We are general practice accountants and our services include

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Business Start-ups, business plans and projections

If you want to start a business because you are an entrepreneur with a great idea and the vision to realize it, we are here to help you.

We want you to focus on what you do best – building your business – while we provide all the necessary background support.

Here are just a few of the ways we can help you get started:

  • Preparing a comprehensive business plan
  • Determining the best structure of your business: sole trader, partnership, limited liability partnership, or limited company
  • Where appropriate, assisting with company formation and company secretarial duties
  • Registering your new business with the H M Revenue and Customs
  • Establishing relationships with banks, insurers, etc
  • Preparing cashflow projections and assessing your needs
  • General bookkeeping, VAT, and payroll duties
  • Tax planning
  • Management accounts
  • Annual accounts
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Customised Computerised Bookkeeping and Accounts Preparation and periodic management accounts

The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping and accounting.

That is something we can do for you, either at your office or at ours.

We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations.

But we do not stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:

  • Cashflow
  • Profitability
  • Performance ratios

In addition we can also relieve your staff of the burden of preparing:

  • Payroll administration
  • VAT returns
  • Bank reconciliations
  • Annual accounts
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Corporation Tax

Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:

  • Determining the most tax effective structure for your business
  • Taking full advantage of tax opportunities and reliefs
  • Achieving the optimum capital or revenue tax treatment
  • Reducing tax on disposals and maximising relief on acquisitions
  • Making the most of tax opportunities specific to your industry
  • Meeting the rigorous demands of compliance including corporation tax self assessment
  • Acting on your behalf in discussions with the tax authorities
  • Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
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Personal Tax

Whether you are a seasoned professional, or dipping your toes into the world of self-employment for the very first time, the one thing that you have to be mindful of, which comes round every year without fail (sorry, we’re not talking Christmas here) is the completion of your (online or paper) tax return.

The tax year always runs from 6 April – to 5 April the following year with the first payment made on the 31st January, then the second by 31st July.

If you would like us to help with your self assessment, we will:

  • Carry out all the necessary calculations
  • Complete your tax return
  • Deal directly with HM Revenue & Customs on your behalf and should you be selected for a self assessment enquiry, act for you throughout this process
  • Offer advice on how you can legitimately minimise your tax liability.
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Payroll and CIS

Payroll management is a crucial part of the day-to-day running of any business but it can be very time consuming, with the added pressure of accruing additional penalties should you not comply.

Our Payroll service includes:

  • Administration of incentive schemes, bonuses, and ex-gratia and termination payments
  • Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
  • Completion of statutory forms, including year end returns (i.e. P60s and P11ds), to issue to your employees and submit to HM Revenue & Customs
  • Customised payslips
  • Dealing with the new Real Time Information (RTI) requirements
  • Registration with HM Revenue & Customs as an employer
  • Summaries and analyses of staff costs.

What is Real Time Information?

On 6th April 2013, Real Time Information (RTI) was a new system introduced by HM Revenue & Customs (HMRC) for the reporting of payroll information

It requires employers and pension providers to submit detailed information to HMRC every time employees are paid rather than through the year end return. Under RTI, the employer is required to submit online details of earnings and the tax and NIC deducted, whenever a payment is made to an employee.

 

If you have contractors working under construction industry scheme, We will assist you to comply with your reporting obligations.

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VAT

Value added tax is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay VAT.

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! We provide an efficient cost effective VAT service, which includes:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Planning to minimise future problems with Customs and Excise
  • Negotiating with Customs and Excise in disputes and representing you at VAT tribunals
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Tax Inquiries and Investigations

When HMRC opens a tax enquiry into your tax affairs you will be advised by letter and are normally asked to provide them with a range of business records and also formal or informal meeting with you.

You can be assured that we will negotiate with HMRC on your behalf to minimise any direct contact with them during your enquiry. This will hopefully relieve some of the stress of being involved in the process as it can be tense and worrying.

We will negotiate with HMRC during your enquiry to calculate any additional tax due and discuss fair HMRC tax penalties.

If you do owe additional tax you will be liable for a tax penalty but it is our job to ensure that this is as low and as fair a penalty as we can. If you do not owe HMRC a penny then we will prove that!

We cannot stress enough the importance of appointing a professional tax enquiry adviser, like ourselves, to deal with your enquiry, as we have many years’ experience in this area.

If we feel that HMRC is issuing incorrect assessments during your enquiry, we will appeal against them on your behalf and we will never agree a tax settlement if it is not legal and enforceable.

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Automatic Enrolment

By the end of 2018, a staggering 1.3 million companies will have had to implement a compliant pension scheme for their employees. We’ve put together a brief outline as to what Automatic Enrolment is and what is required of you as an employer.

What is automatic enrolment?

Automatic Enrolment will place new responsibility on you to automatically enrol your workers into a work based pension scheme. This will entail:

  • Assessing the types of workers in your business
  • Providing a qualifying Automatic Enrolment pension scheme for the relevant workers
  • Writing to all applicable workers outlining what Automatic Enrolment into a workplace pension will mean for them
  • Automatically enrolling all ‘eligible jobholders’ into the scheme and paying employer contributions
  • Registering with The Pensions Regulator and be responsible for keeping records.

When does Automatic Enrolment apply to an employer?

The law came into force for very large employers on 1 October 2012. The Automatic Enrolment rules have been staggered so that the implementation starts with businesses that have the largest number of employees first.

The table below outlines how the staging dates will work. From this, an employer can work out when the Automatic Enrolment rules will have to be applied as the implementation date (or ‘staging date’) is set by reference to the number of persons in an employer’s PAYE scheme on 1 April 2012.

Registering with The Pensions Regulator and keeping records

An employer must register with The Pensions Regulator within four months of the staging date and the registration process requires the employer to do the following:

  • Confirm that they have followed the correct auto enrolment procedures
  • Provide an assortment of information including the number of eligible jobholders enrolled.