We prepare financial statements for incorporated and unincorporated business. Following the preparation of these financial statements we also file them with the relevant bodies; HMRC and Companies House.
In addition to the preparation of financial statements, we also take care of your business tax computations and corporation tax computations.
During the financial year we compilate your management information and look to forecast business profits and the subsequent tax liability resulting from these profits.
Business profits, director salaries and dividends all feed in to the self-assessment tax return.
As your business' accountant and tax adviser we are best placed to look after your personal tax affairs too.
We can prepare and submit your annual self-assessment tax return with HMRC.
Whether it's just yourself or you have employees, our payroll team has you covered. They'll take care of everything from setting up the PAYE scheme, year-end reporting and everything inbetween.
The payroll function works closely alongside the tax planning service to ensure you're maximising your earnings in the most tax-efficient way.
All of the businesses that we work with keep their records on Xero.
Xero allows us to submit your VAT returns directly to HMRC and it also allows us to have a real time view of how the business is performing. Xero allows us to inform you of the current VAT liability on a monthly basis, this helps business owners gauge what their quarterly VAT bill will look like.
In addition to VAT return compliance we have expertise in advising businesses in the more niche areas of VAT.
Our tax planning service is what we believe makes us stand out.
We review business profitability on a quarterly basis and discuss the results with you throughout the year.
This provides plenty of opportunity to plan for year end tax liabilities and also how these liabilities can be mitigated, for example through pension contributions, fixed asset renewals etc.
Here's what one business owner had to say about our services:
"A Huge thank you to Tom L for assisting me with my accounts and his endless patience with all of my questions and being so helpful with the process of closing my business. The tax planning service was excellent and I would, and have, highly recommend him to my contacts who need an Accountant who provides quality service at an affordable price!"
S James - Limited company director.
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