Stone Accountants

Bookkeeping has long been a key requirement for any successful business. Our bookkeeping team are friendly, approachable and above all professional in the service they offer. Our double entry bookkeeping system records...

• Asset
• Liability
• Income
• Expense
• Capital Accounts

... and this ensures that everything that enters or leaves your business is recorded, so that you can gain an accurate reflection of your performance. With decades of experience, we have found that a business that know's their finance is a business that will likely succeed.

As with all of our services we work closely with our clients to ensure our service meets and exceeds their expectations. Alongside our standard bookkeeping package we can offer invoice collection*, out of hours emergency work or an experienced bookkeeper to visit your place of business, to work in-house. Our innovative Intuit software has allowed us to reduce time and improve functionality. If for you, as with many of our clients, time is of the essence, we now offer a function where you can upload you invoices via a smart-phone app directly to our software. We are consistently at the forefront of our field by investing-in and developing new software to ensure our bookkeeping process is client orientated, efficient and user friendly.

Bookkeeping is at the heart of any accountancy work therefore our team works closely with you, and our accountants, to identify any avenues in which we think we could help improve profitability, communicate information or to offer general advice on how to improve your methods.

With HMRC's new RTI (real time information) demands, running payroll for your staff has become a demanding and strenuous exercise. HMRC now require that before any payment is made to employee's, deductions need to be calculated, made and sent over to them. This means that whether you pay your staff £50 per week or £5,000 per month, you MUST run a payroll scheme and let HMRC know of your calculations.

We understand that for most business owners, this is an unwanted and time-consuming task that they could definitely do without. Our experience and professional staff are here to help.

UK Payroll legislature is constantly developing and we at Stone Accountants like to make sure we're ahead of the game. We run payroll for over 200 employees nationwide, complying with new RTI demands regarding calculations and submissions, whilst keeping you informed of any impending changes.

Whether your staff are salaried, casual, temporary or sub-contracted we can remove all the stresses associated with HMRC payroll. Deducting payments at source for items such as....

• company benefits
• pensions
• childcare vouchers
• maternity/paternity pay
• sick pay

...is just part of what Stone Accountants can offer your business. With packages designed to suit your needs, our expert payroll team work with you to ensure legal compliance and employee satisfaction.

As with the majority of HMRC legislation, VAT thresholds and compliance procedures are constantly evolving. We at Stone Accountants can leave you safe in the knowledge that our highly trained team of staff are equipt to ensure your VAT submission is compliant and as profitable as possible. Working with you, our team ensure VAT is calculated in a correct manner, that puts real emphasis in reducing costs by ensuring our clients reclaim every last penny available to them. Here are just a few items that are often used for business, that people aren't aware they can reclaim VAT on:

• Mileage
• Mobile phone
• Clothing
• Accountancy Fee’s
• Laptop
• Stationery
• Food

Alongside your quarterly VAT submission one of our management accounting team will produce management accounts to re-evaluate your position. The HMRC run different schemes that help small to medium sized businesses and, with our constant analysis, we ensure your business will only ever pay what is absolutely necessary.

VAT compliance has long been an area where HMRC seek to pursue tax avoidance therefore we always advise our clients that if you are unsure, seek professional advice.

New legislation being rolled-out means that employers who don't yet offer a workplace pension, will soon have too. Whether you're a sole trader or a PLC a workplace pension is a must. Between October 2012 - April 2017 your business will be due to roll out this service to its employees.

We work in partnership with NEST, a government backed pension provider, that offers a low-cost and safe workplace pension. We can remove all the hassle of set-up, submission and calculation to ensure you are compliant and that your employee is offered a trusted pension plan. Run in conjunction with our payroll scheme, our workplace pension scheme ensures deductions are made, and submitted, without you or your employee having to worry about a thing.

Anyone who receives income from letting out a property has to make a declaration to HMRC. From helping out a friend to a £1m+ property portfolio, HMRC insist you inform them.

At Stone Accountants we ensure that every situation is analysed individually, by a member of our expert team, to make sure your submission is compliant and completed in the best way for you. We put special emphasis on understanding the legislature surrounding let-properties, such as:

- Landlord and Tenant Act 1985
The latest available version of the act.

- Landlord and Tenant Act 1987
The latest available version of the act.

- Commonhold and Leasehold Reform Act 2002
The latest available version of the CLRA with the option to view the text as originally enacted and the associated explanatory notes.

- The Approval of Code of Management Practice (Residential Management) (Service Charges) (England) Order 2009
Full text of the Statutory Instrument (SI 2009/512) as enacted.

If you have only just learn't about your obligation to declare, there's no need to worry. HMRC is currently running the 'Let Property Campaign' which ensures that any fines imposed are limited to 100% (usually 10%-20%) of the profit made in any given year. We have worked with many clients to bring there accounts up-to-date without receiving the astronomical fines usually imposed by HMRC

We at Stone Accountants applaud entrepreneurship and believe that today’s fledging business's can be tomorrow’s industry titans.

Our Business Start-up Team will walk you through the rigours of starting your business and outline the steps to succeeding in your field. With our wealth of experience and our vast network of advisers, Stone Accountants is here to help. Our network allows you access to industry-leading financial advisers that can facilitate everything from start-up loans to vital business protection cover. We believe that to build strong foundations for your business, there are key procedures that need to be followed. Our team can offer advice or assistance in:

• Setting up a business bank account
• Cash flow forecasts
• Incorporating your company
• Taxation advice & planning
• Payroll & work place pension administration and logistics
• VAT
• Bookkeeping
• Management accounts
• Annual accounts
• Legal requirements

We at Stone Accountants understand that every circumstance is different, therefore we analyse every company, in detail, before engaging in a business partnership. There are many different ways to start your business and we are here to help you find the best one for you….