A business needs to ensure that it maintains accurate accounting records. The information processed via the bookkeeping function forms the basis of a business' management/final accounts.
We harness the time saving possibilities provided by the use of modern technology. We therefore insist that our clients use a cloud based bookkeeping software. We normally recommend using Xero, QuickBooks, or FreeAgent.
Accurate bookkeeping = meaningful accounts.
Meaningful accounts will enable you to make sound business decisions.
Statutory accounts are required by law for all Limited companies and LLPs. We will prepare your accounts with high attention to detail to ensure they are accurate. Your accounts will contain an Accountants Report.
Management accounts are a helpful tool for business owners to keep abreast of their business' performance. Typically, management accounts are prepared on a more frequent basis (e.g. monthly or quarterly). We can work with you for any management accounting needs that you may have.
Accounts are required to ensure that your business pays the right amount of tax. Accurate and timely accounts are extremely useful in identifying areas of tax savings for a business.
We can help you navigate the complexities of tax planning. From choosing the right business structure to maximizing deductions, we can help you save money and avoid costly mistakes.
Examples of taxes we can assist with are:
Income tax (personal)
Corporation tax (companies)
Capital gains tax
VAT
Employment taxes
Research & Development tax credits
Inheritance tax
Stamp duty
We cover tax work in a number of specilaist areas. Examples are:
- EIS (Enterprise Investment Scheme)
- SEIS (Seed Enterprise Investment Scheme)
- EMI (Enterprise Management Incentives)
- Capital allowances
- Taxation of Intangible assets
- Entity structuring
- Crypto assets
- ATED (Annual Tax on Enveloped Dwellings) returns
- Non-resident Capital Gains Tax for land and property
- Double taxation treaty implications
- UK tax residence
- HMRC disclosures
- HMRC tax investigations
We are highly experienced with personal tax returns and can help across the spectrum, from simple tax returns to more complex areas like capital gains, share schemes, non-residence, pension savings, foreign income etc.
Our service can extend to helping you with tax planning for a current tax year so that you can optimise your income and capital gains whilst ensuring that you do not pay unnecessary tax. We often do this with High Net Worth Individuals, and owners of limited companies.
HMRC can raise tax investigations in different forms. These range from simple compliance checks to full investigations.
Investigations can arise as a result of other areas such as HMRC nudge letters, making aggresive claims on tax returns, or as a result of inconsistent compliance. For example, inconsistencies between VAT returns and a company's accounts/corporation tax returns could be a red flag for HMRC to investigate.
We are in a unique position where we understand the dynamics of a business' accounts and the various taxes it is subject to. We therefore strive to ensure that any filings we make for our clients are consistent across the board.
When it comes to tackling an HMRC investigation, our technical ability and negotiation skills are key strengths in warding off aggressive HMRC inspectors.
We help our clients with their monthly payroll needs.
Our service extends to completing benefit in kind forms P11D, P11D(b), P46(Car) etc. for our clients and advising them of any resulting tax obligations.
email us at: info@venturetaxconsultants.com