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Services We Offer
We offer a range of services and packages that can be created to meet the demands of your business, and that can flex through the ups and downs of any business year. Please contact us if you have any questions or a need for assistance that isn’t listed here, as we are also happy to provide consultations free of charge.
You can rely on our resources, expertise, knowledge, and experience to grow your business. We will do our best to make accounting processes hassle-free for you.
Bookkeeping
Good Bookkeeping Is The Foundation For A Successful Business
We at Clarified Accounting Ltd know how important accurate bookkeeping is. Maintaining your books well is vital for the health of your business and would also save costs on accounting and compliance.
Getting your bookkeeping right the first time makes both fiscal and common sense. With our software and resources, we’ll keep you updated on the status of your finances, ensuring you meet your deadlines. We will handle all your bookkeeping processes for you, prepare monthly reports and deliver them to you. Our bookkeeping service is easy to use, and you can send us your records via a cloud-based system or secured mails.
We are Certified Xero Advisors, FreeAgent Partners and can also work with Quickbooks Online.
You can rely on our resources, expertise, knowledge, and experience to grow your business. We will do our best to make accounting processes hassle-free for you.
Self Assessment Tax Returns
Filling out your self-assessment tax return can be confusing. Often, people do not understand how to register for tax returns and are not registered. Being able to determine the income to declare, as well as the allowable expenses or tax reliefs, can be a minefield. Using incorrect information can lead to severe penalties.
Allow us to prepare and file your self-assessment tax return to take the worry and uncertainty out of the process.
Having Trouble Preparing or Filing Your Tax Return?
Clarified Accounting Ltd’s qualified accountants will ensure your tax return is fully compliant, minimising your tax liability and maximising your income. We’ll begin early so that you won’t miss any deadlines.
You can rely on our resources, expertise, knowledge, and experience to grow your business. We will do our best to make accounting processes hassle-free for you.
Statutory Accounts & Corporation Tax
Statutory Accounts
Maintaining statutory accounts is an integral part of running a business and allows the key stakeholders to understand the state and performance of your business while also meeting the legal requirements by the Companies House and HM Revenue and Customs. (HMRC)
Statutory accounts are often referred to as annual reports or financial statements because they include a number of key figures and information.
After registering with the Companies House, every company must file its first set of accounts 21 months later. Afterwards, the accounts are to be filed nine months after the company’s financial year ends. Depending on how long a filing is delayed, there could be a fine of up to £1,500.
Our Statutory Accounts Service Is Not Like The Annual Dental Visit That So Many People Dread
With all our clients, we have regular touch-points and use live data from the accounting systems to discuss the present and future, identify and exploit new opportunities.
By staying in touch regularly, we can get to know what your goals are and what matters most to you. There are many reasons to free yourself from the day-to-day, whether it’s to grow the business, prepare an exit strategy, or spend more time with your family.
You can count on us to make that happen for you.
There are no surprises when it comes to year-end. Soon after your year-end, we will begin preparing the accounts, including calculating Corporation Tax. This gives you plenty of time to incorporate that payment into your cash flow plan.
Corporation Tax
As a UK company, you are required to file corporation tax returns with HMRC and pay the tax due.
A new business needs to register with HMRC using its official forms, so it knows you are trading and may be due for corporation tax.
If your company is subject to corporation tax, you must calculate how much profit it makes in each accounting period and how much corporation tax is owed on those profits.
HMRC must receive this information on a corporation tax return form along with the company’s accounts, within the required deadlines in order to avoid penalties and interest charges.
Accountants from Clarified Accounting Ltd can provide assistance with the preparation of company accounts, tax computations and filing the returns. In addition, we are able to provide tax planning advice on any areas you and your business may benefit from.
You can rely on our resources, expertise, knowledge, and experience to grow your business. We will do our best to make accounting processes hassle-free for you.
Value Added Tax
VAT Returns
Whether you are just starting out or have been in business a long time, Clarified Accounting Ltd accountants can help you understand your VAT responsibilities.
As a new business, we can help you decide if VAT registration is required from the beginning. We will continue to monitor your situation so that, if it becomes necessary for you to register for VAT, we can handle all the administration for you.
Conversely, we will also keep an eye on your position and deregister you when we think it is appropriate for you.
We’ll also examine and advise on the suitable VAT scheme, depending on your type of business. A VAT scheme can save you money on taxes and reduce your bookkeeping duties.
Our staff can prepare your VAT return either from your own records or by handling your record-keeping and VAT return.
As with other tax issues, we can act on your behalf for VAT purposes by communicating with HMRC.
You can rely on our resources, expertise, knowledge, and experience to grow your business. We will do our best to make accounting processes hassle-free for you.
Payroll
Your employees probably consider payroll to be the most important of all visible accounting disciplines. Even so, as a non-standard accounting function, it can be quite challenging.
There are a number of factors that contribute to the complexity of a small business payroll function including sick pay, maternity pay, a salary sacrifice scheme & changes to tax laws. Furthermore, you need specialist software to meet your statutory reporting requirements.
With our payroll services, you don’t have to worry about anything. We will process the payroll for your employees on time, ensuring they receive accurate payslips. While we handle payroll, we’ll also prepare and submit HMRC statutory reports, such as Real Time Information (RTI) PAYE submissions.
Whether you run your payroll weekly, biweekly, monthly, quarterly, or annually, we will:
- Create employee payslips
- Calculate maternity and sick pay, tax credits, student loans, and benefits (such as cars) under any changes to the tax code
- Issue P45, P46, P35, P11D, and P60 forms
- Track payments through your accounts and process payroll
- Implement RTI and complete your online filing
You can rely on our resources, expertise, knowledge, and experience to grow your business. We will do our best to make accounting processes hassle-free for you.
Business Support
In business support sessions, we analyse your current situation, identify the business issues and suggest strategies to overcome them. You will have the opportunity to gain an understanding of the industry through support sessions, as well as setting SMART goals that are in line with your business needs and that of the industry.
Business support sessions can unlock a variety of benefits because Clarified Accounting Ltd understands that it is hard to identify key indicators that can help the business grow.
You need a business plan if you want your business to grow. We can help you develop your business plans, challenge your assumptions, test the plans as well as provide ongoing support and advice to ensure you remain on track and learn from any missteps along the way. Our aim is to assist you in reaching your goals.
We offer the following Business Support services:
- Developing effective business strategies and plans
- Preparing budgets and cash flow forecasts
- Evaluation of management information and reporting
- Financial Health Check covering trend analysis, credit control, Key Performance Indicators & other relevant metrics
- Process and internal controls reviews with recommendations for improvement
- Business performance analysis with practical steps to monitor and improve cash flow and profitability
- Deployment of cloud-based accounting software, training & support
- Advice on the efficient business structure - sole trader, partnership or a limited company
Testimonials
Our clients’ reviews will reaffirm that our claim is backed by high client satisfaction. Client satisfaction is our top priority and we serve them with easy and practical solutions so they have the best experience possible.
