Services

Bookkeeping is the recording, on a daily basis, of the financial transactions and information pertaining to business. Being organised and keeping financial transactions correct, up-to-date and comprehensive ensures the accuracy of accounts prepared from them.
To achieve the above advantages follow the below rules:

• Focus on bookkeeping either on daily or weekly basis.
• Ensure the records are kept orderly and safely, wherever possible digitally.
• Prefer to use accounting software
• Keep your personal and business finances separate.
• Secure your book keeping and accounting platforms secure from data loss.

That’s why it is a great idea to save your valuable time and also to have accurate records for year end accounts, outsource your bookkeeping to our team of professionals who can record, maintain and retrieve your records quickly, efficiently and accurately.

PAYE stands for ‘Pay As You Earn’. Every limited company, even if the director is the sole employee, must register to set up its own payroll, which deducts income tax and National Insurance Contributions from salaries paid to all staff employed by the company.
Our Payroll services include the following:

• Registering your limited company as an employer with HMRC.
• Setting up company payroll using one of the commonly used software packages.
• Each month, we will issue payslip for each of your employee detailing the gross and net pay, including deductions for income tax and NICs.
• All taxes are deducted at source and must be paid to HMRC by the 19th of each month (or each quarter if the amounts are small). If you pay electronically, you must do so by 22nd of each month (or quarter).
• If your salary does not meet the current income tax or NIC thresholds, you still need to inform HMRC online that ‘nil’ tax is owed.
• For each new employee, you must add them to the payroll, and provide a P60 at the end of each tax year. A P11d form must also be completed if any employees received any taxable benefits during the year.
• When an employee leaves the company, you must issue them with a P45 to transfer to their next employer.

Our payroll services designed to comply with above requirements of law in a timely fashion and assures our clients peace of mind. You will never miss deadlines with our reminder services set in our systems.

Do you want reduce your tax bill? Our tax planning services offer you the best advice on the ways to save your hard earned money, by making use of allowances and reliefs available from tax authorities each year.
Personal Tax Planning can make a significant difference to the tax you pay. We can help you to do this while ensuring you are making the most of the available allowances, so you won’t pay any more tax than you need to. Various tax allowances and reliefs are provided by Government each year – and making most of them can save you a lot of money. We arrange your finances to assure you are making most of your allowances, including those for Income Tax, Capital Gains Tax, Dividend Income, Contributions to ISAs, pensions and other savings accounts.

VAT is a form of indirect tax levied on all products and services provided in the UK.

• If your taxable turnover expected to be £85,000 or more in next twelve months then you must register for VAT (tax year 2021/22).
• HMRC operates several types of VAT schemes: Most common are Standard, Cash Accounting and Flat rate scheme. Depending your type of business you can choose right VAT scheme.
• Once you are registered, file your returns quarterly and pay/claim the VAT due in each return period.

Our VAT experts take care of your legal requirements to comply with VAT rules from day one. On your behalf we enroll your business with VAT and advice you of the VAT invoice templates, process of charging VAT, record maintenance for VAT returns, preparing VAT returns and inform you about your VAT liability in a timely manner.

Our new Business startup package provides a complete solution to all your responsibilities towards companies house, HMRC, Paye, VAT, registering for self-assessment etc., Usually the processes involved in business startup varies depending on your type of business, place of your business and whether you want to employ people on to help. The common procedures are listed below as a guidance:

• Registering your business as a sole trader, partnership or limited company is the first step in your business journey. Of course, you need to finalise the name, place and capital structure, people to run the company etc at the very early stage itself.
• Employing people to run your business, requires registering your business with HMRC for paye.
• Register for VAT if you expect your turnover is above the vat threshold.
• Register for Corporation Tax and get your company’s UTR no.
• Register for self assessment of director, partner etc.
• Finalising the accounting processes whether set up your accounts department or appointing a qualified accountant etc.
• Looking after the day to day business activities to stimulate the growth and development of business.

Our CIS service, register you under the Construction Industry Scheme (CIS), if you are a contractor involved in construction industry and liable to deduct tax from payments made to your subcontractors and pass it to HMRC. Our service under CIS ensures the following:

• All contractors (companies, parterships, self employed individuals) must register with HMRC for CIS before they start paying subcontractor. Subcontractors before they start work within the construction industry.
• Subcontractors who do not wish to be deducted tax at a higher rate must also register with HMRC.
• Before a contractor can make payments to subcontractor for construction work they need to verify with HMRC that the subcontractor is registered and the rate of deduction to make.
• Each month contractors must send HMRC a complete return of all the payments they made during the month.
• Contractors must send HMRC a payment for the deductions they have made from subcontractors.
• Subcontractors have to make a return of their profits each year and their tax liability is based on that.

Self Assessment is a system HMRC uses to collect income tax. Our self assessment service for individuals, partnerships and companies complies with following reqirements of tax law.

• Registering with HMRC if you do not send a tax return last year.
• Sending a tax return if you are self-employed as sole trader and earned more than £1,000 in the previous financial year ended 5th April,a partner in partnership, as a dirctor of a limited company and also if you have any untaxed income or if you want to claim some income tax reliefs.
• Once registered we can send return online
• We ensure you to send your online returns and tax you owe before midnight 31 January, for previous financial year ended 5th April and also paper returns before midnight 31 October.
• We ensured our clients they file their returns in time and never missed a deadline.

Corporation tax is a tax charged on the profits of a limited company.

• Aa a newly incorporated company we ensure your business is registered for corporation tax.
• Each year, our corporation tax specialist assure your company file a corporation tax return, called CT600 with HMRC within 12 months of the year end date. We assure you that you never miss your deadlines and avail the reliefs and tax saving tips from our dedicated professionals.
• We keep you informed about paying your corporation tax due, within 9 months and 1 day, after the end of your accounting period for your previous financial year. So if your accounting period ends on 31st March, your corporation tax deadline is 1st January.