Our Services
Accountancy Services
The backbone of our practice is the preparation of financial statements.
From information provided, we give our clients a complete accounting service including:
Preparation of accounts of sole traders, partnerships and Limited Companies.
Calculation of accompanying tax computations and Returns.
Submission of clients' accounts, computations and Returns to HMRC, and advising thereon.
Preparation and submission of clients' Self Assessment Returns and advising thereon.
As an integral part of this work, we will discuss your results, identifying vital trends and advising on many areas, including enhancing gross profit margins and controlling overheads. This can also include costing information such as break-even turnover analysis, if needed.
We can provide clients with regular management information and give them help in spotting key financial ratios and predicting potential future difficulties, together with recognising any opportunities for effective tax planning.
All our accounts and Returns are submitted to Companies House and to HMRC electronically in order to minimise on error and to improve efficiency.
Taxation
For many businesses, tax is one of the most important regulatory concerns and is the driving force for proper internal controls and robust financial reporting processes.
We can assist your business with many aspects of UK tax legislation as follows and can work with you to find tax solutions that are aligned to your own business strategy:
Self Assessment
Income Tax
Capital Gains Tax
Corporation Tax
Capital Allowances
VAT
PAYE, National Insurance and RTI
CIS
Remuneration Planning
HMRC Investigations
Tax Dispute Resolution
Should your business become the subject of an HMRC enquiry, you may need help in dealing with requests for information, closure notices, assessments and so on.
Our team of highly experienced staff, with extensive knowledge in dealing with the tax authorities, will help you to resolve any dispute as quickly and efficiently as possible.
Our primary objective however is to prevent disputes with HMRC wherever possible by giving effective advice and using simple, uncomplicated tax planning measures.
Bookkeeping and VAT
Our accounting team provide transaction recording, management accounting and a financial reporting service for the whole or part of our clients' accounts function.
We offer facilities to maintain, in full, our clients' accounting records. These services, amongst others, include:
Full book-keeping and VAT service.
Cloud accounting services with QuickBooks Intuit and Xero
Electronic submission of VAT Returns to reduce the possibility of late submission or lost returns.
We have online facilities with HMRC to enable us to file Returns and action remittances very quickly.
Payroll, RTI & CIS
Our payroll team provides clients with a fully comprehensive payroll service, tailor-made to meet individual client requirements. Using specialist payroll software, we deliver a high quality service, consistently and on time, whilst being sensitive to the confidential nature of the information being processed.
Confidentiality, accuracy and meeting deadlines are prerequisites of our payroll service.
Our service includes:
Weekly and monthly processing of wages and salaries.
Standard reports as required.
Printed payslips in both open or security form.
Submission of monthly RTI Returns.
Completion of year end forms P35 and P60.
Completion of P45 forms.
SSP and SMP calculations.
Administration of BACS payments to both your staff and tax authorities.
Preparation and submission of monthly CIS Returns.
Pension and court order deductions.
Help with PAYE/NIC inspections.
We have online facilities with HMRC to enable us to file Returns and action remittances very quickly.
Workplace Pensions
Every employer with at least one member of staff is required by law to provide a workplace pension, if their employees meet qualifying criteria.
We can offer to existing clients, to clarify your staging date and legal responsibilities, and can assist with communications to ensure you are completely compliant and ready in time for your staging date.
Business Planning
The diversity and number of clients that we act for is such that we are able to offer help on a huge variety of business matters, extending well beyond normal accounting and taxation work.
Some of the most important decisions taken by businessmen often relate to the selling of their business, buying a business or raising finance for an existing business.
As your business grows, you will face an expanding range of issues on which we can advise, including:
Profit forecasting
Cash flow planning
Taxation
Exit planning
Retirement and succession planning
We also advise on business start-ups and can help in many ways, including the following:
Advice on the most suitable structure for your business, be it as a sole trader, a partnership or a Limited Company.
Preparing a business plan to prove the financial validity of a proposed venture.
Carrying out formal procedures with Companies House and also with HMRC in the form of VAT and PAYE registration.
Company Secretarial
We undertake statutory company secretarial work for most of our corporate clients. Our staff can maintain all your statutory books and records.
All routine work can be carried out including:
Changes to directors' and shareholders' details.
Changes to Registered Office address.
Allotments of further shares.
Company formation and dissolution.
Completion and submission of the company's Annual Confirmation Statement.
We have online facilities with Companies House to enable us to file documents and obtain searches very quickly.
Part of our service is to offer our clients the regular monitoring of deadlines for the submission of documentation.