Accounting
Incorporation Service
We can help you to decide if incorporating your business is the best move for you, if so, we’re also here to help you with the process.
The benefits of incorporating your business:
- Protect Your Personal Assets
- Have Easier Access to Capital
- Enhance Your Business’ Credibility
- Perpetual Existence
- Tax advantages
If your business is already incorporated, we can assist you in restructuring your company or help you with the documents that you need to submit to the Regulatory Authorities.
Business Plans & Cashflow forecasting
If you are looking to buy a business or secure additional funding, a business plan and the associated financial forecasts are essential to present your case in the best possible light.
A professional approach in its preparation and presentation is a key ingredient to ensuring that you achieve your objective.
Our team is well placed to assist you in this exercise.
Franchises
A “franchise” is essentially a business opportunity that allows an individual to acquire a right to utilise an established business’s methodology and intellectual property.
There are a growing number of individuals who decide to acquire a Franchise as opposed to buying an existing business or setting one up from scratch. The reasons for doing so are numerous and diverse. Most considering the Franchise option have not previously been in business in their own right and see this as a stepping stone into self employment. The belief being that an established brand with a tried and tested methodology poses the safest option.
We can act for you in evaluating a potential franchise opportunity and provide recommendations. With our extensive financial contacts, we can even arrange the necessary funding for you, subject of course to your own personal circumstances.
Business Start-Ups
Starting a business can be complicated and overwhelming. We’re here to take away some of the stress and give your business the best possible chance at success.
We will help you to evaluate your business ideas in a clear, easy to understand and constructive way. We can also help you:
- Decide on the most suitable structure for your business – sole trader, partnership, limited company or Limited Liability Partnership
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and prepare necessary proposals
- Establish relationships with banks, solicitors etc through our well-established network of contacts
- Carry out registration procedures with Companies House and HMRC
- Deal with company secretarial issues
- Advise and assist with the set-up of an appropriate internal accounting system complying with statutory requirements
Subcontractors & Sole Traders
We recognise that many individuals decide to start a small business of their own and dealing with the mine-field of paperwork to keep on top of tax and other regulatory requirements can be quite daunting.
Let us help you manage this entire process. Our range of services are tailor-made to your specific business needs and designed to allow you to focus on your business.
Year End Accounts Preparation
Preparation of year end accounts can be time consuming and it can be a struggle to meet the deadlines. We’ll help you to you meet your deadlines and avoid any fines from HMRC or Companies House. We ensure your accounts accurately reflect your business and we’ll suggest where improvements and savings can be made.
Our year end accounts preparation include:
- Preparation of statutory financial statements and year-end accounts for companies
- Preparation of annual year-end accounts for sole traders and partnerships
- Preparation, review and analysis of management accounts
- Preparation of financial forecasts including cash flow and profit projections
Book-keeping & Payroll Services
Book-keeping
Outsourcing book-keeping can allow business owners more time to focus on their business.
Our book-keeping services will enable you to make strategic decisions to help your business succeed.
We offer flexible bookkeeping services tailored to your business size.
Payroll
We’ll make sure your employees are paid accurately and on time, every time. Our Payroll solutions are fast, efficient and require minimal input by you. We cater to all business sizes and scale to fit with your particular business needs.
Our payroll services include:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of weekly/monthly statutory forms to submit to HM Revenue & Customs under the new Real Time Information regime
- Construction Industry Scheme (CIS) returns
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
- Managing the submissions to your pension schemes and ensuring compliance is maintained
- Auto Enrolment
Taxation
Tax Planning and advisory services for Cryptocurrency
We are well placed to advice you on the tax implications of your Cryptocurrency portfolio. Whether you simply hold tokens in a Wallet or have invested in Nodes or other esoteric solutions which have the potential to generate income, we can recommend options to mitigate the tax implications.
HMRC Investigations
Being under investigation by the HMRC can be disruptive to your business and could also end up being very costly too.
If you are about to be the subject of an investigation, we will liaise with HMRC on your behalf and can offer expert help and support.
Capital Gains Tax
If you sell a Capital Asset (such as a property or shares in a business), you may be potentially liable for capital gains tax. Planning is essential to minimise the amount you have to pay.
We work with you to utilise reliefs available to minimise any CGT liability arising and plan for any future liabilities.
A professional approach in its preparation and presentation is a key ingredient to ensuring that you achieve your objective.
Our team is well placed to assist you in this exercise.
Inheritance Tax
Inheritance tax is payable to HMRC on money or possessions you leave behind when you die, and on some gifts you make during your lifetime. Protecting against this tax allows individuals to pass on more of their assets to future generations. We work with clients to mitigate their inheritance tax liability through offering the right advice and careful planning.
We can work in partnership with you to:
- Plan ahead and review your will(s) so they are drafted in a tax-efficient way
- Assist if you own assets overseas, or are a UK resident non-domiciled individual
- Help you consider alternative structures for holding assets to reduce IHT liability e.g. trusts or personal investment companies
Tax Refunds for Commercial Property
Many commercial property owners are unaware that they may be entitled to claim tax relief in the form of Embedded Capital Allowances.
We help you identify and determine your potential tax relief. There is no requirement to change your current Accountant, we can work along side them to determine this claim.
The benefit to you is :
- We only charge you a fee once your claim has been approved by HMRC;
- We do all the work and prepare the necessary report to evaluate your claim without taking up too much of your valuable time;
- You can remain with your existing Accountant
To find out if you have a claim please complete our one page pre-assessment form and email it to us. It should take you no more than 5 minutes. Please contact us for a copy of the Form.
VAT
If your annual turnover exceeds a certain limit (for 2024/25 this limit is £90,000), you are mandatorily required to register for VAT. Failure to do so will result in penalties.
We can help to ensure that you comply with the changing requirements of VAT and that you avoid unnecessary penalties. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- Assistance with VAT registration
- Preparation and submission of VAT returns
- Advice on VAT planning and administration
- Use of the most appropriate scheme
- VAT control and reconciliation
- Help with completing VAT returns
- Planning to minimize future problems with HM Revenue & Customs
- Negotiating with HM Revenue & Customs in disputes and representing you at VAT tribunals if necessary.
Corporation Tax
All limited companies in the UK are required to submit a Corporation Tax return to report their profits or losses. If you fail to complete such a return, you will receive a penalty.
We can prepare tax returns in a timely and efficient manner. We will also calculate your company’s tax liability, if any, and assist with the calculation of any instalment payments. We will also provide advice on how you could do things better to make life easier for you and hopefully minimise the amount of tax you have to pay.
Self-Assessment Returns
We can assist you in becoming fully tax compliant and making sure you don’t over pay tax. By working with you to submit your tax return accurately and on time, we can also help you avoid HMRC penalties for late or inaccurate submissions. We can even offer advice on how you can minimise your tax liability.