The year-end accounts provide invaluable information about your business, to assist you with business decision making and raising finance where necessary. We work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can advise you on how to strengthen your record keeping procedures which in turn will help you run your business more effectively. Your accounts will be prepared in accordance with accounting standards and we will check that you are claiming everything you are entitled to. We can also prepare monthly or quarterly management accounts to ensure that you always have reliable and accurate information.
Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. With the implementation of Real Time Information, HMRC require information on or before the date of payment to the employee. We use HMRC approved software and provide payslips and reports so that you know exactly how much to pay. We also file all your in-year returns on-line to HMRC and provide you with P60’s to hand to your employees at the year-end. Outsourcing this onerous task will help to relieve the pressure and ensure total compliance.
Self-Assessment Tax returns
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self-Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration
- advice on VAT planning and administration
- use of the most appropriate scheme
- VAT control and reconciliation
- help with completing VAT returns
- planning to minimise future problems with HMRC
- negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.
Corporation Tax returns
Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can calculate your company's tax liability and prepare tax returns in a timely and efficient manner.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
All private limited companies and limited liability partnerships (LLP) registered in the United Kingdom must file accounts and a confirmation statement to Companies House annually. It is the responsibility of company directors and designated members of an LLP to ensure that information held at Companies House is current and that accounts and returns are filed to Companies House in the correct format, by the due date. There are penalties for late filing and non-compliance, and we can help by dealing with Companies House on your behalf. We will file your accounts on-line to Companies House once approved and assist with the filing of your annual confirmation statement.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01202 611062. Or if you would prefer, ask us a question online.