Bookkeeping
Payroll Services
The burdens on small and medium sized businesses have increased over the years and compliance with numerous PAYE regulations adds to these.
Businesses, unless they are geared to dealing with changing legislation, face new penalties. Employers may save time by computerising the payroll function, but this still means that within the organisation someone must be familiar not only with the inevitable changes to legislation, but also with the operation of the payroll program.
We can help with the implementation of computerised payroll, installation and training. We provide a comprehensive payroll service for our clients. Again this is tailored to specific clients needs. We can deal with timesheets, salary calculations, processing of wages and pay slips, providing bankers with payment advice's, dealing with starters and leavers and of course, dealing with the year end P35, P14 and P60's. We can provide all or any part of these services.
Book a free no obligation consultation.
Bookkeeping
Good bookkeeping is like good housekeeping, stay on top of it and it isn't a daunting task. We try to encourage our clients to take an interest in the financial side of their business. It is very important to stay in touch with business performance, and through good bookkeeping we can advise clients how to keep track of their finances.
We recommend a variety of ways for clients to keep their book, dependant on their business size, type and the specific circumstances of the client.
We are able to offer a competitive service keeping all of a client's books for them, or regular checking, or anything in between.
H M Revenue and Customs set basic standards of bookkeeping that they expect tax payers to uphold. We can assist you with this and advise you on your current record keeping.
We will happily discuss your bookkeeping requirements free of charge, new clients and old alike. If we get you keeping good books it makes our job at the end of the year easier.
Book a free no obligation consultation.
Financial Forecasting
In the modern business environment, cash control is of paramount importance and the preparation of cashflow forecasts, together with profit and balance sheet projections is an essential part of the development of any business - not least in managing the relationship with its financiers.
Book a free no obligation consultation.
Annual Accounts
Nearly all businesses are required to prepare annual accounts, these are required in order to prepare your tax returns. These are also used by other organisations, e.g. banks, financial institutions, customs and excise, national insurance etc. They will also provide the business with information concerning the financial performance of the business. This helps business people to see how their business is progressing.
Book a free no obligation consultation.
Changes to Annual Investment Allowance from 6th April 2012 and Maximising tax relief for the cost of machinery
Changes to Annual Investment Allowance from 6th April 2012 and Maximising tax relief for the cost of machinery
What is Annual Investment Allowance (AIA)?
The AIA is a form of capital allowance which offers tax relief at 100% on all qualifying expenditure on plant and machinery in the year of purchase. Currently the maximum you can deduct is £100,000. However, from 6th April 2012 this amount is being reduced to just £25,000.
There are exceptions to the plant and machinery that qualifies for AIA such as cars and plant and machinery gifted to your business.
AIA is adjusted for short or long accounting periods, and also for accounting periods that span the rates and dates of differing AIA.
Self Assessment Deadline is 31st January
The deadline for filing your self assessment tax return for the year ending 05th April 2011 is the 31st January. If you do not file by this date you could face penalties.
