Our Services
Accounts Preparation
Getting your yearly accounts ready is key for businesses to follow the rules and check up on their finances.
- Limited Companies
- Sole Traders
- Partnerships
Submission to Companies House
For limited companies, we handle the submission of annual accounts to Companies House in the required format to ensure that your company remains in good standing with all regulatory bodies.Preparation of Management Accounts
In addition to annual accounts, we offer the preparation of management accounts, which can serve as a valuable tool for monitoring your business’s progress throughout the year.
Corporation Tax
Understanding Corporation Tax
Corporation tax is a tax on the profits made by companies. For limited companies, it is based on yearly profits. Knowing how it works helps keep your business compliant and financially healthy. Corporation tax applies to all profits, including:- Business income
- Investment dividends
- Gains from selling assets
Preparing and Submitting Tax Returns
We make sure your tax returns are done right and on time. While we’re working on your accounts, we use that info to fill out your tax returns and calculations, making sure to include all the possible allowances and deductions.
Tax Planning and Advice
Our tax planning services are here to help you manage your money better. They include:- Checking out your company setup for tax efficiency
- Giving advice on when to report income and expenses
- Finding tax credits and relief options
Handling Tax Questions and Issues
We take care of dealing with tax authorities, including:- Answering questions
- Managing audits
- Sorting out disputes
Self-Assessment for Sole Traders and Partnerships
Self-assessment is how sole traders and partnerships report their income and expenses to HM Revenue & Customs (HMRC) to find out how much tax they owe.
Usually, tax is taken automatically from wages, pensions, and savings, but people and businesses with other income must report it in a tax return. This system requires keeping records of income, expenses, and other financial information throughout the year.
Who Needs to File a Self-Assessment Tax Return?
You need to file a self-assessment tax return if you are:- A self-employed sole trader earning more than £1,000
- A partner in a business partnership
- Receiving rental income
- Receiving untaxed income such as tips or commission
- Having income from savings, investments, and dividends
- Claiming income tax reliefs
VAT
VAT can be one of the most complicated taxes to deal with. No matter your business size, we can help with all aspects of VAT management. We provide services to ensure compliance and reduce your workload.
We can help you prepare accurate VAT returns, making sure all transactions are correctly recorded and filed on time & according to the latest rules. We also review your returns to fix any errors before submission, aiming to avoid penalties and maximize your VAT recovery.
VAT Registration
Knowing when to register for VAT can be tough. We can advise you on the best time to register based on your business activities and turnover. This can include advice on the various VAT schemes & the registration process.
Bookkeeping
Managing financial records can be time-consuming & stressful. Our bookkeeping services help you focus on your business by handling receipts, ledgers, and other financial tasks for you.
Bookkeeping keeps track of your transactions, ensuring accuracy. It helps in decision-making, securing funding, and preparing taxes by providing a clear picture of your finances.
We offer various services for businesses of all sizes & work with most software suppliers.
Payroll
We offer a complete payroll service to make this process easy and accurate for you.
This includes calculating wages, processing deductions, and ensuring all information is ready for you to pay your employees on time.
If you are a Director of a company, whatever size, it could be beneficial to pay yourself a salary (as well as dividends) as this can be more tax efficient (based on your individual situation of course!).
We handle all necessary submissions to HMRC, including real-time information (RTI) submissions that report payroll data each payday.
We also include benefit in kind in the payroll and file P11D returns for any employees as needed. These returns show the value of any benefits given to employees, like company cars or private medical insurance.
CIS (Construction Industry Scheme)
The Construction Industry Scheme (CIS) is a set of rules from HM Revenue & Customs (HMRC), regulating payments from contractors to sub-contractors in construction. Effective CIS management is vital for construction businesses & proper management of these obligations is essential to avoid penalties.
Contractors must report to HMRC on CIS deductions. We can take care of all aspects of the scheme from reporting to HMRC to preparing sub-contractor statements, capturing all relevant information accurately to help you stay compliant.
Our Services
Accounts Preparation
Getting your yearly accounts ready is key for businesses to follow the rules and check up on their finances.
