Compliance
Remaining compliant is a key focus of ours and of the highest importance in our work with you. Falling foul of externally set requirements can result in imposed fines, enquiries in to your business affairs and can result in damage to your reputation within the community. You can rest assured that we’ll ensure you are fully aware of your obligations.
Annual Accounts
As required by company law, statutory accounts for a limited company will need to be prepared and submitted to Companies House following the end of the company’s financial year end.
Corporate Tax Return
Personal Tax Return
Confirmation Statement
Company Formation
Day-to-day
Bookkeeping & Administration
Bookkeeping is the beating heart of your business, having a good grip on the transactions is crucial as you’ll have a clear, up to date picture of your income and expenses.
It is good practice to keep your bookkeeping up to date and we’ll help you stay on top of it with our mobile applications.
VAT Returns
Value Added Tax (VAT) is calculated by adding a percentage to your sales and taking a percentage from your expenses – the difference due to or from HMRC. VAT becomes a legal requirement when your turnover is above £85,000.
Payroll
Incredibly important part of the business, ensuring your staff and HMRC are correctly paid and on time is crucial to your success.
CIS
Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. Subcontractors do not have to register, but deductions are taken from their payments at a higher rate if they’re not registered.
P11D
If benefits are provided to your employees, a P11D form will need to be submitted to HMRC detailing the benefits the employees receive.
Auto Enrollment
Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. This is called ‘automatic enrolment’. If you employ at least one person you are an employer and you have certain legal duties.
Cloud Software
We offer a suite of cloud accounting software that compliments your business and the way in which you prefer to operate.
Future Thinking
Management Accounts
Management Accounts provide an up to date snapshot of the financial performance of the business, generally presented as the Income Statement and Statement of Financial Position.
Advisory Services
As part of our on-going work with you – we’ll continually review the market conditions and legislative changes – presenting our findings, conclusions and recommendations to you for consideration and decision making.
Forecasts
Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. This is typically based on the projected demand for the goods and services offered.
Budget
A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
Cashflow
Cash flow is the net amount of cash and cash equivalents being transferred into and out of a business. Cash received represents inflows, while money spent represents outflows.
Review and Planning Meetings
Reviewing company objectives and financials is key to understanding how well the business has performed and helps determine the direction you want the business to go in.
Business Health Checks
A Business Health Check can be referred to as a current comprehensive evaluation of the crucial elements of your business. It involves a comprehensive diagnostic on the busine ways of improving the business.