from your core business activity. It is our job to help and take the worry and time out of this process for you.
By allowing us to look after your payroll activity, we will free up more time for your staff to attend to other business areas, therefore creating more opportunities and raising efficiency in the business.
Our payroll services are thorough and, of course, compliant with HM Revenue & Customs statutory requirements.
We can deal with every aspect of UK wages and salary requirements including:
- Setting up a new payroll system
- Day to day payroll processing
- RTI (Real Time Information) Submissions
- Dealing with PAYE and National Insurance deductions
- Completing your end of year returns
- Holiday pay
- Statutory pay
- Stakeholder pensions
Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the Self Assessment regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
The constant flow of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment tax return for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with the HM Revenue and Customs on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.