Service name | What we will do | What you will do |
---|---|---|
VAT returns and management accounts | Review your VAT returns, advise you of the liability and submit to HMRC if required. Submit your VAT returns to HMRC by the statutory deadlines. Provide a profit and loss report for each period. Advise you of any errors and deficiencies in paperwork we find during the normal course of our work. Please note that we shred all documentation once it has been scanned and stored in our secure electronic storage system. |
Ensure that all receipts and purchase invoices are valid VAT invoices (if applicable). Pay any VAT due (if applicable). Review the VAT returns prior to submission and advise us of any changes required, to ensure accuracy, before submission to HMRC. Provide us with all information required to complete the VAT return by day 7 following the end of the VAT period. Ensure that sufficient narrative is provided on paying in slips and cheque stubs. In particular you will remain responsible for: Invoicing Credit control Payment to suppliers |
Year end accounts and corporation tax return | Prepare accounts for your business. Prepare abbreviated accounts for your business (if required). Submit to HMRC and Companies House if required. Prepare the business tax computation, tax return and iXBRL tagged accounts (if required) by HMRC. Inform you of what you need to pay and when. We will submit the return to HMRC. |
Provide us with all information and documentation we require to fully and accurately complete the accounts. Comply with your statutory responsibilities (if you are unsure of these responsibilities the please ask). Provide us with all additional information we may require to complete your accounts. Review the tax return; Consider whether any non-business expenses should be excluded. Check that all business income is included in the accounts. Check that you agree with the return. |
Xero accounting software | Provide a monthly subscription to Xero online accounting software. | Contact us if you are having any trouble using the software. |
Annual return | Complete and submit the company’s annual return. | You will review the return and inform us of any errors or changes required. |
Unlimited phone and email support | Provide accounting support for email and phone for your business and the owners. | Not excessively use the service. |
Income tax and partnership tax returns return | Prepare your self-assessment income tax return and computations as required by HMRC. Submit the return to HMRC. Advise you of what you need to pay and when. |
Check that you agree with the return and that all income has been included. |
P11D | Prepare your P11D forms, reporting expenses and benefits as required by HMRC. Submit the returns to HMRC. Advise you of what you need to pay and when. |
Ensure that all expenses and benefits are included. |
Payroll | Calculate your payroll on the agreed basis. Provide payslips to your staff prior to, or on the day of payment. Advise you how much to pay and by when. Provide P45s for leavers. Report your payroll information in real time to HMRC. Prepare your year end P35 form. |
Provide us with the payroll hours, wages and / or salaries 3 days prior to pay day. Let us know as soon as possible of any new joiners and any leavers. Provide all information as required to run the payroll. Check the payroll and year end forms and let us know of any changes required. |
Tax investigation protection | Provide a tax investigation protection service which will, in the event of an HMRC inspection or enquiry, cover you and your business for professional time costs in defence of your tax position. | Let us know if you are contacted by HMRC. |
Dividend paperwork | Prepare the dividend paperwork which may be required, on the agreed basis. | Provide us with the dividends required 3 days prior to pay day. |
Confirmation statement | We will review and submit your confirmation statement and pay the annual fee | You will check all details are correct. |
CIS | Verify any new subcontractors. Calculate your CIS on a monthly basis and prepare your CIS return. Provide payslips to your contractors by the 19th of the following month. Advise you how much to pay and by when. Report your CIS information to HMRC. |
Advise us of any new subcontractors. Keep us informed of any changes in your CIS contractor status. Inform us of all payments made to subcontractors. Pay all amounts to HMRC by the due date. |
Book-keeping | We will write up your books and records. | In particular you will remain responsible for: Invoicing Credit control Payment to suppliers |