Town End Lane,
Tel: (01484) 607211
Fax: (01484) 606499
From your source books and records we will prepare your annual accounts that will form the basis of your tax return, whether you are a sole trader, partnership or limited company. They will also be invaluable for providing information about your business to financial institutions for example for mortgage applications. We will endeavour to advise you on ways to strengthen your record keeping that will assist you in meeting your statutory obligations and managing your affairs.
If you require advice on completing your self-assessment return or require us to complete it on your behalf, we have wide ranging experience in this area. We will give you guidance on areas in which we consider you could legally avoid tax and guarantee to regularly inform you of your tax payable, if any, in advance of deadlines.
We will liase with the Inland Revenue on your behalf and ensure you are left to run your business with the minimum of compliance hassle.
UK Corporation Tax Advice
UK corporation tax is payable on limited company profits and gains. We can assist you with corporation tax calculations, and corporation tax returns. We will advise on the advantages and disadvantages of incorporation including the Companies House requirements and deadlines. Due to recent changes in UK tax legislation, it can now, in many cases, be more beneficial for sole traders to incorporate their businesses. We will offer specialist advice on this area.
UK Capital Gains Tax Advice
If you are a small business owner or individual considering selling an asset or business, we can advise on any reliefs that may be available and of the possible capital gains tax charges that may arise.
In addition will be able to recommend more beneficial ways of planning your affairs to reduce any potential tax liabilities.
There are three main reasons for needing accurate records of your income and expenses:
Business Planning / Cashflow Projections
We can provide assistance to individuals and businesses on preparing business plans, cashflows, budgets and business projections as and when required. These are typically needed by loan providers if you are intending to borrow money. Cash flow projections and budgets can also assist in the successful running of your business and with financial planning and decision making.
As a UK business you have a responsibility to correctly account for Income Tax and National Insurance on all staff you employ. We can administer your payroll on your behalf, provide payslips, complete monthly reviews and advise you of the payments due to the Inland Revenue, together with the year end procedures for the P35, P14s and if required, forms P11D.
Value Added Tax
If you are a VAT registered UK business we can complete your calculations for VAT returns from your own records or provide a bookkeeping service to enable the VAT returns to be completed efficiently. If you are approaching the registration thresholds we can advise on your obligations and assist you in registering with Customs & Excise. Additionally, we can advise on special VAT schemes and methods to minimise your liabilities.
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