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I Sumar & Co

Maidenhead, Royal Borough of Windsor and Maidenhead, Berkshire

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Get a free quote from this professional

About

We are passionate about providing a high-quality professional accounting service to businesses and individuals. We pride ourselves on our commitment and responsiveness to our clients and we believe that through professionalism and dedication, we can exceed our client’s expectations in every aspect of business and finance both efficiently and cost effectively.

3 hires on Bark

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Reviews (3)

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5/5

3 customer reviews

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11 November 2018

All aspects of their service is spot on. I have used their services for a number of years now and have not had a single reason to complain. Good,reliable and extremely professional company. More...

Reviewed on Facebook

10 November 2018

So much helpful and friendly

Reviewed on Facebook

Verified
19 June 2017

Accounting

He was professional and the price quoted for the job he is covering was reasonable.
We liked his tag line which said - " If you grow we grow"

Q&As

Business Startup
Company Secretarial
Bookkeeping
Payroll
VAT
Management Accounts
Accountancy - Annual Accounts
Audit
Personal Taxation - Self Assessment Return
Corporate Taxation - Business Tax Return
Tax Planning

Today’s business environment is fast moving, complex, and highly competitive. Business owners need the support of professionals who provide on-time, effective solutions to help their business move forward. We aim to provide such a service.

We are fully computerised in all aspects of our operations, and our team comprises professionally trained staff, both qualified and part-qualified, all of whom are fully conversant with the wide of range of accounting, tax and administrative software that we operate.

Although accounting, auditing and tax services are the mainstays of our practice, we provide many other related services. We offer business planning, consulting and retirement strategies as well insolvency and tax investigation advice and a range of added value services. Our friendly and experienced partners and staff are ready to assist whenever needed, allowing our clients to have a true sense of comfort when dealing with our firm.

If you are looking for a team of reliable, approachable, and proactive accountants who will do more than just respond to your needs but work alongside you to help you succeed you have come to the right place.

You are welcome to make full use of the free online services on this site. You will find hundreds of pages of up-to-date information and advice to help you with your business development, personal finances, and tax planning. We update these pages regularly, so come back often.

As you will see, the comprehensive search facility and specialised business links give you access to thousands of business resources, so why not bookmark this page and use it as your gateway to business on the Web.

ACCOUNTING FOR YOUR BUSINESS”

UK Accountancy Practice, based in Royal Berkshire

I Sumar & Co is a progressive, client-focused and committed accountancy practice providing personalised services to business owners and individuals alike across the UK and Overseas.

To provide businesses, entrepreneurs and individuals with the highest quality accounting, auditing, tax planning and business advisory services delivered in a timely, efficient and innovative manner by a professional team that clearly enjoys working together to exceed their clients’ needs.

Selecting an accounting firm is a very important decision and our goal is to make this decision as easy for you.

Our philosophy is to provide a high-value service by:

Providing the best possible service levels
Aiming to continually exceed our clients’ expectations
Making the time to really listen to the needs of our clients
Suggesting ideas to improve profits and help their business grow
Providing professional expertise in order to proactively identify opportunities and provide solutions.
Being crucial part of your business
Never surprise you with bills you are not expecting
This is achieved by:

Maintaining a portfolio of high-quality clients
Employing individuals with real expertise and an enthusiasm for business
Investing in training and I.T.
Getting involved in our clients’ businesses

Some of the reviews from our clients. If you wish to read more please go to http://www.isumarco.com/testimonials/

“I Sumar & Co was a perfect fit. Their accounting platform has helped to consolidate our records to the point that I do not know how I was able to manage without it. I highly recommend I Sumar & Co to anyone looking to grow their business.” Stuart Rea

“We brought Imran on board following a recommendation from a friend and could not be happier. Imran and his team have been instrumental in resolving a number of ongoing issues with regard to our accounting processes and comes with a wealth of knowledge on how to successfully manage a growing business. Since starting with Imran, our processes are now more streamlined; our accounting is up to date; our suppliers are being managed more positively and I am finally confident that my business is working within the framework set out by Inland Revenue”. Sylvia Nicolosi

“I Sumar & Co have always provided me with great services. Always on hand to help me with any queries and to help me run my business. I have, and will continue to recommend his services to everyone!”. Lewis Badham

Services

In the early stages of the business life cycle where the entrepreneur moves from the idea stage to securing financing, laying down the base structure of the business, and initiating operations or trading.

