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We provide sensibly priced accountancy services with a personal touch in King's Lynn and throughout Norfolk. Contact us to find out how we can help take your business to the next level. |
Services
Our aim is to build an effective working relationship with our clients and provide proactive and meaningful advice on all accountancy and taxation matters. We would summarise our services to cover the following :-
Tax Returns
Bookkeeping
VAT
Human Resources
Payroll
Business Planning
Business Start-ups
Company Secretarial Matters
Tax Planning
Income Tax / Corporation Tax
Capital Gains Tax
Inheritance Tax
Overseas Taxation
HM Revenue & Customs Enquiries
The above list is not exclusive, we have a wide experience in all aspects of business development and would welcome the opportunity to discuss these with you.
Tax legislation states that it is the individual taxpayers responsibility to make a return of their income and pay taxes due as they fall due.
The Tax Return and notes on how to complete it does not consider the reliefs and rules available to mitigate any tax liability arising. We have the expertise and knowledge to assess your situation and ensure that your ultimate tax liability is minimised as far as possible.
In life we are told there are only two definite eventualities, death and the payment of taxes. We offer a friendly and efficient service to make the latter as painless as possible. Unfortunately the former is beyond our control and hopefully will not prove too painful!
We provide a bespoke package of services to meet specific needs for all types and sizes of business. We will assess your needs and can offer services ranging from a full bookkeeping service either within our office or at your premises to preparing annual accounts for tax purposes.
We are accredited business partners to the “Clearlybusiness” package of services and are able to provide indepth advise on the installation and maintenance of both Sage and Quickbooks Accounts Packages.
Value Added Tax is a tax on consumption, which is ultimately borne by the consumer. It is the registered traders responsibility to charge, collect and pass over this tax net of tax reclaimed on eligible purchases to HM Revenue & Customs. Not all sales are liable to VAT and other complexities need to be dealt with on a timely basis.
We provide a comprehensive range of services for the maintenance of records for compliance with HM Revenue & Customs, which allows businesses to spend more time dealing with core aspects of their business needs.
Human resources are an important issue for all growing businesses and needs to be managed carefully. We can provide advise on all aspects of employment law, contracts of employment and staff deployment.
Employees pay income tax and national insurance contributions on their earnings known as Pay As You Earn, PAYE. The employer is responsible for dealing with the maintenance of adequate records to calculate and record these deductions and other related charges such as Statutory Sick Pay, Statutory Maternity Pay and Student Loan Deductions and accounting for the tax collected to HM Revenue & Customs. This can be both time consuming and a drain on valuable management resources. We are able to provide an effective and efficient bureau service designed to meet your specific needs and deadlines.
We are able to provide expertise and management information to enable businesses to grow and make strategic decisions. Our independence from the day to day business enables us to provide objective advice to support and assist in moving your business forward.
We pride ourselves in our expertise in looking at and assisting in your decisions to start a new business. These include:-
Deciding on the most appropriate structure (ie Sole Trader, Partnership or Limited Company)
The preparation of Business Plans and providing objective advice on the viability of your proposals.
Identifying the financial support needed, locating potential lenders and assisting in the negotiations to source the funding needed.
Helping to create contacts with other professionals to support the successful development of a new business, from established relationships with banks, solicitors and other professionals.
Advising generally on the potential pitfalls and challenges facing any new business together with practical advice on how to meet and deal with these factors.
Carrying out registration procedures with HM Revenue and Customs and Companies House
Advising and establishing bookkeeping and record keeping, together with other clerical and financial procedures suitable for your business.
If your business trades or is to trade through a limited company we provide a comprehensive service to advise on compliance with the Companies Acts. This includes
Preparation of Statutory Accounts to comply with these requirements.
Completion and submission of accounts and forms as required.
We have established contacts with Company Formation Specialists to deal with all aspects of company formation.
We are able to offer a registered office address for your company should this be required.
By taking an in depth interest and understanding of your personal and business needs together with your objectives and circumstances combined with our in depth knowledge of the intricacies and interaction of the tax laws we can advise on the potential outcomes and options available to you. This will cover :-
Income Tax/ Corporation Tax
Looking at ways to mitigate your business and personal tax liabilities whilst complying with the law to ensure that tax is avoided and not evaded.
Capital Gains Tax
Ensuring that proposed disposals are structured to ensure that allowances and reliefs are maximised.
Inheritance Tax
Planning to ensure that business and personal assets are “passed on” to beneficiaries in the most appropriate manner whilst minimising this tax liability.
Overseas Taxation
With more people owning assets and earning income globally we can advise on the impacts and options available.
HM Revenue & Customs Enquiries
From time to time it is inevitable that you will be faced with an enquiry into your taxation affairs. We have in depth experience in dealing with these and offer a comprehensive service to support and assist you through the process from providing supporting information to the relevant officers of HM Revenue & Customs to attending meetings with you and assisting in the negotiations to conclude the investigations.
As in most cases prevention is better than cure we are able to review your circumstances and advise on the completion of forms before they are submitted to identify potential problems and advise on means to avoid problems with penalties and surcharges that could be levied.
