Accountancy
We prepare accounts for a diverse range of sole traders, partnerships, limited companies and charities.
We have extensive experience covering a wide range of businesses from business start ups to established companies with turnover in the millions.
We ensure that accounts are prepared in accordance with relevant regulatory and disclosure requirements as well as being useful and understandable to our clients.
We offer a timely, efficient and cost-effective service and wherever possible will offer suggestions to improve the standard of record keeping to ensure that accountancy fees can be kept to the lowest possible level.
Taxation
Personal & Partnership Tax:
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Corporation Tax:
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners.
We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. Using our fully compliant software, we will complete your company’s Tax Return and calculate your company’s tax liability.
We also provide advice and carry out compliance work on Capital Gains Tax, Inheritance Tax and Trusts and Estates.
As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.
We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
Bookkeeping
We can help you with all your general bookkeeping requirements. You may require help to maintain your accounting records or need us to add the finishing touches to information on bookkeeping systems in order to create your own management information. If you do not employ a bookkeeper then we can take up the role or help you recruit the right person for your business. We use a number of difference software providers including Quickbooks, Xero, Freeagent and Sage to name a few.
VAT
We can assist in setting up your VAT registration with HMRC including helping to establish which VAT scheme suits your business best, we can also advise on how to setup your bookkeeping software to be compliant with the making tax digital requirements.
As part of our bookkeeping service, if required we can assist in preparation of your VAT Return or just help to review your Return prior to filing.
We can advise on any VAT queries you may have to assist you in being a compliant business.
Payroll & CIS Tax
Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. We can run weekly or monthly payroll as part of our services (please note we do not offer a payroll only service).
Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions.
Our service includes complying with the online filing obligations for Real Time Information (R.T.I.) and Auto-enrolment.
In respect of CIS we can assist in the setup of the CIS Scheme, verify subcontractors, help prepare and submit the monthly CIS declarations and where required prepare CIS vouchers on your behalf.
New Business Startups and Company Formations
Starting up in business can be a daunting experience you have a good business proposition and the enterprise and commitment to see it through. However, you may not be experts in the legal and financial aspects of running a business. We can help. Just get in touch to arrange a free initial appointment, bring us your business ideas and we will help you to make them a reality.
We will help you to:
- decide on the most suitable structure for your business – sole trader, partnership or limited company.
- if required, complete any registration procedures with Companies House and HMRC.
- set up a recording system for your internal use and for complying with statutory requirements.
- advise on accountancy software options and help with the setup, and if required we can also provide training on the software.
- keep on top of bookkeeping, VAT, payroll and other accounting requirements.
- help to prepare a business plan and cashflow projections.
Limited Company Setup:
We can arrange for your limited company to be set up, fully registered with Companies House, typically between 24 to 48 hours.
We will complete all necessary registration documents to be filed with Companies House to ensure your company is set up, as you want it. We can discuss with you what is required to set up your company and take all the stress away from dealing with Companies House and HMRC.
We will ensure that your company is set up with HMRC for the correct taxes, such as VAT and PAYE.
We also offer the service as being your company’s Registered Office so that all statutory matters can be dealt with swiftly.
Cloud Based Accountancy Software
We have experience of a range of cloud based accountancy software packages and can work with you to find the most suitable solution for you. The benefits of cloud software is that we can access your records in a timely manner and assist you in any queries you may have as we can quickly identify any issues.
We work with Quickbooks, Sage, Xero, Freeagent and others.
Management Accounts, Cashflows & Business Plans
We can prepare periodic management accounts and cashflow forecasts to help you in understanding the financial performance of your business throughout the year. These can be a useful tool in assessing actual performance against budgets, as well as using to help plan for future growth and plan for liabilities. Using cashflow forecasts to manage you liquid resources and help to plan for and issues and help you to ensure issues are foreseen and planned for to help eliminate unforeseen issues.
We also have experience in assisting with business plans, banks and lenders often require detailed business plans and with our experience we can help you to put these together to help your business grow and prosper.
Tax Planning & Consultancy Services
With a wealth of experience as tax advisers, we will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
We can also provide consultancy services for your business to advise on a wide range of taxation and accountancy matters. Please contact us with your specific requirements to see how we can help.