This is where we can help you by:

Selecting a right incorporation to suit your needs so you can focus on making the best of your ideas.
Registering your business with HMRC
Company secretarial duties
Selecting a right accounting software
Prepare a business plan, cashflow projections, budgets and trading projections
Establish good relationship with your bank, insurers, clients, suppliers, etc
Management accounts

Company secretaries are responsible for ensuring that you company complies with financial standards of corporate governance. They act as a point of communication between the company and shareholders, reporting in a timely and accurate manner on company procedures and growth.

We can provide you with peace of mind and free your time by carrying these duties for you and make sure these duties are carried out on time.

Company formation
Annual returns and annual accounts are filed on time
Communication with your suppliers
Maintenance of statutory records
General advice on company law

This is a crucial part of any business organisation which allows businesses to collect information on a timely and an accurate basis. This enables the firm to prepare financial information to provide reliable and accurate information of the business performance to the management in order to simplify up-to-date decision making.

Depending on your requirement we can do this at your offices or at ours.

We would work with you to understand the business and tailor our approach to your requirements so your business gets exactly what is required. We would provide interpretation of the information to help you understand your business more closely and compliant.

We can also provide you with management accounts on the monthly or quarterly basis. We will give you access to the system to see the progress of your company and download any reports required.

PAYE is the system of income tax that requires employers to deduct income tax and National Insurance Contributions from employees. The Pay As You Earn (PAYE) system requires employers to remit the deducted amount to HMRC.

We can help you manage payroll on weekly or monthly basis and help you with compliance with the HMRC requirements. Our staff are well trained and would handle all the matters such as:

Starters (P60s, P45s) and leavers (P45s)
Update tax codes for your employees
Electronic Payslips (this can be sent directly to you or to each staff)
RTI Submission to HMRC
Advice you on PAYE liability and methods of payment and deadlines
Record maintenance for Holidays and Sickness for each employee

Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. 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 and administration
Use of the most appropriate scheme
VAT control and reconciliation
Help with completing VAT returns
Planning to minimise future problems with HMRC

Management accounting combines accounting, finance and management with the leading advantage systems needed to drive successful businesses.

Regular management information is vital to the continued success of any business. We will work closely with you to get to know your business so we can make suggestions to help improve profits and grow your business.

We will prepare management accounts monthly or quarterly based on your requirements to ensure you always have reliable and accurate information to understand the position of your business.

A period that a company uses for accounting purposes and preparing financial statements. Every incorporated business has to submit year accounts to company’s house and HMRC. We will liaise with you every step of the way to keep all of the records up to date so nothing is left for the last minute.

We provide accountancy for soletraders, partnership and limited companies.

We will help you by:

Analysing company records
Bank reconciliations
PAYE, VAT, Debtors, Creditors & Cash control account
IXBRL accounts production
Companies House and HMRC submissions

An audit is the inspection of the financial report of the business – as presented in the annual report – by someone independent of that business. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.

The purpose of an audit is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the business at a given date such as:

Details of what is owned and what the business owes are properly recorded in the balance sheet
The business profits or losses properly assessed
We will help you by:

Checking of the financial reports.
We follow auditing standards which are set by a government body.
Once the audit work completed your business will get an audit report, explaining what has been done and an opinion drawn up for the audit work
We can offer this service through one of our accredited partners and we will discuss this with you beforehand.

Today, more and more emphasis is being put on taxpayers’ individual responsibilities and everyone who is subject to taxation needs advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our team can provide you with year-round advice on all aspects of personal taxation.

We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner.

We will also calculate your company’s tax liability and assist with the calculation of any quarterly instalment payments.

The increased reporting obligations to the tax authorities and harsher penalties for non-compliance means that your time and resources can be taken up with tax administration.

We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Reasonable analysis of a financial situation or plan from a tax perspective, to align financial goals with tax efficiency planning. The purpose of tax planning is to discover how to accomplish all of the other elements of a financial plan in the most tax-efficient manner possible. Tax planning thus allows the other elements of a financial plan to interact more effectively by reducing tax liability.

We can offer you personal tax planning advice from one of our Tax Partners

Determining the most tax effective structure for you and your business
Taking full advantage of tax opportunities and reliefs
Achieving the optimum capital or revenue tax treatment
Reducing tax on disposals and maximising relief on acquisitions
Making the most of tax opportunities specific to your industry
Meeting the severe demands of compliance including corporation tax and self-assessment
Acting on your behalf in discussions with the tax authorities
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.

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