Quality Accounting Services
You Focus on your Business and let us Focus on your Finances
Personal Tax Returns
Anyone running their own business, or working as a contractor, is going to have to file a self-assessment tax return with HMRC each year. If you are running a business alongside a full-time job, or have multiple sources of income this can be a confusing process. We can help support you by completing your annual accounts and help you to calculate your tax returns, ensuring that you have claimed all of the relevant personal allowances. Following discussions we can submit your accounts to HMRC and deal with any necessary correspondence.
Bookkeeping
Maintaining your accounting records can be very time consuming. Correctly maintained records provide business control and make the preparation of annual accounts easier. We can take away the hassle of routine bookkeeping so you can spend your valuable time concentrating on running your business. Our comprehensive bookkeeping service ensures that your records are ready for the year end accounts.
Annual Accounts
Your accounts are a valuable source of financial information to help you understand and run your business by supporting decision making and forward planning. In order to meet your regulatory and compliance requirements we will prepare your annual accounts from your detailed accounting records, whether you are a sole trader, partnership or limited company. Once prepared, we will discuss and review the draft accounts with you before making any relevant submissions e.g. Companies House Confirmation Statement and Accounts returns.
Tax Returns
All businesses must complete annual tax returns. A key priority for any business is to stay compliant with HM Revenue & Customs requirements. Our service includes the preparation of your tax return, a tax calculation and telling you what tax is due and when. The burden of tax compliance ultimately lies with you. Mistakes can carry heavy penalties and incur interest. A resulting enquiry or investigation can be a costly distraction from the focus of running your business.
VAT Returns
VAT is the most complex and misunderstood of all the taxes. Penalties for incorrect completion of VAT returns can be significant. Returns must be filed online and on time. If you are registered for VAT we can prepare or check your VAT return and submit it to HMRC on your behalf. We provide an efficient and cost effective VAT return preparation service.This service is of great benefit to businesses that seek to limit their time spent on the administrative burden of VAT compliance.
Payroll
Outsourcing payroll can relieve the burden of having to operate a regular payroll system. We can provide a timely, accurate and flexible payroll service. Paper or electronic payslips can be forwarded to you or sent directly to your employees. Our payslips are clear and easy to understand.
Other Services
Management Accounts
Regular management accounts provide key financial information allowing you to monitor and improve your business performance and help you to make the right decisions. We take the ‘raw data’ and process it to generate management accounts in a format to meet your requirements. Your management information will be backed up by on-going support to help you interpret the data and use it to your best advantage so that you fully understand your results, your financial position and the implications and any action you may need to consider.
Business Start-Up
When people start their own business, they often have a great deal of knowledge about the business they are running, but often do not fully realise the extent of their responsibilities with regards to such things as staff, taxes, and maintaining records that need to be kept. They are often so busy running the business they do not have enough time for these time consuming jobs. The problem is that if these things are not done correctly, penalties may be charged, and investigations into the business may be instigated. We can help you decide upon the most suitable structure for your business, prepare a business plan, prepare budgets and cashflows and carry out requirements for registering self assessments at Companies House.