Services

As noted on our previous pages, we aim to provide a comprehensive and professional service covering the many facets of accounts preparation, tax compliance and planning.  Our primary services are as follows:-

Accountancy

Payroll

Personal Tax

Corporate Tax

Tax Investigations

Employment Status

VAT

Property Matters

Accountancy

 

  • Completion of annual accounts.
  • Assistance with business start ups.
  • Preparation of monthly or quarterly management statements.
  • Bookkeeping if required.
  • Completion of VAT returns.
  • VAT registration and de-registration.

Payroll

 

  • Processing weekly or monthly payroll.
  • Providing all payslips for employees.
  • Calculating the monthly PAYE payments.
  • Processing P45’s, P46’s and various other in year forms.
  • Provision of advice regarding sick pay, maternity pay, student loans etc.
  • Processing payroll under the new system of RTI (Real Time Information).
  • Providing employee P60’s.
  • Processing P11D and P9D expenses and benefit returns.

Personal Tax

 

  • Completion of self assessment tax returns.
  • Calculation of liabilities or refunds as the case may be.
  • Provision of compliance and planning advice.
  • Advice on employment/self employment status.
  • Corresponding on your behalf with HMRC.

 

Corporate Tax

 

  • Completion of corporation tax returns.
  • Calculation of liabilities or refunds as the case may be.
  • Provision of compliance advice.
  • Provision of advice regarding the different methods of extracting funds from the company.
  • Corresponding on your behalf with HMRC.

Tax Investigations

 

  • Working on your behalf in connection with any HMRC investigation.
  • Attending any interviews.
  • Assisting in bringing any dispute to a swift conclusion with the best result for you.

It is now the case that HMRC can randomly select taxpayers for investigation – they no longer need to be able to justify their approach to a taxpayer.  In the circumstances it is therefore all the more important that a taxpayers affairs are kept up to date and in order.  This is an area where we can help by providing timely reminders and suitable advice regarding all aspects of tax.

Should HMRC come knocking, we will be there to assist you in any dispute.  Remember, we will be putting your side of any argument in order to get the best outcome for you.

 

We would mention here that we have well established links with a local company where specialist investments advice is desired, as no doubt you would wish to benefit from investing wisely.  Additionally, as we are not registered auditors, we maintain a link with another firm of accountants who will provide this service should it be required.

 

It is worth your while noting that we are registered with HMRC as agents to deal with online filing requirements for payroll, income tax and VAT and it will not be long before this is arranged for corporation tax.

You have seen the services we offer in the summary above – to this we would like to add some further detail for your information:-

Employment Status

 

This aspect of taxation, whether you are employed or self employed, has been the subject of many court cases over the years.  Each case has to be looked at on its own merits with a number of factors being crucial to making the right decision.  They all have to be looked at, and with our wealth of experience we are in a good position to advise on employment status matters.


VAT

 

We provide a full range of services in connection with VAT going right through from registration to deregistration.  The main features of our service here are:-

  1. Arranging for a business to be registered.
  2. Processing the VAT returns – this can take the form of either doing your bookkeeping from scratch, then completing the return, or taking your bookkeeping records, performing appropriate checks and then completing the return.
  3. Provision of advice regarding various VAT schemes that may be appropriate such as the Flat Rate Scheme, Cash Accounting or the Option to Tax.
  4. Arranging for a business to be deregistered.
  5. Provision of advice regarding other aspects of VAT not listed above.

Property Matters

 

Not in the summary as it can feature in all areas of tax.  There are therefore many tax considerations when it comes to property.  You may own a property as an investment, operate a bed and breakfast establishment or trade in the field of property development – even your own home (your principal private residence to give it it’s technical term) needs to be considered from time to time, particularly if or when you acquire a second residential property.  It would be our intention to advise on all related matters such as the divide between revenue and capital expenditure, stamp duty aspects and capital gains tax considerations.

Fee Protection

We now use the services of a specialist insurance company to provide fee protection. For a modest premium we can arrange for cover to be provided in the event of any enquiries being raised by HMRC, be they small aspect enquiries or full enquiries.

 

 

(C) 2010 - 2015 G M Richards & Co, Accountants and Chartered Tax Advisers, Bath, Somerset

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