Accounting, Bookkeeping & Tax Services

FORMULA ACCOUNTANCY

Personal, Professional, Proven results

Services

What we do

LIMITED COMPANY ACCOUNTS

Complete your profit and loss account’s to show your company’s sales, direct costs and indirect costs to give an overall net profit position

Calculate Corporation tax liability

Produce the balance sheet to show the value of everything your company owns, owes or is owed

Create notes to the accounts

Prepare the Director’s report, deal with all the relevant annual submissions to HMRC and Companies House

BOOKKEEPING

Your payments and receipts are kept up-to-date along with your VAT records

This will help you to make payments on time, stay on good terms with suppliers and chase overdue payments because we’ll keep track of your bills and invoices

Your annual accounts will be streamlined as a result of our regular bookkeeping services (weekly, monthly or quarterly)

VAT

Assist with VAT registration

Advise on VAT planning

Use the most appropriate scheme

Provide VAT control and reconciliation

Prepare and submit VAT returns as required by HMRC

MANAGEMENT ACCOUNTS

We can focus on key performance indicators that are relevant to your business

Help you understand your business better including getting a handle on your costs

Give you the tools to make meaningful business decisions

Done in a timely manner to ensure you can react quicker to any given situation

PAYROLL

Create customised payslips

Manage PAYE, National insurance, statutory sick pay, statutory maternity pay, etc

Complete year-end returns and submission to HMRC

Produce summaries and analyses of staff costs Handle incentive schemes, bonuses, ex-gratia and termination payments

Manage pension schemes and Auto Enrolment administration

SOLE TRADER ACCOUNTS

Prepare your trading accounts

Calculate your tax liability

Complete and file your tax return on your behalf

Advise on appropriate record retention

Advise on what can and can’t be claimed for

Ensure you never miss the deadline and avoid any penalties

CONSTRUCTION INDUSTRY SCHEME (CIS)

Complete subcontractor verification

Calculate deductions

Prepare payment statements

Prepare and submit monthly returns

BUSINESS START UPS

This requires careful planning and consideration in order to provide every opportunity for it to succeed.

We provide expertise and advice essential to guiding your business. We will help identify your needs and tailor your plans to provide you with a smooth take-off. The main questions when starting up your business are – Should I be a sole Trader, Partnership or Company and what are the tax efficiencies for these, should I employ staff or have subcontractors, what happens if I run a PAYE system, do I need to be Vat registered, what returns need to be submitted and when, do I need software. We can guide you through all of this.

We also offer a number of services including bookkeeping, payroll and much more which will allow you to focus on driving your business forward.