Yes, of course we prepare accounts and tax returns as well. However, we hope that goes without saying and that you can see the far greater benefits we offer our clients.
As standard, we provide clients with:
Preparation of year end accounts
Accounts are prepared swiftly and with meaningful insights. We encourage you to provide us with your year end records as soon as they are available. If you are using Xero to maintain your accounting records, we will have access to your records throughout the year. This is one of the many benefits of using cloud based software. As a result, you gain value from your accounts preparation, rather than simply ticking a box that you are compliant.
As we operate on a fixed fee basis with monthly payments, there really is no reason to hold back your accounting records until the last minute. Let us work with you to improve the quality of your accounting records and get you to a position whereby we have the time to consider planning opportunities which could benefit you and your business.
We are experienced in the preparation of sole trader, partnership, limited liability partnership and company accounts.
Personal and business tax returns
Personal tax returns will be prepared for all directors/shareholders where necessary. Again we will work with you, so that we have the information needed soon after the tax year end, to enable us to forecast your tax liabilities and mitigate these where possible. For example if you work with us and provide us with the information to do so, we will assess whether it is appropriate for your payments on account in January and July to be reduced, whatever time of year you make the decision to join Reach.
We will also prepare partnership and corporation tax returns where appropriate. As part of this process, we will ensure that available allowances are utilised in order to minimise the tax due. We can also discuss the options available to you with regards to how your affairs are structured.
P11Ds and income reference letters for business owners/directors
We will report relevant benefits such as company cars, private medical insurance, etc to HMRC through the preparation of P11Ds for directors. We can also provide advice on the benefits in kind offered and whether these are tax efficient. If relevant, you can also appoint us to prepare and advise upon the P11Ds for your team.
We will also prepare an income reference letter for business owners and directors to support mortgage applications. We all know that moving house can be a stressful time and we will therefore provide information needed to support the mortgage application swiftly. The fact that your accounts and tax return will have been prepared far earlier than perhaps they have been historically, will also help to make sure that you have access to information for the most recent financial/tax year.
Company secretarial services
We will file annual confirmation statements with Companies House. In addition, we will file notifications to appoint/remove directors, update address details or change the accounting reference date.
If you require more in depth services such as share restructures, these can be provided as a separate project.