Innovative Accountants Ltd

The rate of corporation tax for small firms has recently increased, however, steps can be taken to minimise your company’s tax exposure. We can help by offering up to the minute taxation advice on all aspects of corporate tax strategy; include:

Preparation of the company’s Corporation Tax and Capital Allowances computations based on your annual accounts.
Preparation and submission of the Company's Corporation Tax Return form CT600.
Calculating the company’s Corporation Tax liability for the year and advising you of the due date for payment.

Running a payroll can be time-consuming and complicated and divert resources from the core activities of your business. We can address this by installing payroll software and training your staff. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We can provide the complete service, whatever the size or complexity of your business, or simply provide support when needed.

The ever widening scope of VAT, ever-changing regulations and the increasing demands of HM Revenue & Customs call for a trained professional eye to ensure both that you do not fall foul of the regulations and do not pay more VAT than necessary. We provide an efficient, cost-effective VAT service, which includes:

Preparation of VAT Returns
Assistance with VAT registration
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation

Bookkeeping and accounts are often the neglected departments in any business. However, accurate bookkeeping is the cornerstone of solid financial management information. Pass the boring bits to us and we will maintain your accounting records to the highest standard with the help of our experienced and friendly staff.
But we don't stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:

Cashflow
Profitability
Performance ratios
Customer activity
Credit control
Budget comparisons

We can help. Just bring us your business ideas and we will help you to make them a reality!

Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company;
Prepare a business plan, cashflow projections, budgets, and trading forecasts;
Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals;
Establish a good working relationship with your bank;
Complete any registration procedures with Companies House and HMRC;
Deal with company secretarial issues;
Set up a recording system for your internal use and for complying with statutory requirements;
Decide on what computer hardware to buy and help with the installation of accountancy software;
Keep on top of bookkeeping, VAT, payroll and other accounting requirements; and