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COMPANIES

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For many businesses it is advisable, particularly in the earlier years, to engage professional accountants to deal with the day to day accounting and reporting needs. We provide our clients with the full range of services to assist directors in fulfilling their obligations to report on the financial position of the business. Our services will allow you more time to do the things for your business that only you can do.
 
There are some advantages to running your business as a limited company instead of being self-employed. You have limited liability for the debts of the business; this is usually limited to the amount of capital you have put into the business, and does not extend to your personal assets.

 

Running your business as a limited company in many cases is the most tax efficient way of working. All limited companies, whether trading or not, must keep accounting records and file accounts for each accounting period with Companies House. Directors are personally responsible for ensuring that accounts are delivered, and can be penalised if the annual accounts are delivered late. Companies have a duty to calculate and pay corporation tax on their profits. Businesses may need to register for VAT and prepare VAT returns, as well as account for any VAT that may be due.

 

 

 

Office Building

We can help you in forming your company, registering you for VAT and PAYE; assist you with the preparation of your statutory accounts, corporation tax return, VAT returns and help you to understand all current reporting requirements.

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Strategic advice

 

We can provide a tailored range of business consultancy services and strategic advice to help our clients in meeting their objectives.

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These services include:

 

  • preparation and/or review of business plans

  • assessing working capital needs

  • cash flow projections.

 

VAT

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Ever changing regulations and the growing demands of HM Revenue & Customs mean VAT compliance can be a difficult administrative process. To help you to manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

  • assistance with VAT registration

  • advice on VAT planning, administration and use of the most appropriate scheme

  • preparation and submission of VAT returns.

 

Payroll/RTI reporting

 

PAYE (Pay As You Earn) is the system that HM Revenue & Customs (HMRC) uses to collect Income Tax and National Insurance Contributions (NICs) from employees’ pay as they earn it. Under the new Real Time Information PAYE, also known as RTI, you are required to report to HM Revenue & Customs every time you pay your employees.

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Provide a full payroll service:

  • payroll processing 

  • completion of all statutory forms, including year-end returns

  • electronic payslips

  • submission of a new employee and leaver information to HMRC

  • monthly reports detailing the pay produced.

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