Accountancy and Tax Planning:

Statutory and Non Statutory Audit

We will ensure that you are in full compliance with all regulatory requirements and prepare an audited annual report for ready use by your customers, by lending institutions, and your other partners interested in growing with you.

We appreciate your trust in us and we will use the audit as a basis to get more involved in your business and deliver you value in other ways which show up on the ‘bottom line’. As a by-product of our audit, for example we can advise you how best to structure your company, identify any looming problems proactively and seize opportunities that may be around the corner. We can also find you synergies from our existing network of business partnerships.

Statutory Accounts Preparation and Filing

While most accountants will focus on meeting deadlines, whereas we ensure that the accounts are not only filed in time but you also get advise on latest rules and regulations. We will ensure you have accurate and up-to-date company accounts. We guarantee timely submission of accounts using HMRC compliant submission software.

Self Assessment

This is an area which instead of being simplified, continues to complicate the lives of business owners. Tax legislation is ever changing and more often than not the unwary tax payer is caught out having to pay penalties.

We can save you a lot of time, unnecessary angst and money by acting as your agent and dealing directly with HMRC. We will prepare all necessary computations, complete the return, and work hard to reduce your tax liability to the maximum level achievable. We will also represent you if you are selected for a self assessment enquiry.

Corporate Finance

We have successfully helped many companies with their funding needs for their business expansion and can do the same for you. With solid experience of venture capital, business plans and finance applications we can help to cater to your specific needs, whether it is a management buy out, merger or acquisition.

We will work with you every step of the way, to prepare and package targeted proposals for your chosen finance source.

Corporate Tax Planning

As a result of conducting your audit and other financial services, we can use those synergies to conduct a full tax review for you and advise you on your optimal tax structure.

Specifically, we will work on your behalf to:-

• Minimise your corporation tax liabilities.
• Capitalise on tax saving opportunities
• Efficiently utilise any available reliefs and defer tax in efficient ways.
• Ensure that you are in full compliance with Corporation Tax and Directors’ Self Assessment requirements.

In addition to the above, we will represent you in any communication with the Inland Revenue.

Bookkeeping and Accounting

We understand and appreciate the value of your time and resources and that you need to focus on the ‘core’ business. Several of your non core business functions can be comfortably outsourced to our trusted teams. You can rest assured with full trust in us that we will provide you with a timely and efficient bookkeeping service. In doing so, we will maintain the highest level of professionalism and confidentiality. As a natural by-product of this service we can also produce management accounts with key business measures and performance indicators to help you gauge your business performance in a proactive manner.

Company Formation and Secretarial

The Companies Act unfortunately has several onerous requirements on businesses, which if not met can result in penalties. We can relieve you of this unnecessary burden so that you can focus on what you enjoy best, running and growing the business.

We will cover the following activities for you:-

• Company formations
• Preparation and filing of statutory returns
• Preparation of all documentation relating to minutes and resolutions
• Maintenance of statutory books.

Provision of company directors to help you to implement your business strategy

VAT

VAT compliance can be minefield if not managed properly. With our years of hard earned experience dealing with VAT administration, we can provide you with the following services:-

• VAT Registration.
• Guidance on VAT planning and administration.
• Preparation of VAT returns, VAT control and reconciliations.
• Negotiating with Customs and Excise in the event of dispute resolution and representing you in front of VAT tribunals if required.

Additionally we will ensure that you are always abreast of changes in regulations and plan accordingly.

Other services

Due to our involvement with our many diverse clients and a natural demand we have specialised and expanded our services into the following areas:-

• Offshore services: – services which include but are not limited to, setting up tax efficient entities in favourable offshore locations.
• Wealth management for high net worth individuals
• Specialised tax planning and estate planning for high net worth individuals

Business Support & Consultancy

Business Planning

Your business is critical to you and only you have the strategic foresight to navigate it on a daily basis. We would like to partner with you in this process by helping you with the elements of strategic business planning. We can do so by giving you the benefit of our expertise in the following areas:-

• Formulation and implementation of long term strategic goals
• Setting of concrete operational objectives
• Monitoring of performance and adjusting of plans accordingly
• Robust identification, assessment and mitigation of operational, strategic and financial risks to the business. Advising on exploiting risks for business advantage intelligently.

