Business Services

 
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Bookkeeping and accounts

We will set you up with digital record keeping so that everything is tidy and neat right from the start. We provide software at a discounted price, and we'll even give you a digital app to photograph your receipts free of charge! That way there are no panics when things like annual accounts or VAT returns are due. If you are happy with your accounting processes, we can happily pick up from where you leave off, preparing annual accounts and tax calculations from your records.

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Tax returns for the self employed and partnerships

Once the accounts are done, we are ready to file your returns with HMRC. We'll file as early as we are able so that we can tell you in good time what your tax liabilities are going to be for the next year or so. We will also make sure that you claim the most beneficial treatment for any losses the business incurs, and for capital equipement you purchase.

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Company accounts & corporation tax returns

Preparing and filing accounts required by company law is all part of the service when we act for limited companies. Is your company inactive? Dormant accounts are a breeze for us - we file everything online as you would expect from a digital practice.

 
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Management accounts

Monthly or quarterly accounts and an estimated tax figure might be useful to you. We prepare interim management accounts for some of our clients, so that they can manage the business based on up to date financial information. Or just plan for the inevitable tax bill. Talk to us about what you need, and we'll design some reports specific to you; if graphs and pie charts are your thing, leave it to us.

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VAT advice and administration

Should I register for VAT? Do I have to? What do I charge VAT on and what can I recover? We are used to dealing with these questions and more. We can advise you on whether registration would be beneficial and organise registration. We handle VAT for most of our clients but if you’re more of a DIY’er, we can advise on what you need to keep on top of and whether there are any special VAT schemes that would benefit you.

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Payroll services

Weekly, montly or whatever period you need, Liz is ready to work closely with you to take the load of processing payroll off your hands. From simple schemes for a sole director, up to - well, anything you need, including producing payslips and completing P11D forms to report benefits in kind annually.

 
 
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Making Tax Digital (MTD)

You may have heard about HMRC's plans to move pretty much all tax administration online over the next few years. As part of this, all VAT registered businesses will be required to keep digital records and file returns using software from April 2022. From April 2023 all businesses and landlords will join MTD if their income is over £10,000 a year. This means using digital tools to keep your records - which must be kept up to date regularly - and submitting information to HMRC quarterly rather than annually as now.

Rebecca works very closely with HMRC advising them on the impact of MTD on smaller businesses and is probably the best person around to advise you of what you will need to do. As a result of her involvement with the project, we as a firm have developed our services to support those who are either less than confident with IT or who just want to concentrate on their business without worrying about accounting and HMRC.

We can provide you with software at trade price - we will pass on the discount we get from the software company, and we have invested in software that will store all of your business receipts electronically, so all you need to do is take a photo with your smartphone; we provide this free of charge to our clients.

Smartphone and photos too much for you? Don't worry, Harriet will come and collect your paperwork, scan it all and return it neatly filed with dates to keep it until clearly marked.

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Selling your business

If you are ready to sell up we can look at all of the tax angles for you and advise you accordingly. It is a big step and you'll want to be assured that the way a sale is structured gives you access to some of the most generous tax reliefs available. We will advise you, and most importantly make sure that you fully undertsand the implications of the choices available to you.