Areas of Practice
ACcounts
Preparing formal accounts for the HM Revenue & Customs and Companies House is considered by many to be burdensome, but we are as constructive and helpful as possible.
It’s important to obtain accurate figures as early as possible after the business year end. We will discuss the accounts with you, explaining the significance of the figures and trends. In many instances we will be able to advise on how to improve profitability, either by enhancing gross profit or controlling overheads.
limited companies
We consider a close working relationship with the directors of our owner manager companies is essential and key for us to be able to help them.
What we can offer:
Tax planning advice to ensure all reliefs and allowances are utilised taking into account all taxes not just corporation tax
Company formations.
Company secretarial service.
Preparation of full and abbreviated statutory accounts.
Make all submissions to HMRC and Companies House.
Advise clients of Corporation tax payable and dates due.
Give assistance in achieving time to pay arrangements with HMRC.
Provide VAT and payroll compliance.
Provide monthly or quarterly bookkeeping assistance.
Prepare management accounts.
Prepare forecasts and budgets.
TAX PLANNING
The UK’s tax regime is extremely complex which gives considerable opportunity for efficient tax planning – in many ways there are far greater opportunities than would arise with a simpler taxation system.
We can almost always devise efficiencies that create very substantial tax savings. Have you ever calculated how much a year you and your business pay in Corporation Tax, VAT, PAYE, National Insurance and on individuals’ personal income tax? It is likely to be a very substantial sum. Our approach is to look at a client’s overall tax position and advise where tax savings can be achieved.
These might include forming limited companies, using reliefs available such as Gift Aid and Enterprise Investment Schemes, pension contributions and employee benefit schemes.
Inheritance Tax planning is often an area that is widely ignored. However, we have a specialist who can advise on all inheritance tax and trust matters.
There are very few people who do not want to reduce their overall tax burden and with our help we can discuss the opportunities available to you.
Do you need a review of your finances?
Bookkeeping
Drowning in paperwork? We can help provide a comprehensive accounting solution by undertaking the bookkeeping of your business or help you with training and advise on how your systems could be improved.
Its up to you how much we get involved but our main priority is to enable you to run your business and if writing up the books is draining your time from being effective in your business engage us to assist you, we are here to help
VAT and MTD compliance
We can help you with:-
Quarterly VAT returns and Making Tax Digital compliance work
VAT registration and administration
EC sales lists
Identify the correct VAT scheme for your business
PAYROLL
We can offer a comprehensive payroll bureau services to clients for monthly paid staff.
What we can offer:
General PAYE and National Insurance Contributions services to include benefits in kind cost implications and effective structuring.
Operate the payroll for the business, including year end compliance.
Tax and National Insurance Contributions advice on redundancy.
Pension set up, maintenance and monthly submissions.
Assistance with form P11D dispensation.
Completion of form P11D and P11D(b).
DIGITAL document signing
We can offer a choice of ways for you to receive documentation from us and ways to securely submit your records and other private information.
What we can offer:
Digitally signing documents such as your yearend accounts and personal tax returns, always have a perfect copy of the most important information.
Password protected PDF’s if you would prefer instead of having your own portal, we take GDPR compliance seriously and try to protect your sensitive information to the best of our abilities.
CLient Portal
Client Portal hosted by MyDocSafe to send and receive documents securely.
TAX RETURNS
With increasing complexity of personal tax returns as a result of constant changes in the UK tax system we provide a comprehensive personal tax return service.
What we can offer:
Prepare all types of UK self-assessment tax returns – from basic tax repayment claims to complex personal tax returns.
Guide you through the complicated rules and legislation that makes up the self-assessment regime. This includes liaising with HMRC regarding your tax affairs.
Prepare self-employment and rental accounts to calculate the tax related profit/loss position.
Calculate your tax liability (or refund) and notify you of when any payments are due.
Review your personal and financial affairs to identify the impact of income, inheritance and capital gains taxes and establish areas which may benefit from tax planning opportunities.
Offer advice on how to maximise your tax reliefs and allowances in the most tax efficient manner.
FEE Protection Insurance
For a small yearly fee you can protect your business from the unanticipated and extensive costs of HMRC investigations.
£100,000 indemnity with no excess for:
Any compliance check, visit (regardless of whether a dispute has yet arisen) or investigation started by HMRC regarding compliance with:
Corporation Tax Self-Assessment
Income Tax Self-Assessment
PAYE
P11D
National Insurance
Construction Industry Scheme
IR35
VAT
National Minimum Wage
Gift Aid legislation and regulations
Also includes
VAT visits
Employer Compliance visits
Check of employer records
Interventions
Requests for information
Capital Gains Tax
Any HMRC use of pre-dispute information and inspection powers under schedule 36
ONLINE ACCOUNTING SOFTWARE
We are able to assist you with setting up, learning and using all online accounting software including Xero, Quickbooks Online, Sage One etc.
As certified partners we are also able to provide you with access to discounted rates if you subscribe through us.
