Accounts & Taxation
Description
Compliance Work
This is a catch-all term to cover work we carry out for clients that is a result of the client needing to comply with legislation. Generally, it covers company accounts and corporation tax returns, personal tax returns, VAT matters and payroll.
Company Accounts and Corporation Tax Returns
Even if it is dormant, every limited company must file accounts with Companies House each year. These accounts are also used to support the company's corporation tax return, which is sent to HMRC along with the annual tax computations.
If you would like to talk to us about preparing your company accounts and corporation tax return, please call us on 01280 815461 or email us at enquiries@bambury.info.
Personal Tax Returns
You must send a personal tax return to HMRC if, in the last tax year, you were: self-employed as a 'sole trader' with gross annual earnings of more than £1,000; and a partner in a business partnership.
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:
- money from renting out a property
- tips and commission
- income from savings, investments and dividends
- foreign income
- child benefit if your total income was over £50,000
If you would like talk to us about preparing your personal tax return, please call us on 01280 815461 or email us at enquiries@bambury.info.
VAT Matters
Since it was introduced in the United Kingdom on 1 April 1973, VAT has become gradually more and more complicated until today it is a complex web of legislation, case decisions, VAT orders, and tribunal decisions. We can help you with:
- registering your business for VAT
- preparing your monthly or quarterly VAT returns
- general queries about VAT and how it applies to your business
If you would like talk to us about preparing your VAT return or you have a general query on VAT, please call us on 01280 815461 or email us at enquiries@bambury.info
Payroll
Operating the payroll for a business is not always easy. Not only do you have to stick to HMRC 's deadlines for filing RTI returns each month, but you also must manage statutory leave such as sick pay and SMP, changes to tax codes, and a workplace pension scheme where your staff have been auto enrolled. Our cloud based payroll bureau handles all aspects of payroll on your behalf, from calculating gross pay to emailing payslips to your staff.
If you would like to talk to us about operating your payroll and workplace pension scheme, please call us on 01280 815461 or email us at enquiries@bambury.info
