We are a boutique Accountancy & Taxation firm established in North London for more than 10 years.
The directors /owners of the business believe in the ethos of providing a bespoke service to independent business owners with an aim of assisting & providing the client with a comprehensive book keeping, accountancy and taxation services.
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What kind of accounting services do you provide?
1 Book-Keeping, Payroll, VAT Returns, Accounting and Taxation Services for Sole Traders, Partnerships and Ltd Co's
2 Personal Taxation Services (including self assessment)
3 VAT Compliance & Consultancy Services
4 Trusts and Estate Planning Services
Can you provide your services online or remotely? If so, please add details.
We can provide online and / or remote services via our online accounting packages. We also provide a Drop Box facility where clients are able to drop and store their documents.
Book Keeping
We provide digital bookkeeping solutions using QuickBooks and Xero. All the client needs to do is to send us the paperwork via email, via dropbox or via post.
We will then record all of the business’s transactions.
Where required we can quarterly management accounts which assists in managing your finances and gives you an insight as to how the business is operating and where you trade as a limited company, we can plan for dividends that may be allowed.
VAT Returns
We can assist in:
-Setting up of VAT Registration
-Review various VAT schemes the business is eligible for and establish which scheme is more beneficial
-Some VAT schemes leads to reduction in book keeping responsibilities and may also lead to VAT savings
-We will prepare the VAT return, either from your own
book keeping records or we can take care of your record keeping and the VAT return.
-Whilst we ensure that you remain compliant at all times we also try to ensure that you claim as much VAT as possible, particularly where there is mixed expenditure use.
-We can act as your Agent for VAT purposes and therefore correspond with HM Revenue & Customs (HMRC) on your behalf.
- All VAT returns are filed via MTD software which allows us to file your VAT returns online with HMRC.
Year End Accounts & Tax Returns
We prepare and provide Year End Accounts for:
-Sole Traders
-Partnerships
-Limited Companies
We also prepare and provide Tax Returns for the above in the form of:
-Self Assessment Returns
-Partnership Tax Returns
-Corporation Tax Returns
Trusts and Estate Planning
Simkap Limited works with partners who are specialists in legal, estate and life planning
We provide this service to assist independent business owners and their families with succession planning and also advise on matters such as:
-Preparation of Simple to Complex Wills
-Inheritance Tax Planning
-Lasting Power of Attorney (LPA)
-Trusts
VAT Compliance and Consultancy Services
-VAT reviews and ‘health checks’
-VAT deduction advice and partial exemption method reviews
-Advice on property development, disposals and acquisitions, and construction projects, including the construction services domestic reverse charge
Guidance on the deduction and adjustment of VAT on capital goods
-Contract reviews and checking VAT clauses
-HMRC dispute resolution, including appeals to the Tax Tribunal
-General VAT compliance and VAT return assistance
-Advice on the record keeping requirements under Making Tax Digital
Film Production Accounting
We assist in the preparation and provision of:
-Interim and Annual Film Production Accounts
-Regular Management Accounts for Film Investors
-Documentation in order to apply for Film Tax Credits
