Our Services
Accountancy
- Management reports and accounts
- Budgets and cash flows
- Annual accounts
- Company secretarial
- Self assessment and income tax returns
Corporation Tax
- Corporation Tax computations
- Benefit-In-Kind computations
- Completion of Corporation Tax returns
- Completion of P11D & Class 1 NIC returns
- Dealing with all Inland Revenue correspondence
PERSONAL TAX
- Tax computations
- Completion of Self Assessment Tax Returns
- Dealing with all HMRC correspondence
- Tax Savings
- Dealing with all Inland Revenue correspondence
PAYROLL
If you have staff, you need payroll. The hassle of fulfilling all legal obligations such as keeping adequate records, applying correct tax codes, RTI submissions, auto-enrolment pension, GDPR, completing your payroll year-end, P11D reporting, etc can be a real headache. You will simply tell us how much you want to pay to your employees and we will do all the calculations and submissions, and advise you the net amount to pay each employee. Also, we will advise you how much you need to pay to HMRC and how much to pay for pensions. We offer a comprehensive payroll service which includes the following: 1.Calculating PAYE tax and national insurance 2.Providing you with pay statements 3.Submitting monthly and annual returns to HMRC 4.Handling pensions 5.Submitting P11D returns, which is used to report any kinds of benefits. For example, these may be products or services received by your employees from your company on top of their salary, such as company cars, health-care or interest-free loans, etc.
BOOK KEEPING
Keeping on top of admin is one of the hidden costs to a business. Compiling papers, updating your books and carrying out reconciliations is not a great use of your valuable resource time. If you are wasting time and money doing your bookkeeping in-house, even if it’s just a few hours a week, surely it would be better to spend that time elsewhere. Accounting records must be kept by all businesses. We help you to adhere to this requirement by providing a full bookkeeping service. Although we expect you to raise your own invoices and do your own payments, our bookkeeping service ensures that every payment, receipt and expense goes in the correct place on your accounting software. Our comprehensive, no-nonsense approach to bookkeeping is tailored specifically to each client’s unique accounting needs. Whether you are just starting up, or have been in business for a while, our goal is to streamline your bookkeeping operations and put fool-proof accounting systems in place, enabling you to focus on growing your business.
YEAR END ACCOUNTS
Whether you are a sole trader, partnership or limited company, year-end accounts provide invaluable information about how your business has performed during the year and its financial position. The accounts provide information that will support future decision making, are often required to secure funding for your business and are a key filing requirement for Limited Companies to HMRC and Companies House. For sole traders and partnerships, year-end accounts will form the basis of the business owners’ self-assessment tax return and also provide details of each partners capital account. Example Company has extensive experience in producing year end accounts and can offer a complete package and hassle-free service. Way before the legal deadline, you will have your year-end statutory accounts and corporation tax return completed and filed at Companies House.
VAT REGISTRATION
VAT is a complicated and often confusing area of business, often with many changing regulations and various rules. Currently, limited companies and sole traders with a taxable turnover of £85,000 per annum must register for VAT to comply with UK law, and failure to do so could result in fines.
If your turnover is approaching the VAT registration threshold, we arrange the registration quickly. We then check to see if VAT is reclaimable on purchases made prior to the registration date.
We can help you with Special Schemes such as Cash Accounting, Flat Rate Scheme, Annual Accounting and Retailers Schemes. We also provide advice on VAT implications of buying, selling or developing property.
As with other areas of tax, we can act as your Agent for VAT purposes and do correspondence with HMRC on your behalf.
VAT RETURNS
We will complete and file VAT returns for you whilst making sure that you are claiming for every little bit of VAT you can get back too. VAT returns shouldn’t be a headache for you while we are there!!
Needless to say, late VAT registration, errors, late VAT returns filing and late VAT payments can all lead to penalties. So, allowing us to take care of your VAT compliances, not only gives you peace of mind, but it also helps you from wasting your money on penalties and interest.
Get in touch with our experience team today to understand how we can support and advise your business on VAT and potential schemes available to you.