Start-up/Existing business advice

When starting a new business there are a myriad of statutory, compliance and regulatory requirements to deal with as well sourcing working capital for the business. We will support and guide you, clearly evaluating your business plans and provide you with sound and trusted financial advice. Additionally, we will provide you with all the support you need in the following areas:-

• Helping you choose the right legal structure for your business needs: sole trader, limited company, partnership or limited liability company
• Navigating through company formation, registering with the Inland Revenue and Customs & Excise and day to day Company Secretarial duties.
• Preparing, business plans, cash flow projections, assessment and sourcing of finance needs and developing solid relationships with banks.
• Tax Planning
• Monthly Management Accounts, Annual Accounts and if required Annual Audits.

For Charities

Charity Formation

If you plan to set up a new charity, you currently have a choice between three main structures.

• The Charitable Trust (with a Declaration of Trust Deed as the constituting document) or
• A Charitable Company Limited by guarantee (governed by Memorandum and Articles of Association).
• Charitable Incorporated Organisation

All are equally charities; they simply have different legal structures. All can provide the full range of charitable objects and powers that you may need. With either structure, the trustees remain subject to general charity law and must always act with appropriate care and must keep within the charitable objects and powers. Trustees (directors) of a charitable company are , of course , also subject to the Companies Acts and various company law requirements.

We are able to provide assistance with the registration of a Community Interest Company (CIC). Advice and support is available on the operational aspects of your organisation , free access to all our charity briefing sheets, and reduced fees available on other services.

Independent Examination of Accounts

Our core service is the end of year accounts and the Independent Examination of account up to the £500,000 threshold. These are prepared to the Charity Commission SORP 2005 and where required meet Companies House requirements, and are signed off at the appropriate level. We work to a 28 day turnaround.

Every client has a personal Contact Manager who stays in close contact at all times.

Fully compliant accounts with comprehensive notes prepared to our high standards incorporating your annual report. Our fee for preparing year-end accounts is based on previous year’s turnover and on how much work is involved. There is an interest free monthly payment option at no extra cost.

Advice and support available on the operational aspects of your organisation, free access to all out charity briefing sheets, and reduced fees available on other services.

SORP 2005 – Annual Year End Accounts

UNINCORPORATED CHARITIES WITH INCOME UNDER £25,000

Many smaller charities and not for profit organisations find it difficult to meet the cost of Fully compliant accounts and with the changes in legislation, charities with an income of less than £25,000 are no longer required to submit formal accounts to the Charity Commission. But they still need annual accounts. We offer a low cost, high quality service to provide you with a set of formal bound accounts useful for funding applications.

ACCONTS FOR COMMUNITY INEREST COMPANY (CIC)

As with all other companies the directors of CIEs are required to deliver copies of their accounts for each financial year (including a director’s report) to the Registrar of Companies who will place them on the public file. We are able to offer a low cost service providing formal bound fully compliant accounts.

Gift Aid

A Charity can claim UK basic rate tax on Gift Aid donations made by a individual who has paid sufficient tax on or after 6th April 2000,Whatever the amount of the donations. This is dependent on when the charity was registered.

Please find below the description for small donations scheme as requested:

Small Donations Scheme:

It was introduced by the Small Charitable Donations Act with effect from 06 April 2013. The scheme will allow charities and community amateur sports clubs to claim. Gift Aid style top-up payments on small cash donations totaling up to £5,000 a year without individual paperwork. We can set up online submissions of Gift Aid claims.

Training of Staff & Trustees

We can provide group or one to one bespoke training to staff and Trustees on various financial and governance issues.

IT Solutions

ACCTAXT DIRECT is more than just another accountancy firm. We are proud of over expertise in providing IT solutions to our customers. We have a long track record of combining IT and Accountancy services, whereby our clients receive a streamline service and it works as a one stop shop for all your IT and Accountancy requirements.

CIS and Payroll

Payroll Administration is another area, which takes you away from your core focus and we can take this work off your hands, freeing up your time.

We have dedicated staff, who will undertake the entire payroll and RTI, ensuring total confidentiality and compliance with all PAYE legislation.

Specifically we will provide:-

• Customised payslips.
• PAYE administration inclusive of National Insurance, Statutory Sick Pay, Statutory Maternity Pay etc.
• Completed statutory forms, year end returns, for issue to the Inland Revenue and employees.
• Administration of pension schemes as well as incentive schemes, bonuses and ex-gratia termination payments.