Annual Accounts/Tax Returns
Annual accounts are required, not only for HM Revenue & Customs (see Self Assessment Tax Return section), but also for other financial institutions, eg, banks and mortgage lenders. We use the latest accounting and taxation software to ensure that your accounts are prepared quickly and efficiently and are presented in a professional manner to accurately promote your business.
Business Incorporation
For many business's, the simple change of trading status from a sole trader or partnership to a Limited Company can produce significant tax and national insurance reductions. The following are a range of savings achieved in 2008:-
|
|
Net Profit £ |
Tax /NIC Saving £ |
|
Company 1 |
249,634 |
27,460 |
|
Company 2 |
169,242 |
18,617 |
|
Company 3 |
71,558 |
7,871 |
|
Company 4 |
55,037 |
6,054 |
|
Company 5 |
45,788 |
5,110 |
|
Company 6 |
38,325 |
4,337 |
|
Company 7 |
31,009 |
3,442 |
|
Company 8 |
24,060 |
2,896 |
VAT Returns/Management Accounts
We can maintain your business records on a regular basis and prepare your VAT Returns to comply with HM Revenue & Customs legislation. Most HM Revenue & Customs inspections can be carried out at our premises. In addition, we can prepare periodical management accounts to enable you to monitor your business performance and to quickly assess any areas of your business which may require attention.
Payroll Processing
We offer a comprehensive payroll service producing weekly/monthly wage slips and dealing with SMP, SSP and working family's tax credit. Monthly remittance payslips for the Inland Revenue are automatically produced as are the end of year employer and employee forms P35 and P14. We can also assist with the new CIS requirements from 6 April 2007.
Business Start Up
We offer business start up advice to include HM Revenue & Customs registration, business valuation, taxation planning, banking contacts and other areas of expertise.
Business Contacts
From our many years of business experience, we have numerous contacts to assist you with all aspects of your financial and business requirements. Some of these are listed under are LINKS page.