- Limited Companies
- Sole Traders
- Partnerships
Submission to Companies House
For limited companies, we handle the submission of annual accounts to Companies House in the required format to ensure that your company remains in good standing with all regulatory bodies.Preparation of Management Accounts
In addition to annual accounts, we offer the preparation of management accounts, which can serve as a valuable tool for monitoring your business’s progress throughout the year.
Corporation Tax
Understanding Corporation Tax
Corporation tax is a tax on the profits made by companies. For limited companies, it is based on yearly profits. Knowing how it works helps keep your business compliant and financially healthy.
Corporation tax applies to all profits, including:
- Business income
- Investment dividends
- Gains from selling assets
Expenses and deductions can lower the taxable amount, reducing your tax bill.
We offer services to make corporation tax easy for limited companies, including:
Preparing and Submitting Tax Returns
We make sure your tax returns are done right and on time. While we’re working on your accounts, we use that info to fill out your tax returns and calculations, making sure to include all the possible allowances and deductions.
Tax Planning and Advice
Our tax planning services are here to help you manage your money better. They include:- Checking out your company setup for tax efficiency
- Giving advice on when to report income and expenses
- Finding tax credits and relief options
Handling Tax Questions and Issues
We take care of dealing with tax authorities, including:- Answering questions
- Managing audits
- Sorting out disputes
Self-Assessment for Sole Traders and Partnerships
Self-assessment is how sole traders and partnerships report their income and expenses to HM Revenue & Customs (HMRC) to find out how much tax they owe.
Usually, tax is taken automatically from wages, pensions, and savings, but people and businesses with other income must report it in a tax return. This system requires keeping records of income, expenses, and other financial information throughout the year.
Who Needs to File a Self-Assessment Tax Return?
You need to file a self-assessment tax return if you are:- A self-employed sole trader earning more than £1,000
- A partner in a business partnership
- Receiving rental income
- Receiving untaxed income such as tips or commission
- Having income from savings, investments, and dividends
- Claiming income tax reliefs
VAT
VAT can be one of the most complicated taxes to deal with. No matter your business size, we can help with all aspects of VAT management. We provide services to ensure compliance and reduce your workload.
We can help you prepare accurate VAT returns, making sure all transactions are correctly recorded and filed on time & according to the latest rules. We also review your returns to fix any errors before submission, aiming to avoid penalties and maximize your VAT recovery.
VAT Registration
Knowing when to register for VAT can be tough. We can advise you on the best time to register based on your business activities and turnover. This can include advice on the various VAT schemes & the registration process.
Bookkeeping
Managing financial records can be time-consuming & stressful. Our bookkeeping services help you focus on your business by handling receipts, ledgers, and other financial tasks for you.
Bookkeeping keeps track of your transactions, ensuring accuracy. It helps in decision-making, securing funding, and preparing taxes by providing a clear picture of your finances.
We offer various services for businesses of all sizes & work with most software suppliers.
Payroll
We offer a complete payroll service to make this process easy and accurate for you.
This includes calculating wages, processing deductions, and ensuring all information is ready for you to pay your employees on time.
If you are a Director of a company, whatever size, it could be beneficial to pay yourself a salary (as well as dividends) as this can be more tax efficient (based on your individual situation of course!).
We handle all necessary submissions to HMRC, including real-time information (RTI) submissions that report payroll data each payday.
We also include benefit in kind in the payroll and file P11D returns for any employees as needed. These returns show the value of any benefits given to employees, like company cars or private medical insurance.
CIS (Construction Industry Scheme)
The Construction Industry Scheme (CIS) is a set of rules from HM Revenue & Customs (HMRC), regulating payments from contractors to sub-contractors in construction. Effective CIS management is vital for construction businesses & proper management of these obligations is essential to avoid penalties.
Contractors must report to HMRC on CIS deductions. We can take care of all aspects of the scheme from reporting to HMRC to preparing sub-contractor statements, capturing all relevant information accurately to help you stay compliant.
