All limited companies must prepare statutory accounts and file these at Companies House as well as submit them with their corporation tax return. You can be confident that your accounts are being completed in the most cost effective manner while adhering to the various legal regulations.
We can also help you to understand the accounts, how they are used by others such as your bank and credit reference agencies, and also help you to understand the tax consequences.
Annual Tax Returns
More and more people are having to do annual tax returns, getting it wrong can have serious implications as well as being costly. Fortunately, getting it right is what we are all about. We make sure you pay the right amount of tax, i.e. the legal minimum amount possible. Fines have become more stringent in recent years and nearly one million taxpayer pay fines each year. Don’t be one of them. Our tax specialist will also be able to advise you on all aspects of personal tax from Income Tax, Capital Gains Tax, Inheritance Tax and Trusts.
Payroll can be time consuming, complicated and for many an unnecessary administrative burden. It can be far simpler for you to let us handle this on your behalf leaving you and your team free to focus on key areas of your business. We will not only give you payslips on time, but be responsible for keeping up to date with software and the regulations, potentially saving you money.
Many businesses nowadays have to file VAT returns. Some may find this tax simple to deal with and some may find it a complete burden. However, you want the peace of mind that you are complying completely before that dreaded inspection. With recent case law in VAT, in businesses as diverse as from property to catering, our specialists can advise on the maximum VAT advantage on the transactions and to prevent problems arising.
With ever changing rules, we can help you with all aspect of VAT from VAT registration or even de-registration, appropriate VAT schemes, inspections and even help to complete and file the VAT returns.
ATOL (Air Travel organiser’s licence) licence holders need an Accountant who is qualified as an ATOL Reporting Accountant, to submit ATOL Accountants’ Reports to the Civil Aviation Authority (CAA). The CAA developed the ATOL Reporting Accountants’ scheme to help improve the standard of ATOL reporting and to provide assurance that any financial information submitted to them is accurate. They designed the scheme to ensure that accountants are sufficiently knowledgeable about the travel industry as well as the specific requirements of the ATOL scheme.
We are delighted to be ATOL reporting accountants and working with companies in the travel industry and would be happy to discuss your particular needs and challenges.
Tax legislation changes every year as successive government budget announcements take effect. Thanks to our comprehensive range of tax services, we make sure we advise you on all the latest rules.
More and more people are having to do annual tax returns, getting it wrong can have serious implications as well as being costly. Fortunately, getting it right is what we are all about. We make sure you pay the right amount of tax, i.e. the legal minimum amount possible. Fines have become more stringent in recent years and nearly one million taxpayer pay fines each year. Don’t be one of them. Our tax specialist will also be able to advise you on all aspects of personal tax from Income tax, Capital Gains Tax, Inheritance Tax and Trusts.
Business tax is just as, if not more, complicated as personal tax but we can help you to determine the best structure for your business and which reliefs you should be claiming meaning that you optimise your tax treatment. We can also act on your behalf should you be in the position of having to meet with HMRC.
Advance Tax Planning
Making the right plans for the future can be the difference between paying the optimum amount of tax and paying too much. Working closely with our clients, we explore all avenues and opportunities available under current tax legislation relevant to the client so long as they are not inconsistent with the clients goals and objectives. We can give advice on the tax implications of a diverse range of issues for individuals to large companies.
Advance tax planning can include not only personal and business tax, but also capital gains tax and inheritance tax.
Increasingly HMRC is attempting to maximise the tax it collects by opening aspect enquiries and compliance checks, rather than full enquiries. With greater powers than ever, HMRC can turn the spotlight on your tax affairs at any time. It’s vital that you involve your accountant from the outset. Without professional representation, you could easily end up paying more tax than necessary. HMRC enquiries are time consuming and the professional fees involved in obtaining the best result for you can be considerable. We recommend that you protect against such costs by joining our CCH Premier Protection scheme. Whatever the nature of HMRC’s investigation, the scheme will cover the professional fees involved. What’s more, if you are a business client, it will give you access to the CCH Business Support Helpline, an invaluable source of guidance on a wide range of business-related law. Take a look at the video below for futher details.
Bookkeeping can be an enormous burden for small companies. Using good bookkeeping practices, you can have confidence in your figures, the accuracy of VAT returns and can give you control over your finances and decision making. Whether you need us for a couple of hours per VAT quarter or a day a week, we can help you working either from our offices or yours.
As your company gets larger, you may even employ your own bookkeeper. We can work with them too to produce regular management accounts to help you with effective decision making or for reporting to your lenders and shareholders.
Acting finance director
Working with your software to produce management accounts and figures you understand, we can also support your business with strategic advice, cash flow forecasting and liaising with other stakeholders such as minority shareholders, bank managers and finance companies or even other businesses you are trading with. We can help analyse parts of the business that might be holding you or your cash flow back such as stock and debtors.
We can work with your bookkeeping / accounts department to produce regular management accounts to help you with effective decision making or for reporting to your lenders and shareholders.
If you do not currently have management accounts, this can be a revelation to business owners. Having up to date reports of your financial position and how your trading is performing can help you to grow the company further, rather than working with statutory accounts information which is normally many months out of date.
Acquisition, Merger, Exit and Succession.
Perhaps you are looking at the long term options for you and your company. If you are looking to purchase (or merge with) another company to grow your business, performing due diligence on the target company will help you to understand exactly what you are buying to ensure you don’t overpay or land yourself into a quagmire.
Alternatively, you may be looking towards retirement or a sale to move to pastures new. Considering your options can help you plan not only how much you might receive from a sale, but also how much tax you pay.
If you are looking to raise finance whether to fund new assets, premises or a business acquisition, we can help you find the right financial partners as well as provide the business information they will need in order to make the decision to lend to you.
Whether you want to buy another company, or perhaps it’s a management buyout, we can advise you how to go about it.