Accounting

Some clients are able to produce their own forecasts and Management accounts; others either don’t have the time or the expertise to do this. We can help produce your Management accounts, giving focus to recent business performance, providing analysis and forecasts in areas such as cash flow and profits.  These Management accounts can be used to identify the profitability of different business areas or product lines to assess the efficiency of different parts of your organisation, thus assisting in financial decision-making.

Whether a sole trader, a partnership, a Limited liability partnership, or a limited company, we can assist with the preparation of your financial statements.

We can advise on and assist with the preparation of Statutory Financial Statements. Whilst we are not licensed for audit work, we can prepare a period end file ready for audit. 

We can help our personal clients with their annual tax return to ensure that it is filed accurately and on time. This also includes reviewing code numbers, planning tax payments and ensuring unexpected tax liabilities do not arise.

You can register us as your tax agent so HMRC will give us access to your tax records online. We can help prepare your annual Self-Assessment Tax return including property income, dividends, business accounts and any Capital Gains Tax calculations (see Capital Gains Tax section).

We can help you consider your exposure to Capital Gains Tax which applies if you make a profit on the sale of buy to let houses, second homes, commercial property, businesses, shares and any other investments or assets.

The level of Capital Gains Tax you pay is determined by the level of income tax you pay, the nature of the asset you are selling and any relief you might qualify for.

If you have disposed of an asset, we can offer Capital Gains Tax planning advice to minimise your exposure to tax or just help you calculate this, so you are aware of your net position.

We can provide bespoke advice which ensures your personal circumstances and wishes are fully considered, whilst achieving the optimum IHT position during your lifetime and upon your death.

Ian is also a probate practitioner which coupled with his wealth of taxation experience makes him a great partner to help you plan for the future.

Value Added Tax (“VAT”) is one of the most complex of taxes and requires careful planning to ensure that businesses do not under or overpay. We will work closely with you to guide you through the ever increasing and changing legislation in this area.

We can assist with the initial registration process, the selection of the most appropriate VAT scheme, advise on how to keep records (to ensure that the maximum amount of VAT is recovered), and help with completion of returns.

It is vital to file accounts and timely VAT returns to HMRC including reporting on European sales and purchases. There are heavy penalties should you fail to comply.

We are able to advise on PAYE issues and tax efficient remuneration packages, including share option schemes and Employment Related Securities compliance. We can help you agree a valuation with HMRC for the purposes of issuing EMI share options, or apply for advanced clearance the your company is qualified to issue EMI options.

Whilst we do not provide payroll services ourselves, we do work closely with dedicated payroll bureaus who are able to provide the necessary payroll support. 

We can provide advice and assistance with regard to employee benefits and the associated compliance.

We can provide support with regard to normal annual compliance as well as guidance for key events in your business life cycle including business start-ups, business acquisitions, business disposals or perhaps your own retirement form the business.

We can advise you on the choice of structure to meet your longer-term goals in the most tax efficient manner ensuring that the family wealth is optimised. 

As with Wealth planning, succession planning is key for peace of mind, whether you are thinking in terms of your business, or your personal estate. We can advise on both personal and corporate tax issues to help you achieve your desired aims.

Many companies need to raise funds at some point in their lifetime and good advice is key to getting the best deal, both in terms of flexibility, time period and cost. There are many schemes such as Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) and Venture Capital Trust (VCT) that may suit your business. We can walk you through all your options, and help with the compliance process from advanced assurance to submission of EIS/ SEIS claims and issuing certificates to investors. We can also advise on the impact of business events on existing EIS/ SEIS investment.

If you are selling, or buying, a business tax advice is important to making sure you get the best deal and understanding the tax implications. In some cases it may be necessary to restructure the company business beforehand. We can advise on the most tax efficient structure and on all tax aspects of the purchase or sale of a business, including financial and tax due diligence and tax warrantees, as well as your personal tax position following a sale.