Compliance services:
As tax regulations are constantly changing, it is important that you have the support and knowledge to stay compliant and minimise the risk of late or incorrect filing penalties. The compliance service is here to make sure that you have a clear and free mind to do the things you enjoy.
Tax returns for sole traders and partnerships:
Filing your self-assessment form can be confusing. Understanding how to declare income and grasping taxable deductions and allowable assessments can be an ordeal. The penalties for just a basic error can be severe.
Avoid the ordeal and stress and let us complete and file your tax return.
Limited companies accounts and tax returns:
If you have a limited company, you will be helped with account preparation, knowing what basis of accounting to use, tax preparation, tax advice, registering an office and bookkeeping. Letting The Accountancy Firm deal with your accounts and taxes leaves you to do what you do best.
Landlords:
As a landlord, making sure you keep your portfolio compliant is very important. At The Accountancy firm, we help you with rent accounts and completing and filing taxes. As a client, you will be also helped to find the most tax efficient business structure that fits in with your short, medium and long-term goals.
Tax enquiries and disclosures:
Being the subject of an HMRC investigations can be incredibly stressful and worrying. These investigations can take anything from a few weeks, months or even years. Sometimes the penalty fee can exceed the tax due. But don’t feel you are alone. The Accountancy Firm can support you by contacting HMRC on your behalf.
If you feel that you may have undisclosed tax liabilities, we advise that you disclose it to HMRC as soon as possible. The Accountancy Firm can help guide you through the process, so that you get the lowest possible penalty.
If you have received a letter from HMRC asking you to disclose further information about your financial circumstances, then call us on 01902 906 906
Book-keeping and management accounts:
Keeping a good set of books means that you can be proactive with your business. Being able to be proactive in your business gives you the space to make quicker decisions.
Management Accounts are not a statutory requirement, but they are necessary for your business to grow in a sustainable way. They measure the performance and health of the business, and this means you can: make informed decisions, gain control of cash flow and measure performance in the business.
But if looking at figures is not your thing, then we can help you. As your advisors, The Accountancy Firm can make sure that your books are in good order and give you a detailed picture of your business’ health.
Trust accounts:
If you want to make sure that your assets, property and cash are passed down to beneficiaries in a tax efficient way, then having a Trust is the way forward. Having a Trust is often seen as a method of wealth preservation.
To keep you compliant, The Accountancy Firm helps you with preparing annual accounts, tax returns and notifying you of any changes.
Payroll and auto enrolment:
Expanding your business by employing people is exciting. However, taking on the payroll on top of everything else might take the joy out of expanding. Trying to meet your legal obligations with the people at HMRC can be confusing and complicated.
Working with The Accountancy Firm helps give you a structure and process for payroll and auto-enrolment and remove the daily pressure. This will free your time up your time to enjoy real relaxing downtime.
New business start-up advice:
Starting up a new business can be daunting, but it doesn’t need to be. When you start a business, nobody tells you what your tax obligations are (or that Tax is fun) or whether you should be a sole trader or go limited. At The Accountancy Firm, you will be given advice that fits in with your overall goal. Just having that impartial voice can make the difference.
Business plans and forecasts:
When setting up your business, it can be so easy to just start. Although that shows initiative, what you miss out on is the thorough analysis of whether your business is viable or not. A business plan and forecast are also essential when looking for a cash injection from a lender. The lender needs to know that you have a vision for the future.
The Accountancy Firm can help you understand whether your projected numbers are in line with your future.
Wealth planning and protection:
Being Wealth Planners, our role is to help you see the bigger picture and design your future. Creating and preserving the wealth you need for a comfortable retirement is the reason you are in business. Through not having a clear picture of your retirement pot and your tax liabilities, this will lead to you having a financially insecure future. Therefore, effective wealth planning advice is essential to your future.
The Accountancy Firm will help you gain a clarity of your personal and business wealth alongside working together to solve any tax liabilities.
Company formations:
Whether it is your first or eighth company, setting up a company is not always straightforward. The Accountancy Firm is here to give you peace of mind when it comes to being on the right lines. During this process, you will be helped with setting up Corporation Tax, PAYE and VAT and finding the most suitable accounting system for you.
Use of a registered address:
The best thing about the 21st century is that you can work from anywhere. However, it is mandatory as a limited company to have a registered address. If you feel uncomfortable about providing your home address, then as your advisors we can provide you a registered address.
Office space:
All clients of The Accountancy Firm have access to our meeting rooms.
It can be costly and often time consuming for you to find an adequate venue to hold a meeting, workshop or training event. At The Accountancy Firm, we take the stress and hassle away from you by letting you use our meeting space for free. Our aim is to help you grow your business by helping you host meetings in a safe and confidential space.
