We feel we are good communicators and hope that we can help our clients understand clearly the regulatory framework in which they operate. We also feel that we can speak on our client's behalf with third parties in an effective way.
Communication is key as our agency for you is most successful when we have open communication and receive at least as much information as you think we need. We will probably always think we need something else as well!
We have experience of representing clients who do not have English as their first language. We can speak some other languages and are happy to arrange for translation services or to communicate using an internet translator.
Having an Accountant acting on your behalf is a relationship of Trust and we appreciate that. Being an ICAEW member, we are bound by professional ethics to represent you to the best of our ability and generally we find our service goes further than that as we do worry about you and offer support in difficult times! Trust is extremely important to our business. We provide you with our time and professional skills and trust.
We can help you set up your accounting records on a variety of cloud based software should you wish to. You (and us) will be able to access your data and we can agree the timing of input and take full advantage of direct bank feeds. Most Software can be used by us and examples are Kashflow, SAGE, Xero, Quickbooks, Free Agent. We can also provide an Excel based spreadsheet approach and can be compliant with MTD via submissions through our Accounts software.
Our IT service contractors are forward thinking and we have the ability to expand capacity as required. Our Data Protection procedures are fully explained in our Privacy Statement.
We can advise when to register and de-register and which VAT scheme may be appropriate and all our clients will be compliant with Making Tax Digital which we can deliver in various ways.
We can compute your VAT Return figures and ensure that submissions to HMRC are made in time via software or spreadsheets. As rules change we will advise you so that you do not become non-compliant.
We can assist you in dealing with any investigations and in liasing with HMRC.
We can process your information and prepare, in conjunction with yourselves, your Self Assessment Tax Return; ensuring that it is submitted on time and you are advised clearly if there is tax to pay and when to pay it.
We will also use our tax knowledge to seek to minimise the tax due, whilst ensuring that you are compliant with the law.
When HMRC brings out Making Tax Digital for Self Assessment, we will be ready!
We can produce Company accounts which are compliant with the requirements of UK GAAP and the Companies Act 2006. We can file these at Companies House on your behalf, together with your CT600 Corporation Tax Return. We can advise on remuneration strategies and Director's loans.
We have experience of preparing accounts and Partnership Tax Returns for LLPs and can make all the submissions required.
We run payroll for several clients, using software and can make Real Time Information Submissions on your behalf on the appropriate day. We also can set up an auto enrolment pension scheme on your behalf and ensure that you are compliant with your employer pension obligations. We can compute and submit P11Ds and advise on employment taxes, benefits in kind, holiday pay, sick pay and maternity pay.
We can operate a CIS scheme either as a contractor or sub contractor and ensure that Returns are made when due and that deductions are correctly accounted for.
We are able to complete tax returns for landlords, including the new Sec 24 interest restrictions. We are aware of the legislative framework faced by landlords and we are also able to consider ways in which properties can be managed in order to be tax efficient as well as compliant. We can advise on Capital Gains Tax and Inheritance Tax Issues and in outline on Trusts and Estate management. We do not currently hold a probate licence and would refer you to other specialists with whom we are in touch if your situation requires it.
We can advise on the best way forward for a new venture, whether to operate as a Sole Trader, Partnership, LLP or Limited Company. We can also discuss options such as a Company Limited by Guarantee, Social Enterprise or Community Amateur Sports Club for charitably purposed organisations and can sort out the set up requirements, registrations with HMRC and tax advice. We can also produce budgets and give you pointers with regard to legal requirements. Similarly we can consider groups of companies.
We can advise on Charity set up and taxation implications and we can produce Accounts and Annual returns which are compliant with legislation and the requirements of the Scottish Charity Regulator (OSCR) - and indeed the Charities Commission if you are based South of the border! We are more than happy to advise on Social Enterprises and Community Ventures and to act as Independent Examiners for Charity accounts.
We can assess your personal pension provision and discuss strategies and the related tax implications, however the giving of investment and pension advice and advice on general insurance are "regulated activities" as defined in the Financial Services and Markets Act 2000. As we are members of ICAEW which is a Designated Professional Body, we can apply for a DPB licence which would enable us to comment on advice given by Independent Financial Advisors who are authorised by the Financial Conduct Authority, however we would still not be authorised to recommend specific financial products. We can however point you in the direction of who to consult for Financial Advice and are able to discuss the tax consequences and advantages and disadvantages of particular strategies. We can make you aware, possibly, of options which you may not have considered.
We can assess the "pinch points" of your business and work with you to establish an understanding of margins. We can then analyse your transactions in such a way that you have a clearer understanding of how your business operates which will enable you to make informed decisions and strategies. We can produce management accounts either monthly or quarterly in addition to accounts required for reporting/tax filing purposes. We can also compare actual figures to Budget and analyse any variances.
If HMRC are investigating you and you need help, we are more than happy to assist. If you are one of our clients you can participate in our Fee Protection insurance under which for a modest premium, you would be covered for the cost of any fees for additional work that may be necessary. We can communicate with HMRC on your behalf and can ensure that decisions that may be available to you are taken at the right time. We have some experience of attending the First Tier Tax Tribunal and of other investigations and we also have access to other specialists.
In order to produce either a Self Assessment Tax Return, Company or Partnership Accounts or VAT Returns, it is necessary to process your data. At the simplest level this involves our recording your bank and cash transactions and your sales and purchase invoices. We can do this pretty fast and in an organised manner and we can liase with you to set up the best method for you. Do you input to a software system, photograph your vouchers using Receipt Bank, upload them via Drop Box, or bring in physical documents in a carrier bag?
We would request that you retain all your source documents and we can then work with them as appropriate.
If you have almost no time to deal with paperwork at any level, we can offer a book keeping service whereby we will provide (and supervise) the manpower to give you an individual processing service for a number of hours each week or month. We can keep this cost effective and there are benefits in terms of time taken to then prepare your accounts and tax returns.
You may simply wish to exit a business or company but be unsure how to go about this. We can advise the procedure and administer the process. We are not licensed Insolvency Practitioners, but if your business/company is facing financial difficulties we can advise at an early stage and can refer you to Insolvency Practitioners if this is the preferred option. Come and talk to us and see if we can help.
We can advise on the tax consequences of leaving the country for work or retirement and as to what happens to properties abroad and in the UK. We can advise on residence and domicile issues and on the "Non Dom Charge" and the Statutory Residence Test.
We also facilitate conversations via Skype and use a range of cloud based software such that data can be accessed electronically. We also travel frequently to Edinburgh and around West Lothian and to Glasgow and Stirling, so we are able to visit client premises if this is more convenient for you.