New Company Set Up

When a new business gets off the ground, it’s unlikely that the people involved want to dedicate too much time in gaining expertise on the legal and financial obligations that all businesses eventually have to become familiar with. We allow new start entities to get on with what they do best; to nurture their core business ideas without getting undone by the taxation and administration aspects which can, at first, seem daunting. (read more) We can assist you:

CIS SUB CONTRACTORS

Working as a self employed sub contractor comes with a lot of the obligations that regular employees dont have to worry about. Perhaps the most important of these is keeping up to date with tax legislation.

Tax Investigations

HMRC have long had a history of picking on individual businesses for rigorous tax investigation. Sometimes, seemingly at random, tax payers can find themselves in the middle of an intimidating process which can involve several months or years of accusations of deliberate wrong doing. It’s important to have experts on your side who not only know the inner workings of HMRC but also know crucial legislation that can be used to defend people against tax officials looking to exploit any weaknesses those under investigation may have. Should you be under investigation, it’s vital that your advisor can: Quickly set up an engagement with HMRC Manage professional fees in line with ability to pay Refer to all relevant legislation which may favour the tax payer. It’s vital to note that HMRC often work within the scopes of their own guidelines. These guidelines are often not compliant with UK statute legislation and can be successfully challenged so long as the advisor is completely up to date with UK tax law. Mitigate fines and penalties as much as possible by referring to law and case study

Tax Planning

Many accountancy firms promise it, few deliver it. We aim to sit down with clients and tell them exactly what they can do to minimise their tax bill in a way that is fully compliant with all UK tax legislation. Advice on the tax advantages of having a Limited Company Structured advice for Company Directors in relation to their split of salary and dividends Reviews six and three months prior to accounts year ends in order to offer advice on possible tax saving measures

Payroll and Employment Law

Employing staff can be an inevitable part of the process of growing a business. With the addition of recent obligations in the form of Real-Time Information and Auto Enrolment, administrating payroll has become an increasingly arduous task. Not only do we provide all the payroll services you’d expect, we also specialise in employment law and offer advice on this at no extra cost. Our services include: Laser printed payslips Real-time information submissions to HMRC Auto-enrolment compliance Employment law advice Summary and analysis of staff costs

VAT

Value Added Tax can be an administrative headache and financial burden for businesses whose level of turnover require VAT registration. The complex nature of VAT means that many businesses find difficulty in filing accurate Returns on time to HMRC, and can pay more to the government than they need to. We use the processing of VAT Returns to not only make sure our clients are HMRC compliant, but also as a means to keep a close eye on the everyday financial running of each business. We’ll also help with:

• VAT registration and invoicing
• Advice on using the most appropriate scheme if possible
• Completing and submitting VAT Returns on time
• Negotiating with HMRC in respect of any disputes or inspections
• Advice on what items come underneath the scope of VAT

Bookkeeping and Accounting

Routine bookkeeping and accounting is a necessary part of all viable businesses. They take time and expertise to get right though. So it’s a service we provide for you, either in our office or at your business premises; whichever suits you. The first task is to ensure that your accounts are kept up to date, are legally compliant and filed on time with HMRC. Accounts analysis offer the perfect opportunity to gauge all aspects of how any business perform and so we use accounts preparation as a way to help keep you informed about all aspects of your business, such as: