Many taxpayers struggle to understand fully their tax returns or fail to complete them correctly.
In the first year of ‘self-assessment’ over three quarters of a million people received £100 penalties for failing to submit their returns on time with over 400,000 still not submitting six months later!
We can complete and electronically submit on your behalf your tax return.
We receive a written receipt from The Inland Revenue which is dated and timed – so no more lost in the post!
Should you be unfortunate enough to be selected for a self assessment inquiry, we can also represent you at any meetings.
Year end accounts are often regarded as ‘necessary evils’ that add no real value to a business.
We not only help you to prepare for year end accounts but meet to discuss, explain and offer assistance to understand more fully the results and what they mean to your business.
Legally, statutory obligations must be met but we take every opportunity to review your financial and management systems.
We are privileged to see many successful systems and we can offer support and suggestions in order that your systems and controls may be more robust.
We can offer suggestions and assist in the implementation of any system changes.
A well-prepared financial report can also help impress investors, potential finance sources, customers, prospects and even your own management team which can then have a positive effect on your business image.
There are many people who have an excellent idea/skill and want to start their own business.
We have assisted many start-ups over the years and offer a friendly, down to earth approach
We assess the original idea, which may just be an idea, and work with you to evaluate to possible outcome of any venture.
We can also help you:
-Decide on the most suitable structure for your business – sole trader, partnership or limited company
-Prepare a Business Plan, Profit forecasts, Cash-Flow forecasts and Budgets
-Assess your finance requirements, advise on the best sources of finance and prepare the necessary proposals
-Assist in opening a bank account and establish a good relationship with the bank
-Complete any registration procedures with Companies House or Her Majesties Revenue and Customs
-Deal with any company secretarial issues
-Set up a recording system for your internal use and for complying with statutory requirements
VAT (Value Added Tax) is one of the most complex ever taxes imposed on businesses, many of which inadvertently over or under pay the tax amounts.
Trained professional eyes on your VAT calculations can be rewarding by not having to worry about VAT inspections uncovering errors which could cost not only back tax, but interest and penalties too.
We can provide: