When you are thinking of starting your own business it can be a little overwhelming. That's where we come in. We can guide you through what you must do, what you should do and what you can think about doing in the future.
If you are starting out as a sole trader, or partnership, we can complete many of the forms required with you and make sure that everything is ready for you to start trading. We have a range of bookkeeping options and can talk these through with you, offering you help and advice along the way.
If you are starting a limited company we can form the company for you and talk through with you how you want to run the company. We can complete your statutory annual return and take some other duties off your shoulders so that you are free to concentrate on running your business.
Bookkeeping, Records & MTD
Every business is different and choosing the right way of keeping your records is important. For some people keeping records seems a daunting task or a terrible burden, but we are here to suggest the best ways for you to make it as easy a task as possible. We are a fully accredited member of Sage Accountant's Network, an accredited FreeAgent Practitioner and are also experienced in Quickbooks and Xero. Therefore we are well placed to find a system that suits you in terms of time and budget.
Busy business owners may wish us to take the bookkeeping task over entirely and we offer a range of ways in which this can be done including outsourcing the entire bookkeeping task to us. This way you have a professional service for what can be a fraction of the cost of a full-time employee. It will also save you space, with no more paperwork to store and time to do what you do best.
Making Tax Digital (MTD) is just around the corner for sole traders, starting in April 2024, and we can help you decide on how you can best keep digital records. Whatever your requirements we are here to help you find the method that is right for you.
Annual Accounts & Taxation
We offer a range of accountancy solutions to fit every business and budget. We offer everything from a low cost tax return service, right up to acting as your financial director. Whether it's a simple set of accounts or regular monthly management accounts that you need, we will be here for you, delivering what you need on time and to budget.
We take great care over your accounts production so that, if you are ever investigated by HMRC, you can be sure that we will be able to answer their queries quickly and fully. If you are currently being investigated, we can help you navigate through the enquiry and represent you throughout the investigation until it is resolved.
As tax specialists, and a member of the Association of Taxation Technicians, we can offer timely tax advice.
Whatever you, or your business needs, you can be sure that we will be by your side. We even offer prompts to send us your records, an online client portal where you can upload documents and digitally sign your accounts and a monthly payment option.
Our country has one of the most complex tax systems in the world. However, we are here to take the strain, because tax is our business. We will advise you on how to avoid penalties and fines and if you should receive an enquiry from HMRC we will be here to help you through the process.
Payroll is not as straight forward as it once was with the onset of Real Time Information filing. Therefore we offer a complete payroll service and can email payslips either to you or directly to your employees. We can advise you on all aspects of payroll including how much to pay across to HMRC each month.
VAT is a very complex area of taxation and therefore it is easy for someone without advanced knowledge of VAT to underpay or overpay their VAT. We can advise when you need to register, or if you should register voluntarily we will complete the necessary forms with you as well as advise on the most beneficial VAT scheme.Our other services include filing of VAT returns.
Limited Company Formation
We can advise you on:
Choice of company name
How to operate your company
Whether your company should be vat registered
All aspects of running a small company
Your first appointment with us is free of charge. This is so that you can get to know each other and decide how we could work together as an effective team. If you would like to come in for an informal chat about starting a business then please give us a call.
If you own a second home that you rent then you most likely need to prepare a Statement of Letting and complete a tax return. If that property is a furnished holiday home (FHL) then you will need a set of accounts.
There are rules on what expenses you can claim against your rental income and we can advise you on these and on how to keep sufficient records.
There are also tax implications when you sell a house that was purchased as a 'Buy to Let' and has been rented out. We can advise you on any capital gains tax that may be due and we can also provide information when you are looking into whether owning a rental property is right for you.