Emerald Accountants Limited

Bookkeeping:

We can relieve you & your business of a significant burden by taking care of all your bookkeeping needs. No two clients’ needs are the same & we tailor our approach to your specific requirements.

We can help you with all your general bookkeeping needs, either at your offices or at our office. You may require help to write up books, perform bookkeeping on your accounting software or need us to add the finishing touches to information on bookkeeping systems in order to create your own management information. If you do not employ a bookkeeper then we can take up the role for you or help you recruit the right person for your business.

Besides the core bookkeeping, we can also maintain your VAT records & take on ad hoc projects to free up valuable time for you & your staff.

We believe that our high level of IT literacy delivers efficiency & helps our clients to set-up their accounting systems to be effective and useful.

We are business partners & professionally accredited with some of the leading marketplace leaders in online accounting cloud based solutions, so you can be sure you’re in the right hands.

We can:

• Complete your books & records on a regular basis at our premises or yours
• Prepare & file your VAT Returns
• Prepare monthly &/or quarterly Management Accounts tailored to your individual requirements
• Provide assistance with the installation & training of your staff on leading accounting software systems

VAT:

Ever changing regulations & the growing demands of HM Revenue & Customs mean VAT compliance can be a difficult administrative process & we can help to ensure that you comply with the regulations.

To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

• Assistance with VAT registration
• Advice on VAT planning & administration
• Use of the most appropriate VAT scheme
• VAT control & reconciliation
• Help with completing & submission of VAT returns
• Planning to minimise future problems with HM Revenue & Customs

We will help you to:

• Decide on the most suitable structure for your business whether that be a Sole Trader, Partnership, Limited Liability Partnership or Limited Company
• Incorporation of a new Limited Company, or Limited Liability Partnership
• Registering your business with HM Revenue & Customs
• Registering your business for VAT with HM Revenue & Customs
• Set up the PAYE registration with HM Revenue & Customs & advise on payroll routines
• Prepare a business plan, cashflow projections, budgets & trading forecasts

Most people starting up in business do so because they have a good business idea & both the enterprise & commitment to see it through.

However, they may not be experts in the legal & financial aspects of running a business & such matters can often appear daunting. Fortunately you do not need to be an expert in these fields to succeed in business but you may need the support to bring these plans to life & we can help.

• Assess the finance requirements & advise on the best sources of finance, together with drawing up the necessary proposals
• Establish a good working relationship with your bank
• Deal with all associated company secretarial duties to comply with statutory requirements
• Decide on what computer hardware/software to buy & help with the installation of accountancy software (desktop or cloud based)
• Keep on top of bookkeeping, VAT, payroll & other accounting requirements, together with all aspects of business compliance and administration

Our promise at Emerald Accountants is to provide a network of professional resources to our clients, delivering expertise and exceptional customer service with that added personal touch. We aim to be your business “partners”, working with you to ensure the best possible chance of success.

Areas where we can assist you include:

• Business start-ups
• Business planning & forecasts
• Strategies for developing your business
• Cashflow forecasting & management reporting
• Long-term plans for your business & your exit
• Raising finance
• Liaising with banks & other financial institutions
• Financial management
• Financial information systems
• Computer systems advice
• Efficient billing of your customers and cash collection
• Website design
• Advertising strategies & Marketing material
• Office supplies
…and much more.

While most Owner-Managed Companies & Limited Liability Partnership’s realise that maintaining statutory records is a legal requirement, they often lack the resources necessary for compliance in this increasingly complex area. Most of our clients who trade on this basis also ask us to look after their company secretarial requirements.

Our Company Secretarial services include:

• Incorporation of companies
• Care & maintenance of statutory records
• Annual returns preparation & filing
• Preparation of board minutes & resolutions
• Drafting resolutions & submission to the Registrar of Companies
• Changes of company name & address
• Changes to share capital, including share transfers
• Appointment & removal of associated company officers
• Redemption of shares & purchase of own shares
• The updating & drafting of special provisions in the Memorandum & Articles of Association
• Dissolutions of companies
• Restorations of companies
• Company search facilities
• Registered Office facility

Setting up your own accounts department can be expensive & time consuming, but monitoring & controlling financial performance is of significant importance. The availability & facility to regular management information is vital to the continued success of any business & this is where we come in.

