Self-employed

Working for yourself can be daunting. With the support of your accountant the prospect can be made easier.
If you work for yourself we will prepare your accounts and explain how the figures are arrived at and what they mean!
If you want we can complete your book-keeping, complete your VAT returns and handle your payroll.
We will make recommendations where necessary that will be tax efficient and suggest those that will enable the business to flourish and prosper.
We will complete your self-assessment returns on time and calculate your tax liability for you and provide support and advice.

Payroll

Employing staff is actually a greater headache to the business owner than taxation.
Accountancy Services will calculate your employees' wages and provide you with payslips and a summary of the payroll run.
We can calculate the wages on a weekly or monthly basis;
track holiday pay, sick pay, maternity pay, pension contributions and attachment of earnings and handle working families tax credits.
We will keep you informed of changes in legislation, the minimum wage and holiday pay for example.
We will complete p45's, p46's and process your employers' end of year return and p60's.

Book-keeping

Keeping records can be a very time consuming business. If you keep the books yourself, there will come a time when there are not enough hours left in the day.A good way of improving time management is to release the burden and delegate the task to some one else.
We can offer a service that provides you with the management information that the most up to date software can provide and liberate some of your most valuable resource, time.
Accountancy Services can advise which will be the most suitable system to use and we can provide training to staff if you decide you want to keep the process in house.

V.A.T.

VAT is a subject that strikes fear into many business owners. The truth is that the under the European Union the situation has become more complex not less! The reporting requirements have actually increased especially if you Import or Export products.
Accountancy Services can maintain your book-keeping tasks and complete your VAT return on your behalf or we can review your book-keeping and file the VAT return for you.
We will advise you with regard to the different accounting options available. Should you be registered for VAT and how to register. Whether the accruals or cash accounting basis is the best option. Or quarterly or annual accounting suits the business best.

Limited Companies

Due to the changes in audit thresholds and annual reporting requirements and the incentives of lower Corporation Tax more and more businesses are becoming incorporated.
There are a number of fundamental differences between Working for yourself and running your own company.
Accountancy Services will provide the support you need to make the transition as smooth as possible.
We will advise you how to pay the Directors efficiently, deal with Directors and Employees benefits. We can prepare the financial reports and make sure the abbreviated report is submitted to Companies House.