Choosing an accountant is an important decision and you need to find one that matches your needs, you feel comfortable with, can trust and whose fee levels are fair. You can call us whenever you need help and advice, without fear of being charged every time you make a phone call. Here are some of our services that we can offer you.
If you need advice on the right accounts or payroll software for you, please talk to us.
We can also offer training in use of some of the leading packages.
In addition, being a fully computerised practice we have a great understanding of many I.T. areas and knowing our clients are in an excellent position to help them. We can often help or point you in the right direction with…
Research suggests that those businesses with a written business plan are far more likely to succeed.
Business plans are also regularly needed to support finance applications, especially bank lending.
We can assist with all aspects of the business plan including…
Business strategy and goal setting
Cash flow forecasts
All written elements of the plan such as business background, marketing plan, SWOT analysis, markets, competition and all of the other key elements that need presenting in the most suitable way to lenders
After you’ve produced the plan, you need to monitor how you are doing against the plan and we can help you with this.
Do you want to take the risk of forming your own company?
There’s more to consider than just buying a cheap ready-made company on the internet!
We can assist you with company formations for…
An off the shelf ready made company
A tailor made company
Limited Liability Partnership
Offshore companies in low tax jurisdictions
For urgent requests we can also arrange same day formations.
To check the availability of a Limited Company name, you can use the Companies House Information Service. Type in the name you want, select the option for “Company Name Availability Search” and see if it comes up in the list.
Our Company formation packages can include…
Advice on the pros and cons of incorporation in your own situation
Appointment of directors
Appointment of company secretary
Issue of subscriber shares
Registered office services
Completion of all necessary minutes and resolutions
Assistance in opening a bank account
Tax review with regard to company formation – forming the company yourself and getting this wrong can be very costly!
Up to date, relevant and quickly produced management information allows you to make the right decisions.
Our management accounts and information services include…
Monthly or quarterly management accounts
Reporting of key performance indicators that are the underlying drivers that run your business
Help with in house systems for you to produce your own information
Training on how to get the most out of your information
Supplying management information to lenders
Actual performance compared to budget and/or comparative periods
Costing information, including break-even turnover levels
Our consultancy services can include a review of your management information systems, particularly in relation to your financial systems and controls that will enable you to take full control of your business.
This can include…
Financial reporting systems.
Reliable management information allows you to react quickly to changing business needs.
Everything seemed fine running your own business until the day you took on your first employee and became an unpaid tax collector.
This is when you found out what red tape was all about.
Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated and has to be done on time and you as the employer are responsible for the mistakes.
We run payrolls on time and can provide a tailor made service for your business including…
Dealing with leavers and starters
Provision of analysis of staff costs
Real Time Information (RTI) PAYE returns for the Revenue
Assistance with automated payment set-up to your employees
CIS returns completed by us
You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!
And at year end…
Employee summary P60s
P11D and P9D benefit and expenses returns
And the related tax planning advice…
Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues including…
You’ve probably been told many times that planning is crucial to success in business but somehow you’ve never quite got round to it.
Rather than having a planned strategy you run your business by…
Trusting your intuition
Using instant decisions
And generally riding the rollercoaster
That may well work and we do realise that gut feelings are a crucial business skill in successful entrepreneurs. But planning is still crucial. Research shows that those businesses that do plan and have clear strategies are far more successful.
Our strategic planning service helps you…
Agree on long-term strategic goals both personally and for the business
Identify where you are now
Work ON the business so that you can spend less time working IN it
Identify the blocks in the strategy
Agree an operational strategy to overcome the blocks and meet those goals
It’s an unfortunate fact of business life that from time to time there will be disagreement between the taxpayer and HMRC. Sometimes it is the facts of the case that are in question but it is also often the legislation itself that is in question. Tax isn’t always black and white and where this is the case we are happy to argue your case in the strongest possible terms.
As a taxpayer you have many rights and we will ensure they are never forgotten by HMRC.
Disputes can arise in all sorts of areas outside of full enquiries and investigations including…
Employment status disputes
Repairs v capital disputes
Private usage adjustments
Capital allowances – is it plant or property?
Settlements legislation – the classic husband and wife company scenario
Valuations for tax purposes
Is it a trading activity?
VAT segregation of businesses to avoid registration
Employee benefit disputes
We have the specialist tax knowledge to assist with a wide range of tax disputes.
If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that Taxman keeps to their own internal guidelines and don’t over step the mark. We will talk you through the enquiry process and what to expect and support you throughout.
There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimise these penalties.
