Self assessment
The term 'self assessment' is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment for you.
- We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
- We can act as your agent, dealing directly with the Inland Revenue on your behalf
We can provide you with year round tax advice on:
- Income tax
- Capital Gains tax
- Inheritance tax
- Trusts and estates
- Non-domiciliary tax issues
Every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.
Make sure you take full advantage of the tax saving opportunities open to you - call us today for a personal tax planning review.
Corporate tax planning
Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.
We offer a range of services to help you minimize your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
- Determining the most tax effective structure for your business
- Taking full advantage of tax opportunities and relief's
- Achieving the optimum capital or revenue tax treatment
- Reducing tax on disposals and maximizing relief on acquisitions
- Making the most of tax opportunities specific to your industry
- MeeMeetting the rigorous demands of compliance including corporation tax self assessment
- Acting on your behalf in discussions with the tax authorities
- Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
Accounting & Bookkeeping
We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need.
We discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
Payroll
Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. We have dedicated staff that can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
- Customized pay slips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
- Summaries and analyses of staff costs
- Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
Business start-up
The good news is that you do not need to be an expert in to succeed in business. All you need is the support of a team of trained experts.
That's where we fit in. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. We can also help you:
- Decide on the most suitable structure for your business - sole trader, partnership, or limited company
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
- Deal with company secretarial issues
- Set up a recording system for your internal use and for complying with statutory requirements
Start your new venture on a sure footing - call us for an initial consultation today.
Corporate finance
Whether yours is a new or a mature business, ensuring that you have the necessary finance is essential for achieving your objectives. Indeed, one of the most common causes of business failure is badly structured or inadequate financing.
We can help you:
- Conduct a feasibility study of your projects
- Decide on the most suitable sources of finance - personal capital, bank overdraft, long-term commercial loans and mortgages, national and regional agencies, venture capital, or equity capital
- Prepare the necessary business plan, forecasts, prospectuses, etc.
- Present your proposals to your chosen finance source
- Arrange a disposal, merger/acquisition, or management buyout/in
- Our expertise and contacts will help you open doors that may otherwise have remained closed for you.
Management Accounting
The manufacturing sector is plagued with uncertainty, and is often hostage to factors beyond its control such as fierce global competition, interest rates, currency values, employment levels, and educational training.
Companies operating in such a business environment need experienced, professional advisers to help them steer a steady course. With years of experience acting for clients in the manufacturing sector, we can help you:
- Minimise risks from pricing and supply fluctuations
- Optimise your stock control
- Make important investment decisions
- Arrange acquisitions, mergers, or disposals
- Raise finance
- Manage cash flow through interest rate exchange and rate fluctuations
- Handle foreign currency transactions
Whatever your business structure, sole trader or a limited company, we can help you manage your profitability through our specialised services.