Services

Tax is one of the two certainties in life, but we believe you should be paying the fairest amount within tax law and will advise you on how to achieve this. Whilst tax evasion is illegal, tax avoidance is not. However there are many aggressive tax avoidance schemes of which we do not advocate as in our experience they are ultimately successfully challenged by HMRC. Nevertheless there remain many legal tax reliefs available and we will endeavor to ensure you are advised of those most appropriate to your circumstances.

We can provide advice on the following:

• Income tax • Capital gains tax • Inheritance tax • Payroll and PAYE • Property taxes • VAT • Employment status • Tax enquires • Trusts • And much more

It is a fact that a driving force behind successful businesses is timely, effective management accounts. These are generally prepared quarterly or even monthly and the advantages include the ability to make pro-active business decisions before it is too late. Business trends can change quickly and an accurate and timely set of management accounts will help to identify areas of financial weakness that can be quickly rectified.
Cashflow analysis and forecasts are also extremely relevant and fall within this ambit. Many potential successful businesses have failed due to lack of cashflow management. It is no good having a great product if you don’t have the finance to produce or maintain it. We have a dedicated team who will be able to provide this service, tailored to your requirements.

We use several modes of accounting software most appropriate to your needs. With the oncoming introduction of “Making Tax Digital”, we are partnered with Xero and can advise you on transferring your accounting system to them if required. We prepare accounts for all sizes of businesses from the sole trader to larger limited companies.

The current VAT registration threshold is sales of £85k on a rolling year. How often have you heard someone complain about having to complete their VAT Return?
We can alleviate this burden for you by either preparing the VAT Return ourselves, or provide assistance to you in preparing the records more effectively
for completion and filing yourselves, plus ensuring you are using the most appropriate VAT scheme.

We prepare Tax Returns for individuals, partnerships, Trusts and limited companies. This annual requirement is often left until the last minute and we will endeavor to ensure your Tax Return is prepared well before the filing deadline.

Even if you employ one person, you are required to set up and operate a payroll scheme no matter how much you pay them. The requirements are extremely onerous as you are required to file monthly Real Time Information (RTI) returns online to HMRC, operate a workplace pension for your employee(s) in most cases and deal with a plethora of employer legislative requirements. We have a team who will be able to provide a payroll service for you with minimum fuss.

• Turnover below £10.2 million • Balance sheet total below £5.1 million • Less than 50 employees

Nevertheless some companies below the above thresholds choose to have an audit for various reasons as an audited set of financial statements carrying an unqualified audit report can enhance the status of the company in the eyes of interested parties, including banks, commercial lenders, potential customers and ultimately acquirers. Contact us today if you would like to discuss a quote for an audit.

We have the experience gained over several years of various business scenarios, including acquiring and selling businesses, business expansion and mergers/demergers. We are able to give an unbiased, objective view of your particular scenario and advise of the most practical solution or next step.