No matter what your business, large or small, every business must produce annual accounts for the tax authorities. These accounts form the basis of the information required for completing the tax return.
The annual accounts for most business are the only guide to the financial health of the buisiness. Provided these are completed in a timely manner, they can serve as an important decision making tool to allow the insight in to the future of the business.
We can prepare your annual accounts for your business, be it sole trader, partnership or limited company for filing with HM Revenue & Customs and Companies House.
Failure to calculate tax correctly can result in large fines and can hamper the growth of your business
If you are a sole trader, partner or director of a company you will need to submit a personal tax return.
We can prepare your tax return and file them with HM Revenue & Customs.
Partnerships and Limited Companies must file Returns for not only the partners and directors but also for the business.
We can calculate the amount of tax your business must pay and when you are required to pay it. We will also file the Corporation Tax Return or Partnership Tax Return with HM Revenue & Customs.
Bookkeeping & VAT:
When running a business no matter what size it can be easy to forget to keep books and records up to date, which can have a detrimental effect on your business as a whole if deadlines are missed and incorrect figures are used when completing VAT returns.
We can assist you with keeping your books up to date. We also can provide programs to assist you based on your individual needs to make sure your records reach us in the best possible format. We can provide you with a bookkeeper to take the strain of compiling your records away from you.
If you are required to register for VAT we can do this for you. If you are VAT registered we can complete your quarterly VAT returns for you making sure no returns are missed keeping you up to date and free from late submission fines.
Every business that employs staff must make sure they are 100% correct when calculating payrolls. Not only will HMRC be looking to fine you if you do not file the correct details and payments when required but your staff may also have something to say if you do not calculate their pay correctly.
We supply payroll services for weekly and monthly payrolls providing payslips, HMRC forms and end of year returns.
We also run payrolls for the Construction Industry Scheme providing you with CIS Deduction Statements.
There are many reasons to set up a Limited company. Sometimes it might be as simple as wanting to keep a name from being taken by someone else. As your business grows it might well become tax efficient to trade through a limited company.
If you require a company formation we provide a full Company formation service registering your new company. We provide formations for the following: -
Limited Liability Partnerships
Limited by guarantee
Community Interest Companies
Company Secretarial Services:
Although it is no longer a legal requirement for a limited company to have a company secretary there are still the jobs they would have undertaken such as filing Companies House forms, transferring shares, Annual returns.
We can provide this service to your company making sure that you are able to concentrate on growing your business and the company meets the legal requirements to continue to trade.
We offer a Registered office address so that all Companies House correspondence come directly to us and we can complete and file all required Companies House forms for you.