We offer a full and comprehensive accounting and taxation service. Click on the following services to find out more:
Accounting and bookkeeping
As well as being an integral part to the running of your business, keeping accurate bookkeeping records is a legal obligation. Keeping on top of this can take away hours of time that could be spent in a more productive manner. We therefore provide a bookkeeping service that can be tailored to your needs. We can provide services on a weekly, monthly, quarterly or annual basis. Below is a list of tasks that we are able to undertake;
Processing all sales invoices & providing a current aged debtors list
Processing all purchase invoices & reconciliations to supplier statements
Reconciliations of all bank accounts, company credit cards and loan balances
Processing VAT returns and submitting these to HMRC on your behalf
Processing accounting adjustments such as accruals, prepayments and depreciation
Maintaining a fixed asset register
Processing payroll and PAYE. See Payroll processing.
We can provide advice in all areas of taxation such as capital gains tax, estate and inheritance tax planning, retirement and exit strategies as well as income tax planning. Please feel free to contact us to discuss your individual requirements.
Maintaining accurate management accounts can allow you to monitor cashflow and profitability and review this against forecasts and your KPI’s. Our Management accounts service will be tailored to your individual needs and requirements and can take the simple form of a profit and loss account and balance sheet or incorporate further valuable analysis such as budget comparisons, ratio analysis, detailed debtors and creditors analysis and review of performance against KPI’s. We can also use this information to assist in preparing cashflow and profitability forecasts.
Annual accounts are required whether you are a sole trader, partnership or limited company. Sole traders and partnerships will need to prepare annual accounts for the basis of preparing their tax returns and limited companies will need to prepare and submit accounts to companies house to ensure that they are compliant with legislation. We can assist in the preparation of all the above ensuring that the accounts are compliant and also where required submit these to companies house on your behalf.
All companies have a legal obligation to maintain accurate records and comply with the requirements of companies house. Our Company secretarial service can relieve this burden and assist with the following tasks;
- Company incorporations
- Submissions of annual returns
- Preparation of company minutes and resolutions
- Preparation of dividend vouchers
- Acting as registered office
- Preparing and filing Companies House forms recording changes of officers, changes of registered office, increases in share capital, allotment of shares and changes of accounting reference date.
We act as Independent Examiners for charities and charitable trusts as well as preparing financial statements on behalf of charities.
VAT is a very complex area of taxation and again an area where we can relieve the burden and assist with the following tasks;
Assistance with VAT registration
Advice on what VAT scheme is the most appropriate for you
Preparation of VAT returns
Review and submission of VAT returns
Acting as your agent and liaising with HMRC on your behalf
Keeping up to date with employment law and ensuring all necessary submissions and returns are submitted on time can be an onerous task. We can provide a payroll service for small to medium organisations where payroll can be run on a weekly, fortnightly or monthly basis. We will ensure that all submissions are made to HMRC within the necessary timeframe and that all deadlines are met. We can also act as your agent enabling us to liaise with HMRC in respect of any PAYE queries should they arise.
Tax returns need to be completed whether you are a sole trader, partnership or limited company. Given regular changes in tax legislation and the complexities involved in completing the necessary returns it is no surprise that taxpayers seek professional advice when completing these.
We are able to provide assistance in the completion of all tax returns, as well as providing advice on minimizing tax liabilities and also acting as your agent and liaising with HMRC on your behalf.
Financial process improvements and controls
To ensure that your business runs as efficiently and smoothly as possible we are able to undertake a review of your business’s internal procedures and processes to ensure that they are as efficient as possible and to also ensure that you have sufficient controls in place to minimise the risk of fraud.
In order to do this we would visit you in your workplace and document all the key transaction streams and processes surrounding these. We would then review these and provide recommendations for improvement.