| Individual Compliance
Services Business
Compliance Services
Payroll
Can
be a complicated area - but not if you use our services, because we deal with
all of the issues of the ever increasing complexity of taxation and employment
legislation. You provide us with basic information about your employees and we
do all the rest … with a standard turnaround of less than 3 days to provide
you with payslips and peace of mind that all the calculations are expertly carried
out. Whether you have just 1 employee or a 1000, our service will take the strain!
- Our
service is comprehensive and confidential and includes:computer generated payslips
- administration of PAYE, national insurance, statutory sick pay, statutory
maternity pay, etc
- completion of statutory forms (including year end
P35, P14 & P60 tax returns)
- summaries and analysis of staff costs
- notification of payroll tax liabilities and payment dates.
- we
can also deal with notifying your bank of the payments due.
Bookkeeping
We
can relieve you and your business of a significant burden by taking care of all
your bookkeeping needs. This ranges from making use of our in-house, or on-site,
bookkeeping bureau to deal with day-to-day bookkeeping and VAT returns to your
annual bookkeeping in preparation for your annual accounts. We will treat every
business individually so that we can tailor our approach to your requirements.
Besides the core bookkeeping, we can also maintain your VAT records, prepare
your payroll and take on ad hoc projects to free up valuable time for your staff. Computerised
Accounting
We believe that computerisation is a great boon to bookkeeping
- so we provide training and support for both Sage and QuickBooks, two of the
most popular bookkeeping packages available. We can use our skills to help improve
your efficiency and help you, our client, to set-up their own accounting systems
to be efficient and effective. We are Sage Accountants Club Members and can supply
software and hardware if necessary. VAT
Returns
Dealing with VAT can be straightforward … but sometimes
is not! We can deal with this for you as part of our bookkeeping service, or can
review your bookkeeping and help you to produce the quarterly returns. Management
accounts
A really important part of our compliance services is the preparation
of periodic management accounts. Monitoring and controlling the financial performance
of your business is of paramount importance and regular management information
is vital to the continued success of your business. We can either carry out this
function for you or help you set-up internal systems to generate the information.
We will also take this service one step further by interpreting these figures
for you and making suggestions to help you improve your profits or to help your
business grow … check out our 'Boardview' service. In particular we
recommend that you make use of the monthly 'One-Page Plan' as a major part of
your management information. Annual
and Statutory Accounts
If you are a limited company then you are required
to prepare accounts, in a statutory format, that must be filed with Companies
House and also with the taxman. For unincorporated businesses the accounts don't
need to follow a statutory format but are still required by HM Revenue and Customs.
We can help you by preparing your accounts and filing them with Companies House
and HM Revenue & Customs for you. Statutory
Audit
If you are a limited company and your annual turnover is in excess
of £6.5 million then it is a legal requirement to have your annual statutory
accounts audited. Even if your turnover is below £6.5 million then there
could be occasions when you are still legally required to have an audit. You can
also have an annual audit voluntarily.
We don’t do audit work ourselves so we partner with other specialist auditors to give you the most cost-efficient service possible.
Charity
Accounts
Charities and Churches have different accounting and statutory
reporting requirements - but they still need accounts. So, we have the necessary
skills to prepare charity accounts and to act as independent reviewer and can arrange for independent audits as well..
Taxation
Corporate
& business tax will represent a substantial cost to any profitable business,
not only in terms of the tax itself but also in compliance with reporting obligations,
investigations with tax authorities and penalties for non-compliance.
We
can help you minimise your corporation tax payments and relieve you of the administrative
burden of complying with tax legislation. Obviously as your advisors we would
prepare the tax computations, and prepare and submit any necessary tax returns,
but also we will deal with all business tax matters, including: Partnership
tax
Can be a difficult area of business tax, but not for us! We
can deal with partnership changes, partners salaries, capital and revenue profit
shares to mention just a few of the intricacies! Corporation
Tax
Whether you are a family owned company or a subsidiary of a
multi-national corporation tax is important! Non-corporate dividends, transfer
pricing, associated company rules - you may not have heard of them … but
we have the necessary skills and knowledge to deal with all this and more! Subcontractors
Tax
If you are a subcontractor or a contractor then you need to comply
with the increasingly stringent and complex rules. But help is at hand! We can
help review your status and help you to put in place the appropriate safeguards
and procedures … as well as dealing with the necessary tax returns. Personal
Tax
In 1996/97 self assessment was introduced to help ease the burden
for unincorporated businesses. If anything, it has actually added to their burden.
