If you are self-employed and earn over £1,000 a year or you are a partner in a business partnership you will have to fill in a self assessment tax return each year. You may also need to send a tax return if:
- You rent out a property
- You earn tips or commission
- You earn income from abroad
- You have income from savings, investments or dividends
Self Assessment can be a lengthy and time consuming process, which can require an in depth understanding of the system and can be made much easier if carried out on your behalf by a qualified and experienced accountant.
We take away all of the hassle and stress of completing your tax return and ensure that it is submitted before HMRC’s deadline so you do not incur any penalties. Don’t leave it until the last minute – contact us today and we can make sure your self assessment tax return is completed and submitted on time.
We can provide a full computerised bookkeeping service designed around you and your business, including:
- Profit and Loss Statements
- Balance Sheets
- Debtors Lists
- Creditors Lists
- VAT Analyses
- Budget Comparisons
- Prior Year Comparisons
We partner with Intuit QuickBooks and can give you all the help you need to get you set up and managing your business records digitally.
As experienced and qualified accountants, we prepare accurate accounts for submission to HMRC.
We produce reports for all of the information that you required to include in your annual accounts. For example:
- Profit and Loss Statement
- Balance Sheet
- Debtors List
- Creditors List
- VAT Analysis
- Budget Comparison
- Prior Year Comparison
If you work in the construction industry, whether as a contractor, subcontractor or on a construction site as part of your day-to-day duties, the work you carry out may fall under the Construction Industry Scheme (CIS).
We work with a number of clients in the construction industry and can provide a full CIS accounting service, including:
- Register your business as a contractor with HMRC
- Verify new subcontractors and inform you of the correct tax deduction rate
- Check all CIS tax deductions including qualifying materials
- Complete payment and deduction statements to provide to your subcontractors
- Submit your monthly CIS return to HMRC
- Register ourselves as your agent, which authorises us to deal with all your HMRC correspondence
As a VAT registered sole trader or limited company you are responsible for completing VAT returns. Our VAT service takes away the administrative burden for you and includes:
- Guiding you through the VAT registration process
- Ensuring that you are using the correct VAT scheme for your business
- Completing your VAT returns
- Reconciling your VAT control account
More often that not your VAT return will be prepared alongside your accounts. This means that you have regular periodic insight into how your business is performing, and ensures that your filing is carried out efficiently.