Services

Accountancy

We are able to provide accountancy services for all types of businesses, including sole traders, partnerships (including LLPs) and limited companies, as well as for certain specialist professions and occupations, including solicitors, estate agents, tour operators, local authorities and medical practices.

Our services include the preparation of annual financial accounts to comply with accounting standards and any relevant legislation, and sufficient for the purposes of HM Revenue & Customs. We are more than competent to prepare the accounts from whatever bookkeeping system or accounting records are provided to us, whether in the form of manual records, spreadsheets, or any computerised system, for example, Sage, Quickbooks, TASBooks, etc.

We are more than happy to make whatever recommendations may be necessary to improve the record-keeping requirements to assist both the client and ourselves, thus helping to reduce costs, and to help to meet the expectations of HMRC.

Audit

We are able to provide both statutory audit and non-statutory services to any small company or local authority that may be required to have their accounts audited; for example, subsidiaries of overseas large companies or Town and Parish Councils.

As registered auditors, we are also able to provide the required Accountants’ Reports under the Solicitors Accounts Rules, or similar.

Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 1165215. Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants.

Taxation

Our service includes personal, business, trust, and corporate taxation services, paying particular attention to advice and tax planning, including Estate matters, Capital Gains Tax and Inheritance Tax. We are readily able to produce personal, partnership, trust and company self-assessment tax returns with the use of our computerised system, and to file these with HM Revenue & Customs online.

All limited companies’ Accounts, Corporation Tax Returns and the accompanying computations are required to be submitted online to HMRC in iXBRL format. We are readily able to achieve that with the use of our software.

As part of our service, we prepare the necessary computations and calculate all liabilities for corporation tax, income tax, national insurance and capital gains tax for the purposes of those Tax Returns completed, and advise as regards to any potential payments that may or are expected to arise.

Taxation matters dealt with also cover PAYE, NIC, VAT, HMRC Enquiries and compliance reviews. In this regard, Clients of the practice are eligible to join our Tax Compliance Service at a reasonable cost which includes some financial assistance to meet the fees arising from any HMRC enquiry or dispute.

A General Anti-Abuse Rule has been in operation in the UK, which enables HM Revenue & Customs to further tackle abusive tax planning schemes. Due to the low probability of eventual success of such schemes and the high ethical standards of this firm, it is our policy not to advise on tax schemes that we consider to be artificial or aggressive in nature.

Payroll Services & VAT Returns

These services include the preparation and online submission of all in-year returns to HMRC for Real Time Information (RTI) purposes, and the required annual employer and employee Returns, and to submit these to HMRC online. Where necessary, we can also prepare the annual P11D forms required for directors’ and employees’ benefits and expenses.

We can prepare VAT Returns for clients using whichever method or scheme that is deemed to be the most appropriate to include the cash accounting scheme, the flat-rate scheme, and the annual accounting scheme, as well as dealing with those businesses that are partially exempt.

Systems & Financial Management

For both new and existing businesses, we are able to advise on accounting systems of all kinds, including manual and computerised, the installation of computer systems for management accounting purposes, and budgetary control and costing systems.

As part of this process, we can advise on how best to set up your systems to facilitate the preparation of VAT Returns, and also to assist us, and therefore reduce costs, in the preparation of the annual Financial Accounts.

Business Development

We have had considerable experience in advising upon all kinds of financial, taxation and general matters for our clients and particularly for those whose businesses are growing and who need a comprehensive service to aid and to control their proper development.

Management Accounting & Consultancy

In close liaison with our clients, we are able to provide a periodic management accountancy service using the client’s own records, be they manual or on a computer, to monitor the business’s performance during the course of the year, and to identify any relevant trends.

In conjunction with this service, or solely with reference to the client’s own management accounts, we can provide an in-year consultancy service to analyse and discuss the direction and needs of the business, which can include advice as regards to any tax planning measures that may be considered worthwhile.

Limited Companies

In addition to forming limited companies (with detailed attention to the specific requirements of the client’s business) we provide a company secretarial service which covers all the regulations of the Companies Acts.

We can prepare minutes for board and general meetings of the company, to include any formal resolutions passed, as well as any dividend vouchers that may be required.

We can maintain the company’s statutory books and records and provide a service for the secure online filing of forms to Companies House.

If required, client companies can use our own offices as their registered office address, at no extra charge.

Town & Parish Councils

We are a leading provider of council training, advice and internal audit in and around Surrey and Sussex. We have extensive knowledge and experience with Local Authorities from the smallest parish council to the larger Town Councils. We also provide training and advice and work very closely with the Surrey and Sussex Association of Local Councils.

We provide an internal audit service, where we review Systems, policies and procedures, financial accounts and provide a detailed report that includes inherent risk assessment, detailed plan and working papers to support all areas of the annual return.

We have had many years of experience working with councils and regularly offer training to clerks and councillors on audit, VAT and finance.

Provision of VAT consultancy advice – The VAT consequence of not making the right decisions relating to major projects before they happen can be very expensive, early consideration of the VAT implications is essential.

New Businesses

The clientele of the practice includes many businesses which were originally started under our guidance. We are able to explain and provide guidance as to the different forms of business, ie. sole traders, partnerships, joint ventures, limited liability partnerships, or limited companies.

We are pleased to advise and assist all new businesses of their statutory obligations to HM Revenue & Customs as regards to taxation, PAYE and VAT, and to advise and assist on the accounting records and systems needed to comply with all relevant record-keeping legislation, HMRC, or any recognised professional body or organisation.

We still retain, as strongly as ever, our enthusiasm in helping the newly established business and identify closely in assisting towards the solution of any initial problems encountered. These services extend to advising in the matter of partnership and shareholders’ agreements, etc. in liaison with the client’s legal advisers.

Business Finance & Valuations

We are consulted in connection with the obtaining of finance for our clients’ businesses and are able to prepare the cash flow and profitability forecasts we consider essential and are often required by the banks and other financial institutions.

Our services also include advising on the purchase and sale of businesses, and preparing valuations of businesses and companies.

Estate & Trust Accounts & Taxation

The work of our practice includes accountancy and taxation matters relating to Estates and Trusts.

We are able to prepare the Accounts of an Estate for the period of Administration and attend to the preparation of any Tax Returns or Forms as required by HM Revenue & Customs.

We are also able to prepare the annual Accounts required for all types of Trust and attend to the preparation of Trust self-assessment Tax Returns and the tax deduction certificates for the beneficiaries.

Property Rental Income

We are able to prepare separate Rental Income Statements, as required under the Taxes Acts, for all properties that are let, be they owned by individuals, in partnership, or by companies or Trusts.

We are also able to produce all necessary Property Income pages, from the Rental Income statements prepared, for the purposes of properly completing the self-assessment Tax Returns that are required by HMRC.

Basis of Fees Charged

Our fees are based upon the time and level of skill, expertise and experience of the personnel involved, and the nature and complexity of the work undertaken. We are always prepared to discuss our estimated costs prior to the engagement.

We do not usually charge for any initial consultation prior to our formal engagement.