Our services

All businesses, whether they are companies, partnerships or sole traders, must prepare annual accounts that show a “true and fair” view of trading activity.

Company accounts must comply with the Companies Act, and sole trader and partnership accounts will be used as the basis for completion of tax returns.

We can prepare accounts for any types of business, ensuring that you are compliant, thereby minimising the chances of an HMRC enquiry, and also that your accounts are presented in a way that supports your decision-making and any possible investment opportunities.

Bookkeeping can be one of the most difficult areas for a small business.  If you do not have access to reliable, timely information, it is difficult to make appropriate decisions, and may lead directly to cash flow problems – the major source of problems for most businesses.

We can take on the burden of bookkeeping for you, leaving you free to focus on your core business whilst ensuring that accurate financial information is always available to you.

Alternatively we can provide periodic reviews of your bookkeeping system to provide you with reassurance that you are basing your business decisions on accurate and timely data.

We can set up a company for you, and ensure that all of the relevant and Companies Act compliancy resolutions and forms are in place.  In addition, we can advise on the most tax efficient share ownership structure.

Setting up your company is naturally one of the most important phases in its life-cycle.  It is all too easy to make mistakes in the incorporation process that could cause problems at a later date.  We can ensure that you have the best advice from the start.

We can offer Registered Office facilities including maintaining statutory registers.  We are able to offer a full service in preparing and submitting statutory forms including annual returns, and the appointment and resignation of directors.  We can also prepare board minutes and share transfer forms.

Again, we can free you of these regulatory burdens, allowing you to get on with your business, whilst ensuring that your company matters are up-to-date and compliant.

We can prepare your company corporation tax return and submit it to HMRC in iXBRL format.  This includes preparing the computations, ensuring the relevant reliefs are claimed on your behalf and advising you of the filing and payment deadlines.

If you extract profits from your company by means of dividends, it is essential that you ensure that there are adequate distributable reserves available and that you prepare the correct paperwork prior to withdrawing the funds.  We can assist you with management accounts to provide accurate information and prepare the board minutes and dividend vouchers required.

We are happy to work with your independent financial advisor to ensure that you make the best decisions.  We can attend joint meetings if required.  If you need the details of local advisors, we can supply these.

All businesses, whether new or well established, need to have a focus and a sense of direction.  It is sometimes difficult for business owners to “stand back” from their company and appreciate the bigger picture.

That is where a trusted third party can be invaluable and this is possibly the most important service that we can offer.  We are a long established local practice, with a pool of experienced accountants and advisors, and a significant network of business contacts.

Many of our clients view us not just as their accountants but also as their general business advisor.  If you would like to explore whether a relationship of this kind could help your business, please contact us today for a detailed, confidential and without-obligation discussion.

There are many legitimate ways in which you can minimise the amount of inheritance tax that you pay.  We can suggest efficient and sensible succession planning strategies for individuals and business owners.

There are many factors to consider in deciding how you stand with regard to the notorious IR35 legislation on contractors and sub-contractors.  We can give guidance on your circumstances to ensure that you avoid being caught out.  A major part of this is making practical suggestions on the contents of contracts and arrangements.

An LLP is a form of legal business entity that gives the benefits of limited liability, similar to those enjoyed by a limited company, but allows its members the flexibility of organising their internal structure as a traditional partnership.  We can assist in setting up an LLP.

HMRC plans to transform the way that it receives it data across a variety of regulatory areas, with the aim that the data is to be sent from a digital source in comparison to the previous method of simply typing in your figures. In the short term this will impact on VAT and income tax if you meet the requirements to commence under Making Tax Digital.

There are several processes you will ensure are in place to meet the requirements for MTD, from the initiation applications to HMRC to use MTD, the changes to the format you hold your data in and to the bridging software you need to submit the data, we can provide you reassurance that you are on top of what needs to be done.

We can provide monthly or quarterly management accounts to help you make the right decisions in your business.  As well as for these internal purposes, we can prepare reports for external presentation, including for banks and potential investors.

We offer an in-house service, using the latest software, which can handle all of your payroll and pension auto enrolment requirements, and ensure that all the key deadlines are met.  These include completion of FPS and EPS submissions under the RTI reporting requirements and production of P60s and P45s.

We have dedicated tax staff who are able to provide a full range of services for individuals, including the preparation and submission of self-assessment tax returns, tax computations and corresponding with HMRC.  They can also assist you in the event of a tax investigation.

We can advise on property transactions and the taxes that need to be considered in connection with these.  We can provide information on rental income and the expenses to be claimed.  We can advise on Capital Gains tax and the reliefs available, such as principal private residence relief.  We can also provide advice on furnished holiday lettings.

With Accountancy and Bookkeeping software’s playing an integral role in not only recording the day-to-day transactions of a business, but also being able to generate useful and meaningful data about a businesses future, there is a crucial need in ensuring business owners can operate and understand these systems.

If you are new to these type of software’s then it can often be a daunting process! We often provide new users with a straight-forward training meeting to address any initial questions you have, and to provide you with reassurance that you’re starting off on the right foot. Advanced users may want to ensure they’re getting the most from their software. We can provide you with assistance with these softwares, no matter what stage you and your business are at.

We offer a variety of services in this area; from providing assistance in setting up these software’s, to providing ongoing training on a company-wide scale to you and your staff, we have the capabilities to offer the support you need.

We have extensive experience with software’s such as Xero and Sage, supported by the requirement for our staff to maintain and expand their knowledge within these programmes. You will note that we are ranked highly on Xero’s recommended Advisors list for our area!

Starting a business can be a stressful time, and there is a lot that you need to be aware of – and to comply with – in a short space of time.

We would urge all new businesses, whether sole traders or corporate structures, to take advantage of our free initial no-obligation consultation.  It is important to ensure that you get the best advice at the outset to allow you to start your business venture on the right foundations and in the right direction.  We can advise on the basics – whom you need to notify and when, in order to avoid penalties – as well as providing a trusted sounding-board for your more strategic dilemmas, debates and decisions.

If you are unlucky enough to be selected for an HMRC investigation or enquiry, we can ensure that you get the best possible advice and support throughout the process – from preparation to successful conclusion.

Tax is a complex issue, and there are many different ways of arranging your tax affairs in order to minimise your overall or long-term tax liability.  These may include looking at profit extraction, exit strategies, Capital Gains tax and Inheritance tax issues.  Both individuals and businesses can benefit from making the right decisions at the right time.  

We may be able to save you a significant amount of tax.  With experts in all the relevant areas, we are ideally placed to provide the sound advice that you need. 

VAT is more complex than it used to be – with aspects such as the flat rate scheme for businesses to consider.  We are able to advise on all VAT matters, including the completion of returns and subsequent electronic submission, and assistance with registration and de-registration. We can also advise on the schemes available including cash accounting and the aforementioned flat rate scheme.

From 1 April 2019, HMRC’s Making Tax Digital changes will heavily impact on how VAT returns are to be submitted (and the format in which you maintain your bookkeeping records). We can assist you in all aspects of the Making Tax Digital changes.