Accounts and tax returns
Generally, it is a legal requirement to complete annual accounts, no matter whether you are operating as a sole trader, partnership or company. These accounts act as a statement of your financial position and can be used by a variety of parties for a range of purposes. For example, government agencies may use accounts to determine levels of tax.
This is our bread and butter. Our experienced team will cut through the complexities of being compliant on accounting standards, disclosures requirements and filing at Companies House and HMRC. We will:
- Complete year end requirements for the preparation of accounts, no matter whether you are a sole trader, partnership, LLP, charity or limited company
- Prepare business and personal tax returns following on from the final accounts
- Handle your tax matters, including dealing with HMRC
- Supply specialist advice to help you operate at the optimum levels of performance
We are at the end of the telephone, and are contactable by email if you have specific queries.
As part of our annual accounting service we will review the results and highlight key figures to show how the business has performed and how you might improve future results.
Other services include:
Bookkeeping & management accounts
VAT returns, advice on specific areas and registration
Payroll with a comprehensive service providing reports, payslips and workplace pensions
Management accounts, budgeting and cash flow forecasts
Registered office and company secretarial and formation services
Business start up advice and support
HMRC investigations - making sure you pay no more than necessary
Making Tax Digital
The government is due to implement its Making Tax Digital (MTD) initiative over the coming years, which it hopes will create a ‘transparent and accessible tax system fit for the digital age’.
The new regime will see taxpayers move to a fully digital tax system, with businesses and individuals required to register, file, pay and update their information using a secure online tax account.
Businesses will eventually be required to supply up-to-date information in respect of their income tax, VAT and national insurance contributions (NICs). Updates will need to be made at least quarterly.
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