If you are a sole trader that needs a basic self assessment tax return filed once a year, or if you have a slightly more complex structure and operate through a limited company that needs to prepare annual accounts, corporation tax returns, quarterly VAT returns and a weekly or monthly payroll, we have the expertise to help you.
Year end accounts preparation
Whether you operate as a sole trader or partnership that needs accounts prepared principally for tax purposes, or you operate as a limited company and are required to file annual accounts with Companies House, we are here to help you. As long as your business records are maintained in a manner that allows us to prepare your accounts, we can take care of the rest, and we will make sure to take the time to explain your accounts to you in a way which you will understand.
In addition to preparing your annual accounts, we can take care of all the filings with HMRC and/or Companies House electronically so you don’t need to worry about making sure the relevant paperwork is filed in the right format before the relevant deadlines.
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration
- advice on VAT planning and administration
- advice on the most appropriate scheme
- help with completing VAT returns
- negotiating with HMRC in disputes
Payroll and Auto Enrolment
Running a payroll can be time consuming and complicated and may divert resources from the core activities of your business. With the implementation of Real Time Information, HMRC now require information generally on or before the date of payment to the employee. Most recently, with the implementation of Auto Enrolment, employers have an even more complicated and time consuming regulatory burden to deal with.
We can help to take some of the administrative pressure off your business by running your payroll and taking care of all the necessary filings. Additionally we can help you set up an employer pension and take care of all staff communications, as well as communicating with your pension provider about staff pension contributions. Outsourcing these activities will help relieve the pressure on the owners of the business and we can offer a range of cost-effective solutions. We are able to provide a complete service, whatever the size or complexity of your business, or simply provide support when needed.
Corporation tax services
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can calculate your company's tax liability and prepare tax returns in a timely and efficient manner.
We can help you with all your general bookkeeping requirements. You may need help writing up the books or just want us to add the finishing touches to the information in order to create your own management information. Depending on your situation, if you don’t have a bookkeeper then we can take up the role for you, or we can provide guidance on the best ways to keep your records.
We can utilise the latest technologies and cloud accounting to help make the bookkeeping experience a more enjoyable part of running your business and something that can provide valuable insights into the way your business is performing, rather than something that you dread every time you need to file a VAT return or year end accounts.
Management accounts and information
Obtaining regular reliable management information is vital to the continued success of any business. We can work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
Business planning and forecasts
Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01241 853842 or 0131 4777140. Or if you would prefer, ask us a question online.