Our Services
Accounts
Every business has a statutory obligation to produce accounts annually for the relevant authorities, typically HM Revenue & Customs (HMRC) and Companies House.
One of the key objectives in accounts preparation is to identify areas where we can assist in minimising your tax liability. Another key objective is to ensure that the accounts are compliant with all the statutory regulations.
In addition we like to gain a full understanding of the business and your goals and objectives, so that we are able to give advice and recommendations tailored exactly to your requirements.
We take the time to meet with you to discuss your accounts so that we can help you plan for the future.
Tax Compliance
We deal with all areas of compliance for personal tax returns (self-assessment), CIS (Construction Industry Scheme) and Corporation Tax.
We can, of course, complete your tax computations and returns, calculate your tax liability and tell you how much you need to pay; or we can make tax repayment claims on your behalf.
We can also correspond on your behalf with HMRC, saving you the worry.
But, in addition, we will routinely provide you with advice on your tax position and the planning opportunities available.
Tax Planning
Whilst completion of tax returns and statutory tax obligations are important jobs, we will go further in order to maximise your tax planning opportunities.
Everyone has to pay taxes, but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.
In particular we can advise you regarding the implications of VAT, Capital Gains Tax, Inheritance Tax and Stamp Duty (including Stamp Duty Land Tax).
Bookkeeping
If appropriate, we will encourage you to maintain your own bookkeeping to keep your costs to a minimum. We provide training and assistance, and we keep the process as simple as possible.
However, if you want us to take on your bookkeeping instead, we have a team of experienced bookkeepers we can call upon. This will allow you to get on with the important job of running and growing the business.
VAT
Compliance with VAT is becoming ever more complex. We can provide advice and assistance in all areas, including VAT registration, completing your VAT returns, attendance at inspections and representation at tribunals.
As VAT is so complicated, it is vitally important to consider the VAT implications of any proposed deal or transaction, and we are able to offer VAT planning strategies to suit your particular circumstances.
Payroll
We run a comprehensive payroll bureau service, including the provision of employees’ payslips, monthly summaries of PAYE and National Insurance and the completion of forms P45 for leavers. We also calculate Statutory Sick Pay and Statutory Maternity Pay where applicable.
We produce the year-end PAYE returns including forms P35, P60 and P11D, and submit them to HMRC on your behalf.
Alternatively, we can produce the end-of-year returns from your own payroll records and assist with the correct completion of forms P11D for employees’ expenses and benefits.
Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues, from planning tax-efficient remuneration strategies to planning for retirement. For example, when considering inducement or termination payments, the tax repercussions can often be central to the decision-making process.
Management Accounts
All businesses can benefit from quality management information, but only a minority of businesses can afford a dedicated finance function. We can prepare your management accounts on a monthly or quarterly basis in an efficient and cost-effective way, in order to help track how your business is performing, and identify strengths and weaknesses in good time.
Some businesses will require management accounts to be prepared for the purposes of providing information to the bank, usually to support a borrowing facility. But we believe that quarterly management accounts can be a very important business tool in their own right.
We offer a service where we visit your premises once a quarter to prepare management accounts, enabling us to review the quarterly results in detail. This can then be followed by a meeting with you to discuss the results, the projected tax bill, developments in the business and any pertinent tax issues. This then gives us the opportunity to discuss and put into place if necessary any tax planning points.
This more detailed approach allows us to understand your business better and, consequently, we can help you move your business forward.
Business Valuations
We can provide business valuation services for unincorporated entities and shares in unquoted companies based in the UK.
We can advise on valuations for tax, commercial, financial-reporting and litigation purposes. We can undertake negotiation with the tax authorities, including HMRC’s Share Valuation Unit, and undertake assignments in connection with the purchase or sale of a business, matrimonial issues or dispute resolution.
Tax Investigations
HMRC investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone and, without expert assistance, it is possible to get trampled on.
If you are selected at random, you need an accountant who knows how HMRC works, and is prepared to fight your corner. We make sure that HMRC keeps to its own internal guidance and does not step over the mark. We will talk you through the enquiry process and what to expect, and we will support you throughout.
Other Services
We can also assist you with a wide variety of other services, including:
- Profit projections and cash flow forecasts
- Business strategy and succession planning
- Corporate restructuring
- Business acquisitions and disposals, including due diligence
- Business start-ups and company formations
- Company Secretarial services
- Forensic accounting and litigation support