Watermill Accounting has proved to be an invaluable partner for us over the past 12 months. Patience in explaining accounting processes we transitioned between ERP software and guidance to maximise opportunities offered through R&D tax credits have made the management of these areas considerably less stressful and more fruitful than they would have otherwise been.
There was a lot of cleaning up required concerning our historical accounting; Watermill took this in their stride. Watermill Accounting has been instrumental in helping set up our UK office and in drafting the financials for the acquisition of Intellectual Property in the UK.
There was a lot of cleaning up required concerning our historical accounting; Watermill took this in their stride. Watermill Accounting has been instrumental in helping set up our UK office and in drafting the financials for the acquisition of Intellectual Property in the UK.
Services
Deepti is a member of the Institute of Chartered Accountants of England & Wales (ICAEW). She has been helping businesses since she founded the company in 2009. From the very beginning, she realised the importance of cloud computing and helped businesses streamline their processes by moving to cloud software.
Registered limited companies are required to file end-of-year accounts with both HMRC and Companies House. Watermill Accounting provides its clients with the latest statutory tax allowance information, personal or corporation tax rates and updates on the various aspects and impact of tax law.
Bookkeeping is a crucial part in improving any business's cash flow and our fully trained bookkeepers can update your accounts on a daily, weekly or monthly basis according to your requirements.To complete either online and desktop bookkeeping, simply send us your receipts and we'll be happy to work with your business's existing software - or can suggest the most suitable accounting software of which free (or low cost) packages are available.
Bookkeeping is a crucial part in improving any business's cash flow and our fully trained bookkeepers can update your accounts on a daily, weekly or monthly basis according to your requirements.To complete either online and desktop bookkeeping, simply send us your receipts and we'll be happy to work with your business's existing software - or can suggest the most suitable accounting software of which free (or low cost) packages are available.
We charge 15 % of the R&D tax credit claimed or tax savings made up to first 150000 and 8% thereafter. For startups not registered for VAT or PAYE, we could provide basic accounting packages starting from 85 per month. We can provide personal tax return service for company directors to self- employed, property owners and Foreign income earners starting from 300 per return.
No charity cant claim R&D tax credits though they can make a claim via its subsidiary if they have one. Most accountants only process the already identified R&D whereas Watermill Accounting specialises in identifying a wide range of R&D activities which most accountants fail to do. Only 10% of eligible businesses in the UK claim R&D tax credits.
We understand the challenges business owners face and how every minute in your day makes a difference. Processing payroll for your employees, submitting payroll taxes and keeping track of the ever-changing payroll tax laws and dealing with pension auto-enrolment can take a considerable amount of time.
Reviews (5)
Xono Ltd
Dec 23, 2021
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Alex Murray
Jul 23, 2021
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Rushabh Parekh
Oct 20, 2020
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Deepti and watermill accounting have helped me navigate through opening up my first business, understanding what the R&D tax credit is and fully understand what the compliance and filing requirements were. They also helped me immensely with making the furlough scheme as pain-free as possible and assured me that I wouldnt have to layoff anybody.
Extremely professional and caring team.
10/10.
Extremely professional and caring team.
10/10.
Ruh Foods
Oct 19, 2020
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We are importers and resellers of foods and other general commodities. Watermill and their team were instrumental in helping us with the imports, a virtual office space and navigated us though Quickbooks. I am a bit slow with the computers but they were patient and professional throughout. Nice office too.
E. Stevens
Aug 25, 2019
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It is always easy to book an appointment with Watermill Accounting, have a meeting and ask questions. Deepti will explain concepts by writing them down in front of you, so that you can make notes and understand the various accounting concepts. As an accounting service they offer excellent value for money and will give recommendations.
