Annual Accounts Preparation
Our accountants can do a great job preparing your limited company, sole trader or partnership accounts at year end. However, getting the books together at year-end isn’t the end of the story. Using them to make informed business and personal decisions is the most important bit.
WE AIM TO MAXIMISE YOUR AVAILABLE INCOME AND WORK WITH YOU TO IMPROVE YOUR BUSINESS' FINANCIAL POSITION
As your accountant we will make it our priority to get to know you and your business, to understand your future goals and help you achieve them.
Accounting challenges arise each year from new legislation or simply changes in general business activity. By getting to know your business we will help you to meet these challenges and to achieve your goals.
The preparation of Annual Accounts represents only a fraction of the tailored services we offer. With a wealth of experience we will provide you with a cost effective package of services covering the preparation of Annual Budgets and Monthly Management Accounts, to Payroll and Credit Control Services.
The biggest barrier that many entrepreneurs face when it comes to starting a business is the seemingly complex legal, financial and fiscal aspects of setting up and running a business.
The smart entrepreneur takes action by preventing these initial hiccups from becoming setbacks by hiring experts in the relevant areas to effectively manage and overcome them.
BM Howarth Chartered Accountants offers a host of services that supports entrepreneurship right from evaluating business plans to effectively implementing them keeping in mind long-term prospects. Given below are some of the many ways in which we can help you launch your business.
Corporation Tax Services
We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments.
We have the expertise and software to take the headache out of the form filling and compliance aspects of Self-Assessment. We can provide you with practical advice on your personal tax position and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Using specialist payroll software we are able to tailor our payroll services to the needs of your business, ensuring that your employees are paid correctly and on time.
Maternity & Paternity
Sending data to providers
Automatically enrolling jobholders
Declaration of compliance
Construction Industry Scheme
Need help with your bookkeeping? We can visit your premises to process your work or set up remote access and online accounting – whichever you prefer. Outsourcing your bookkeeping to us removes the need for you to employ your own accounts staff.
Whether you have been trading for years or have just started a business, it’s essential to maintain good accounting records. That’s where the bookkeeping and VAT return services we offer come in. Experienced bookkeepers can provide frequent and meaningful data that will help you to make informed decisions about your business.
Regular management information is vital to the continued success of any business. We work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
In today's tough financial climate the need for risk-focused Audit and Assurance services has never been greater. Recent high profile regulatory failures have increased awareness across the business community of the need for effective Audit Assurance.
Our experienced Audit Teams can identify potential risk areas, and work with management to assess and implement the recommended improvements.
Making Tax Digital
Making Tax Digital (MTD) is a government initiative that will eventually move virtually all tax/NIC management and payment online. It mandates digital record keeping and automated filing, this will require the use of compliant software.
As of April 2019 VAT registered businesses with a taxable turnover above the VAT threshold will need to keep digital records for VAT purposes.
Other Businesses will not be asked to keep digital records or update HMRC quarterly for other taxes, primarily income tax and corporation tax until April 2020 at the earliest, pending further government announcements.
What are digital records?
Digital records are expected to record business information and specific transactional details. The VAT return information must be generated from these digital records and submitted to HMRC via compatible software.