We prepare year-end statutory accounts to comply with the regulatory bodies’ requirements and management accounts so you can monitor the performance of your business, manage it more efficiently and plan for its future.
Corporation Tax is charged on a company's profits. There are certain restrictions with what expenses can be deducted against your business profits for corporation tax purposes and we will advise you of these ensuring you remain fully compliant with respect to your corporation tax obligations.
If you are self-employed trader, partner in a business partnership or company director, then you will need to complete a self-assessment tax return and file it with HM Revenue and Customs by the 31st January each year.
VAT is a complex area of the tax regime and there are a number of different schemes available to you that may be of benefit to your business.
If you employ staff or engage subcontractors you must register for payroll with HM Revenue and Customs deduct income tax and national insurance contributions, where applicable, from your workers.
So you have decided to follow your dream and start-up your own business – fantastic! However, knowing where to start and deciding on the best business structure for you can be daunting.
You may be able to claim tax relief if you have to use your own money for travel or things that you must buy for your job. You can only claim relief on things that are just used for your work, and that you don’t use in your private life.
Bookkeeping is recording of financial transactions, and is part of the process of accounting in business. We will prepare all of your basic accounting records so that you can concentrate on improving and growing your business.