· Bookkeeping services
Bookkeeping is the foundation for any company’s accounting system; a detailed record of all the transactions. All businesses are legally required to keep up-to-date and accurate records for VAT and tax purposes. Although the statutory requirements for bookkeeping are very strict, it still allows for a bookkeeping system to be formed that best represents the performance of your business. At F&A Accountancy, we will work with you in either updating your current bookkeeping system or to define a new one entirely, best suited for you. Manage the future of your business by first having a full understanding of its performance, all the small details, whilst also meeting your legal requirements.
· Business advice and startup
Our team of fully-certified accountants will offer you their expertise in finance, accounting and business management to advise you on all aspects of running your business. It is important for the progression and growth of your business to have clear and defined goals that you try and hit, whilst regularly updating them for relevance. Running a business is far from easy and requires constant attention to detail, but you can take some comfort from knowing you will always be provided with a dedicated service that is custom made for you.
If you are looking to start a new business, we will help in forming and maintaining it. Roughly half of all businesses have ceased trading within 5 years of having been set up. We fully appreciate the risks taken by you and the stress this would cause, and therefore are dedicated to providing you with the help required to establishing a successful and profitable business. Surrounded by all the uncertainties of business-ownership, all your accounting needs can be provided for at a consistent basis for a fixed price- so you know exactly what you’re getting.
· Capital Gains Tax
Capital Gains Tax is a tax charged if you sell, give away, exchange or otherwise dispose of a certain asset and make a profit or gain. If you make a capital gain, you generally need to complete a self assessment tax return, so you need to keep relevant documents in connection with the gain or claim for losses or other reliefs. You also need records that, if necessary, will enable you to answer any queries from HM Revenue & Customs (HMRC).
We will keep all the relevant and required records needed legally and complete any returns to HMRC if a capital gain is made in a financial year.
· Company accounts
End-of-year company accounts can be confusing to the untrained eye. Our small team of accountants have over 50 years of experience combined on accounts so you can be rest assured that your company’s performance will be portrayed as accurately as possible whilst complying with the statutory requirements.
We offer full annual and regular management accounts preparation and review service.
· Corporation Tax
Once the end of year accounts have been completed, the profit your limited company makes in the year will be subject to corporation tax. We will manage this whole process so you won’t have to.
· Management accounts The purpose of management accounting is to provide up-to-date financial and statistical information to help in the day-to-day running and short-term decisions for the company. We use a range of accounts to give you advice on how we think your company could run more efficiently. Together, we will come up with a plan to best suit your needs and decide on courses of action. Want to see the profitability of each department, product or customer? This will allow you to better analyse your performances and micro manage your business.
· Payroll Services
Whether you have one employee or 1,000, you are required to keep extensive and detailed paperwork of each and every one of them, whilst also making sure they are paid. With us, you can be rest assured that your records are all accurate and kept up to date at all times.
· Personal Tax
If the only service you require is help with your personal tax, we can
· Pension duties
Every employer now has a legal requirement to enrol all members of staff into a pension scheme that meet a list of criteria set out by The Pension Regulator and subsequently pay contributions towards it. (Visit http://www.thepensionsregulator.gov.uk/doc-library/automatic-enrolment-detailed-guidance.aspx for more information.) This is going to apply to the majority of employers once their staging date has passed.
At F&A Accountancy Ltd, we offer a full service where the whole process is dealt with for you. We will give you constant updates on any changes in the scheme and how this would affect you, as well as information and advice on the issue.
· Sole traders, Partnerships, Accounts preparation
· Tax planning
Tax planning is the act of considering the implications of tax when making business decisions. If you desire to be tax efficient, together we will come up with a business plan whilst considering the implications of tax laws.
· Self assessment tax returns
Self assessment is the process set by HMRC to collect income tax. We will process the returns for you and
· VAT returns
HMRC expects a detailed and accurate calculation of how much VAT is owed to and from each registered company. This means that