Do you need an accountant?
Whether you are a sole trader, a partnership or a private limited company you are required to keep accounting records.
Some businesses may require assistance in day-to-day bookkeeping, or completing a set of annual accounts and some may choose to have their annual accounts audited.
In addition, private limited companies have to calculate the corporation tax due on the company’s profits each year and businesses registered for VAT are required to file periodic VAT Returns.
If you employ staff you will also have an obligation to pay wages, deduct income tax and national insurance contributions and provide a work place pension scheme.
If you would like to discuss how we could provide support to your business, request an initial consultation here.
Annual Reports & Corporation Tax Preparation
All businesses need some form of annual accounts. We can prepare your annual accounts and Tax Returns in a clear and straightforward manner, accurately illustrating the true and fair value of your business and the net profit or loss for the financial year.
The size and nature of your business can often determine the amount of reporting required to comply with the appropriate accounting standards. We will take time to understand your business and ensure the relevant standards are met.
We can prepare annual accounts for businesses to be used internally as well as to be filed with Companies House.
Day to day record keeping can be tedious and time consuming. We have the expertise to maintain your business records, ensuring you have the information necessary to operate efficiently.
We can also provide you with cash flow analysis, budgets and other financial analysis to assist you in your decision making.
If you would like assistance with your bookkeeping please contact us.
Payroll Agent Services
Our skilful team has experience dealing with routine payroll and year-end compliance, as well as more complex issues such as payroll exemptions, PAYE settlement agreements and employer-related securities.
We can manage your payroll and, if you choose to pass your payroll to our experienced team, we take on your payroll responsibilities to ensure that your employees are paid accurately and on time. We will also ensure that all appropriate submissions are made, providing you with peace of mind and leaving you free to concentrate on other aspects of your business.
We keep up to date with the changes in payroll procedures, employment law and taxation rules and ensure you are provided with a clear explanation of how and why any changes impact your business.
If you require assistance with your Payroll please contact us.
Value Added Tax is seen by many as one of the most challenging obligations imposed on a business. As a consequence, it is not uncommon for businesses to unknowingly overpay or underpay their VAT.
Our team are proficient in the field of VAT and filing VAT Returns. We will ensure the most efficient method for filing your VAT Returns is used and that the Returns are filed accurately.
If you require assistance with your VAT Returns please contact us.
Key Dates and Deadlines
Corporation Tax Return
9 months and 1 day after the end of the accounting period (companies with profit of less than £1.5 million).
Large companies (profit of more than £1.5 million) are required to make quarterly instalments starting from 6 months and 13 days after the first day of the company’s accounting period.
- P60s to be issued to employees
- P11Ds to be issued to employees
Class 1A NIC
- Payment due
- 1 month and 7 days after the end of the accounting period