Our services in detail:

Audit 
Accounts
Corporate & business tax 
Personal tax 
Bookkeeping 
Management accounts
Business start-ups and company formations 
Company secretarial 
Business Planning 
Business Development Services 
Inheritance Tax and Estate Planning 
Computer and IT Services 
Payroll
VAT
 

 If you are a limited company and your annual turnover is in excess of £5.6 million then it is a legal requirement to have your annual statutory accounts audited. Even if your turnover is below £5.6 million then there could be occasions when you are still legally required to have an audit. You can also have an annual audit voluntarily.

Our approach to an audit assignment is not based purely on helping a business fulfil its statutory obligations. An audit gives us an ideal opportunity look inside a business to see what makes it tick. We can then use this knowledge to work with the Company's management team to help them get the most out of their business.

 If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts and filing them with Companies House for you.

Unincorporated businesses also benefit from the production of annual accounts. If you have, or are likely to need, bank borrowings then it is possible that the bank will require a copy. Although not required by statute, the Inland Revenue will usually request a copy of your accounts in support of your self assessment tax return if they enquire into your affairs.

We can help you minimise your corporation tax payments and relieve you of any administrative burden of complying with tax legislation. We will deal with all business tax matters, including preparing income and /or corporation tax computations and preparing and submitting your partnership tax return or corporation tax self-assessment return.

Self assessment was introduced to help ease the burden for unincorporated businesses. If anything, it has actually added to their burden. We can help to relieve you of this by preparing your annual self assessment tax return.

We are also able to prepare capital gains tax computations and inheritance tax computations for you.

A key service we offer to clients is in the area of taxation planning, aimed at minimising your future tax liabilities.  

We can relieve you and your business of a significant burden by taking care of all your bookkeeping and accounting needs. This ranges from making use of our inhouse bookkeeping bureau to the preparation of your annual accounts. We will treat every business individually so that we can tailor our approach to your requirements.

Besides the core bookkeeping, we can also maintain your VAT records, prepare your payroll and take on ad hoc projects to free up valuable time for your staff.

We believe that our high level of IT literacy can help improve our efficiency and help our clients to set-up their accounting systems to be efficient and effective. We are Sage Accountants Club Members and can supply software and training. We are also members of the Clearly Bookkeeping Accountants Programme and can advise on and supply products and training.

One of the most important parts of our compliance services is the preparation of periodic management accounts. Monitoring and controlling the financial performance of your business is of paramount importance and regular management information is vital to the continued success of your business. We can either carry out this function for you or help you set-up internal systems to generate the information.

We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits or to help your business grow.

 

Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and helping you develop them into a feasible business.

We can also help you:

Call us for a free initial consultation to find out how we can help your ideas become reality.

Every business must plan ahead in order to ensure success, but it is too easy to succumb to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions, over/under capacity, inefficiency and missed opportunities.

 Every business owner needs to invest time in developing a long-term plan, starting with what you want to achieve from your investment and what your reasons for being in business are, and then developing a plan to help achieve these objectives.

We are well placed to help you develop these plans and have a considerable pool of experience and expertise to draw on. The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan.

Contact us today for a strategic planning review.

 

Company Secretarial
When running a hectic business you cannot afford to use valuable time making sure you are complying with the Companies Act. However you do need to be aware how this legislation affects your company and its directors. We can help by carrying out the company secretarial duties for you. Our services include:

We offer advice and assistance in many different areas. We can help with marketing and promotion, getting the best from your staff , search engine optimization(including defining your objectives and keywords) and many other diverse subjects. Please call us for a free no obligation discussion.

We also offer our clients a free business signposting service. If you need a particular service or contact please give us a call. If we don’t know ourselves we are sure to ‘know a man who does’.

Inheritance Tax & Estate Planning
We offer a full review of your IHT and estate position with a view to minimizing the overall Inheritance Tax liability. We can work in conjunction with your solicitor to ensure that you make the best use of all of the available IHT reliefs and allowances.

Computer and IT services
We can help you to decide on the best accountancy and payroll packager to suit your business.

We are members of the Sage Accountants Club and the Clearly Bookkeeping Accountants Programme. We are able to offer software sales, advice and training in a number of products.

Running your own payroll can be time consuming and complicated, particularly with the ever increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties.
We can prepare payrolls for businesses with 2 to 200 staff.

Our service is comprehensive and confidential and includes:

Even if you only have a few employees, you will make savings by engaging us to administer your payroll.

Preparing VAT returns on a quarterly basis can be quite onerous for the smaller business. It uses up time, which could be better spent on developing the business. The failure to prepare or pay your VAT on time, or if you miscalculate your VAT liability, can lead to penalties and surcharges.

For the smaller business we can take this pressure away from you by preparing your quarterly VAT return for you.

Whether to have a company car or not is the most common question that we get asked. The next most common question is how to finance the purchase of the car. It is an area for confusion, particularly with the recent changes in the basis of taxation of company cars.

We will gladly carry out a planning exercise each time you consider buying a new vehicle to ensure you are aware of the most appropriate method of finance and the minimisation of tax liabilities.

Our specialist department, headed by Mark Nutt, offers a complete package of assistance to professional sportsmen or women.

For a free copy of 'Sports - A tax report' please click on the related document at the bottom of the page.

Our business development department can advise you on the best ways to obtain free publicity for your business or products. If you would like further details please contact our business development specialist, John Delaney at our Derby office on 01332 340159.