VISION MAKES US WHO WE ARE
Our Services
Business Accounts & Taxation:
Producing your yearend accounts for Companies House & HMRC is an important and necessary part of your annual business life cycle and we understand that for many business owners it is considered a compliance requirement where very little business benefit is derived from it. With our wide range of compliance services, we’ll make sure that your accounts are prepared in the correct format, your statutory books and secretarial records are kept up-to-date and that all of your returns are prepared.
Our no-frills approach to accounting therefore offers the following benefits
- Data and transfer request from your previous accountant
- Preparation of your accounts for Companies House & HMRC
- Electronic Signing of Accounts & Forms
- Submission made electronically and proof provided of the same
- Full tax break-down and documents before submission
- Deadline Guarantee – We promise not to miss your deadline
Management Accounts:
It’s hard to predict the future in business, but our management accounting service goes a long way towards helping. Take the first step to controlling your finances.
Business owners often see management accounts as confirmation of what they know about their business already. We work with business owners very closely, meticulously planning and forecasting their results. However, it is still difficult to predict what will happen to a business in the future, meaning the need for accurate management information is integral.
VAT:
If your turnover is over a certain threshold then it’s compulsory to be VAT registered. However, if you come under the threshold it may be beneficial for your business to register voluntarily for VAT.
VAT and other indirect taxes affect businesses greatly and in today’s economic climate where competition is fierce and cash flow management is vital, effective management of both the risks and opportunities surrounding VAT is integral.
We specialize in providing VAT (Value Added Tax) services for small to medium size businesses along with our other accounting services. We ensure punctuality and accuracy to avoid any costly mistakes when preparing and submitting your VAT calculations to HMRC.
So, when you are making tax digital VAT returns, whether on monthly basis or quarterly basis, we will prepare and review and ensure that you pay as little VAT as possible and right amount of VAT to HMRC.
Bookkeeping:
Bookkeeping is one of those fiddly jobs that can really eat into your time. It’s pretty dull work, too. If you’d rather be doing something more interesting – like running your business – let me take on your bookkeeping task for you.
The importance of bookkeeping cannot be emphasised enough, but here are top reasons why this is vital to the health and life of your business.
1) Better financial analysis and management
2) Fulfilment of Tax Obligation
4) Business planning is easy
5) Proper record keeping is required by law
Payroll:
Administering the payroll can be an arduous and time-consuming task for today’s busy business owners. At Trends Accounting, we can help to relieve the burden with our comprehensive payroll service, which includes:
Customised payslips
- Administration of PAYE, National Insurance, Statutory Sick Pay, Statutory Maternity Pay, etc.
- Completion of statutory forms to submit to HM Revenue & Customs (HMRC) under the new Real Time Information (RTI) regime
- Construction Industry Scheme (CIS) returns
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses etc.
- Administration of pension schemes and pensions auto-enrolment
CIS:
Construction Industry Scheme (CIS) is introduced by HMRC that dictates contractors to withhold tax for certain constructions contracts unless subcontractors are registered to receive the gross payments. Under the CIS scheme, contractors deduct money from a subcontractor’s payments and pass it to HMRC, which serve as advance payments towards the subcontractor’s tax and national insurance. This needs to be done every month, and contractors who fail to comply can face hefty fines. If you are in the construction industry, whether you are a subcontractor or a contractor, you have certain obligations to meet. At Trends Accounting, we can offer to carry this task and ensure you are compliant with CIS regulations.
Self-Assessment Tax Returns
At Trends Accounting, we provide advice and services considering personal and individual circumstances when it comes to self-assessment. We support our clients by minimising their tax liability wherever possible in personal tax return calculation.
We will support you in the following ways:
- Advice and support on ‘Notification of chargeable’ (registering for self-assessment)
- Tax planning & computations
- Submission of tax returns online
- Submission of tax refunds/ tax repayment claims wherever applicable
- Dealing with HMRC enquires
- Appeal for waive off penalties and surcharges
- Tax advice on holiday lettings and property income (also on buy to let properties)
- Determining your residence and domicile status for Tax return purposes
- Working out all the reliefs in your best interest when calculating Capital Gain Tax for example
- Principle Private Residence relief
- Entrepreneur relief
- Gift relief
Company Formation:
Setting up a new limited company for you or your business can be very exciting but at the same time challenging. Trends Accounting, we can help by providing high-quality essential services such as;
- Company structure advice for tax-efficient purpose at the time of incorporation
- Guaranteed company formation in 24 hours
- Help and assist in choosing your company name
- Provide you with the Memorandum and Articles of Association
- Send you the incorporation certificates upon the incorporation of the company
- Provide an accountant’s letter for verification purpose
- Advice and support on other company compliance issues such as VAT, PAYE, CT registration
Business Startup
Whether you are an experienced entrepreneur or new to the world of business ownership, it never hurts to seek out expert advice and support from an accountant that you can trust. At TWP we have a long history of helping innovative and fast-growing businesses get off the ground by offering pro-active support and advice based on years of experience.
We will help take you through incorporation, as either a Sole Trader or Limited Company, ensuring your personal and business tax planning is efficient. We will also be there to provide the accountancy basics, helping you to interpret the financial information and trends that will guide your decisions.We will work closely with you to put together your strategies for f uture growth, while making sure you remain compliant with the requirements of setting up and running a business, such as the Companies House rules.
OUR ADVISORY AREAS
VISION MAKES US WHO WE ARE