We have over 35 years of working experience with successfully helping the development of small to medium size businesses including sole traders, partnerships, limited liability partnerships, limited companies and charities.
We pride ourselves in being able to provide to each of our clients a bespoke professional service. Supplying a comprehensive range of financial and business support services and ongoing advice.We use our expertise to complete this work quickly and accurately, and our experience to explore opportunities and identify potential problems before they arise.
Our services for your business will include the following:-
Compliance Services
We provide a range of compliance services to support all aspects of business administration.
We can help you by making sure 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. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on your core business activities. In short, we will make sure everything is in the right format, in the right place and at the right time.
Our range of compliance services includes:
- statutory audits
- annual accounts
- specialist/niche audit and accounts
- company secretarial services
- payroll procedures including Real Time Information and Pensions Auto Enrolment compliance
- tax returns and
- Grant claims
Accounts and financial statements preparation
Accounts preparation is a core part of our business and we pride ourselves on being able to meet your needs promptly and efficiently. Our services include:
- accounts for partnerships and sole traders/freelancers
- rental income accounts
- accounts for charities, clubs and associations
- company accounts to comply with Companies Act requirements
- accounts prepared to conform with FRS102 or FRS105 Standards
- consolidated accounts for groups of companies
- bespoke reports for subsidiaries of overseas companies
Your accounting records
Company secretarial services
We will help you to form a new company or to incorporate your present company and help you with the compliance and administration and can provide company secretarial services. We can help you to comply with your statutory obligations under the Companies Act including the maintenance of your statutory register and the annual filing of your confirmation statement we can help you avoid any penalties for late filing of annual returns, accounts and other documents.
Statutory audits
Many limited companies, charities and other entities are required by law to have their accounts audited.
Our audit services aim to provide you with confidence in the accuracy of your financial statements, and assurance as to the efficiency and effectiveness of your accounting procedures and internal controls.
Support Services
The combination of your business knowledge and our support services will help your business to grow and increase profitability.
Management accounts and information
Obtaining regular reliable management information is vital to the continued success of any business. Let us 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.
Payroll
Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. With the implementation of Real Time Information, HMRC require information generally on or before the date of payment to the employee. We can help relieve the pressure and we can offer cost-effective solutions. We are able to provide the complete service for your business or simply provide support when needed.
Bookkeeping
We can help you with all your general bookkeeping requirements. Maybe you need help completing your records or just want us to add the finishing touches to the information in order to create your own management information. If you do not currently have a bookkeeper then we can take up the role or help you recruit the right person for your business.
Budgets, business plans 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.
Liaising with banks and institutions
We offer support when liaising with banks and other financial institutions. Drawing on our wealth of experience we can support our clients through this often daunting experience.
Guide to obtaining business finance
Taxation Services
We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
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 due.
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 services (including sole-traders and partnerships)
Self Assessment
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. 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 Returns
Personal tax planning
Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
VAT
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to 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:
- assessment 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 HMRC
- negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.
- Compliance with MTD
VAT
Other Services
Business start-up
Starting a business can be a daunting prospect with all the legal, administrative and tax compliance required.
We will help you:
- 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 HMRC
- deal with company secretarial issues
- set up a recording system for your internal use and for complying with statutory requirements
- decide on the right choice of compliant cloud accountancy software
- keep on top of bookkeeping, VAT, payroll and other accounting requirements and
- help with all aspects of business compliance and administration
Starting up in business
Financial Planning - Investments and Pensions
In today’s complicated and strictly regulated financial services market, providing independent financial advice requires specialist knowledge. We are not regulated to offer this advice however we can put you in touch with an IFA to help you with your financial/retirement planning.
We can liaise with your IFA to discuss the resulting tax implications.
This material provides only an overview of the regulations in force and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.