The preparation of accounts for a business is as involved proportionate to the size and complexity of the business itself. Different accounting principles and rules apply depending on the type, size and structure of the business i.e. that of a sole trader, a partnership or a limited liability partnership or limited company.
AUTO ENROLMENT…DON’T IGNORE THE WORKPLACE PENSION-IT’S THE LAW.
Small employers are now, or shortly will be obliged to enrol eligible employees into an approved pension scheme, with both making percentage-based contributions to a dedicated pension provider’s scheme, on an ongoing basis.
Employers, please don’t leave this obligation on you until the eleventh hour, seamlessly set up a workplace pension solution, right here, right now and in under 10 minutes: Form A Workplace Pension. Job done!
Aside from your business’s compliance obligations, the business owner will be mindful of its future viability and success.To this end, I am able to provide future cash flow, and profitability forecasting, utilizing the best and latest technology in this field.
BUSINESS TAX & CORPORATION TAX
Business tax or small business tax accounting essentially involves adjusting the net trading profit of the business of a sole trader or that of a partnership for tax purposes and then deducting a claim for capital allowances
If a business is conducted through a limited liability company, then that entity is subject to corporation tax on its profits, again adjusted for tax purposes and a claim for capital allowances. The current rate used for corporation tax calculation for small companies is 19%.
CLOUD-BASED (COLLABORATIVE) ACCOUNTING SYSTEMS
Aiming to provide timely management information and simplify the production of accurate annual accounts for compliance purposes.
I use and recommend to my clients, cloud-based collaborative systems from the following options: Freeagent, Sage One, Quick Books Online, Xero Online Accounting Softwareor last, but not least, Kashflow. I also provide related accounting advisory services. Ideally I shall oversee and maintain the whole process, verifying client postings of the prime records, and thus readily producing an accurate trial balance and management reports etc.
COMPANY FORMATIONS & SECRETARIAL
I shall assist you in forming a limited liability company, as required, and in the ad hoc, and recurring, administrative statutory duties, that your company will have to meet, to comply with the companies act, and with the Registrar of Companies, i.e. Companies House.
I am prepared to maintain payrolls for small businesses; the Kashflow software I use, can be set up to directly pay respective employees from the business bank account . Additionally P11D’s,annual returns of employee’s benefits and expenses, produced as and when required, together with other statutory filing requirements.
Personal taxation encompasses returning ones different sources of income, both earned and unearned for an individual on a self assessment income tax return for a given tax year ending 5 April.