Our Services
- Preparation of Accounts
- Self Assesment
- Business Taxation
- Tax Planning
- Company Formations
- VAT
- Starting a business
- Book keeping
- Auto Enrolment Pensions
- Payroll
- Capital gains/Inheritance tax
- Budgeting
- Consultancy/Software Training
- Fee Protection Insurance
PREPARATION OF ACCOUNTS
We can prepare financial statements for sole traders, partnerships, limited companies, limited partnerships or PLC's. You can be sure all accounts will be issued to comply with the relevant legislation.
Preparing your accounts gives us an excellent opportunity to review your records. We can show you a simpler method of maintaining your records to reduce the time you spend on paperwork, and increase the time you spend running your business.
SELF ASSESSMENT
All self-assessment tax returns are submitted online. This speedy and efficient service means your tax affairs are kept right up to date, and any tax repayments can be issued more quickly, sometimes within a week.
BUSINESS TAXATION
Business taxation includes income tax, corporation tax, National Insurance and VAT, which are very specific areas of the tax system. Our professional staff are on hand to advise on all of these areas.
TAX PLANNING
Quite simply tax planning will reduce your tax liabilities. Through our understanding of your business and personal circumstances we can advise the most tax efficient way to structure your affairs.
COMPANY FORMATIONS
We can form a new company with minimal time and fuss. Online creations mean we can normally have an electronic certificate of incorporation within 24 hours. Bank accounts can be set-up much faster with less time wasted sending forms back and forth.
Company secretarial services
Our company secretarial services include:
- Dealing with all aspects of share issues and transfers and preparing dividend certificates.
- The updating of all directors and shareholder details.
- The preparation of company board minutes.
- The statutory aspects of companies buying their own shares, capital restructuring and share reorganisation.
VAT PLANNING AND ADVICE
With several VAT schemes now on offer from HM Revenue and Customs, including Flat rate, annual accounting, invoice accounting and cash accounting, we can examine your business and advise on which scheme will best suit you and your business.
Once your business is VAT registered we provide a cost-effective service for preparing your returns.
STARTING A BUSINESS AND SELF EMPLOYMENT
How you decide to set up your business from the start can have all kinds of implications on taxation and development in the future. Should you set up as a sole trader, partnership or a limited company? Our staff can examine your business intentions and advise the best way to move forward.
BOOK KEEPING
The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping and accounting. That's something we can do for you, either at your office or at ours.
We can also provide you with regular management accounts to keep you informed on essential areas such as:
- Cashflow
- Profitability
- Performance ratios
- Customer activity
- Budget comparisons
AUTO ENROLEMENT PENSIONS
Under new rules being phased in from October 2012, employers are required to automatically enrol eligible members of staff into a workplace pension scheme and pay minimum contributions into the fund.
Find more information and detail on how we can help you here.
PAYROLL
Running a payroll is time-consuming and with ever changing legislation means it is prone to errors. Using the latest software we can provide a cost effective timely payroll function for your business including:
- Detailed printed payslips for each employee
- Automated payments (e.g. BACS) where required
- A detailed payroll summary
- Production of end of year forms such as P35 working sheets together with P14/P60's
- Online submission to HM Revenue and Customs
- Setting up new starters
- Issuing P45's on leavers
- Calculation of: SSP (Statutory Sick Pay)
- SMP (Statutory Maternity Pay)
- Student loans
- Holiday pay
- Court Orders/Attachments of Earnings
Our well-established payroll bureau will ensure that your payroll is processed accurately and on time, while you focus on your business.
CAPITAL GAINS INHERITANCE TAX PLANNING
Our knowledgeable staff can advise on and issues to do with capital gains and inheritance tax planning.
BUDGETING
Budgeting is an important tool in running your business. A comprehensive budget can help you monitor your business so that problems can be identified and actions taken before more serious problems arise.
We can help you monitor performance against budget, which will help you to make the appropriate decisions on a timely basis.
COMPUTER CONSULTANCY AND SOFTWARE TRAINING
We are members of the Sage Accountants Club and can supply directly:
- Sage instant accounting
- Sage line 50
- Sage payroll
- Sage line 100
Sage software Installation, training and support packages also available. Sage training can be provided on our premises or our clients.
We can also supply computer hardware to run Sage. If you are about to make any decisions relating to accounting software or computer hardware then contact us first. We will only be too pleased to discuss and give a demonstration of Sage software either at our office or your premises.
FEE PROTECTION INSURANCE
Within the system of self-assessment HM Revenue and Customs can now look into a tax payers affairs on a sample basis. Should such an enquiry take place, and even if your affairs are in good order, investigations can be expected to incur additional costs in accountancy fees. We can offer clients insurance to cover tax investigations at very competitive rates. You have peace of mind knowing, should you be investigated, you can afford to have our advisors give you the best advice and support throughout.
Our wide range of services are designed to offer our clients expertise in all areas. Contact us to find out more...
For further information on any of the above products/services please contact us at Newsham Hanson.
