PRO Accounting Services

Organising the payroll can be a tricky task for a company, whatever its size. It is important to both you and your employees that it is processed correctly, but making sure you are compliant with all the relevant legislation and new tax requirements has now require businesses to submit their payroll returns in Real Time (Under RTI System).

We will administer your payroll service for you, so you can focus on other priorities. We can:

• Calculate your staff salary
• Prepare and submit your payroll returns under RTI
• Organise staff pay slips
• Calculating the correct amount of NI Contributions (Employer & Employees) and PAYE and notifying you the same in timely manner to avoid any missed payment
• Calculating and preparing statutory pay including maternity pay and sick pay
• Administer new work pension scheme

VAT
VAT (value added tax) is charged on most goods and services provided by VAT registered businesses in the UK and most business are required to get registered for VAT (conditions apply). As with any tax system, the details are complex, and there are penalties for noncompliance. Our aim is to make things as straightforward as possible. We can help you with all aspects of VAT management, including:

• VAT Registration
• Preparation & Submission of Quarterly/Monthly VAT Returns
• Unlimited Professional advice on all VAT matters
• Dealing with HMRC in case of any query
• Representing the business in case of a VAT Audit by the Inland Revenue

Management Accounts
The preparation of management accounts are necessary to assist in making business decisions and will be requested by your accountants, auditors, bankers, Inland Revenue and other third parties. We can prepare management reports on a monthly or quarterly basis. These reports are prepared in accordance with your policies and requirements. Our management reports include:

• Profit and loss statements
• Balance sheets
• Annual budget and forecasts
• Variance reports
• Accruals & prepayment schedules
• Intercompany charges & reconciliations (if appropriate)

We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way


Corporation Tax

It is the legal responsibility of the company director to correctly calculate the corporation tax liability and pay the same on time and also file the yearly Corporation tax return on time.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration.

We ensure that you get timely reminder and after getting your timely instructions we work on your corporation tax returns and prepare your final accounts and calculate the corporation tax liability to be paid. After getting your approval we submit the same to tax authorities.

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.

Personal Tax

We offer a comprehensive portfolio of personal tax services designed to help you stay fully compliant while minimising your tax bill.
Our services include:

ü Completion and submission of your Self-Assessment Tax Return
ü Tax efficiency reviews
ü Capital Gains Tax planning
ü Taxation for non-UK domiciled and expatriate individuals