Accounts
The services we offer include:-Accounts Preparation and Tax Returns VAT ReturnsPayroll Tax Advice & Tax Planning HMRC Tax Enquiries Tax Consultancy New business start up adviceAccounts Preparation and Tax Returns for Sole Traders, Partnerships, Trusts and Limited CompaniesWe are happy to accept your records in whatever format you use, and we will then prepare your annual accounts, and your tax returns. We are registered with HM Revenue & Customs (HMRC) to electronically file all tax returns. In the case of Limited Companies, we will also file a copy of the statutory accounts with Companies House.VAT Returns We can write up your records, or use the records you have already prepared to complete your VAT Returns. We can also advise on various VAT schemes, and which may be best for you. It is often possible to reduce the VAT burden with a careful review of your overall VAT position.PayrollWe can run the whole of your payroll on your behalf. You just need to give us the information, and we will process it and put it into the format required by HMRC. We will also prepare pay slips and will advise you what and when to pay HMRC. We also deal with all year end returns.Tax Advice & Tax PlanningThere are a number of ways to legitimately reduce the tax burden. By taking advice before entering into any transactions, it is often possible to substantially reduce your tax bill. Needless to say, we will only advise on legitimate ways of reducing tax liabilities.Tax planning is relevant to all taxes: Inheritance Tax to minimize the amount payable to HMRC and maximise the amounts available for your family Capital Gains Tax to ensure you plan matters to take advantage of possible ways to reduce your tax bill. For example, It is always better to plan for ways to reduce CGT on a future property disposal at the time of purchase rather than the time of sale. Income Tax to ensure you have the best business structures and remuneration packages in place. There are a number of ways to legitimately reduce income tax and we can advise on how best to achieve this. VAT planning can sometimes save many thousands of pounds, by making sure that a transaction is structured correctly. Are you using the most tax efficient VAT scheme? Establish the difference between turnover, cash flow and profit. Failing to manage all three is the biggest challenge facing a new business.What is the best trading format, a company or a sole trader or partnership?Notify all of the relevant tax authoritiesDo you need to be VAT Registered, if so how can you reduce your overall VAT costs?Do you have any workers. If so are they employed or self employed? (This is not your decision, but must be based on legislation)What Insurances do you need?Do you need to be registered with any statutory bodies; eg Data Protection, Money Laundering etcWhat is the best way to maintain your accounting recordsHave you got appropriate bank accounts, credit cards etc set up?We can help you through most of the stages of setting up your new business