Self-Assessment is the term used for the return required by HM Revenue and Customs for any individual who conducts a trade or profession. Some employees and directors on a high income are also required to file a tax return. This return must be submitted every year and increasingly a default £100 penalty is levied for non-submission of a Tax Return. This is HMRC’s new tactic for increasing revenue even when tax is not due.
Tax Legislation is constantly changing and is becoming increasingly more difficult to understand for the lay man. Don’t risk incurring penalties by failing to complete your tax return on time, in full or accurately.
We promise to save you time, worry and money by undertaking the Self-Assessment for you. We can undertake all the necessary computations and will complete your Return for you. Our service includes advice on how you can minimize legitimately your tax liability. Whether you are caught by IR35, have capital gains or simply have a small business which requires accounts we are there to help. At no extra cost we can act as your agent, thus dealing directly with the HM Revenue & Customs on your behalf.
Over the years new legislation has made it increasingly attractive to incorporate ones’ business thus taking advantage of the reduced tax rates on offer for companies. At Accounting Solution, our tax accountants have the skill and expertise in guiding you through the best way of structuring your business to take advantage of this legislation thus ensuring maximum profitability and lowest tax liability for your business.
Optimum tax efficiency is a very important goal for any businesses. Why pay more tax than you have to! We conduct a detailed understanding of your current and future business objectives and can help you structure and plan for better tax efficiency both immediately and in the medium to long term.
We have a thorough understanding of VAT, PAYE, Corporation Tax, capital gains and personal tax matters. Accounting Solution can make a substantial contribution to the overall profitability and efficiency of your business.
Start-Up Business Advice
Are you contemplating starting a new business venture? Have you been dreaming of being your own boss! Accounting Solution is committed to provide invaluable company and business start up advice. Important decisions about the structure of your business need to be taken before commencement of trade.
We are happy to offer a free initial consultation wherein we can evaluate your new idea for a business venture and propose the most suitable business vehicle for your individual circumstances. We can deal with any compliance issues like registering for VAT, setting up a PAYE scheme, National Insurance contributions, CIS if you work in the construction industry and can inform the HM Revenue and Customs of any possible change in your employment circumstances.
We are also able deal with Limited Company formations if, after our discussion you would like to incorporate a new Limited Company. At Accounting Solution we are experienced in dealing with new start up business and to help you through the very first steps of a hopefully successful new venture.
VAT Returns in Brighton, Hove, Sussex & Surrey
VAT, which is presently charged at 20% is a tax on consumption. All businesses exceeding a turnover of £81,000 must register for VAT. For some businesses whose turnover has still not reached the threshold it is sometimes advantageous to still be VAT registered and claim any input tax.
We provide a VAT return service for Brighton, Hove & the Sussex and Surrey areas in a cost-effective way. At Accounting Solution, we help with all aspects of VAT accounting. We can register you for VAT, take over the preparation and maintenance of the VAT Return and conduct all VAT compliance work required. Our VAT service comes as standard when we carry out the book keeping service for you.
There are various schemes within the VAT law like cash accounting, quarterly or yearly (Annual) returns and the FRS. Some schemes like the Flat Rate Scheme (FRS) might be advantageous to your business. Get in touch to discuss the various options available for your business. We guarantee to make your VAT accounting easy and practical, hopefully saving you VAT £££ along the way.
Bookkeeping Services Brighton
Our Bookkeeping services are tailored to your individual needs and we can offer all or any of the following:
- AccountingDebtor chasing and managementSupplier reconciliations and payments
- Processing cheques or BACS paid and amounts received
- Bank reconciliations
- Full annual accounts preparation and submission as necessary
- Filing accounts with Companies HouseVAT returnAccount Reconciliatio
- Monthly Financial Reports and Analysis
- General Ledger Maintenance
- Fixed Assets and Depreciation
- Cash Flow ManagementA full payroll bureauTax problem resolution
- Inland Revenue representation
- Current and delinquent tax returns
- QuickBooks setup
- Sage Line 50 setup
- Tax preparation for businesses and individuals
We charge a very reasonable hourly rate or a fixed price monthly to aid budgeting & cash flow.We guarantee to save you money on your present arrangement and are sure that our service will be better than the competition. Prices for book keeping start at £15/hour off site. Monthly packages start at £100/month.
Reduce costs, buy better, increase profit. We offer an innovative service aimed at cost reduction. Our cost reduction experts have a proven track record of securing sustainable year-on-year savings for our clients. They deliver these across a wide range of spending categories. They work with businesses in most industry sectors.
