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Click for more information:
Specialists
in small and medium sized limited and IT Contractor companies
Fast
bespoke Company incorporations
Self employed and Company accounts preparation
We can prepare accounts from your book-keeping records and produce these
in the format required by the Inland Revenue and Companies House.
Payroll bureau with related advice and support
We are able to deal with all of your payroll requirements including
weekly, fortnightly or monthly calculations with payslips. BACS payment
support is also available. We also have the advantage of being able
to advise on complex PAYE and related matters as we have the support
of the accountancy practice as back up.
Management accounts and business support
We can assist you to know where you are, financially. We can prepare
monthly or quarterly management accounts based on the information you
provide.
We can also help with the preparation of report and claims such as government
SMART awards and grant applications.
Tax planning for individuals and businesses
One of the areas most often overlooked is the planning with a view to
minimising the tax effects on your business. Many businesses will take
an initial decision based on the circumstances at the outset but may
not revisit the tax position until it is too late.
Even things like considering whether to buy a new car through the business
or privately, or the best way to purchase capital items need careful
consideration.
Individuals may wish to consider such planning areas as retirement,
the sale of capital items and, an area that is very relevant in the
current climate of high property prices, minimising the impact of Inheritance
Tax on your dependants after your death.
The Inheritance Tax threshold for 2004/05 is only £263,000 and, if your
estate is valued at more than this, your dependants will have to pay
tax at the rate of 40% on the surplus. If the only asset is the family
home, there could be difficulty in settling the tax without the need
to sell it.
New business start up advice and planning
We deal with many new businesses and company incorporations and therefore
have experience in advising of the best way to set these up. You may
be considering being a sole trader whereas using a limited company may
be more appropriate.
Alternatively, the new rules concerning the payment of Corporation Tax
at higher rates when taking profits as dividends may mean a limited
company may no longer be the best route for you.
Book-keeping services and VAT advice
We can check the accuracy of your book-keeping records on a quarterly
basis and prepare the relevant VAT return.
We can also help advise you on the best method of book-keeping for you
and your business. Remember that the records you keep are not only there
to provide your accountants with the necessary information to prepare
your end of year accounts, they are primarily there to help you make
informed decisions and see where you stand, financially, at all times.
We can assist you in setting up your own in house systems and are happy
to provide training and support in the use of spreadsheets or software-based
packages such as Sage and Quickbooks.
Free initial consultation and fixed fees
We are happy to discuss your requirements either in person or over the
telephone at no cost.
We will also advise you of the fees we will charge at the outset and
agree these with you based on the various services you opt to take up.
The fees will be fixed for a minimum of twelve months.
We recommend the payment of fees by monthly standing order as this enables
our clients to comfortably spread the cost of their services.
For information, or to discuss your requirements:
Telephone
us on 01473 284030
Email
us on info@highfieldstrand.com
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