We can help to relieve you of this by preparing your annual self assessment tax
return. We can also deal with any necessary capital gains tax computations
and inheritance tax computations for you. We specialise in looking after
the personal tax affairs of high net-worth individuals. Tax
Planning
A key service we offer to clients is in the area of taxation
planning, aimed at minimising your future tax liabilities. We provide this for
both income and corporation taxes and for capital gains and inheritance taxes. Company
Formation Services
Forming a limited company is easy for us … but
then anything is easy if you know what all the answers are! But for most client's
it is something that you want taken care of by an expert. We can deal with all
aspects of forming a limited company for you including: - We will check
your proposed name
- Provide the certificate of incorporation
- transfer
the subscriber share
- 4 copies of the memorandum & articles (more available
upon request)
- Provide a loose-leaf Statutory Register
- completion
of forms to appoint directors and secretary
Optional extras are: - a
company seal
- completed Statutory Registers & board minutes
- completed
VAT registration application
- completed PAYE registration application
- Bank
account opening forms
- Completion of forms to issue shares
And
… we normally do this within 24 hours! Company
Secretarial Services
When running a hectic business you cannot afford
to use valuable time making sure you are complying with the Companies Act. However
you do need to be aware how this legislation affects your company and its directors.
We can help by carrying out the company secretarial duties for you. Our services
include: - company formations
- preparation and filing of statutory
returns
- preparation of all documentation (such as minutes and resolutions)
- maintenance of statutory books (share register, minute book, etc)
- general
advice on company law
Company
Registered Office Services
Sometimes it is easier to use our office
address as your registered office - so this is a service that provide! Fee
Protection / Tax Compliance service
You are probably aware that the
tax authorities are channelling additional resources into collecting more tax
and VAT through enquiries and in challenging the status of sub-contractors. As
a result all businesses are now more likely than ever before to face an enquiry,
whether random or targeted. Defending clients in these circumstances is an area
in which we have years of expertise but the costs can be considerable and can
drag on for many months. Even if no additional tax is found to be due, you could
face significant costs. Insurance company statistics show that the average cost
of a tax investigation to be about £4,000! But we offer to deal with
this for you for a very low fixed price. We offer TaxSafe tax compliance
service as part of our service to our clients. TaxSafe is not an insurance
policy as defined by the Financial Services Authority. It is a service provided
by us that is backed by an insurance policy taken out by Jonathan Vowles Chartered
Accountants to cover the costs of any investigation into our client's tax affairs. Tax
Investigations
Tax investigations have been with us for a long time
and we have years of expertise in looking after clients whilst they suffer a tax
investigation - however, the costs can be considerable and investigations can
drag on for many months so we recommend that you use our tax compliance service
to fix your costs. IR35 / CIS /
PAYE Status enquiries
This is very much a specialism within tax investigations,
but its one that we have increasing experience of over the last few years. Financial
performance review
We will carry out a financial performance review
of your business. This will be in the form of a detailed report which includes:
- graphs and charts illustrating how your business has performed this
year
- ratio analysis to highlight areas of strength and weakness
- detailed
commentary advising you which areas of the business can be improved
Confidential
Performance Report
This report is a fantastically powerful tool. We
compare your financial performance to other similar businesses and then… - highlight
your strengths and weaknesses
- give you information on things to improve
This
can be a dramatically important tool for evaluating and improving your business. Business
planning
Every business must plan ahead in order to ensure success,
but it is too easy to succumb to the daily pressures of work and delay or ignore
planning. The result of poor planning is often rushed and misinformed decisions,
over/under capacity, inefficiency and missed opportunities. Every business
owner needs to invest time in developing a long-term plan, starting with what
you want to achieve from your investment and what your reasons for being in business
are, and then developing a plan to help achieve these objectives. We have
a considerable pool of experience and expertise to draw on to help you to plan.
The financial aspects are usually the backbone to any business plan and you need
to ensure that this aspect has been adequately dealt with in your plan ... but
the best plans start with a clearly identified and communicatable goal - the place
your plan is going to take you to. What is more, the best plans become
a regularly used business tool, pretty much a roadmap to help you guide your business
forward towards your goal Business
start-up
Most people who start up in business do so because they have
a good business proposition, not because they are experts in the financial aspects
of running a business. These factors can often be quite daunting to the entrepreneur
and this is where we can help by evaluating your ideas and helping you develop
them into a feasible business. We can also help you: - decide
on the most suitable structure for your business (i.e. sole trader, partnership
or limited company)
- prepare a business plan, cashflow projections, budgets
and trading forecasts to prove the financial viability of your ideas and demonstrate
this to the bank / potential investors
- assess your finance requirements
and access the most appropriate source of finance
- help you establish
relationships with banks, solicitors, etc via our well established network of
contacts
- carry out registration procedures with Companies House, Inland
Revenue or Customs and Excise
- set up an internal accounting system which
complies with statutory requirements
In fact we feel that start-ups
are so important that we designed our SureStart process
- and more details can be found in our added value services. Call us for a free
initial consultation to find out how we can help your ideas become reality. Business
valuation
One of our key objectives is to help our clients increase
the value of their business. Each year we can carry out a valuation of your business
using software developed by AVN The Accountants. We will produce a detailed report
showing the current value of the business and ideas on how you can maximise its
worth. | 
