Accountancy Services Overview
Advance preparation
Our work actually starts long before we begin work on your accounts. We want to ensure that you don’t fall foul of any penalties from non-compliance with tax and company laws.
And so it is really important to keep reminding you of upcoming deadlines and aspects of compliance at all times. These will include:
Helping you to keep good records and making you aware of the things you should be keeping by providing you with advice and checklists. Keeping fully compliant and good records will help you avoid enquiries and penalties from HM Revenue and Customs.
Prompting you to provide exactly what we need to complete your accounts. Making you aware of what to submit (and why) will ensure that work (accounts, tax returns etc.) is done as quickly as possible, with as little effort on your part as possible. We want to make it as hassle-free for you as possible.
We will write to you 2-3 weeks ahead of your year-end to remind you of some key things. This will include planning around expenditure and ensuring tax relief is given at the earliest date to ensure the least amount of tax is paid.
If you have not submitted your information by a pre-agreed date, we will contact you once again to remind you to provide your records.
After the submission of your details, we will log your books in and review your records to ensure that we have everything we need which means we can complete everything quickly for you.
At all times, we will make you aware of your legal obligations, deadlines and potential penalties.
Critical checks and balances
Identify any business expenses that you did not know that you have paid.
Preparation of your fully compliant statutory accounts
Remember: We will complete all of this within 20 weeks of your financial year end, subject to you providing all the information we require.
Your tax obligations: Preparation of your business tax computations and returns
Once we have completed the detailed tax computations we will – where applicable – prepare and submit the business Self-Assessment return so that you meet all of your filing obligations with HM Revenue and Customs regarding your business tax returns. This means you do not need to worry about late filing penalties.
Note: If you are a sole trader you will need to submit a personal Self-Assessment return. We can do this for you as part of our Cloud Tax service and will give you a separate fixed price for this.
Accounting records quality report
Post year-end annual accounts finalisation meeting
Unlimited free ad hoc advice
This means that you can call on us at any time knowing that you will never be charged for our time or advice. So I hope you will feel free to speak to me whenever you need to, without ever having to worry about the cost.
Of course, if the issues raised at any of these unlimited free consultations (or anywhere else) require research or analysis beyond the consultation, we will give you a fixed price quotation for that extra work before any additional work is started.
Only if you agree to and sign an “Extra Work Order” (or EWO) to confirm that you are happy to pay for the extra work – on the mutually acceptable terms set out in the EWO – will we do anything over and above the work specifically listed above. This means that you will NEVER get an unexpected bill.
Note: We will complete your statutory financial statements within 16 weeks of your financial year-end, subject to you providing all the information we require.
Comprehensive pre-year end tax planning… … helping you pay not a penny more than your fair share of tax
Each year we will carry out detailed and comprehensive tax planning reviews BEFORE your accounting year end to ensure that you pay not a penny more than your fair share. These will include:
Detailed tax planning for your business so that you keep more of your hard-earned cash.
Detailed tax planning in respect of your employees, including tax efficient remuneration strategies. This will both save the business money and create a happier team.
Detailed personal tax planning, including the very best way to extract cash and profits from your business.
Detailed tax planning for your family.
PAYE/NI and VAT health checks
Even innocent mistakes in your VAT or payroll records can lead to substantial interest and penalties following a visit from HM Revenue and Customs or Contributions Agency.
We will provide a detailed review of your VAT and payroll records, to ensure that you are complying with all the current legislation.
Bookkeeping
And because everyone hates bookkeeping – you’d much rather be out there making money from your business – most people end up doing it in the evening or at weekends. Yet, shouldn’t evenings and weekends be spent playing with the kids, spending time with your friends and loved ones, or out on the golf course?
So why not let us take away all that hassle so you can spend your time with the people you love, doing the things you love.
We will provide a detailed review of your VAT and payroll records, to ensure that you are complying with all the current legislation.
Payroll
Full company secretarial work
Acting as your Registered Office address
Although your registered office can be the address you trade from, many business owners choose to use the address of their accountant (since the accountant usually deals with company services, such as the completion of the Annual Return).
To get reliable accountancy services in Southall and across London, contact Kimti & Co-Accountants and talk to our reliable and experienced team.
Call us on: 0208 575 5533