Professional Services
1. Audit
Under the law, a statutory audit is mandatory where an entity fails to qualify for exemptions under the Companies Act or similar legislation including the Charities Act 2011.
Businesses might also commission an audit even though the law does not demand one, for reasons including the following.
- To assure third parties including potential investors, lenders and suppliers of the reliability of its financial statements.
- As a deterrent against potential fraud.
During an audit we carry out a comprehensive review and gain a thorough understanding of the company’s business, records and internal controls.
This process can provide proactive business advice on many important areas.
We are authorised by the Institute of Chartered Accountants in England and Wales to perform audit services.
The work will be conducted to the highest standard expected by our Institute and at a competitive price.
2. Business Support
Bookkeeping
Many of our clients ask us to take care of their bookkeeping due to the following advantages.
- This frees them up to concentrate on running and expanding their business.
- This assists in lowering their end-of-year accountancy costs.
- It lessens the risk and worry of making mistakes.
- They benefit from current and trustworthy management data.
Annual Accounts preparation
Every business, be it a sole trader, partnership or limited company, must prepare annual accounts.
The accounts for sole traders and partnerships provide the foundation for completing their self-assessment tax returns.
Limited companies are required to prepare statutory accounts and submit them to Companies House no later than ten months after the year end.
Our objective in preparing accounts is to ensure statutory compliance and highlight areas where we can help reduce your tax burden.
We will discuss the prepared accounts with you so you clearly see how the business is doing and provide suggestions for enhancements.
VAT
We take care of your VAT obligations, which includes completing returns on schedule to steer clear of penalties.
Furthermore, we offer assistance with the following.
- Help with applying for VAT registration.
- Advice on selecting the most suitable VAT scheme for your business.
- Assistance with VAT visits and inspections.
- Offering training on how to complete VAT returns.
Payroll
By using our payroll service you can devote more time to running the business.
We prepare payroll accurately and on time, issuing payslips, summaries, P45s for leavers and submitting PAYE returns to HMRC.
We handle the year-end PAYE submissions covering P35, P60s and P11D forms.
As there is a deadline for their submission we will ensure they are completed on time so that you avoid any penalties.
3. Taxation
Company Taxation
Companies are subject to corporation tax and must file their returns with HMRC by the due date to avoid automatic penalties.
We prepare tax computations, complete corporation tax returns, calculate the liability and advise you on payment amounts and deadlines.
Advice is available on the most tax-efficient profit extraction options for owner-managed businesses.
Personal Taxation
Self-employed individuals, company directors or those with untaxed income must complete a self-assessment tax return.
If a return is not submitted on time or is incorrectly completed, you may incur a penalty.
Why not let us handle your return and avoid the stress and potential penalties?
Alongside filing your return we explain how much tax is due and when to pay it.
We handle all correspondence with HMRC on your behalf so you don’t have to worry.
Tax Planning
Good tax planning tailored to your personal or business circumstances is very important.
Guidance is provided on all eligible allowances and deductions to reduce your overall tax burden.
Such advice is lawful and represents a prudent step to reduce costs for you and your business.
Tax Investigations
We represent you in all forms of tax enquiries and investigations.
TO CONTACT
By Telephone
020 8655 2252
To Email
4. Company Formations and Secretarial Services
Company formation services cover off-the-shelf, bespoke, Limited Liability Partnerships and PLCs.
Our secretarial services include the following.
- Acting as your registered office.
- Maintenance of statutory registers.
- Handling and submitting annual company returns.
- Preparation and issuance of share certificates.
- Completion of share transfer forms.
- Submission of statutory documents.
5. Business Start-Up Services
Careful planning is essential before launching a new business to maximise success.
We offer the following services to those who consult us at the outset of a new business venture.
- Business structures; should you be a sole trader, partnership, limited company, or limited liability partnership? We can advise you which is best for you.
- Support with funding, business plans and cash flow projections is crucial for business survival.
- Tax planning guidance relevant to your venture is provided.
- Accounting systems and bookkeeping; we will advise and assist with the implementation of appropriate accounting systems and bookkeeping.
Contact Soteriou Christou for Accountancy Services in Penge
Accountants Penge need? Then call Soteriou Christou on 020 8655 2252 or use our simple online contact form. Our experienced independently star rated Chartered Accountants Penge serving firm can assist you with any Accountancy Penge requirements, so please do not hesitate to contact our team on 020 8655 2252.
