Services

Summary of all the aspects of accountancy and book keeping service that I can provide.  Do not hesitate to contact me with any queries or special requirements that are not listed.

Accounting - covering all aspects of the following...

    PAYE/NIC control account,
    Net wages control account,
    Petty cash control account,
    Cash control account view Trial balance,
    Prepayments and accruals Preparation of the profit & loss,
    Accounts (monthly or quarterly),
    Credit card reconciled,
    VAT control account,
    Directors loan account.


Annual Accounts

    A financial year is usually a 12 month period for which you prepare accounts.  Every company must prepare accounts that report on the performance and activities of the company during the financial year.
    This starts on the day after the previous financial year ended or, in the case of a new company, on the day of incorporation.

    Financial years are determined by reference to an accounting reference period.


Book-Keeping

    Manage your monthly, quarterly and annual accounting with your Sales Ledger, Purchase Ledgers, and all petty cash & credit card transactions.


Business Plan

    An effective plan will provide you with procedures to minimise the effects of unexpected disruptive events. The plan should enable your business to recover quickly and efficiently, with minimal impact to your day-to-day activities.


Cash Flow

    Enables you to predict peaks and troughs within your cash balance. It helps you to plan borrowing and tells you how much surplus cash you're likely to have at a given time. Many banks require forecasts before considering a business loan.


Management Accounts

    Management accounts can help you make timely and meaningful management decisions about your business. Different businesses will required different management accounting needs, depending on the areas that are important to that particular business.
    These can include:
        the sales process - such as pricing, distribution and debtors
        the purchasing process - such as stock records and creditors
        a fixed asset register - details of all fixed assets, including identification numbers, cost and date of purchase, etc
        employee records
    There is no legal requirement to prepare management accounts, but it is hard to run a business effectively without them. Most companies produce them regularly - eg monthly or quarterly.


Payroll

    Starters and leavers,P45/P46 and filing online
    Payslip production
    Year end P35, P60 and P14
    Filing P35 Online as required by the Inland Revenue
        Holiday pay
        Sickness
        P11ds

 
Tax & Self Assessment

    Self Assessment involves completing an online or paper tax return. You tell HM Revenue & Customs (HMRC) about your income and capital gains (profits on the sale of certain assets) on the tax return, or claim tax allowances or reliefs.
    There are deadlines for sending your tax return in - and penalties and interest charges if it arrives late also HM Revenue & Customs (HMRC) wants to ensure that the Corporation Tax system is operated fairly and that their customers pay the right amount of Corporation Tax at the right time.
    To make sure this happens, HMRC makes enquiries into certain Company Tax Returns. These are known as 'compliance checks'.  HMRC can check something with you before or after you file your return.  But a compliance check will only to be carried out when HMRC has identified a risk in a company or organisation's tax position, or when a check is required as part of HMRC's random enquiry programme.

This guide provides a general overview of how compliance checks work for Corporation Tax and what happens when HMRC makes an enquiry into your Company Tax Return. It also provides links to guidance for large companies who are dealt with by HMRC's Large Business Service or Local Compliance.

VAT Return

    VAT can be a complicated and stressful matter, there are so many rules of what is allowable or not, exemptions to the general rules etc.   It is no surprise that errors will occur if you don’t have the relevant experience.
    We take away the hassle and worry of completing and submitting VAT returns, giving you time to focus on your business. Which means you have no worries about missing deadlines, or suffering fines and penalties.

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