SERVICES For BUSINESSES
Business Accounts
Business accounts give valuable financial insight and form the basis of your self-assessment or company tax returns. Having your business accounts prepared by a professional means they will meet accounting standards, also provide you with the analytical data that is useful for business decision making and investment, consequently enhances the chance for business success.
Tax Planning
In recent dynamic financial and social landscape, companies encounter numerous challenges, with compliance to intricate tax laws and regulations being the most significant. Our tax planning services aim to reduce your tax burdens while enhancing your financial advantages. We collaborate closely with you to create strategic tax plans customized to suit your business requirements.
Bookkeeping Services
We offer comprehensive bookkeeping services to keep your financial records organized and up to date. Our team ensures accuracy and efficiency in managing your books, allowing you to focus on your business.
R&D Tax Credits
Businesses investing in projects aimed at innovating and developing new processes, products, or services to advance science or technology may qualify for R&D tax relief. We can assist you in identifying eligible R&D expenditures and enhancing your chances of receiving tax relief. Qualifying costs for R&D tax incentives include::
* Costs for employees involved in the projects
* Software used in the R&D
* Consumable items
* Contracted out R&D costs* (65%)
* Externally provided workers (subject to restriction)
Cash Flow Management
Cash flow is the lifeblood of any successful enterprise, crucial for driving and mitigating risks. With effective cash flow management, you can confidently navigate both short and long-term uncertainties. By partnering with us, you will receive crucial guidance to maintain your financial health through:
* Creating a cash flow forecast for your business or assisting you in developing one independently.
* Evaluating your current financial forecast and offering insights on your plans as well as the assumptions that underpin your forecast.
* Suggesting key actions that will enhance the future of your business based on the anticipated cash flow situation.
Business Start-up
We are with you every step of the way with a range of services available, to ensure your business is a great success:
* Business start-up planning and advice
* Raising business finance
* Strategic planning and financial management
* Computers and IT systems
* Web Designer and other Social Media Marketing Tools
* Cashflow forecasting and management
* Efficient billing and cash collection
* Long term plans for your business and your exit
* Limited Company Registration
Corporate Tax
All limited companies, whether based in the UK or oversea, are subject to Corporation Tax. By utilizing an experienced accountant for your tax compliance requirements, you can be assured that your business is well taken care of. We will make certain that your company pays the correct amount of Corporation Tax, while also claiming applicable tax reliefs and expenses to minimize your tax liability.
GB & EU VAT Returns
With our certified tax experts, you can rest assured that VAT-related matters are in skilled hands. We keep abreast of latest tax laws and regulations to offer you dependable advice and solutions tailored to your business needs.
We will review and implement best practices for recording invoices and documents, provide guidance on accurate billing, and liaise with customs agencies, local tax advisors, and authorities (HMRC & European tax agencies). Our thorough preparation will ensure timely VAT Returns and Filings, helping you avoid penalties and successfully reclaim VAT refunds, which will enhance your business cash flow.
Payroll & HR
Managing payroll can be a significant distraction for Business Owners and Directors due to the complexities of tax, National Insurance, pensions maternity and paternity pay, and student loans. We can take this burden off your shoulders by offering a thorough and confidential payroll package that includes:
* RTI Reporting
* CIS Returns
* Customised payslips
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 HMRC
* Summaries and analyses of staff costs
* Administration of incentive schemes, bonuses, and ex-gratia and termination payments.
Balance Sheet Reconciliations
Balance Sheet Reconciliation ensures your financial accounts are organized, offering precise balances that accurately represent your company's performance. This vital service promotes transparency and trust in your financial reporting.
Featured in this service is bank reconciliation, which entails identifying and correcting discrepancies to ensure your financial records match your bank statements, a crucial step in preparing for the year-end audit.