Accounting Gem Ltd

As a new business looking for a quality accountant in London who is interested in your company’s success, look no further than Accounting Gem.

We provide you with essential knowledge and advice to get your company off the ground smoothly and cost-effectively.

Our team will assist with everything, from taking account of future taxation arrangements through to looking at the benefits of limited liability.

You have full peace of mind, knowing that we will take care of it all, including incorporation and registration, accounting requirements, taxation, financial planning, preparation of business plans, cash flow forecasting and business advice.

We can sort out the paperwork, make calculations, complete the online forms, and meet Hmrc’s deadline for online filing.

We take away all the stress and burden of having to worry about your tax return at all.

We are a firm of expert accountants, we have saved our clients hundreds of pounds in HMRC penalties they could have otherwise incurred for filing late or inaccurately.

We will complete your return to HMRC on your behalf

We guarantee to complete and submit your return accurately, lawfully and on time every time

You’ll receive continuous help and support from us

We’ll advise you of your tax liability or tax refund

We will be able to advise you on ways you can save on tax and maximise your take home pay.

We can prepare your accounts from whatever bookkeeping records you have . You may be using a software, spreadsheets, hand written records or even a bag of receipts. We can do accounts based on any form of records you have. We will also advise you on how to improve your bookkeeping method in future. After looking into your bookkeeping records, we advise you on how to maximise your expenses and allowances that you can claim legally and how to minimise the tax liability. You will find that once we have asked us to deal with your accounts you will free very relieved of a stressful and time consuming job.

Our team of professional accountants help you minimise your corporation tax liability. The process includes:

Finding the most tax efficient structure for your business
Full usage of tax opportunities and reliefs
Optimising revenue expenses and capital allowances.
Reducing tax on disposals and maximising relief on acquisitions
Taking advantage of the tax opportunities specific to your business sector
Meeting the compliance requirements for corporation tax self-assessment
Communicating with Hmrc on your behalf

We at Accounting Gem Ltd can prepare your VAT returns for you. We can use your bookkeeping records or we can take care of your record keeping and the VAT returns. We check your income and expenses carefully to make sure you pay minimum possible VAT or claim maximum possible refund.

We save your time by communicating with HMRC on your behalf. VAT needs more time and concentration as any potential errors can result in paying more tax and sometimes penalties as well. There can be other problems as well like late registration, late filing and late payments, all of these can result in penalties and potential interest charge as well.

If you let us take care of your VAT compliance and filing requirements, this will give you peace of mind and will make sure that you are not going to waste your money on extra tax, penalties and interest.

Our payroll service will relieve your burden and responsibility of running payroll. We make sure you get payslips in time and your business complies with the filing and regulatory requirements.

Our comprehensive service includes.

Monthly or weekly payslips
Payroll calculations like national insurance, pension contributions, statutory sick pay, statutory maternity pay, etc.
Dealing with filings including year-end returns, to issue to your employees and filing with HMRC
Analyses of staff costs if required
Administration of pension schemes
We work with you to assess your payroll requirements and then design a system tailored to your requirements. We can create a bespoke payslip adopted for your business. Our services create a system that relieve you of all of the complicated taxes calculation, managing the time schedules and meeting the filing deadlines.

From our experience we can tell that many clients who run their payroll make unintentional mistakes in calculations, tax codes, rates, perks and taxes. We make sure our work is done and reviewed in a systematic way and is therefore error free.

We will provide you with all documents required to be provided to your employees like P45s, P60s and P11Ds. There will be no hassle or stress of managing leavers and new employees, we make sure all system works smoothly and the paperwork is ready in time.

There are new regulatory requirements the pension regulator has introduced recently. At Accounting Gem Ltd - we check the requirements as applicable to you as an employer, then we set up the pension scheme for you and complete the declaration of compliance.