Concept Accountancy provides a variety of financial services for you to choose from specifically for small and medium sized businesses. Our main focus is providing you with the time and expertise to help you make your business a success. Our services have been developed across two main areas:
- Conventional Services – Designed to remove the administrative burden of running a business from our clients, enabling them to concentrate on the day to day operations.
- Concept Services – Designed to provide proactive business support to help clients take the next steps in moving towards their business goals.
Accounts & Tax
Our accounts and taxation services incorporate the full preparation of your annual accounts and completion of yearly personal and business taxation returns. We have a range of expertise in many different industries and business structures including sole traders, partnerships and limited companies.
As your year-end approaches we will agree a timetable with you for completion of the accounts which minimises any disruption to your day to day business and leaves no late surprises when it comes to your tax liabilities.
In today’s climate small businesses are subjected to a large variety of different taxes which seem to be constantly changing and becoming ever more complex. We want to help to minimise our clients tax liabilities as much as possible and offer integrated personal and business tax planning advice to help you achieve this.
Preparing your own payroll can be time consuming and daunting, especially when faced with having to get to know all new employment and taxation rules. We don’t want our clients worrying about whether returns have been completed correctly or penalties may have been incurred which is why we offer a comprehensive payroll service.
We can process weekly, four-weekly, monthly or annual payroll for 1 – 100 employees taking care of all the HMRC filing and returns. We will ensure you are fully compliant with all the year-end payroll deadlines and are on hand whenever you need us for employer or employee queries.
For contractors, the Construction Industry Scheme can be a minefield with complicated rules on when you should and shouldn’t deduct CIS tax. We offer help and advice to our clients on when you should apply CIS tax to payments and can process your monthly CIS returns providing deduction certificates for your sub-contractors.
Value Added Tax has the illusion of being a simple transaction based tax, however it is far from it and can be so complex that many businesses can unintentionally over or under pay VAT. We want to help our clients comply with all the demands of Customs and Excise without them falling foul to penalties, interest or paying too much and offer an extensive service.
- VAT registrations
- VAT preparation and control
- Completion of VAT returns
- Negotiations with Customs and Excise in disputes and investigations.
We have a wealth of experience in all matters relating to VAT and recognise that every business is unique. We can offer our clients advice on how to plan for VAT, what the most appropriate scheme to use would be as well as how to minimise future problems with Customs and Excise.
Running your own limited company isn’t always quite as simple as you may first have thought. As a director of a company there are a number of general duties required by statute which you must fulfil. Non-compliance of these duties can have serious consequences including your company being struck off and you, as a director being disqualified.
But don’t panic! We offer clients a full range of company secretarial services to enable you to keep on top of all the statutory requirements of your company without you needing to lift a finger. The services we can provide include:
- Company Annual Return submissions
- Production of dividend vouchers
- Documenting of board meeting minutes
- Registered office facility
- New company formations
Furthermore, we keep a close eye on all the current company legislation within the UK and keep all our clients updated of any new developments which may affect them, meaning if anything does change you won’t need to worry as we’ll be on hand to make sure all your statutory duties are being fulfilled.
Concept services are a range of additional services which we offer our clients to help them take the next steps in moving towards their business goals.
We can provide help with understanding your current financial performance by providing management accounts on a one off, quarterly or monthly basis. These are based around a profit and loss statement and can include trend analysis of sales as well as commentaries on key indicators which may improve your business’ performance.
We can also offer advice on how to improve your administrative efficiencies by the use of accounting software to streamline invoicing, supplier payments and banking transactions. We have links to a number of software suppliers including Quickbooks, Zero and Sage and can help tailor the package to suit your needs. We are also on hand to train you on the software to ensure you are getting the most out of it for your business.
If growth is your main goal, we can offer clients help in completing business cases and financial modelling ready for investors to view and we can also help in the completion of funding applications. We have contact with a wide network of finance providers who we can introduce you to if raising capital is required to fund your growth plans.
When it comes to the time when you are considering the future of your business we are on hand to offer advice and support in areas such as selling your business or succession planning. We can provide business valuations services and potential exit strategies to enable you to gain the most value from your business in the most tax efficient way possible.
If you’d like to hear more about our range of concept services or any of the other services on our website, please give us a call on 0191 229 3450 or click here to complete our contact form.