Forming a Limited Company can be a complicated process and one that is requires the correct structure from incorporation. There are also the responsibilities of filing the yearly confirmation statement and control reporting, which you will have peace of mind will be taken care of.
We prepare end of year accounts for sole traders, and explain the accounts ensuring you have all of the relevant information at your fingertips. Once you are happy we file them with HMRC on your behalf, dealing with any queries along the way.
We will prepare your self-assessment for you as a director also returning information regarding other taxable personal income such as employment or rental income.
We provide this service in conjunction with the accounts preparation service to ensure maximum tax savings for companies as well as personally. We can construct tax structures that optimise the latest tax rules to generate tax savings.
We calculate the personal tax liability due and can help with any queries that could exist with HMRC. Advisors have dedicated phone lines to communicate with HMRC efficiently.
In addition to preparing your company accounts your Corporation Tax Return will also be prepared and filed with HMRC. Your annual confirmation statement will also be filed detailing directors and shareholders.
Value added tax compliance can not only be detailed and complex but also burdensome. We can provide a complete service from making you aware of relevant thresholds, VAT registration, including choosing the most appropriate VAT scheme, to preparing the VAT return online with HMRC.
It may be beneficial for some businesses to voluntarily register for VAT, which can be discussed if advantageous.
The fines for non-compliance of VAT returns can rise to 15% of the total amount due representing a major expense which can easily be avoided.
We provide payroll services which compliments the accounts service, providing a complete service to our clients. Since the roll out of real time reporting and auto enrolment of workplace pensions, the compliance burden for a business is now sizeable, with fines imposed if deadlines are missed or returns contain errors, leaving you with complete peace of mind and the time to get on with running your business. We can ensure registration, processing and submission are completed in real time to HMRC as per requirements.
We can prepare management accounts for businesses and companies on a periodic basis. This will enable real time decision making and support the decision making process. Frequently requested information can be produced to support cash flow forecasting, finance applications as well as a host of additional purposes.
Rules regarding tax legislation change regularly and can be very complex to understand and interpret. We design and construct proactive procedures within our organisation which will highlight and calculate tax savings with our clients’ business. We strive in implementing tax strategies and structures which are constantly evolving. Our tax strategies cover various taxes from corporate to personal and VAT to PAYE.