Business Accountancy and Tax

Accountancy

We can offer an accounts preparation service for all businesses whether sole traders, partnerships or Limited Companies. We will ensure that for Limited Companies, the required disclosures for Companies House are incorporated into the format and will make you aware at every stage of the time limits for submission to the relevant authorities.

We can prepare accounts from any standard accounting package or, if you have not kept your own cash book, we can work from bank statements and invoices.

Taxation

We can prepare both self assessment returns for sole traders and partnerships together with corporation tax returns, forms CT600, for Limited Companies. Self assessment returns are filed online and we hope soon to be able to have the facility to file corporation tax returns online.

We can also advise on any tax issues arising which affect your business such as capital gains tax, inheritance tax, PAYE and National Insurance, VAT, as well as income tax and corporation tax. We always ask our clients to approach us before undertaking a major transaction as substantial tax can be saved simply by ensuring that the deal is correctly structured. This is where your accountant can really add value to your business.

Bookkeeping

Our bookkeeping service consists of the recording of payments and receipts, in order to prepare VAT returns, monthly/quarterly management accounts and ultimately annual accounts, on a historic basis. This can be done in one of two ways, either by providing records to us for the work to be undertaken in our office, or we have bookkeepers that we can recommend who can come to your premises to undertake the work ‘in house’.

Payroll

We can offer a full payroll service to include preparation of weekly/monthly payslips for all employees based on either a gross salary or a net weekly pay, calculation of monthly/quarterly PAYE payments and monitoring the payment of these, preparation of end of year returns to include P11D preparation.

All end of year returns for payroll are submitted online which ensures safe and quick submission and secures any Inland Revenue online filing incentives which may be available to you.

VAT

We can prepare VAT returns on a monthly or quarterly basis from the information provided by you. We can also advise on general aspects of VAT and have links with VAT specialists who can provide more in depth VAT advice on particular transactions.

We do not currently file VAT returns online, but hope to be able to offer this service in the near future.

Company Secretarial

We offer a wide range of Company Secretarial services for Limited Companies from completing the annual return for Companies House and filing this online, completing and submitting any necessary forms in relation to changes to Directors, Secretaries or Registered Office, completion and submission of any minutes and resolutions, and compliance with various deadlines through to actually providing you with a Company Secretary and a Registered Office.

National Insurance/Remuneration Planning

We will discuss with you the most tax efficient way of extracting money from a Limited Company such as salary, dividends, expense claims, or Directors current accounts.

Business Reorganisations

If you are a sole trader thinking of taking in a new partner or a partnership thinking of incorporating, talk to us as we can take you through the various accounting and taxation issues associated with restructuring your business. We can also advise on the non-tax aspects to ensure that commerciality is not forgotten in the wake of tax savings.

Exit and Succession Planning

When you have worked hard to make your business a success, the next stage is to ensure that after you retire, it is in safe hands and the transition is as smooth as possible whilst retaining an income for yourself. We can help you plan for this and advise on what actions to take.