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.
A business may also choose to have an audit even though it is not required by law, such as in the following circumstances.
- To provide assurance to third parties like potential investors, financial institutions and suppliers regarding the reliability of its financial data.
- To deter any potential fraudster.
The audit process includes a detailed examination and understanding of the company’s activities, financial records and internal control systems.
Such insights frequently enable us to offer proactive advice across a wide range of business issues.
Our firm is authorised by the Institute of Chartered Accountants in England and Wales to carry out audit work.
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.
- This frees them up to concentrate on running and expanding their business.
- It helps reduce their year-end accountancy fees.
- It lessens the risk and worry of making mistakes.
- This provides them with timely and dependable management information.
Annual Accounts preparation
Regardless of structure — sole trader, partnership or limited company — every business must prepare annual accounts.
The accounts for sole traders and partnerships provide the foundation for completing their self-assessment tax returns.
Limited companies must produce their accounts in the required statutory format and deliver them to Companies House within ten months following the year end.
When preparing accounts our goal is full compliance with statutory regulations while identifying opportunities to minimise your tax liability.
We will discuss the prepared accounts with you so you clearly see how the business is doing and provide suggestions for enhancements.
VAT
We can manage your VAT matters, including timely completion of VAT returns to prevent penalties.
In addition we can assist you with the following.
- Help with applying for VAT registration.
- Recommending the best VAT scheme for your specific business.
- Support during VAT inspections.
- Offering training on how to complete VAT returns.
Payroll
Free yourself to concentrate on running the business by taking advantage of our payroll service.
Payroll is prepared promptly with payslips, summaries, leaver documentation and PAYE returns all handled for you.
We handle the year-end PAYE submissions covering P35, P60s and P11D forms.
We will complete these on time to ensure you avoid penalties.
TO CONTACT
By Telephone
020 8655 2252
To Email
3. Taxation
Company Taxation
All companies are liable for corporation tax and must submit returns to HMRC promptly to prevent automatic penalties.
We can prepare the company’s tax computations, complete the corporation tax return, calculate the corporation tax liability and advise you on how much tax you have to pay and when.
We offer advice on the most tax-efficient methods of extracting profits from owner-managed companies.
Personal Taxation
Self-employed individuals, company directors or those with untaxed income must complete a self-assessment tax return.
Late or incorrect submission of a return can result in penalties.
Let us complete the return for you and remove the worry and risk of penalties.
We prepare the return and advise you fully on tax liabilities and payment timing.
We manage communications with the tax authorities on your behalf.
Tax Planning
Effective tax planning, based on expert advice specific to your situation, is crucial for individuals and businesses alike.
We can advise you on all allowances and deductions you are legally entitled to claim, thereby minimising your tax bill.
Such advice is lawful and represents a prudent step to reduce costs for you and your business.
Tax Investigations
We handle all tax investigations on your behalf, whether personal or company-related.
4. Company Formations and Secretarial Services
We handle company formations including off-the-shelf, bespoke, Limited Liability Partnerships and Public Limited Companies.
Furthermore, we offer comprehensive secretarial support including the following.
- Acting as your registered office.
- Management of all statutory registers.
- Completion and submission of annual returns.
- Issuing share certificates.
- Completion of documentation for share transfers.
- Lodging statutory documents with Companies House.
5. Business Start-Up Services
Thorough planning before starting a new venture greatly improves your chances of success.
Consulting us early when setting up a new business allows us to offer the following services.
- We help you decide the best legal structure for your business, be it sole trader, partnership, company or LLP.
- Raising finance and business plans; identifying your funding needs, and preparing a business plan and cash flow forecast is vital to the survival of the business.
- Tax planning; we will advise you on the areas of tax most relevant to your business.
- 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 South Croydon
Accountants South Croydon call Soteriou Christou on 020 8655 2252 or use our simple online contact form. Our experienced independently star rated Chartered Accountants South Croydon can assist you with any Accountancy South Croydon requirements, so please do not hesitate to contact our team on 020 8655 2252.