Man

We could prepare your Sole Trader Accounts, Partnership Accounts, Limited Company Accounts or Limited Liability Accounts (LLP). Accounts will be prepared according to the UK GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards) as required. We will work with you closely to prepare you accounts as soon as you complete your accounting year.

Taxable income includes: earnings from employment, earnings from self-employment, most pension schemes (including state, company and personal), interest generated on most savings accounts, income from shares, rental income and income paid to you from a trust, Gifts. Essentially you can and will be taxed on almost everything you earn that is above your personal allowance.

Our VAT experts would provide advise how to 'save money' by registering for VAT and selecting most appropriate VAT scheme for your business. We could also provide VAT working templates, if you prefer to maintain your books in-house. Our 'Pre-formatted VAT Working Templates' are easy to use and up to date with the current legislations.

All the active Companies in the UK have to file Corporation Tax Return, usually called CT600 to the HMRC. Once you incorporated the Company, HMRC would contact you requesting further details to setup you Company records for Taxes. You will also receive separate tax reference for Company. Limited Companies have different tax rules and the deadlines when compared to Sole-traders or Partnerships.

Some businesses would prefer to have full process including determining Stock levels and the movements, Suppliers details and payments outstanding, Customers details and payments due, etc. You can have relevant management information on time if you process records in correct book-keeping software. Also from the same system, you could generate Management Accounts to see business performances up to date.