• VAT Returns
• Book Keeping
• Tax Returns
• Annual Accounts
• Business Advice
• Tax Planning
Whether you have an established business or you are just starting OUT we can help you decide if you should be VAT registered or not. If you need to register we can handle all the paperwork on your behalf. Alternatively if you are already registered and no longer need to be we can take care of deregistration too.
We will prepare your VAT return from your records and advise if you are eligible to join one of the various schemes which could lead to a tax savings. Our objective is to ensure your return is correct, and hopefully save some of your time and hard earned money. As with most taxation if you miss your Vat return there could be penalties to pay so don’t delay contact us today. We use the latest Tax software which allows us to file your Tax return online so we can have you up to date in no time…
Knowing and meeting your obligations as an employer can be both daunting and time consuming but the Accounting for Business Ltd team are here to help. We will do as little or as much of the work as you need, from just support and advice to using our HMRC approved software to produce your employees wage slips.
We will calculate the tax, National Insurance, holiday pay, sick pay & maternity/paternity pay. We can also prepare your benefits and expenses forms and advice you of any filing requirements or National Insurance that is due. At the end of the year we can also file your yearend returns to the HMRC and provide you with P60s for all your employees. Remember there could be large fines to pay if you are late paying your employers deductions so don’t delay contact us today.
No matter what size business you own and operate, there will always be two constants: Expenses and Taxes! In order to handle these and to run your business smoothly and effectively, you are going to need to keep accurate records, this is where Accounting for Business Ltd can help. We will explain what you are required to keep a record of and what information may be useful to you for planning the growth of your business. We will prepare a set of management accounts to make it easy for you to assess the success of your business. Good Book Keeping can help you run a more efficient business and will help you to save money.
The reasons that a Tax return may be required are:
• You’re self-employed
• You’re a company director, minister, Lloyd’s name or member
• Your annual income is £100,000 or more
• You have income from savings, investment or property
• You need to claim expenses or reliefs
• You or your partner receive Child Benefit and your income is over £50,000
• You’re 65 and receive a reduced age-related allowance
• You get income from overseas
• You have income from trusts, settlements and estates
• You have Capital Gains Tax to pay
• You’ve lived or worked abroad or aren’t domiciled in the UK
• You’re a trustee
Accounting for Business Ltd know how complicated and time consuming Tax returns can be, that is why we have the latest software which allows us to complete your Tax return while calculating your Tax liability – from this we will liaise with you about the amount that is due to be paid and when you are happy we will submit your Tax return online.
We have a team of specialists that will analyse your Tax return to see if any savings can be made and if you are having difficulties meeting your payment we can negotiate the possibility of a deferred payment or a payment plan with HM Revenue & Customs for you.
An Annual Account will generally have the following sections:
• Profit and Loss account – this is simplified version of your profit and loss account
• Balance sheet a snap shot of your business usually at the year end
• Notes to the financial statements
• Trading profit and loss account, a detailed version of your profit and loss account
A set of Annual Accounts can be one of your most valued assets for understanding your business and how it is performing, it is also a good opportunity for our team to make sure that you are claiming everything that you are entitled to.
The Accounting for Business Ltd team has a wealth of experience in a vast range of sectors so if you are planning on starting a business or if you are already running a business we can help you make efficiencies in any area you want.
Sometimes you need more than just financial advice but fear not the Accounting for Business Ltd team has got a wealth of experience in a variety or rolls from HR to Sales / Marketing so if you are looking for the full package look no further.
HM Revenue & Customs have a helpline to assist any UK Tax payer however they are not obligated to give advice on how to reduce the amount of tax you pay to the correct amount. Accounting for Business Ltd will review your Tax planning to make sure you are paying the right amount.
The goal of tax planning is to arrange your financial affairs so as to minimize your taxes, so let one of our team help.