Topmost Accountancy Services
Houghton Regis
(2)
Houghton Regis
(2)
Topmost Accountancy Services is a firm of chartered accountants that specialises in the provision of insightful tax planning, accountancy services and business advice for individuals, self-employed professionals, as well as small to medium size enterprises.
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2 customer reviews
Dave Morrison
Excellent services so far from Seth, helping me arrange my tax and VAT arrangements quickly and more painlessly than I had expected. Fast and responsive, attentive and there when I need them. More...
Dee Douglas
The service provided was over and above what I would have expected. The attention to detail, speed and professionalism provided to my firm and my clients was outstanding. I was extremely pleased with the outcome and the manner adopted by Topmost Accountancy Services throughout. More...
What kind of accounting services do you provide?
I provide the following services
• Company formation
• Bookkeeping
• Management accounts preparation
• Vat returns
• Payroll administration
• Construction Industry Scheme (CIS) returns
• Service charge accounts preparation
• Tax planning and advice
• Tax returns preparation (Individuals and Corporations)
• Sole trader/Partnership accounts preparation
• Limited Company accounts preparation
• Limited Liability Partnership accounts preparation
• Virtual Finance director
Why is it so important for businesses to hire a great accountant?
It is important to hire a great accountant because, the business owner will get advice that will help the business to grow. Examples of some of the advice are as follows:
• Set up advice: when setting up a business you need to decide the legal structure of business. Should you operate as a sole trader, Partnership, Limited company or Limited liability partnership. Each of these legal structures has tax implications as well as pros and cons. A great accountant will assist you to decide on the legal structure that best suit your circumstances
• Advice on how to finance your business: Basically, there are two ways of externally financing a business. These are Equity and Debt. There are various types of equity and debt finance with its associated tax implications, benefits and risks. A great accountant will assist any business to choose the finance options that suits their operation
• Advice on internal accounting controls to ensure integrity and reliability of business accounting records. This will facilitate financial decisions to grow your business
• Invariably, any action a business takes has tax implications. By actively involving a great accountant in your business will ensure you are not tax disadvantaged due to actions embarked upon
• A great accountant will also help maximise your net worth by using tax legislation to structure your personal and business affairs and to ensure the right amount of tax is paid
• A great accountant can also use financial ratios to assess the financial health of your business and advice you accordingly
• In the nutshell, a great accountant will assist you to ensure you and your business are compliant with legal requirements within the industry you operate and help you grow your business and maximise your net worth
What do you love most about your job?
My ability to utilise my expertise to support my clients in the area of finance, accounting and taxation, thereby giving them more valuable time to focus on what they do best.
What inspired you to start your own business?
As an accountant I have come to realised the foundation upon which an accountant can advise his or her clients to a greater extent depends on the reliability and integrity of accounting and business records. More often than not most small businesses do not keep proper accounting records and therefore there is little or no opportunity at all to structure their personal and business affairs to take advantage of tax legislations to maximise their net worth. I was inspired by this problem to set up my business to address this fundamental problem which will give me opportunity to help my clients maximise their net worth.
Why should our clients choose you?
They should choose me because, I have the experience and professional knowledge to help them with their businesses in terms of business advice, accountancy and taxation. Above all I provide high level of customer service and my customer ratings are very high
Can you provide your services online or remotely? If so, please add details.
I have invested in the state of art technology that will enable me to communicate with my clients digitally. Also, clients can seamlessly submit their working papers to me in real time
Bookkeeping
Making the right financial decisions for your business depend on the accuracy and reliability of your accounting records. We have the expertise and the competence to ensure your accounting records are accurate, reliable and up to date.
Management Accounts
We ensure you have reliable, accurate, and up to date financial information to make the right financial decisions for your business.
Our management accounts services include delivering vital information on KPI (key performance indicators) that impact on your business at timely interval
End of Year Accounts Preparation
We can prepare your annual accounts from your accounting records in line with relevant Financial Reporting Standards (FRS) as well as Generally Accepted Accounting Practice. This includes:
• Sole trader and partnership accounts;
• Limited Liability Partnership (LPP) accounts;
• Limited Company Accounts;
• Charity and Not for profit organisations account; and
• Service charge accounts
Tax planning
As you may be aware, planning is very important in every sphere of life. To pay the minimum tax required by law and maximise your net worth entails good tax planning. Our tax professionals will work with you to ensure your personal and business tax affairs are well structured achieve this aim
Self Assessment Tax Return
If you are required to file a self assessment tax return, it absolutely crucial to ensure your tax return is correct in order to avoid paying harsh penalties, and interest on underpaid tax. Our professionals have the training, knowledge and the expertise to review your tax affairs and advice you accordingly.
Corporation Tax Return
Limited companies are required to file corporation tax returns to HMRC for each accounting period. There are a lot of reliefs that can be claimed to reduce your tax bill. We do not only ensure all available reliefs are claimed but also ensure your corporation tax return is correct
Vat Return
A business must register for VAT, if its taxable turnover reaches a certain threshold, currently £85,000. However, even if a business taxable turnover is less than £85,000 it can voluntarily register for VAT to enjoy some benefits. Vat registered businesses must file their vat return usually every three months. There are various VAT schemes available to VAT registered businesses. We can advise which scheme is best suitable for businesses to reduce their vat liability, simply the process of preparing their VAT return and improve their cash flow
Payroll Services
We offer a complete confidential and cost-effective payroll services tailored specifically to clients’ needs. Our payroll services include
• Administration of PAYE, NI, SSP, SMP
• Auto enrolment
• Registration of PAYE scheme for employers
• Preparation of statutory forms including year-end returns
• Production of employees’ payslips, P45s, P60s and reports for each pay period
• Liaising with HMRC on your behalf
• RTI Returns
