Accounts Preparation
Accounts need to be prepared for a number of reasons, to fulfil both internal management requirements and satisfy external bodies, such as HMRC. From Limited Companies to LLPs and Sole Traders, our accounting services cover all aspects of accounts preparation, including corporation and personal tax returns, VAT returns and more.
It goes without saying that your accounts need to be accurate and prepared in accordance with relevant laws and accounting standards, but we also pledge to do this in the most efficient way with minimum time required on your part. We’ll also identify any opportunities or issues we find along the way and raise these with you at the earliest opportunity, to ensure you can capitalise on them or work to resolve them.
If you run a Limited Company, you are required to prepare statutory accounts and submit these to Companies House annually. You are also required to file a Corporation Tax Return annually with HMRC. We’ll take care of everything that HMRC requires and inform you of the corporation tax payment required in plenty of time.
Payroll Services
At Keswick Accountancy, our Payroll Services are designed to alleviate the complexities of payroll management. We offer a comprehensive range of services, including:
– Payroll Processing
– PAYE Registration
– HMRC Payroll Compliance
– Year-round customer Support
Tax Planning
Tax is a fact of life, but paying too much tax is never on anyone’s list of priorities. Every year, UK taxpayers give away several billion pounds more than they need to. In 2022 the figure was thought to be around £4.6 billion.
The government creates many legitimate opportunities for you to reduce the amount you pay in tax. However, you may not be aware of them all, or you may be unsure of how to take advantage of them or, like many people, you may have known but simply not done anything.
Tax is a complex area, and becomes more so if you run a business or have several sources of income. Numerous factors will affect the amount of tax you should pay each year, including your job, savings and personal circumstances. But for many of us, fear of paying too little tax, and the possible consequences, means we can end up paying too much.
The most common areas where we tend to waste tax are:
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CIS Services
Administration of the Construction Industry Scheme (CIS) requires a considerable amount of extra work, along with the risk of exposure to severe penalties for non-compliance. Delegate this responsibility to a business partner such, that you can rest assured that you will benefit from an all-encompassing and fully compliant solution.
Our service includes:
– Registration with HMRC as a contractor
– Registration and verification of sub-contractors
– Calculation of deductions
– Preparation of payment statements
– Preparation and submission of monthly returns
Reviews
When we decided to set up Luminx Digital Services as a limited company, we weren’t sure how to go about it, so we asked Sam from Keswick Accountancy for help. Sam really knew his stuff and made setting up the company with HMRC and Companies House a breeze. He also gave us some great tips on saving taxes and handling our finances.
Sophia DonaldLuminx Digital Services
Sam from Keswick Accountancy has been amazing helping our web design business get off the ground, register for VAT and look after our accounts.
James DeamerRushax