Other Services

Bookkeeping

This means keeping a record of your business transactions on a spreadsheet package or in accounting books. All businesses are required to keep accurate and up to date records including details of sales, purchases, and expenditure.

We offer accurate and efficient bookkeeping services for a low monthly fee and this includes:

• Helping you to manage and control the finances of your business
• Helping with planning for future growth of the business
• Helping to ensure that your accounts are completed efficiently
• We will explain what records are required and providing that you supply them to us in a timely manner

Accounts

These are financial reports that are based on bookkeeping records. Most businesses will have their accounts completed on an annual basis to comply with their obligations to HMRC.

The year-end accounts provide invaluable information about your business and are particularly useful.

Whether you are a sole trader, limited company or in a partnership, letting us prepare your year-end accounts will relieve you of what can be an extremely stressful and time-consuming exercise.

A complete and accurate set of accounts is beneficial for all businesses because they show a true picture of the business's financial position and ensure that the correct amount of tax is calculated for payment to HMRC

Preparing financial accounts for limited companies remains one of our main activities and their production is essential to ensure that our clients comply with legislation.

Self Assessment Tax Return

A tax return is a form that is sent to HMRC annually on which a person or company declares its taxable income along with chargeable gains.

Tax Returns are issued to people with complex tax affairs, but also to individuals who receive: Income from self-employment, from a partnership business, from Rent, from land or property Income, from overseas and Other income which is received gross (without tax deducted).

Self assessment involves completing a tax return each year, showing your income and claiming tax allowances. Not everyone needs to complete a tax return as you may already pay all the tax due on your earnings through a tax code or PAYE (Pay As You Earn).

You certainly need to complete a tax return if you are:

• Self-employed, including being a member of a partnership
• A company director
• A trustee
• Receiving foreign income
• Registration with HMRC is required prior to Tax Services as you will be sent a Unique Tax Reference. You will usually receive a letter from HMRC every year in April telling you to complete a tax return and advising you of any deadlines that occur. If you are a sole trader or business partner you may need to pay Class 2 National Insurance Contributions or register for the Construction Industry Scheme or for VAT
• Accounts are initially compiled to produce the figures for a tax return. The tax return will include a tax calculation which takes all of the information provided into consideration to produce the tax liability due to HMRC. If you chose to file your Tax Return on paper, you must submit it by the 31st October. Alternatively, online returns must be submitted by 31 of January
• If your affairs are more complicated, or if you are a director of a limited company, you need to complete and file a full tax return. The form is more complex with a number of different supplementary sections that may need to be completed, depending on your circumstances

Tax return (General)

We will:

• Calculate your final tax liability
• File the return online
• Liaise with you on the amounts to be paid and when they are due
• Check if any Tax Savings can be made
• Review any anomalies and address them before submission to help minimize the risk of enquiries in your tax affairs
• Give you a fixed, competitive price
• Take the worries away and allow you to concentrate on running your business

Tax Investigations

Being the subject of a tax investigation by HMRC can be a stressful and worrying experience.

We have a wealth of experience in dealing with investigations, whether they are enquiries into an individual's Tax Return under the Self Assessment regime, investigations into PAYE and P11d compliance, or Corporation Tax.

If you are about to be the subject of an investigation, we can provide expert help and support.

Payroll

If you run a business and employ staff, then we will help you with your payroll.

We can release the burden of needing to understand changing legislation relating to employee tax codes and personal allowances.

Our payroll service includes all payslips, starter/leaver forms and all necessary end of year filing.

As part of our Payroll services, we carry out the following:

• Automatic calculation of PAYE and NI contributions
• Submission of PAYE and NI contributions to HMRC
• Administration of statutory sick pay, maternity pay etc
• Customised payslips for your employees
• Completion of your Annual Returns
• Pensions Regulator Declaration Submission
• For a free quotation, please contact us

CIS (Construction Industry Scheme)

Returns must be completed by contractors, on a monthly basis, to show sub-contractor payments. Contractors need to provide monthly Payment and Deduction statements to sub-contractors, to show the amount deducted.

We provide CIS tax return service for construction contractors who are registered on the Construction industry scheme.

If you are not yet registered under CIS we will help you register.

We will complete your CIS tax return, informing you of how much tax you owe HMRC or how much money HMRC may owe you, ensuring that you pay the correct amount of tax.