1. Personal Tax Services

We can provide an efficient and cost effective service to complete Tax Returns, and these can be submitted to the Inland Revenue electronically to avoid any problems with the post or processing errors by the Inland Revenue.

Not only will we complete the form we will provide advice on how to reduce your tax liability. Many clients have commented that the cost of this service is easily covered by the tax savings made.

We can also provide planning and advice to ensure both future and current tax liabilities are kept to a minimum in the following areas:

1. Income tax
2. Capital gains tax
3. Inheritance tax.

2. Business Start-Ups

Advice on the most suitable legal status through which to operate the business (sole trader, partnership or limited company). Grants available to new businesses, and sources of finance available. How the tax system applies to businesses and help to ensure any benefits are used.

If finance is required then a Business Plan will often be required, and we are happy to assist. This plan is very important and the way in which it is presented can determine whether a lender will support the business idea, and hence whether it ever has the chance to succeed.

3. Accounts Preparation

All businesses require year end accounts, sole traders and partnerships in order to complete Self-Assessment Tax Returns, and limited companies to complete Corporation Tax Returns and submit to Companies House.

Once the accounts are prepared they provide crucial information about your business, which we can interpret and identify where action is necessary to increase financial performance.

4. Auditing

Limited companies, with a turnover of above £5.6 million are required by law to have their accounts audited by a Registered Auditor. Certain other organisations such as charities are required to have their figures audited.

Although an audit is often a legal necessity it is our job to ensure this work is made cost effective, by providing proactive advice as to how financial systems and controls can be improved.

5. Management Accounts

Many businesses rely on financial information on a much more regular basis than annual accounts. Management accounts can be prepared as frequently as required, to ensure management have the necessary information to monitor business performance.

We can provide a full bookkeeping service maintaining financial records on our own computer system or we can maintain the records on your own system with visits as necessary. From the records management accounts, budgets, cash flow reports etc can be produced as often as required.

6. Corporate Tax

From a compliance point of view this will involve completing Corporation Tax Returns for companies. However, more importantly how can the overall tax liability of the company and its owners be reduced? Usually in private companies the directors are the shareholders and they may be able to reduce both their own and their company's National Insurance Contributions by way of taking some remuneration in the form of dividends rather than salary.

7. Business Tax

Once the business accounts have been prepared Tax Returns will need to be completed for the business owner. If the business is a partnership a separate return is required as well as each partner.

Advice can also be given on the tax implications of specific business transactions and advice on planning to minimise future liabilities.

8. Payroll Services

We can take over this time-consuming chore giving you time to devote to more important aspects of your business. Our service includes:

• Weekly or monthly payslips for each employee.
• Advising amounts of tax and national insurance due to the Inland Revenue and the date it is due.
• Completion of your employer's end of year returns and P60's for your employees at the end of the tax year.

9. VAT

Usually if your business has a turnover of more than £67,000 you will need to be registered for VAT and complete quarterly VAT Returns. If you want help we can complete these forms and ensure your records are correctly maintained.

VAT is a very complicated tax and we are on hand to help with any queries which may arise.

10. Software

We are members of the SAGE Accountants Club, and can supply and support the full range of accounting software of this market leading company. We can also provide help and training to support and ensure you get the maximum benefits from the software. Prices start from £150 for a complete financial accounting system.