No matter how your business is structured, year-end accounts will be required to measure and record profits (or losses) for the period as this is the starting point for calculating any tax due.
Self-employed individuals require accounts for their self-assessment tax returns (and determining eligibility for certain state benefits etc) and limited companies are required by law to prepare and submit accounts in a specified format to Companies House each year. As well as assisting with the preparation and submission of statutory accounts, we can provide additional support for business owners by preparing/reviewing management accounts during the year highlighting key figures and providing ongoing advice.
We do not carry out company audit work ourselves but can arrange this on your behalf if required.
We provide taxation services for individuals, partnerships and companies.
As your tax agent, we will deal directly with HMRC on your behalf in regard to all your tax affairs. As well as the normal compliance work i.e. preparation and submission of annual tax returns, we provide ongoing advisory services in all areas of tax including:
Although the main proposals of the Government’s “Making Tax Digital” initiative have been deferred until 2024, from April 2019 VAT registered businesses were required to submit quarterly VAT return information in a way that is MTD compliant. This may have meant further investment in software and staffing are required.
It may be that you would prefer to outsource the business bookkeeping function. Our experienced bookkeeping team can take on that role ensuring compliance with VAT deadlines etc. so you can get on with running your business. Alternatively, you may only require us to review bookkeeping entries made by your own staff e.g. prior to VAT return submission. Again we are happy to tailor our services to meet your needs.
Since the introduction of real-time information (RTI) and auto-enrolment, the payroll function has become extremely onerous, particularly for smaller employers. We can relieve our clients of this administrative burden by providing a comprehensive payroll bureau service including:
We also prepare and submit forms P11D (Benefits In-Kind) as required.