Services

Individuals

- Self-Assessment

Self-assessments are a way of HMRC collecting taxes from individuals who are not on PAYE or have other legal obligations to do so. Failure to return a self-assessment could mean having to pay substantial fines and interest.

The tax year is from 6 April to 5 April the following year.

You may need to send a tax return if, in the last tax year:

• you were self-employed
• you got £2,500 or more in untaxed income, eg from renting out a property or savings and investments
• your savings or investment income was £10,000 or more before tax
• you made profits from selling things like shares, a second home or other chargeable assets and need to pay Capital Gains Tax
• you were a company director
• your income (or your partner’s) was over £50,000 and one of you claimed Child Benefit
• you had income from abroad that you needed to pay tax on
• you lived abroad and had a UK income
• you got dividends from shares and you’re a higher or additional rate taxpayer
• your income was over £100,000
• you were a trustee of a trust or registered pension scheme

We are able to assess your need for a return and take the time, pressure and stress away from you by calculating your tax position and filing on your behalf.

Self-Employed

- Bookkeeping

• Maintaining of all Ledgers
• Processing Sales Invoices
• Issuing Statements to Customers
• Input of Purchase Ledger Invoices
• Reconciling Ledgers to Supplier Statements
• Chasing Up Missing Invoices
• Making Payments to Pay Suppliers
• Trial Balance

- Accounts

• Monthly Profit & Loss Statement
• Annual Profit & Loss Statement

- Payroll

• Weekly, 4 weekly or Monthly Payment Runs
• Calculations of all Deductions including SSP & SMP
• P45, P60 & P11(d) issuing
• Holiday & Pension Schemes Managed
• Emailed or Posted Payslips
• Departmental Reporting
• RTI Submissions to HMRC

- VAT Returns

• VAT Registration
• Flat Rate
• VAT Filing

- Self-Assessment / Tax Return

• Calculating Tax Position
• Filing Return

- Construction Industry Scheme (CIS)

• Contractors
• Sub-Contractors

Companies

- Bookkeeping

• Maintaining of all Ledgers
• Processing Sales Invoices
• Issuing Statements to Customers
• Input of Purchase Ledger Invoices
• Reconciling Ledgers to Supplier Statements
• Chasing Up Missing Invoices
• Making Payments to Pay Suppliers
• Trial Balance

- Credit Control

• Chasing outstanding sales ledger invoices to collect money
• Advising on bad debt and legal collections process

- VAT Returns

• VAT registration
• Flat rate
• VAT filing

- Payroll

• Weekly, 4 weekly or Monthly Payment Runs
• Calculations of all Deductions including SSP & SMP
• P45, P60 & P11(d) issuing
• Holiday & Pension Schemes Managed
• Emailed or Posted Payslips
• Departmental Reporting
• RTI Submissions to HMRC

- Cash Flow Statements

• Cash flow from operations
• Cash flow from investing activities
• Cash flow from financing activities

- Management Accounts

• Monthly Profit & Loss
• Monthly Balance Sheet
• Budget & Variance Analysis
• Forecasts

- Year End Accounts

• Balance Sheet Reconciliations
• Statemenet of Financial Position
• Statement of Comprehensive Income

- Corporation Tax

• Determining the most tax effective structure for your business
• Taking full advantage of tax opportunities and reliefs
• Achieving the optimum capital or revenue tax treatment
• Reducing tax on disposals and maximising relief on acquisitions
• Making the most of tax opportunities specific to your industry
• Calculating final tax bill
• Filing company tax return

- Companies House

• Annual return filing
• Annual accounts filing
• Company secretarial duties