If you’re managing your own business, days are often long and finding time to look after your accounts and tax affairs can be difficult – seeing an accountant is probably bottom of your list of things to do. But if you’re just starting out, or feel that you need a bit more support, we can offer advice in setting up your business, areas of compliance to consider, how best to get started and where to go from there. The first consultation is free and, if you engage with us, we’re always around to help with questions and advice. By letting us do what we do best, we can free up some of your time to do what you do best!
Our services include:
- Company Incorporation
- Financial Accounts
- Corporation Tax
- Personal Tax Returns
- Management Accounts
- Business Planning
- Company Secretarial
Incorporating Your Company
There are a number of online services that you can use to incorporate a company and the wizard approach is really pretty easy to follow through but if you prefer for us to take this on, we’re more than happy to help. You usually get the details back next day, so a quick phone call to us and you could be a company director by this time tomorrow!
The one off fee is £50 plus VAT which includes the registration fee.
Financial Accounts and Corporation Tax
There is no avoiding the need to prepare and file accounts & tax returns each year, but we’ll do what we can to take the strain. Accounts and corporation tax returns need to be filed within nine months after the company year end.
We operate an RTI compliant payroll system that will maintain PAYE records on a weekly or monthly basis with electronic payslips for each employee, monthly or quarterly reporting of any PAYE/NI liabilities and annual reporting in accordance with HMRC’s requirements. If pension is required, we can manage the creation, reporting and payments for that too.
Beyond that, we will advise you of the most tax efficient salary depending on your personal circumstances and will keep this under review as the year goes on.
We use MTD compliant software to manage your VAT returns – we’ll be in touch each quarter and can either update your books for you or work with you on your own systems to review and file VAT returns.
Not everyone’s favourite job but luckily, we love it! We’ll keep everything neat so VAT quarters and annual accounts are not such a daunting thought.
Whether you’re a contractor or sub-contractor (or both), we’ve got it covered. Sub-contractor tax returns and rebates can be managed online.
Personal Tax Return
There are lots of reasons why you might need or want to file a personal tax return – we have loads of experience to call on if you need some help.
Management Accounts and Business Plans
You might need a snapshot of where the company is or maybe you’re looking at planning the next investment – we can make sense of the data and provide you with easy to understand reports. Your plans will always be your ideas but we can help you to position them as a business plan for your use or for investors.
Company Secretarial Service
If you are able to regularly receive post at the company’s registered office address and act on it, you probably don’t need this service, but if you are working away from home for a long period of time or if you don’t want your personal address to be available to people searching Companies House, we can provide a secure registered office address for all official correspondence (and junk mail).
And in addition to the requirements of filing accounts and a corporation tax return, a company director also has secretarial responsibilities with Companies House. These include:
- Maintaining the company record – so any change in company details have to be submitted to Companies House at each change;
- Filing a confirmation statement – details of the Company’s registered office, directors’ details, Persons of Significant Control, shares and shareholding etc are to be kept up to date annually;
All the low level life chores on a limited company – including accountant’s references or completion of National Statistical surveys – are covered by a small monthly fee.