We offer the following services:
We will not only process your VAT (value added tax) returns but also look at the nature of your business to determine the most suitable VAT scheme. This could potentially minimise your VAT and increase savings.
CONTROL SALES AND PURCHASE LEDGER
We can raise and send sales invoices, carry out credit control, pay suppliers, send remittances and stay on top of your daily bank account transactions.
PRODUCE FINAL ACCOUNTS
We can deliver timely and accurate end of year accounts to HMRC for sole traders, partnerships, not-for-profit organisations and limited companies. This way you can rest assured that your annual statutory obligations will be met especially with regards to tax returns.
SELF ASSESSMENT TAX RETURNS
If you are a sole trader or have extra income to declare and need help with your self assessment tax return, we can do this on your behalf as your tax agent. No idea how to register for self assessment? Don’t worry, we’ll sort that for you too! Self assessment can apply to a range of income generating activities such as savings, dividends, self employment, pensions, benefits in kind and property income. We’ll handle the quagmire of form filling and tax calculations so that you can have that extra peace of mind.
CORPORATION TAX RETURNS & DRAFTING FINANCIAL STATEMENTS
This is one of our more unique offerings since this is usually done by accountants. Fortunately, we are qualified to work out your corporation tax and prepare the standardised reports to go along with it. We will also make the necessary submissions to HMRC and Companies House on your behalf. Submissions include annual returns (eg. confirmation statements), annual accounts, financial statements and all other relevant reports under accounting provision FRS105 & FRS102A.
We can handle all payroll processing needs on your behalf. This includes:
-Liaising with HMRC over payment queries
-Setting up your payroll system and registering your business for PAYE with HMRC
-Processing pay and producing payslips to reflect the necessary deductions (eg. pensions, national insurance), additions (eg. commissions, bonuses, overtime) or statutory payments (eg. statutory sick pay, maternity leave etc.)
-Running payroll on a weekly, fortnightly or monthly basis.
-Processing and producing P45s, P60s etc. alongside making sure the following submissions are done (where necessary): RTIs, FPS, EPS
-Managing your annual payroll filing needs including P11ds Expenses and Benefits returns.
Again, this is another unique offering which involves the use of performance indicators and ratio analysis to determine how well your business is performing and the areas in need of attention. This process requires the examination of different factors such as how quickly stock is converted into cash, how efficiently assets are being used, the company’s level of debt versus assets etc.