Accounts

By: Philip Sanderson Accountants Ltd  18/11/2010
Keywords: accountants, tax consultants, book keeping

 The services we offer include:-

      • Accounts Preparation and Tax Returns

  • VAT Returns
  • Payroll
  • Tax Advice & Tax Planning
  • HMRC Tax Enquiries
  • Tax Consultancy
  • New business start up advice

Accounts Preparation and Tax Returns for Sole Traders, Partnerships, Trusts and Limited Companies

We are happy to accept your records in whatever format you use, and we will then prepare your annual accounts, and your tax returns. We are registered with HM Revenue & Customs (HMRC) to electronically file all tax returns. In the case of Limited Companies, we will also file a copy of the statutory accounts with Companies House.

VAT Returns

We can write up your records, or use the records you have already prepared to complete your VAT Returns. We can also advise on various VAT schemes, and which may be best for you. It is often possible to reduce the VAT burden with a careful review of your overall VAT position.

Payroll

We can run the whole of your payroll on your behalf. You just need to give us the information, and we will process it and put it into the format required by HMRC. We will also prepare pay slips and will advise you what and when to pay HMRC. We also deal with all year end returns.

Tax Advice & Tax Planning

There are a number of ways to legitimately reduce the tax burden. By taking advice before entering into any transactions, it is often possible to substantially reduce your tax bill. Needless to say, we will only advise on legitimate ways of reducing tax liabilities.

Tax planning is relevant to all taxes

:

  • Inheritance Tax
  • to minimize the amount payable to HMRC and maximise the amounts available for your family

  • Capital Gains Tax
  • to ensure you plan matters to take advantage of possible ways to reduce your tax bill. For example, It is always better to plan for ways to reduce CGT on a future property disposal at the time of purchase rather than the time of sale.

  • Income Tax
  • to ensure you have the best business structures and remuneration packages in place. There are a number of ways to legitimately reduce income tax and we can advise on how best to achieve this.

  • VAT planning
  • can sometimes save many thousands of pounds, by making sure that a transaction is structured correctly. Are you using the most tax efficient VAT scheme?

  • Establish the difference between turnover, cash flow and profit.  Failing to manage all three is the biggest challenge facing a new business.
  • What is the best trading format, a company or a sole trader or partnership?
  • Notify all of the relevant tax authorities
  • Do you need to be VAT Registered, if so how can you reduce your overall VAT costs?
  • Do you have any workers. If so are they employed or self employed? (This is not your decision, but must be based on legislation)
  • What Insurances do you need?
  • Do you need to be registered with any statutory bodies; eg Data Protection, Money Laundering etc
  • What is the best way to maintain your accounting records
  • Have you got appropriate bank accounts, credit cards etc set up?
  • We can help

    you through most of the stages of setting up your new business

    Keywords: accountants, book keeping, bookkeeping services, Payroll Services, tax advisers, tax consultants

Contact Philip Sanderson Accountants Ltd

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