Thickbroom Chartered Accountants

Our bookkeeping services solve an administrative burden, with our well trained & proactive staff. Offloading this clerical task will allow you to concentrate on your own area of expertise – your business, while having the peace of mind that your returns and liabilities are taken care of. We will also maintain your accounting records to meet HMRC requirements, all at a competitive price and convenience to you.

Our accounting and compliance services include:

Preparation of annual accounts
Preparation of periodic management accounts
Maintaining PAYE and VAT records and associated returns
Preparation for HMRC investigations
PAYE and national insurance compliance
Self Assessment advice

We love to nurture new businesses & help them grow. Whether you are starting from scratch, or adding a new element to your existing set up, we can give you the support and tools you need to succeed. Getting your structure and compliance right at the start will give you the wings to take off in the future.

We will take you through the daunting early stages, guiding you through the red-tape and reassuring you as you begin to trade. Our experienced team can evaluate your business ideas and help you:

Decide on the most suitable structure for your business – sole trader, partnership, limited company or limited liability partnership
Prepare a professional business plan, budgets & cashflow projections
Evaluate your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
Assist you in obtaining a bank account and help you develop a good relationship with your business manager
Register your new limited company or limited liability partnership where applicable
Keep you on top of your legal obligations

The Companies Act places strict obligations on companies to keep their statutory records up to date, and file documents to update the public record in a timely manner.

We can provide you with peace of mind, with our statutory compliance department, who will provide company secretarial services, which include:

Advising of Director responsibilities
Preparation and filing of statutory returns
Preparation of minutes and resolutions
Updating share transactions
Company formation
Company searches
Maintaining the register of People with Significant Control

A thorough understanding of Corporation, VAT & PAYE rules and their implications, gives us the power to ensure your tax burden is working efficiently and therefore improve your cashflow.

Make the most of tax opportunities specific to your industry
Use strategic structuring of your business operations to minimise liabilities and maximise allowances
Plan effectively on whether any trading losses should be carried back or forwards
Arrange payment plans in principal with HMRC
Meeting the laborious demands of compliance of Corporate taxes
Planning the best timing for capital investments
Reducing tax on disposals and maximising relief on acquisitions

The financial processes of running a business can be time consuming and can get in the way of making the most of your expertise.

Don’t let the accounting function draw your focus away from your business. We can run your entire accounting function from our office, whilst keeping you informed of financial issues with management accounts, meetings and expert support.

Take a look at our client testimonials to see how clients who have used this service have seen their business flourish.

Our head office outsourcing solution offers:

Streamlining processes
Expert accounting support
An MTD compliant accounting function run on either SAGE, QuickBooks, Xero or FreeAgent
Regular management meetings
Management accounts and forecasts

Staying on top of the constant demands of running a payroll can be a time consuming task, and also an expensive one if not done correctly. Auto-enrolment and Real Time Information Reporting can take over the simple plan to pay your staff.

We can relieve that burden with our comprehensive payroll service, which includes:

Customised paper or paperless payslips
Administration of PAYE, NI, SSP, SMP etc
Completion of weekly/monthly statutory forms to submit to HM Revenue & Customs under the Real Time Information regime
Auto-Enrolment administration and maintenance of the workplace pension scheme
CIS returns
Summaries and analyses of staff costs
Administration of incentive schemes, bonuses & termination payments

Some of our clients like to get more involved in the day to day admin of their business. If that’s you, then we can offer some excellent training on a range of software including:

SAGE
QuickBooks
FreeAgent
Xero
We can take you as far as you need or want, including:

Setting up Bank Feeds
Reconciling a bank
Creating invoice templates
Producing invoices
Preparing & submitting your VAT return

Personal tax planning is an area of tax that is always changing. We have a large core of personal tax clients which we assist with self assessment and advise on inheritance tax planning.

Our knowledgeable team can help you with the following services:

Advice in simple language on minimising tax liability for all personal taxes including:
Income tax
Capital gains tax (CGT)
Inheritance tax (IHT)
Completion and filing of relevant returns
Advice on what payments are due and when

Retirement strategies have evolved significantly over the last few decades, trying to combat the longer wait for that elusive state pension you’ve spent so long paying into. However with careful & timely planning you can make the most of the options available when it is time to sit back and relax.

We can assist with the following:

Devising an exit strategy
Tax-efficient disposals
Management buy-outs
Pension provision

We offer a wide ranging self assessment service. Completing self assessments can be complex, and mistakes or oversights can be costly.

Our staff are always up to date with the ever changing tax legislation, knowledgeable about the reliefs available to different circumstances.

Let us save you time, stress & money by preparing your returns for you. From the very first steps of registering you for self assessment, through to calculations, form completion & submission. It doesn’t stop there; we keep you informed of your liabilities and due dates for payment, as well as keeping you aware of upcoming changes that will effect you, so you can plan ahead.