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We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
We can produce the accounts in excel format or using the sage accouting package. We can intergrate our payroll and VAT services into the book keeping services to save you time and money.
We can help with the selection of an accounting software package and provide training and support on that and on general book keeping, VAT and payroll.
Besides dealing with the above on a regular basis, we can also take on short-term projects to relieve your staff of any temporary overload
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Value Added Tax is one of the most complex and onerous tax regimes imposed on business. The meains that many businesses inadvertently overpay or underpay VAT.
Selecting the best method of VAT can provide substantial savings to businesses. For example, a business can with a turnover of say, £100,000 a year can save on average £3,000 a year by using the Flat Rate Scheme.
We provide an efficient cost effective VAT service, which includes:
We also provice a VAT healthcheck so please do not hesitate to contact us
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Every business has a statutory obligation to produce accounts annually for the relevant authorities like HM Revenue & Customs and Companies House. .
One of the key objectives in accounts preparation is to identify areas where we can assist in minimising your tax liability. Another key objective is to ensure that the accounts are compliant with all the statutory regulations.
In addition we like to gain a full understanding of your business so that we are able to give advice and recommendations tailored exactly to your requirements. We believe that accounts preparation in itself gives a massive insight to your business and gives the bigger picture, to help owners with both the short-term objectives and long term goals.
We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.
So please do not hesitate to contact us if you have any queries.
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Management accounts can be provided on a monthly, quarterly or half yearly basis. By reducing the work needed on the preparation of the annual accounts, the costs of these useful interim accounts can be offset against the annual accounts fee.
We provide full accounts, together with graphs so you can see easily how your business or organisation is going.
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Self Assessment can be a complex administrative burden for many companies. To avoid penalties, it's important that...
- Returns are correctly completed.
- They are filed on time.
- All backup records are retained for the appropriate period of time.
The enquiry powers and penalty regimes of HMRC are increasing all the time and expert advice and assistance is now crucial.
As well as completing your tax return, we can provide you with advice on your tax position.We will complete all necessary tax computations, the tax return, calculate your tax liability (or refund!) and advise you on when and how much tax you need to pay.
We will correspond on your behalf with the revenue taking the worry away from you, so please do not hesitate to contact us
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Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business.
Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts who appreciate that with new start-ups there is a lot of “hand-holding” required.
That's where we fit in. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. We can also:
- Help you to decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or one or more limited companies.
- Review your business plan or help you prepare a business plan.
- Form a limited company if that was the required route.
- Deal with registration procedures with Companies House and HMRC.
- Discuss the bookkeeping requirements with the objective of you having the relevant information to run your business and make the correct decisions.
- Provide bookkeeping training help and support.
Finally, professional fees are a very important consideration for any business. In most cases, we are able to offer our services on a fixed fee basis via a monthly standing order so that clients can have certainty over the charging structure
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Company Formation and Secretarial Services
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Whether you want an off the shelf company, a tailor made company, or a Limited Liability Partnership we can help form the company for you and take care of all the paperwork needed, so please contact us
But that's only the start. We can then offer any of the following company secretarial services...
- Registered office facilities
- Maintenance of statutory registers
- Submission of statutory documents
- Giving notice of General Meetings
- Drafting agendas for company meetings
- Preparing Minutes of Meetings
- Completion of share transfer forms
- Preparation of share certificates
- Carrying out company searches
- Filing of Annual Return
- Acting as Company Secretary
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Dealing with the Inland Revenue
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In any business you come into contact with the HM Customs and Revenue, whether that is completing VAT Returns, payroll forms, to Inland Revenue queries and Investigations on VAT, payroll, annual accounts or tax returns.
We can help you with all this so dont hesitate to contact us.
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Taxation advice, other advice
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We will help you to plan your tax affairs to minimise tax liabilities in a manner to suit your individual and business requirements.
We advise on:
- Income tax
- Corporation tax
- Capital gains tax
- Inheritance tax
- VAT
- Payroll
We can also put you into contact with specilaised advisors whose services include advice on tax mitigation strategies, trust structures, wills, investments and wealth management. Services to business owners include business assessments, exit planning and business development
So please do not hesitate to contact us
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Cash Flow Forecasts and Financial Planning
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There are times when your business may wish some assistance in producing cash flows or some financial planning for the future. Research suggests that those businesses with a written business plan are far more likely to succeed. We can assist with all aspects of the business plan from the written element to budgets, cash flow and profit forecasts.
For more help on this please do not hesitate to contact us
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We use CREDITFOCUS is a unique web-based service specifically designed to protect businesses from the risks and pain of late payment and bad debts
Credit check your customers:
- Determine the risks of extending credit to new and existing customers
- Establish the likelihood of your customers going out of business
- Understand who your most financially stable customers are
A quarter of businesses checked by our users turn out to be high risk
Our credit information is provided by Experian, the UK's leading credit reference agency.
The data in CREDITFOCUS covers incorporated companies as well as sole traders and partnerships and presents a wide range of important information such as registered and trading details, how late they pay other suppliers and recommended credit limits.
Credit checks are charged at £1.00 per busines, so please do not hesitate to contact us
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The key areas where we can assist with payroll is:-
- Operating weekly and monthly payrolls with the provision of full documentation including payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, and all statutory payments
- Completion of statutory forms online, including forms P45, year-end returns, to issue to your employees and also to submit electronically to HMRC electronically
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
Even if you have only a few employees, there are savings by engaging us to administer your payroll.
We also provice a Paye & Nic healthcheck, so please do not hesitate to contact us
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