We can prepare management accounts on a timetable & at a cost tailored to your specific requirements. Monthly or quarterly management accounts are prepared to ensure you always have reliable & the most accurate information on which to base your business decisions.

Management accounts help clients to make fundamental commercial decisions on issues such as funding, risk minimisation & performance improvement. In addition, a direct financial benefit of this process can be the timely identification of VAT errors, Customer & Supplier payment discrepancies’, together with pre-year-end tax planning opportunities.

We also take this service that one step further by interpreting these figures for you & making suggestions to help you improve your profits &/or to help your business growth.

By outsourcing your payroll to Emerald Accountants you can free up your valuable time to concentrate on the important business of running your company. We have nearly 15 years’ extensive payroll experience, and service many of our clients.

We provide a comprehensive yet flexible in-house payroll service tailored to each of our client’s specific needs. As your personal payroll bureau service, we become an integral part of your business by moulding your payroll to suit the needs of you & your staff, so you can dedicate your time to your core business efforts.

Our flexible service includes:

• No set up costs & no hidden fees
• A bespoke service to you. We are not a ‘key-punch’ service & we strive to provide an extremely accurate payroll facility, which means we pay great attention to every detail & work closely with you to achieve that
• Becoming your PAYE agent with HM Revenue & Customs for PAYE services & PAYE online services allowing us to deal with HM Revenue & Customs on your behalf
• An extensive selection of Payroll Reports which can be arranged in different orders, departmentalised for cost centre analysis & formats that can be printed or emailed
• ePayslips & eP60s. Both you & your employees can have their own login details to a secure page on our website that’s unique to that individual. This will allow you to access your payslips & P60s, together with any other related payroll information 24/7, wherever you may be

Both you & your employees will receive a personalised email each time a new addition is made to your unique & secure online facility. Client confidentiality & security is an area we take extremely seriously & you can be rest assured that only required individuals get access to the information that’s relevant to them.

Business Taxation:

Whether you are trading as a Sole Trader, Partnership, Limited Liability Partnership or Limited Company, knowing how much tax you have to pay, & when you have to pay is vital to how your business runs. It is just as vital to have advisors who you can trust to make sure that you are not paying more tax than you should be.

In the ever changing world of tax legislation, we help to ensure that you are paying the right amount of tax, while also taking advantage of tax reliefs & relevant allowances that are available to both you & your business.

We can offer peace of mind that you are & continue to comply with your tax obligations, which helps in freeing up time for you to devote to either your business &/or personal pursuits.

Looking after the tax affairs of our clients’ businesses is fundamental to the service we provide & we have years of experience behind us.

We can help with a wide range of business tax matters including:

• Preparation of Corporation Tax computations & associated returns
• Self-Employed / Sole Trader Tax compliance
• Partnership Tax compliance
• Limited Liability Partnerships (LLP’s) compliance
• Partnership tax planning
• Planning for incorporation of Sole Trader’s & Partnerships
• Profit extraction planning
• Benefit in Kind advice & calculations

Personal Taxation:

Personal tax is essential to the overall service we provide to individuals &/or our business clients.  We aim to do two things & that’s to relieve you of the paperwork & headache of filling in your self-assessment tax return, & more importantly to advise on planning your tax affairs so you can take advantage of all the tax planning opportunities available to you.

We can complete tax returns, calculate any tax liabilities owed by you or tax repayments due back to you (if applicable), together with advise on exactly how & when to make payments & importantly how much to pay.

Our services includes:

• Personal Tax advice & planning
• Personal Tax returns, Self-Assessment & related compliance services
• Remuneration planning
• Capital Gains Tax advice & computations
• Domicile & residency filings