Free Initial Consultation & Fixed Fees
We are happy to discuss your requirements either in person or over the telephone at no cost. We will also advise you of the fees we will charge at the outset and agree these with you based on the various services you opt to take up. The fees will be fixed for a minimum of twelve months and we recommend the payment of fees by monthly standing order as this enables our clients to comfortably spread the cost of their services.
Self Employed Accounts Preparation
We can prepare accounts from your book-keeping records and produce these in the format required by the Inland Revenue and Companies House. We make sure that these are completed accurately and submitted on time so you have peace of mind that you will not be fined.
Payroll Bureau with Related Advice & Support
We are able to deal with all of your payroll requirements including weekly, fortnightly or monthly calculations with payslips. BACS payment support is also available. We also have the advantage of being able to advise on complex PAYE and related matters as we have the support of the accountancy practice as back up.
Management Accounts & Business Support
We can assist you to know where you are, financially. We can prepare monthly or quarterly management accounts based on the information you provide. We can also help with the preparation of report and claims such as government SMART awards and grant applications.
WE can also help you check whether you are entitled to an R&D Tax Credit for work involving innovation. Such claims are surprisingly wide-ranging so you may be entitled to a payment from HMRC - even if you are yet to pay any tax!
Tax Planning for Businesses
One of the areas most often overlooked is the planning with a view to minimising the tax effects on your business. Many businesses will take an initial decision based on the circumstances at the outset but may not revisit the tax position until it is too late. Even things like considering whether to buy a new car through the business or privately, or the best way to purchase capital items need careful consideration. Individuals may wish to consider such planning areas as retirement, the sale of capital items and, an area that is very relevant in the current climate of high property prices, minimising the impact of Inheritance Tax on your dependants after your death. The Inheritance Tax threshold for 2013/14 is only £325,000 and, if your estate is valued at more than this, your dependants will have to pay tax at the rate of 40% on the surplus. If the only asset is the family home, there could be difficulty in settling the tax without the need to sell it.
Book-keeping Services & VAT Advice
We can check the accuracy of your book-keeping records on a quarterly basis and prepare the relevant VAT return. We can also help advise you on the best method of book-keeping for you and your business. Remember that the records you keep are not only there to provide your accountants with the necessary information to prepare your end of year accounts, they are primarily there to help you make informed decisions and see where you stand, financially, at all times. We can assist you in setting up your own in house systems and are happy to provide training and support in the use of spreadsheets or software-based packages such as Xero, Sage and Quickbooks. </