Accountancy Services
1. Audit
Statutory audits are legally required where an entity is not eligible for exemptions under the Companies Act or other relevant legislation like the Charities Act 2011.
Businesses may also opt for an audit voluntarily even when it is not legally required, for example in the following situations.
- To prove to third parties such as potential investors, banks and suppliers that its financial information is reliable.
- To reduce the risk of fraud by acting as a deterrent.
An audit consists of a thorough examination and understanding of the company’s operations, accounting records and internal control systems.
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.
This work is carried out to the highest standards set by our Institute while offering competitive pricing.
2. Business Support
Bookkeeping
Many of our clients prefer our firm to do their bookkeeping for the following reasons.
- It lets them focus fully on the vital job of managing and growing their business.
- It can reduce their year-end accounting expenses.
- It reduces the worry that they might make a mistake.
- 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 of sole traders and partnerships serve as the foundation for filing their self-assessment tax returns.
For limited companies, accounts must be prepared in the statutory format and filed at Companies House within ten months of the year end.
Our focus when preparing accounts is statutory compliance together with identifying opportunities to legitimately reduce your tax liability.
After preparing the accounts we will review them with you to help you understand your business performance and offer recommendations for future improvements.
VAT
We handle all aspects of your VAT affairs, including preparing and submitting VAT returns on time to avoid any penalties.
We can also help you with the following.
Guidance on VAT registration.
Advising you on the optimal VAT scheme for your business.
Representing you at VAT inspections.
Providing guidance and training for preparing VAT returns.
Payroll
By using our payroll service you can devote more time to running the business.
Our service includes timely payroll processing, payslips, summaries, P45s and PAYE submissions to HMRC.
We handle the year-end PAYE submissions covering P35, P60s and P11D forms.
Meeting all deadlines, we handle submissions promptly to protect you from penalties.
TO CONTACT
By Telephone
020 8655 2252
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3. Taxation
Company Taxation
Companies are liable to corporation tax and corporation tax returns must be submitted to HMRC on time, otherwise automatic penalties apply.
Our service includes preparing computations, filing the corporation tax return, determining the tax due and providing clear advice on payment.
We can also provide advice on the most tax-efficient way of extracting profits from a managed/owner company.
Personal Taxation
Anyone who is self-employed, a director or has received income not previously taxed needs to file a self-assessment return.
Late or incorrect submission of a return can result in penalties.
Allow us to manage your self-assessment and eliminate the worry of penalties.
As well as completing your return we will advise you on the amount of tax you have to pay and when.
All dealings with HMRC can be handled by us, giving you complete peace of mind.
Tax Planning
Effective tax planning, based on professional advice and tailored specifically to your circumstances is vital whether you are an individual or a business.
We advise on every allowance and deduction you can legally claim to reduce your tax bill.
It is completely legal and wise to engage in tax planning to save for yourself and your business.
Tax Investigations
We handle all tax investigations on your behalf, whether personal or company-related.
4. Company Formations and Secretarial Services
Company formation services cover off-the-shelf, bespoke, Limited Liability Partnerships and PLCs.
Furthermore, we offer comprehensive secretarial support including the following.
- Registered office facilities.
- Maintenance and updating of company registers.
- Handling and submitting annual company returns.
- Preparation of share certificates.
- Completion of documentation for share transfers.
- Submission of statutory documents.
5. Business Start-Up Services
It is important to plan meticulously prior to starting a new business.
Early consultation with us when establishing a new business gives access to these services.
- Advice on choosing the right structure — sole trader, partnership, limited company or LLP — is available.
- We help identify finance needs and prepare detailed business plans and cash flow forecasts.
- Tax planning guidance relevant to your venture is provided.
- We help choose and implement effective accounting and bookkeeping systems.
Contact Soteriou Christou for Accountancy Services in New Addington
Accountants New Addington needed? Call Soteriou Christou on 020 8655 2252 or use our simple online contact form. Our experienced independently star rated Chartered Accountants New Addington serving team can assist you with any Accountancy New Addington requirements, so please do not hesitate to contact our team on 020 8655 2252.