Services
Personal tax
Personal tax services are available both for business owners and private individuals including…
- Dealing with Tax Returns
- Tax enquiries
- Computation of liabilities
- Tax disputes
- residence and domicile advice
- Residential Property Tax
- advice on capital gains tax where assets are being sold
- dealing with HMRC tax investigations
Self-Assessment
Tax Returns can be completed for…
- Individuals and sole traders
- Partnerships
The self-assessment regime is full of penalties and HMRC enquiry powers are extensive. It’s important that…
- Returns are correctly completed
- They are filed on time
- All backup records are retained for the appropriate period
As well as the completion of your return we can assist with…
- Advice on your tax liabilities
- Negotiating with the Collector if necessary
- Identifying suitable tax planning opportunities
- Completing all the necessary tax computations
- Dealing with all correspondence from HMRC, taking the worry away from you
Personal tax planning
To optimise tax situation and make sure fulfil the requirements for compliance, all individuals who are liable to taxes require expert guidance and assistance. All year round, our knowledgeable tax staff are available to offer you guidance on all facets of personal taxes including.
- Tax Reducer i.e.; Marriage allowance, Donations to charity, EIS, SEIS, SITR, VCT and so on.
- Pension Scheme.
- Share Schemes (Share Incentive Plans, save as you earn, Company Share Options Plans, Enterprise Management Incentives).
- Domicile, non-domicile
- Overseas aspect of work relief, Double Tax relief.
- Remittance basis Charge
Corporation Tax
You must pay Corporation Tax on profits from doing business as:
- a limited company
- any foreign company with a UK branch or office
You don’t receive a corporation tax bill. There are specific things you must do to calculate, pay and report your tax.
We can help:
- 1. Restart a dormant business or complete your corporation tax registration
- 2. Prepare your company's tax return and inform you of the amount owed.
- 3. Notify HMRC, if you have nothing to pay.
- 4. File your company tax return by the due date to avoid fines.
VAT
VAT compliance can be a challenging administrative procedure due to constantly shifting legislation and HMRC’s increasing demands. We can assist in making sure that you don’t overpay and that you abide by the rules. We offer a productive, affordable VAT service to assist you in handling this complicated sector, which consists of:
- assistance with VAT registration
- on VAT planning and administration
- use of the most appropriate scheme
- VAT control and reconciliation
- help with completing VAT returns
- planning to minimise future problems with HMRC
Business Start-Up
Bring your business ideas and we’ll help you to evaluate them in a constructive and realistic manner. Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through.
We will help you to:
- Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company
- Assess the finance requirements and advise on sources of finance
- Complete any registration procedures with Companies House and HMRC
- Deal with company secretarial issues
- Decide on which suitable accountancy software to use
- Keep on top of bookkeeping, VAT, payroll and other accounting requirements and
- Help with all aspects of business compliance and administration
Bookkeeping and accounting
Our bookkeepers can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs.
- Drop off your invoices, bank statements, etc
- We do all the processing
- We can then easily prepare for you...
- Management Accounts
- VAT Returns
- End of Year Accounts
- Estimated Tax Liabilities as you go along so there's no end of year surprises
- You pick up the records (neatly filed and organised!) and all the information we've agreed to provide you with
It also makes it easy for us to handle any VAT inspections.
Payroll
Payroll is a complex process that must be completed on time, and you, as the employer, are
Accountable for any errors.
We can offer a customised service for your company that includes timely payroll processing and…
- Employee payslips
- Monthly summaries
- Dealing with leavers and starters
- Provision of analysis of staff costs
- Real Time Information (RTI) PAYE returns for the Revenue
- Assistance with automated payment set-up to your employees
You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!
And at year end…
- Employee summary P60s
- P11D and P9D benefit, and expenses returns