Our Accountancy Services
Looking forward to meeting with you and discussing your requirements
Startups
Starting up in business is usually a difficult time… but it doesn’t have to be
With business startups, we will help you with deciding on the structure of your business, whether it be as a Sole Trader, a Partnership or a Limited Company. We can form Limited Companies for you, assist with setting up PAYE & VAT, register you for income tax and national insurance, and notify the statutory departments of your new venture.
We can guide you through the maze of government regulations for business startups, from the construction industry scheme to the complex VAT flat rate schemes to decide which apply to you and which would benefit you.
- Help with structure of business
- Filing Online
- Self Assessment Returns
- National Insurance, PAYE & VAT
- Formation of Limited Companies
Accounts
We provide all the accountancy services and accounting advice you will need for yourself & your business
Businesses need to produce accounts annually, but from 2024 accounts must be filed quarterly online to HM Revenue & Customs. This is called Making Tax Digital (MTD). This can be useful both to check on progress and for banks and tax authorities. The compilation, construction and assembly of a set of accounts should not be left to the unqualified. Cheapness is no substitute for professionalism.
We can work at all levels for you with our accountancy services, from accepting a bundle of invoices every month to receiving your balanced Day Books and Bank Reconciliation for finalising. The Book Keeping part of your accounting responsibilities does not have to be a chore. To comply with MTD you will need a computer package, if you don't have one we can supply you with one at less than market rates or we can do the work for you. We can also accept data from some computer packages.
We can produce Management Accounts and Cash Flow Forecasts as required by Banks for Business Plans, Courts and for Contracts.
- Annual Accounts
- Statutory Accounts
- Management Accounts
- Projections
- Reports
Taxation
Taxation keeps growing in complexity
Let us help with your taxation issues. We can assist you with your Income Tax, Corporation Tax, Capital Gains Tax, VAT, (including the Flat Rate Scheme) and National Insurance to name a few of the problems you may come across. Getting your tax wrong can be very expensive (and it is your sole responsibility) so let us help you get it right.
Getting advice from a qualified Accountant or Tax Advisor is very important. We can assist you with any pre-tax enquiry visits, investigations or inspections of your records by HMRC.
- Income Tax
- Corporation Tax
- VAT
- Capital Gains Tax
- Insurance Planning for Inheritance tax etc. (through your broker or IFA)
- Enquiries - Employment Contracts
Payroll
Employment Law is an ever changing subject - Payroll Services
We can guide you through the maze of government regulations to decide which apply to you and which would benefit you. If you have employees you need a payroll system to deal with your legal responsibilities and calculate the deductions from your employees pay, you will also need to consider Pensions Enrollment. Our Payroll Services provide all this.
Employment Law is very complex and you need to ensure you comply with all the regulations regarding your Employees rights in Law. We can advise you on some of the regulations. Contracts of Employment need to be drawn up by a Solicitor or Employment Law Professional. Employment disputes or matters such as redundancy can be dealt with by ACAS.
We have a Payroll system available to you should you wish to use it, or we can help you set up your own system. We can also assist if you are the subject of an HMRC payroll enquiry and we can do a pre-
Employers will now have to be Pensions compliant as soon as an employee is taken on. There will be no staging dates issued. The Pensions Regulator will assist you to be compliant & you can find them at www.thepensionsregulator.gov.uk. They are very friendly and approachable.
Minimum and Living Wage rates are compulsory not optional, you must not pay your employees below those rates. Current rates can be found at hmrc.gov.uk or you can telephone us.
- Registration
- Record Keeping
- Real Time Information
- PAYE Enquiries
VAT
If your turnover goes over £85,000, you must register for VAT
It may be beneficial for you to register earlier... but talk to us first about this.
There are various VAT schemes that are available to you and some that it may be beneficial to choose. These include the Flat Rate scheme, Cash Accounting and Annual Accounting.
Secondhand Goods, Opticians, Motor Dealers and Farmers have specialised Schemes.
We can help with enquires when HM Revenue & Customs check your records, and can offer a pre VAT enquiry visit to check your records for problem areas.
We can help you prepare your VAT records and online submissions to HMRC, or we can do it for you.
- Registration
- Preparation of Records
- Completion & Submission of Forms
- Enquiries
- Deregistration
Consultancy
We have the experience to help you
With our business consultancy experience & skills we have the experience to help you prepare Cash Flow Forecasts, Management Accounts and Budgets which are frequently asked for by Banks and other lending institutions.
We have experience in many business areas including engineering, the clothing industry, hotels, pubs, and the Construction Industry.
We can report on your business to assist in raising funds and assist with your forward planning, business development, and retirement planning.
We are also able to help with business rescues (but not insolvency).
- Business Plans
- Cash Flow & Funds Projections
- Business Rescue (but NOT insolvency)
- Projects, Reports
- Assistance with Fund Raising
- Forward Planning
- Retirement Planning