Anti-investigation Scanning Checks
Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them.
Every Tax Return or set of accounts we submit to the Taxman goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.
You are entitled to arrange your affairs to pay the absolute legal minimum amount of tax.
Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them and advising you of your tax position and liabilities.
We try to do more than just this and are interested in maximising your tax planning opportunities.
We all have to pay our taxes but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.
We can help with tax planning in relation to…
Tax efficient employee remuneration strategies
Inheritance Tax strategies
Profit extraction strategies
Apart from extensive experience in this arena, we have invested heavily in reference materials and specialist software and have access to the Tax Legislation, Tax Cases, to the internal manuals of HMRC and to detailed commentary on all taxes, direct and indirect. This allows us to research any tax topic at all and provide many ways of helping you legally save tax.
New clients are often surprised at how much can be done to help with their tax position. We are always willing to go that extra mile to offer advice on the areas where tax can be saved. We enjoy this work!
It is important that this work is done in advance and you should contact us as soon as possible.
All of our Tax Planning makes legitimate use of the Tax Legislation and Case Law, so that you are not put at additional risk from a full HMRC Enquiry, or where there are risks, these are pointed out to you.
Our VAT Healthcheck service is designed to find any VAT issues before the VAT Man does!
Why not call us in prior to any visit?
The healthcheck can..
Review and sample check your accounting records for errors
Sample test the most common errors that the VAT inspectors look for
Statistically analyse your completed VAT returns
Sample check the completion of VAT returns
Compare your VAT returns against your annual accounts
Check the VAT treatment of your sales
Consider whether you are making best use of relevant VAT schemes
Ensure you are correctly applying the rules of VAT schemes
Identify VAT planning opportunities.
Compliance with VAT is becoming ever more complex. Investigations from the VAT Man can be intense – all the more important that you have an accountant who is successful in negotiations with them.
We take best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.
We can help you with VAT in the following ways…
Applying for and advice on VAT registration
Advice on the VAT schemes suitable to your business
Completion of VAT returns – either from your books or we can do the book-keeping for you. By letting us complete your VAT return it ensures that it will be accurate and that you don’t miss any opportunities to claim the VAT you should
Dealing with VAT control visits
Dealing with any contentious disputes that arise with Customs
Compliance with VAT is complex. Investigations by the VAT Man can be intense – all the more important that your VAT returns are completed correctly.
There are three methods we can use to assist in completion of VAT returns…
Let us do your book-keeping and we complete the return from there
Give us your books and we’ll complete the return for you
Provide training on how to complete your return
We complete VAT returns in good time to ensure you avoid any penalties.
In addition we can assist with…
Applying for VAT registration
Advice on the VAT schemes suitable to your business
Dealing with any disputes that arise with Customs
Attendance at VAT inspections
We provide a range of mainstream accountancy services…
We’re a firm with specialists in all fields, including management accounting, tax, payroll, VAT and advisory services. We’re here to make your life easier so that you can concentrate on what you do best. In this relationship, we’ll happily be the ones who stay focused on up-to-date legislation and what it means for you.
We can help. Having good records adds credibility and provides reassurance. We’ll guide you through the figures, help you understand what’s important, and what the results mean for you.
Self-assessment, capital gains tax, corporation tax, and VAT – they’re all different types of tax with their own complexities, nuances and legislation. Let us help you with self-Assessment, capital gains tax, corporation tax and VAT.
Our dedicated Bookkeeping Team can provide regular assistance throughout the year, leaving you guilt-free and able to get on with more pressing projects. We cover all aspects of bookkeeping for both big and small business, and provide monthly or quarterly information so that business performance can be monitored on a regular basis.
Our dedicated Bookkeeping Team handles the payroll for a wide range of organisations, from small companies and charities to large employers with complex salary structures. We make sure that payroll runs smoothly, timely, and accurately, providing printed pay slips on a weekly or monthly basis.
Our Customers Love Us
Don’t Just Take Our Word For It, Read It From Them
COMPANY DIRECTOR, CLOCKWORK HOUSE
“Unbelievable amount of support and advice for my new business ‘start-up” absolutely everything I needed was set up for me such as payroll, pension fund and complete accounting system! I didn’t have to worry about anything at all so could fully concentrate on promoting my business”.
COMPANY DIRECTOR, MATMI
“After working with numerous accountants over the years, I was frustrated with the level of service we received. Moving to Castletree was one of the best business decisions I have made. I have no hesitation in recommending Anna and her wonderful team to anybody looking for a caring, friendly and highly professional accountancy firm”.