Business Services
Trading Accounts and Business Tax
Most businesses have to prepare annual accounts for submission to HMRC. We can help you prepare and plan for the year-end process and work with you to ensure accounting information is accurate and all formal accounts are completed to agreed deadlines in conjunction with our tax team to ensure your tax bill is minimised.
As part of our service to you we will help you plan a tax-efficient approach to every aspect of your business and always offer comprehensive advice and tax planning when it comes to processing tax returns and year end accounts.
This includes completion and submission of Tax Returns based on your accounts to HM Revenue & Customs and for Limited companies, we will prepare Trading Accounts for submission to Companies House in line with the FRS 102 accounting standard.
Trading Accounts and Business Tax
Most businesses have to prepare annual accounts for submission to HMRC. We can help you prepare and plan for the year-end process and work with you to ensure accounting information is accurate and all formal accounts are completed to agreed deadlines in conjunction with our tax team to ensure your tax bill is minimised.
As part of our service to you we will help you plan a tax-efficient approach to every aspect of your business and always offer comprehensive advice and tax planning when it comes to processing tax returns and year end accounts.
This includes completion and submission of Tax Returns based on your accounts to HM Revenue & Customs and for Limited companies, we will prepare Trading Accounts for submission to Companies House in line with the FRS 102 accounting standard.
Management Accounts
Producing regular management information is vital to the continued success of any business. One of our team will work closely with you to get to know your business so we can make suggestions to help improve profits or to help you develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
Management Accounts
Producing regular management information is vital to the continued success of any business. One of our team will work closely with you to get to know your business so we can make suggestions to help improve profits or to help you develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
VAT
To run along side of our full bookkeeping, accounting and tax services, here at Your Tax Shop we also prepare and submit VAT Returns on behalf of many of our clients.
We can advise as to whether you need to become VAT registered – and when. The timing of registration is vital and it really is something you should take advice on as it can save you a great deal of money!
Your business may not have to become VAT registered but it could be beneficial to do so – we can also advise you of the advantages and disadvantages as well as the various non-standard VAT schemes such as flat rate, cash accounting and annual accounting.
VAT
To run along side of our full bookkeeping, accounting and tax services, here at Your Tax Shop we also prepare and submit VAT Returns on behalf of many of our clients.
We can advise as to whether you need to become VAT registered – and when. The timing of registration is vital and it really is something you should take advice on as it can save you a great deal of money!
Your business may not have to become VAT registered but it could be beneficial to do so – we can also advise you of the advantages and disadvantages as well as the various non-standard VAT schemes such as flat rate, cash accounting and annual accounting.
Payroll and RTI submissions
The introduction of HMRC’s Real Time Information (RTI) system now means it is compulsory for businesses to electronically file their payroll each frequency on time to avoid strict penalties for late filing.
You can let us know whether weekly, bi-weekly, four weekly or monthly, payslips suit you and your business best.
If you are a director shareholder of a Limited Company we can advise what level of nominal salary will minimise your overall tax liabilities.
By February 2018 all businesses with employees should have considered the requirements for Auto Enrolment pension schemes. Please see our page for further details.
Payroll and RTI submissions
The introduction of HMRC’s Real Time Information (RTI) system now means it is compulsory for businesses to electronically file their payroll each frequency on time to avoid strict penalties for late filing.
You can let us know whether weekly, bi-weekly, four weekly or monthly, payslips suit you and your business best.
If you are a director shareholder of a Limited Company we can advise what level of nominal salary will minimise your overall tax liabilities.
By February 2018 all businesses with employees should have considered the requirements for Auto Enrolment pension schemes. Please see our page for further details.
Construction Industry Scheme
CIS – Subcontractors
CIS – Contractors
CIS – Subcontractors
CIS – Contractors
CIS – Subcontractors