We provide services in the areas of accounts, tax compliance and tax advice, audit, bookkeeping services and banking advice.
Our team are highly trained with experience in advising on a range of accounting software. We are a Xero partner and Sage accounting partner.
We can provide you with training and support in using the software and offer advice and cover whenever you need it most ensuring that the accounting function always runs smoothly regardless of the staff changes and absences.
If your time is stretched, we can help with providing a full bookkeeping service for you including preparation of your VAT returns.
Whether you do your own bookkeeping or we do it, we can provide periodic management accounts as necessary. Banks sometimes require management accounts as a condition for lending.
Preparing annual accounts for your business in compliance with the new financial reporting statement 102.
It applies to small limited companies with effect from accounting periods beginning 1st January 2016 onwards.
Tax Compliance Services
We explore the best options to help manage your tax obligations
Changes in tax legislation are happening all the time by budgets, HMRC announcements and court cases. What was good advice last year does not necessarily follow as being good advice this year.
We advise individuals, businesses and employers on tax
Dealing with past events requires tax returns submissions which come under the heading of tax compliance work.
Here we prepare an individual’s self-assessment return ensuring that all relevant information on a person’s income is disclosed and appropriate reliefs can be claimed where possible.
Advance notice of intending transactions can enable matters to be structured in a way that accomplishes the objective in the most tax-efficient way in compliance with tax law.
For sophisticated investors who can understand the risks involved, investing in startup companies which qualify can secure a Seed Enterprise Investment Scheme relief. Another valuable relief is the Enterprise Investment Scheme (EIS).
For companies, we provide tax compliance, planning and investigation services
It is important to prepare tax returns that are fully compliant with HMRC’s requirements whilst ensuring no more tax is paid than needs to be paid.
We can provide you with the tax consequences of any planned transactions which it is best to know about before it is entered into.
When a business is set up, the owner can quite reasonably expect the following advice
- Is it the right business structure for you? These can be sole traders, partnership or a company.
- Is the business going to be 100% owned by you or with others?
- Is the tax cost suffered by the business managed to secure maximum tax relief and minimal personal taxation?
- Is the business to be VAT registered or not, or is any scheme better than the standard one?
As a business owner, you face an ever increasing burden in terms of tax and regulatory compliance associated with payroll.
We are able to provide a fixed quote for our payroll services once we know the numbers of employees and the pay period which is used commonly.
Connected to the payroll process, we can assist you in managing employee benefits and expenses and undertake the preparation of the P11d forms to support those benefits following the end of the fiscal year.
You can reduce the burden of administering your employees’ payroll by outsourcing the process to us
- We can, using our payroll software, operate your payroll given the names and salary details each pay period so that the correct PAYE and National Insurance contributions are deducted.
- We can provide Real Time Information (RTI) to HMRC.
- We can issue either paper pay slips or online pay slips to your employees together with the year end P60 forms.
- Provide you with a monthly payroll report with the total deductions for PAYE and National Insurance.
- Deal with leavers and joiners in the pay period.
We are registered to carry out audit work in the UK and Ireland under the Institute of Chartered Accountants of England & Wales. Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C001192607.
Companies of a certain size are required to have a statutory audit. This subjects to the accounts and bookkeeping records to International auditing standards which, although are prescriptive, do require judgement by us as auditors.
We need to compile evidence that the accounts are true and fair and express an opinion of them following the completion of our audit work.
Some companies, which are below the limits for having a statutory audit undertaken, can request that an audit is done in compliance with International Auditing Standards to get an independent view on the truth and fairness of the accounts.
We undertake both kinds of audit for SME clients.
We are required to report on management on what is working well and what is not in a formal management letter.