Below is a list of the services we offer along with a paragraph or two showing why they are needed and what we can do for you.
Of course there are more services that we can provide in relation to the running of your business and we are always happy to talk to you and discuss any concerns or questions you may have regarding the operation and growth of your business.
Business Start Upís
We would be delighted to assist with the preparation of your business plan, and to help you choose the best structure for your business. We provide a range of services and advice including:
· Preparation of a Business Plan.
· Registration with HMRC.
· Limited Company Formation.
· VAT - How to get registered and what to consider.
· PAYE Ė Advice on issues for Employers and Employees.
If you are about to start in business or you have a new business then please come and talk to us. We can help you from day one by looking at your cashflow, which is one of the most important factors for any new business; by helping you to find the best bookkeeping system for your business and by discussing your options.
Have you set out your business objectives in writing? Can you demonstrate qualified experience in the type of business that you want to launch? How are you going to finance the company? What are your expectations for sales, profitability and investment in assets? Have you consolidated all this information in a formal business plan?
Even if you donít want to borrow money, a good business plan will help you to understand your current position and give you a good indication of your future possibilities. We know that a good business plan is imperative to your business, especially given the current economic climate.
A cashflow projection is probably one of the most important management reports as it shows how cash is expected to flow in and out of the business and how much capital investment your business needs. These reports are typically required by loan providers when you want to borrow money and can assist in the successful running of your business.
We can assist individuals and businesses with the preparation of their cashflow projections, budgets and business projections as and when required.
Completing a tax return can be stressful experience, even if there are only a few entries to make. There are various filing deadlines to meet, depending on personal circumstances and as those deadlines approach, the task can seem more and more daunting.
Annual self assessment tax returns cause many businesses concern and stress each year, let us take this hassle away from you
One trading option for a business is to operate as a limited company. This will provide access to a number of tax planning strategies and limited liability status. Although there is perceived prestige in operating as a limited company you will lose some of your privacy Ė directorsí and shareholders' personal details and abbreviated accounts have to be filed and are open to public scrutiny.
We have a whole range of accountancy services specifically tailored for limited companies; we will help you make the most of your venture with experienced accountancy advice. Our range of advice includes:
· Year End Accounts
· VAT Returns
Every limited company that is based in the UK is subject to corporation tax on their profits. Limited companies that are non-UK based that can still be expected to pay corporation tax if the central control and management of the company is carried out in the UK. Along with limited companies, clubs and societies, trade associations, housing associations and even co-operatives may also be subject to corporation tax.
We can assist with the preparation of the accounts, tax return and tax computations and will also be able to provide advice on any tax planning areas that may benefit you and your company.
Year End Accounts
The year-end accounts provide invaluable information about your business and are particularly useful. We can advise you on how to strengthen your record keeping procedures which in turn will assist you in managing your affairs, including the cashflow of the business.
Whether you are a sole trader, partnership or limited company, letting us prepare your year-end accounts will relieve you of what can be an extremely stressful and time consuming exercise.
Service Charge Accounting
If you are a Landlord, Tenant Management Company or Managing Agent then you are required to prepare service charge accounts for any property containing 5 or more residential units. For properties with 4 or fewer units, service charge accounts are not compulsory, but must be provided if a tenant requests them.
We have extensive experience of dealing with Service Charge accounts and the accounts of Limited Companies who collect Ground Rent, Service Charges and administer the affairs of residential flats.
All businesses are required to keep accurate records for both taxation and VAT (Value Added Tax) purposes, but good bookkeeping practices also benefit the business by:
· helping you to manage and control the finances of your business
· helping with planning for future growth of the business
· helping to ensure that your accounts are completed more efficiently thus saving on your accountancy charges
We will explain what records are required and providing that you supply them to us in a timely manner, we can take care of all of your bookkeeping requirements and, if you wish, we can also prepare regular management accounts.
However, if you prefer to maintain control of your bookkeeping, we can put a system in place that you feel comfortable with then extract the information to prepare your annual accounts.
How to get VAT Registered and what to consider.
Should I be VAT registered? If your business sells supplies of taxable goods and/or services, as soon as your turnover (sales) reaches the statutory registration threshold you should register for VAT.
If you are VAT registered and need your VAT returns completing we can do these for you. We are experts in completing VAT returns. Let us take this hassle away from you.