Avoid penalties and potential consequences… Make sure everything is in the right format, in the right place at the right time.
We provide a range of compliance services to support all aspects of business administration. We ensure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared and submitted on time.
Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on other areas of your business. Our range of compliance services includes:
- Statutory audits
- Annual accounts
- Company secretarial services
- Payroll procedures
- Tax returns
- Grant claims
We explore your needs. We listen to your requirements and we explain complex issues in clear easy to understand English.
The combination of your business knowledge and our support services will help your business grow, increase profitability and develop strategically.
Who would build on rocky foundations?
Regular management information packs are the foundations on which successful businesses are built. We work closely with you to get to know your business so we can offer solutions to improve profits or to develop and grow your business in a strategic manner.
We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business forecasts and decisions.
Why spend time unraveling and running a payroll when it diverts vital resources away from your business?
We can help… you can outsource… We offer cost effective solutions either keep it in house and install payroll software which we will train your staff on or hand it over to us and we will undertake it for you completely.
We can provide the complete payroll service, whatever the size or complexity of your business, or simply provide support when you most need it.
Do you need help in writing up your books?
We can help you with all your general bookkeeping requirements, either at your place or ours. Even if its just to add the finishing touches to information on bookkeeping systems so that you can create your own management information. If you do not employ a bookkeeper then we can do it for you or help you recruit the right person for your business.
BUSINESS PLANNING & FORECASTS
Financial forecasts are a crucial part of any business plan.
Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Let us help you.
LIASING WITH BANKS & INSTITUTIONS
We can assist you in dealings with banks and other financial institutions. Draw on our wealth of experience and let us support you during this experience which can often appear daunting.
Do you have a good business proposition and the commitment to see it through BUT you are lacking in legal and financial expertise when it comes to getting started and keeping the business running?
Don’t be put off. You don’t need to be a legal and financial expert to succeed in business, you just need the support of a team of trained professionals to guide you.
We can help. Bring us your business ideas and we‘ll help you to turn them into reality!
We’ll help you to:
- Decide on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company.
- Prepare a business plan, cashflow projections, budgets, and trading forecasts.
- Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals.
- Establish a good working relationship with your bank.
- Complete any registration procedures with Companies House and H M Revenue & Customs.
- Deal with company secretarial issues.
- Set up a recording system for your internal use and for complying with statutory requirements.
- Decide on what computer hardware to buy and help with the installation of accountancy software.
- Keep on top of bookkeeping, VAT, payroll and other accounting requirement.
- Help with all aspects of business compliance and administration.
CONSULTANCY & SYSTEMS ADVICE
We are focused on you.
We are driven by your success. We see effective and easy two-way communication of paramount importance.
Your professional and personal goals are central to our consultancy services; we take the time to get to know you better so we can offer you the best advice.
Seize business opportunities as they arise. Identify potential problems promptly and resolve them quickly – that’s the benefit of effective management information.
Our management consultancy service reviews your credit control, stock control, budgeting and financial reporting systems which allows you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.
Achieve your short term and long term objectives.
Information technology (IT) is one of the key resources available to every business . Our in-house IT team are able to advise on IT related matters with first-hand experience. We can install software, provide training and help you to obtain the best from your chosen system. Our expertise enables a complete range of services to be offered, including:
- Software selection
- Hardware selection
- Installation and training
- Management reporting solutions
- Payroll systems
Spending too much time writing up books, typing invoices and chasing debts?
We can help to take control by computerising your accounts system. We can help you make the best use of your IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.
In short, whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.
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 prepare tax returns in a timely and efficient manner. We will also calculate your company’s tax liability and assist with the calculation of any quarterly instalment payments.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.
Effective corporate tax planning can also result in significant improvements in your bottom line.
PERSONAL TAX (INCLUDING SOLE TRADERS & PARTNERSHIPS)
We are specialists in income tax, capital gains tax and inheritance tax.
Take the headache out of the form filling and the compliance aspect of Self Assessment, we have the expertise and software ready and waiting.
We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Personal tax planning
Meet the compliance requirements and optimise your tax position ..Today, more and more emphasis is being put on taxpayers’ individual responsibilities. Everyone who is subject to taxation needs professional advice and support to get the best out of the situation. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
Make the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system. Few of us like to think about dying, however the relevant legislation requires us to plan well in advance.
It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:
- Help with planning and reviewing a will.
- Making full use of exemptions and lower tax rates on lifetime transfers.
- Optimising lifetime transfers between family members.
- Transferring agricultural or business property.
- Transferring assets into trust.
- Arranging adequate life assurance to cover potential inheritance tax liabilities.
We also have expertise in dealing with trusts; a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the best type of trust to meet your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.
VAT compliance can be a difficult administrative process. with the ever changing regulations and the growing demands of Customs & Excise .We can help ensure that you comply with the regulations and that overpayments are not made. 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.
- Use of the most appropriate scheme.
- VAT control and reconciliation.
- Help with completing VAT returns.
- Planning to minimise future problems with Customs and Excise.
- Negotiating with Customs and Excise in disputes and representing you at VAT tribunals if necessary.
If you are about to be the subject of an investigation, we can provide expert help and support.
Being the subject of a tax investigation by the Inland Revenue can be a stressful and worrying experience. With the onset of personal and corporate self-assessment, Revenue staff can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with Inland Revenue investigations, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance.
Protect yourself and your business from unexpected costs by taking out an annual insurance policy.
An investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.