Accounting Services

Business Services

We offer a full range of business services to support the needs of each individual client.
In addition to annual accounts and tax returns we also offer:

  • Payroll services
  • VAT return preparation and submission
  • Monthly management accounts
  • Company Annual Returns and Companies House administration
  • Business and taxation consultancy and planning
  • Telephone support services
  • Home visits and “out of hours” service

Below are brief pointers to each business structure to help you decide which one may work best for you:

Businesses Start Ups

Starting up a new business is a scary but exciting time and one of the most important decisions to make is which structure will be most suited to you and your business needs.

Should you be a Sole Trader? Will a Partnership work best for your needs? Do you need to be a Limited Company?

Or maybe you are an individual in need of taxation planning or advice?

Please contact us in the first instance so that we can talk through your business plans and projections, answer your questions to give you the best advice and confidence that your new venture will be as profitable and successful as possible.

Below are brief pointers to each business structure to help you decide which one may work best for you:

Individual

  • You may be considering purchasing or investing in an existing business.
  • You may simply need tax planning advice
  • Assistance with any taxation problems
  • Self-assessment tax returns need to be submitted for each individual who has multiple sources of income or any other income not taxed before receipt.

Sole Trader

  • This is the simplest way to run a business and means that you will work for yourself with all the responsibility that this entails.
  • You will need to complete a self-assessment tax return and may still need to pay NIC’s.
  • While you will benefit from keeping all the profits you make, you will also be personally liable for any debt incurred so careful early planning is vital.

Partnership

  • A Partnership has similar set up to a Sole Trader although has the potential to raise more capital as each partner would make a contribution.
  • You may be exposed to greater personal liability though any profits would be shared proportionally, as would any debt liability.

Limited Company

  • Shares are issued to members and Directors are responsible for running the business.
  • The finances are kept separate from your personal finances and any profit made is owned by the company.
  • There are specific responsibilities with a Limited Company and as long as no laws have been broken company directors are not liable for any debts the business cannot pay.