Services for your business
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Self-assessment is a tax system HM Revenue and Customs (HMRC) uses to collect Income Tax. It is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return. taxpayers are responsible for paying the correct amount of tax on set dates, without waiting for HM Revenue & Customs to demand this.
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You can complete an online self-assessment or fill in a paper form and post it. HMRC will be in touch if they want you to file a personal tax return.
If you do not have the time to file it and do not want to miss the deadline or face the penalties it brings, we can save you a lot of time, worry, and money by handling your self-assessment. We will do all the necessary calculations and paperwork, complete your return, and even offer advice on how you can minimise your tax liability.
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Whether you’re a sole trader, a subcontractor or an employer running your own business you can’t avoid “Tax” but we can help you to understand what taxes you need to pay and when and help your business to reduce its tax liabilities using tax efficient methods.
A business run as a partnership shares control, responsibility and finances between 2 or more people. The partners are responsible for managing the business and are "jointly and severally" liable for any debts incurred by the business, and the profits are shared between the partners based on pre-agreed percentages.
Advantages:
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Business partnerships are relatively easy to establish; make sure time is taken to draft a partnership agreement to avoid future problems.
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With more than one owner, borrowing money and raising capital to invest in the business may be easier.
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The business can benefit by using the partners' knowledge base and experience.
Disadvantages:
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Business partners are liable for the actions of the other partners.
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Business partners, like sole traders, are liable for the actions of the business.
Since decisions are shared, disagreements can occur, and therefore the decision-making process can take longer.
Having trouble working out what’s around the corner? We‘re here to ensure your future projections are realistic and achievable. We can help with balance sheets, profit and loss and cash flow forecasting.
If you’re a limited company, you need to allow for your Corporation Tax bill. We can help you work out what you owe, by when, and how much to pay HMRC as well as ensuring you meet your reporting requirements.
Administering your payroll can be time-consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
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We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service, including Customised payslips, Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc, Completion of statutory forms, including year-end returns, to issue to your employees and submit to HMRC, Summaries and analyses of staff costs, Administration of incentive schemes, bonuses, and ex-gratia and termination payments, Administration of pension schemes
Bookkeeping is the recording of financial transactions and is part of the process of accounting in business, and you may get into a financial muddle if you lose track of your bookkeeping up to date. Our bookkeepers are professionally trained to be accurate, efficient, and knowledgeable about business specifics.