We can help you complete your returns and plan to be tax efficient. You can benefit from our experience and understanding of the tax system.
We will liaise with HM Revenue & Customs on your behalf and ensure you are left to run your business with the minimum of compliance hassle. Our service includes personal tax for:
• Individuals requiring a tax return
• Sole traders
The term 'self assessment' is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly.
Tax legislation is constantly changing which means returns are becoming even more complicated and taxpayers run the risk of incurring more penalties if returns are not completed on time or are incorrect.
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations and complete your return.
We recommend completing your personal Tax Return as soon after 5th April as you can. This way, you will be aware of what payments are due to the HMRC and be bale to plan for these. If you are due a refund, you will receive this sooner.
A company has an obligation to ensure that its company Tax Return is submitted within a timescale. By preparing your Accounts and calculating your tax liability, we will be able to advise you of your tax liability and ensure that you are aware of the amount due and when. We will also be able to plan how to deal with your tax affairs more efficiently.
All companies must submit a Corporation Tax Return to HM Revenue & Customs and pay any tax owed on their taxable profit. HM Revenue & Customs will normally send you a reminder informing you that you need to complete a Return. In addition, we also remind our clients when their accounts and Tax Returns are due.
Whilst all employees rightly demand punctual payment, it can consume valuable management time to complete payroll tasks. Small businesses in particular find the compliance and operation of a payroll particularly onerous. Larger businesses find that too much managerial time is spent operating and administering it. Our service releases them from the burden, to focus on their core business roles.
We offer a dedicated payroll service including:
• Setting up new employees and dealing with required paperwork
• Providing computer generated payslips
• Advising you when and how much to pay to HM Revenue & Customs for PAYE and NI
• CIS processing for subcontractors and Contractors Monthly Return
• Real time reporting (RTI)
• Dealing with an employee leaving, including producing the P45
The Construction Industry Scheme (CIS) sets out the rules for how payments to sub-contractors for construction work must be handled by contractors in the construction industry.
The Construction Industry Scheme is a set of special rules for handling payments for construction work that contractors make to sub-contractors. The scheme covers all ‘construction operations’ carried out in the UK as well as other related work. If your business is involved in construction operations, you might operate as a contractor or sub-contractor or even as both.
There are strict filing deadlines when filing the monthly CIS returns to HMRC and failure to comply with these will result in a penalty, even if the deadline goes over by just one day. We can relieve you from the stress of completing the returns and provide your sub-contractors with their monthly CIS deduction statements.
There are many benefits of outsourcing either all or part of your accounting function. Some of these are listed below:
Appropriately qualified staff - we will use staff with the appropriate skill level for the type of work to be carried out. Without outsourcing, you may have to use one person for all tasks and they may not be suitably qualified for some tasks but over qualified for others.
Technical competence in accounting matters - you can be sure that your accounting records will be kept correctly and competently.
No recurring software costs - if we keep all the accounting records for you, there is no need to keep your own accounting software and therefore no ongoing maintenance and upgrade fees.
The ability to make decisions on a timely basis - if your accounting information is up to date, you will be able to manage your business more effectively. If you are currently carrying out the bookkeeping yourself, it will free up your time to run your business.
You want to start a business because you have a great idea and the vision to realise it. Starting out in business on your own can be a daunting prospect but with the right advice, getting the formalities in place is easier than you think.
We're here to help you do just that. We want you to focus on what you do best, building your business, while we provide all the necessary background support.
Here are just a few of the ways we can help you get started:
- Preparing a business plan
- Determining the best structure of your
business: sole trader, partnership, limited
liability partnership, or limited company
- Assisting with company formation and
company secretarial duties
- Registering your new business with HM
Revenue & Customs.
- General bookkeeping, VAT, and payroll duties
- Tax planning
- Management accounts
- Annual accounts.
We specialise in helping start-ups get their businesses up and running quickly, profitably and effectively!
Do you want to take the risk of forming your own company?
There's more to consider than just buying a cheap ready made company on the internet!
Our Company formation packages can include...
Pensions, Investments and Financial Services
Financial services is strictly regulated and providing independent financial advice requires specialist knowledge. We work with a local Independent Financial Adviser to ensure that you can access the advice you need, in areas such as:
• Life Assurance
• Critical Illness
• Income Protection
• Elder Care
• Private Medical
• School Fees Planning
Please contact us if you require any further information about this service
Contact us now to arrange a free no obligation meeting at your home or workplace, at a time to suit you.
We will take the time to get to know you and your business and then work together to decide what your requirements are.
Tel: 01332 65 00 64