VAT
The ever-changing regulations and the growing demands of HMRC mean VAT compliance can be a burdensome administrative process for all organisations.
This is where AB & CO Accounting & Tax Services Limited can provide value for your business by assisting with the following:
- Assistance with VAT Registration/Deregistration
- Completing VAT returns and Submitting these on behalf of your business
- Advising on VAT planning and administration including a choice of most appropriate scheme.
- Assisting when buying or selling a business
- Dealing with HMRC on behalf of your business and planning to minimise future problems with HMRC.
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Corporation Tax Services
The legal responsibility to correctly calculate corporation tax liability falls on the business owners. We understand that business owners may not have the time and technical skills to honor these legal obligations.
Our objective is to understand your business and provide comprehensive and cost-effective compliance service to take the burden from you including:
- Calculating your company’s tax liability and providing advice on any quarterly installment payments and when to pay.
- Dealing with HMRC on behalf of your business.
In order to help your business minimize your corporation tax liability, we offer tax planning services including:
- Offering advice on the most tax-efficient ways to structure your business in order to achieve maximum tax savings.
- Advising you on the most tax-efficient ways to extract profit from your business.
- Advising you on how to claim all tax reliefs available to your business.
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Payroll Services
Payroll management can be a challenge for most businesses. Handling a business is enough time-taking, each minute is important for a growing business. So, why not focus on your growth and leave the rest on our shoulders?
AB & CO Accounting & Tax Services Limited offers payroll management service to small businesses so they can run smoothly.
Our payroll experts are up to date with the changes in the legislation and ensure you are compliant.
Our payroll solution is fully compliant with the auto-enrolment requirement.
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Sole Trader Accounts
Managing your core business activities and dealing with the accounts can be a challenge for small businesses. Often, small busineses spend valuable time in managing the accounts efficiently. Let the professionals handle the accountancy work for you while you focus on bringing the cash in the business. At AB & CO Accounting & Tax Services Limited, we focus on building a robust and effective plan that ensures that your accounts are handled with care and efficiency.
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Management Accounts
Is your business struggling to make sound and effective decisions? Well-prepared management accounts will help you to identify trends in income and spending that can help you to spot potential problems before they occur. Effective use of management accounts will enable you to lower business expenses, improve your profits and grow your business.
AB & CO Accounting & Tax Services Limited will prepare and help you review the management accounts on regular basis to allow you to reflect on past decisions and learn for making effective future ones.
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Cash Flow Forecasts
Cash is the life-blood of your business. This is why a cash flow forecast is one of the most important tools you require as you manage your business finances. A cash flow forecast will serve as an early warning system. The cash flow forecast will aid in predicting future income and expenses in order to identify possible shortages or surpluses. If your business requires more money for investment, then cost cutting in other areas may be required. A cash flow forecast allows you to make such decisions.
Being the expert, at AB & CO Accounting & Tax Services Limited, we provide an insight into the financial records to forecast the cash flow for the upcoming days, months, or years. We support you in making effective decisions based on the cash flow forecasts.
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Year-end Accounts Preparation
All businesses including Sole Traders, Partnerships, or Limited Companies will have a requirement to prepare end of year accounts. This is where we come in to take your burden away by offering exceptional service and add value to your business.
Our objective is to understand your business and to help you find the best and most cost-effective solution in all areas of accountancy. We understand that every business is run differently, and so we go beyond the minimum to develop bespoke systems that will meet the specific needs of your business.
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Cloud Accounting
Entering your transactions manually can be tedious and would require valuable time which could be used to grow your business. With Cloud accounting softwares, data about your purchases and sales or income can be made to flow directly from your bank to your books. This is why many businesses are turning to cloud accounting software such as Xero.
At AB & CO Accounting & Tax Services Limited, we have professionals who are not only aware of the technology but are proficient in performing the task as well. Get in touch with us to get further details about the service.
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Charity Accounts
Most charities continue to struggle with funding shortages, adhering to more regulations, and compliance. The importance of ensuring your activities achieve “value for money” and have the maximum “impact” cannot be overemphasized. Your charity is required to accurately record and report information in order to appeal to donors.
AB & CO Accounting & Tax Services Limited is a proactive firm of accountants and will efficiently handle the charity accounts for you. We will work with you to ensure that you meet the filing requirements of the Charity Commission and Companies House (where appropriate). We will advise you of tax-efficient fundraising approaches as well as assisting you in claiming gift aid.
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Self-Assessment Tax Returns
Dealing with HMRC and conducting your affairs in a tax-efficient manner can demand technical skills. As your accountants, our objective is to work closely with you to ensure that you comply with the tax legislation and to pay the tax liability as required by the law. As tax advisers, we will use plain language and help you to conduct your affairs in a tax-efficient manner. At AB & CO Accounting & Tax Services Limited, we are one-stop to helping you get rid of all the burden on your shoulders and let you focus on the main points of growth.
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Tax planning
The main purpose of tax planning is to ensure tax efficiency. A professional person with the relevant knowledge checks the financial situation of the business from a tax perspective. As Chartered Accountants and tax experts we provide you with practical advice on how to conduct your affairs to ensure that you achieve the maximum tax savings possible and to comply with the rules.
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CIS Tax Returns
Whether you are new to working in the construction industry, or you have been in this industry for a while, the scheme can be difficult to understand. Because contractors and subcontractors must keep records of taxes suffered, the scheme can be an administrative burden for many.
AB & CO Accounting & Tax Services Limited helps you register for the scheme, deduct the amount, maintain a proper record of the taxes you’ve suffered and to maximise your rebate . We are the experts with years of knowledge in the field, so let us handle your work.
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Estate Tax Returns / Trust Tax Returns
If you receive income from a trust or from the estate of a deceased person, you may have further tax to pay on the income or you may be able to claim a tax refund.
Trust Tax Returns come under the umbrella of personal tax service that require professional experience and skills to save the time. At AB & CO Accounting & Tax Services Limited, we provide expert advice in all areas to ensure that you plan your tax affairs in a tax efficient manner.
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Worldwide Disclosure Service
The Worldwide Disclosure Facility (WDF) was announced by HMRC on 5th September 2016. The WDF allows individuals to disclose a UK tax liability relating to financial interests overseas to bring their tax affairs up to date back in the UK.
If you are unaware of the process, then let the professionals handle the work for you. At AB & CO Accounting & Tax Services Limited, we provide Worldwide Disclosure Service to our clients who are unable to follow the steps or require expert advice.
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Tax Review Service
Did you know many people overpay tax due to tax return errors? At AB & CO Accounting & Tax Services Limited, we undertake a review of your tax affairs and advise you on how to effectively plan your tax affairs to ensure your wealth is protected. In reviewing your tax affairs, we prepare a full income tax calculation and submit these on your behalf and claim any tax refunds for you.
