| We are very serious about our practice,
and we offer our clients a superior service as well as a little bit
extra. We provide a range of superior management and strategy tools,
ranging from “should I incorporate?” calculators to advice
on flat rate vat to completing tax credit applications.
We are currently installing around 40 new applications which will
hopefully benefit all of our clients over time.
A full range of the tools we offer, and
will offer, is listed below.
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1. Business start ups
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Most people who start up in business do so because
they have a good business proposition, as well as enterprise and commitment
to see it through. They do not start because they are experts in the
legal, financial, and fiscal aspects of running a business.
These matters can often seem daunting, and even off-putting, to the
budding entrepreneur. The good news is that you do not need to be
an expert in these fields to succeed in business. All you need is
the support of a team of trained experts.
That's where we fit in. Bring us your business ideas and we'll help
you to evaluate them in a constructive and realistic manner. We can
also help you: |
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Decide on the most suitable structure for your business -
sole trader, partnership, or limited company. |
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Prepare a business plan, cash flow projections, budgets, and
trading forecasts. |
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Assess your finance requirements, advise on the best sources
of finance, and draw up the necessary proposals. |
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Establish a good working relationship with your bank. |
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Complete any registration procedures with Companies House,
Inland Revenue, or Customs and Excise. |
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Deal with company secretarial issues. |
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| 2. Accounts, business taxation
and personal taxation |
Though business owners traditionally regard the
annual preparation of annual accounts as a cost centre - a necessary
evil that adds no value to the business - we strive to transform it
into a profit centre.
Besides helping you meet the statutory requirements, we also take
the opportunity to conduct a review of your financial and management
systems. This can often result in our identifying potential problem
areas and recommending opportunities to improve your business performance.
We discuss the problems and opportunities with you and help you implement
any agreed solutions.
We see the preparation of your annual report as an opportunity to
enhance your external image. A well-prepared report can have a considerable
positive impact on the perceptions of investors, potential finance
sources, customers, prospects, referral sources, and even your own
staff - all of which greatly improves your business prospects for
the future.
We can assist by including graphs to make financial statements easier
to understand. While accurate preparation is vital as generally these
will form a major part of personal tax or business tax.
The term 'self assessment' is proving to be one of the great misnomers
of all time. Many taxpayers struggle to understand the complex tax
returns and complete them correctly. In the first year of the regime
alone, 775,000 taxpayers received £100 penalties for failing
to submit their returns on time, and some 400,000 incurred further
penalties because their returns were still outstanding six months
later!
The constant stream of changes to tax legislation means not only that
the returns are becoming even more difficult to understand but also
that taxpayers risk incurring more penalties through failing to complete
their tax returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self
assessment for you. We will do all the necessary computations, complete
your return, and even offer advice on how you can minimise your tax
liability.
We can act as your agent, dealing directly with the Inland Revenue
on your behalf and, should you be selected for a self assessment enquiry,
act for you at any meetings.
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| 3. PAYE Services |
Administering your payroll can be time consuming
and burdensome, diverting energy and resources from the core activities
of your business. And the task is made all the more difficult by the
growing complexity of taxation and employment legislation and the
accompanying regime of penalties for non-compliance.
We can relieve you of this burden by providing a comprehensive and
confidential payroll service, including:
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Customised payslips. |
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Administration of PAYE, national insurance, statutory sick
pay, statutory maternity pay, etc. |
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Completion of statutory forms, including year end returns,
to issue to your employees and submit to the inland revenue.
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Summaries and analyses of staff costs. |
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| Even if you have only a few employees, you could
make savings by engaging us to administer your payroll. |
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| 4. VAT and book-keeping services |
We can relieve you and your staff of an enormous
burden by taking care of all your bookkeeping and accounting needs,
including the preparation of your annual accounts.
Our first step is to work with you so we can gain a full understanding
of your business. We then tailor our approach to your requirements
so we can provide exactly the service you need.
Besides your core bookkeeping, we can also maintain your vat records,
and take on short-term projects to relieve your staff of any temporary
overload.
But perhaps the most important part of this service is the preparation
of management accounts. These are vital to the continued success of
your business. We discuss your requirements with you and provide you
with tailored information and constructive advice on a regular basis.
Value added tax can seem complex and onerous and as a result many
businesses inadvertently overpay or underpay vat.
The ever widening scope of vat, the constant stream of detailed changes
to the regulations, and the ever growing demands of customs and excise
call for a trained professional eye to ensure that you do not fall
foul of the regulations and do not pay the exchequer more than you
need to!
We provide an efficient cost effective vat service, which includes:
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Assistance with vat registration. |
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Advice on vat planning and administration. |
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Use of the most appropriate scheme. |
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Vat control and reconciliation. |
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Help with completing vat returns. |
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| 5. Tools and calculators please
contact us for further details (non-clients welcome) |
1. ADMITTING A PARTNER
2. BONUS V DIVIDEND MODEL
3. BREAKEVEN CALCULATOR
4. CAR TAX CALCULATOR
5. CASH FLOW SPREADSHEET
6. CGT INDEXATION CALCULATOR
7. CGT TAPER RELIEF CALCULATOR
8. CLASS 4 NI LOSSES
9. CONTRACT OF EMPLOYMENT
10. FLAT RATE EXPENSES
11. FORM 930
12. GRAPHED ACCOUNTS
13. GROSSING UP COMPANY PROFITS
14. HOW YOU'RE DOING REPORT
15. IHT QUOTED HOLDINGS VALUATION TOOL
16. INCORPORATION ISSUES
17. INHERITANCE TAX CALCULATOR
18. INHERITANCE TAX FORM IHT200 IR FORM
19. INTERACTIVE MILEAGE EXPENSES CALCULATOR
20. INTERNAL INTERACTIVE TAX CHECKLIST
21. KEY DATES FOR SELF ASSESSMENT
22. MAXIMUM NI CALCULATOR
23. MORTGAGE CALCULATOR
24. NEW TAX CREDITS
25. PAYE TAX CODE CHECKER
26. PENSION CALCULATOR
27. PENSION- CERTIFICATE OF EARNINGS
28. PENSION PLANNING LETTER
29. PERSONAL TAX ORGANISER
30. PITA LETTERS
31. PRE-INCORPORATION QUESTIONNAIRE
32. SALARY V DIVIDEND MATRIX
33. SALARY V DIVIDEND MODEL
34. SAVINGS CALCULATOR
35. SHOULD I INCORPORATE - PRACTICAL GUIDES
36. SHOULD I INCORPORATE?
37. TAX GRAPHS
38. TAX LIABILITIES SHEET
39. TAX ORGANISER
40. TAX ROUTING SHEET
41. TRADING VEHICLE ASSESSOR 2003-04
42. VAT AND PAYE HEALTHCHECK
43. VAT ANNUAL SCHEME (1) CALCULATOR
44. VAT EXPENSE ANALYSIS
45. VAT FLAT RATE SCHEME CALCULATOR
46. VAT REGISTRATION NUMBER VALIDATOR
47. VAT RELIEF FOR BAD DEBTS
48. VAT SUMMARY WORKING PAPERS
49. VISUAL TAX PLANNER
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