Expertise - Our services.
We specialise in small to medium sized business and individuals. We work closely with our clients in order to best service their needs. We pride ourselves on being friendly, approachable and most importantly helpful. We don't like the mentality that you only see your accountant once a year, so encourage clients to stay in touch and ask as many questions as possible, which allows us to best give the support and advice they need.
Some of the services we provide are:
Preparation of annual accounts
Not only will we produce accounts that satisfy the Companies Act 2006 format, but, we will work with you to ensure that this is done in a timely fashion in order to avoid late filing penalties, which currently start at £150 quickly working upwards to £1500 or more. It has therefore never been more important to meet the filing deadline for company accounts! This deadline is now 9 months from the year end for Companies House and remains at 12 months for HM Revenue & Customs.
Sole traders and partnerships will also be presented with accounts showing the financial performance of the business for the period. These will form the basis of the tax computation, which in turn will be used to complete self assessment tax returns.
Whether you are a company or sole trader/partnership, ever increasingly we are finding that clients are required by their banks and other third parties to produce evidence of financial performance during an accounting period. Historically annual accounts were sufficient to secure overdrafts, lending and general support of financiers, but as times have changed borrowing has become harder to obtain and retain.
Management accounts not only satisfy the requirements of lenders, but more importantly they provide invaluable information about where your business is currently at; how it compares to prior years; and how best to increase the profitability over the year to come.
Each company and business is different so management accounts can be prepared to suit your needs both visually and through the information it provides such as key performance indicators.
Equally it brings the relationship between accountant and client closer, allowing us to offer a more complete, rounded service, which allows you to concentrate on your business goals.
Personal and Corporation tax
Completion of personal and company tax returns; dealing with taxation compliance and general advice on tax planning in the following areas:-
Capital Gains tax
We are able to offer bookkeeping services on a monthly, quarterly and annual basis, or on whatever basis suits your requirements. Whether it's the completion of VAT returns, simple data entry on to software or the keeping of manual books, we are able to help.
Company search facility
Payroll management - allowing us to take away the hassle and complexities of PAYE and the compliance involved with it, including help and support with CIS.
Software - SAGE is increasingly being used by businesses, and we are able to offer advice on whether a package would be suitable for you and your needs. We can offer ongoing support on any use or transition to this type of software.
From 6 April 2013 employers will have to start reporting PAYE information to HM Revenue & Customs (HMRC) in real time. You may see this referred to as Real Time Information - or RTI. This means you must set up payroll records for the new tax year using payroll software. We have the ability to take full control of all payroll compliance, saving you money on software, and giving you the comfort that the important function of calculating pay for your staff pay is taken care of, along with HMRC RTI all at the same time.
Please contact us for more details.
As a practising member firm of The Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at rulebook.accaglobal.com.
We also carry out our professional duties in accordance with the requirements of The Association of Chartered Certified Accountants as detailed at www.accaglobal.com (search factsheet 163).