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Year end accountancy services:

As your business grows then your bookkeeping and accounts production grows with it. From your source books and records we will prepare your annual accounts that will form the basis of your tax return, whether you are a sole trader, partnership or limited company.

Correctly produced accounts will be invaluable for providing information about your business to both investors and financial institutions and will certainly be requested when seeking finance.

We can advise you on ways to maintain a robust and accurate record of your affairs which will assist you in meeting your statutory obligations such as VAT and tax returns. This will reduce the likelihood of an investigation by H M Revenue & Customs and under such events make the process straight forward and painless.

If you currently use a software package to maintain your bookkeeping we will be happy to prepare your accounts from the trial balance and working papers you provide us with.



Company administration:

At C M Accountants we also offer the following services for your company:

  1. Company Formation - this service includes discussion with you as to the structure of the company, setting up the company online, tax planning and dealing with the initial forms from the revenue.

  2. Filing of annual returns to companies’ house online - failure to do so will result in the company been struck off.

  3. Filing of all other forms to companies house such as change of registered address, resignation of director etc.

  4. We can also offer other forms of support and administration.


Taxation:

Tax legislation is changing all the time so it’s important to be up to date and to know what you can and cannot claim.

There is a general tightening up of the system in terms of penalties charged for late, incomplete or inaccurate returns both personal and company submissions. H M Revenue & Customs also carries out unannounced spot checks and has the power to turn up at your home, premises and demand to inspect or remove records for analysis.

At C M Accountants, we aim to submit all returns to H M Revenue & Customs on line and in a timely fashion. We can also inform you of your tax liability so you have time to prepare for the outstanding tax owed.

It therefore pays to have your tax returns completed correctly and on time - you may be able to claim more then you think, thus reducing your tax bill.

Recent changes have seen a decrease in the AIA (Annual Investment Allowance) for businesses the allowance is now £500,000 for qualifying expenditure.

Entrepreneurs Relief has been raised to a life time limited of £10 Million pounds, for Capital Gains that qualify the tax burden is reduced to 10%.