They can help any company but it is usual firms with an annual turnover exceeding £500,000 and who employ more than 5 staff which benefit most. We can identify and deliver an expenditure reduction of usually at least 5% of turnover.
It isn’t just about switching energy suppliers etc. It includes many other areas such as production costs, purchasing and procurement activities and delivering increased value to their customers.
What will it cost you?
Our standard pricing model is to charge a flat daily fee. We will analyze your company operation and after having understood your structure, function and method we will write up a report with our recommendations. If you stick to our recommendations, we guarantee the cost savings outlined. Every company has potential savings to be made – our job is to identify them and deliver the benefits.
Company Secretarial Services
As a Company Director you must make sure you are complying with the Companies Act. Accounting Solution offers a full Company Secretarial Services including Company formation, registered office address, mail forwarding, preparation of statutory returns and maintenance of statutory books. We complete and maintain your Company’s statutory records so you can concentrate on the things you do best.
At Accounting Solution we recognize that at times business need bank or private equity finance to achieve their full potential. This can either be in the form of start up funding or additional finances to expand.
It is very important to structure and adequately finance your business in the right way. Accounting Solution is there to help. We can conduct a review of your business, both past performance and future expectations. We can help with the production of a Business Plan including forecasts and cash flows and liaise with either your present bankers or introduce you to our many contacts in the banking community to get your requirements across in the most clear and concise way possible.
Management Accounts Services
Accounting Solution understand that at times business owners want to ‘do their own thing.’ Our management accounts service is aimed exactly at the business owner who wants a helping hand in either understanding his financials or wants a more professional eye to have a look at the business financial information. We offer a valuable resource and opportunity for businesses/companies to help them prepare their Management Accounts and review the performance of their business on a regular basis.
At times in house Management Accounts are not used to their potential without the necessary time spent in evaluating what they mean and where potential issues may lie at the current time or in the future. Our trained accountants can identify opportunities for cost saving and systems developed to ensure efficiency and effectiveness.
We endeavour to offer our Clients more than just a standard accounting service. By visiting regularly we can become part of the team that continues to make your business a success! We want you to see us as a Business Adviser not only as a boring accountant and tax compliance mogul. We want to help you boost your bottom line by providing support and advice over and above that of most accountancy services businesses.
Accountancy Brighton & Hove, Sussex
Every trade, profession on business must prepare annual Accounts. Accounting Solution can prepare your annual Accounts for your business whether you are in business on your own, in Partnership or have a Limited Company. As part of our accountancy services we give clear and practical guidelines on how you can improve the quality of your accounting records.
More importantly by using some simple techniques we explain how you can use the information from your Accounts to manage your business finances in a profit maximizing way such as to improve your cash flow.
IT Support Services
With great advancement in Information Technology it is no wonder that nowadays IT has become an integral part of our every day life. At Accounting Solution we are keen to embrace new technology and use it to the best possible advantage. The right software can assist you in running your day to day operations, provide you with up-to-date management information and automatically produce all your financial requirements such as VAT Return and annual Accounts.
Our team are experienced in most accounting software on the market today and have a knack on how to integrate them within the business overall operation. This seamless integration has helped many a business achieve great economies of scale. We are not about providing hardware and software products, even though we can, but more importantly it is about supporting and assisting our valued Clients in enhancing the benefits their software can generate.
Payroll Brighton & Hove, Sussex
Weekly / monthly payroll including payslips, PAYE/NIC & BACS services
The payroll function of any business is becoming increasingly costly and time consuming. With the ever-increasing changing legislation more and more firms are turning to payroll professionals to administer their payroll function.
At Accounting Solution we are dedicated to relieve your staff of the payroll function. We have experienced and qualified staff dedicated to providing an efficient Payroll Service allowing you to concentrate on core functions of managing your business.
We provide a highly efficient and cost effective part or complete service from weekly to monthly PAYE production to completion of year-end P35 Returns.
Especially if you have only a few employees we guarantee to make savings if you let us administer your payroll on our approved HMRC software which caters for automatic submissions relieving the need for costly paper storage and filing.
We are a small team of qualified Accountants providing a cost effective, reliable & friendly service to all clients who tend to be individuals & small businesses/Limited Companies across mostly the retail & service industries. Send us a message or give us a call as we would love to hear from you. Contact Us
Send us a message or give us a call as we would love to hear from you.