What we do
Our Services
Annual Accounts/ Financial Statements
We prepare annual accounts for:
Annual accounts form the basis of self-assessment tax returns for sole traders and partners. Companies are required by law to prepare annual accounts in a specified format and submit to Companies House and HMRC, along with a company tax return. Charities need to prepare accounts in a special format for submission to the Charities Commission and may need an ‘independent examination’, which we can perform.
In addition to complying with the law and paying tax, your accounts can also help you demonstrate the health and performance of your business to when entering new business relationships, or raising finance.
Tax
Personal Tax
We prepare self-assessment personal tax returns for a wide range of clients. Whatever your circumstances, we can provide the advice you need and make sure you pay the right amount of tax.
Business owners need to prepare personal tax returns, whether you are sole trader, a partner in a partnership, a company director or shareholder.
Individuals will need to submit a tax return if you have non-payroll income or capital gains from investments, rental property or other sources.
Company Tax
We can prepare your corporation tax return, making sure that your company pays the right amount of tax and complies with the HMRC requirements.
Companies need to submit corporation tax returns and make payments to meet HMRC deadlines.
Partnership Tax
The partners in a partnership are jointly responsible for all aspects of the business and will share the profits. We can prepare and submit the partnership tax return to HMRC. We can also prepare the individual personal tax returns for each of the partners in the business.
Payroll
We can provide a payroll service for your business, sending payslips to you electroncially or by post.
As part of this service we deal with preparing the various documents that are needed for submission to HMRC. We can also prepare the annual employee benefit in kind forms (P11d).
Bookkeeping and VAT
We can provide a full range of bookkeeping services to suit your needs. We can do your bookkeeping for you, or we can be on call to answer your questions or provide bookkeeping training so that you can do it yourself; and we can do monthly or quarterly reviews of your bookkeeping just to make sure everything is in order.
We can also make sure your systems are compliant with the ‘Making Tax Digital’ requirements.
Keeping your books up to date helps make sure your annual accounts are correct and that you pay the right amounts of tax and VAT, while meeting all of HMRCs deadlines.
Management Accounts
We can provide management accounts services to suit your needs. Good management accounts help you keep track of your cashflow and profitability. It is critical to keep an eye on your cash flowing in and out, especially when you are growing your business.
Budgets, Profit Projection, Cashflow Forecast
We can work with you to prepare budgets, profit projections and cashflow forecasts for your business.
Budgeting helps you set and monitor your goals and expenditure. As an owner manager, monitoring your business performance is important and enables you to take action to avoid making losses and getting into unwanted debt.
Forecasts are often critical if you want to secure external investment or bank financing.