Accounts 2U Ltd

Most businesses are started because of a good business proposition. The entrepreneur has the technical skills and the commitment to make a success of the business, but usually relies upon others to navigate the legal and financial minefield and to utilise the tax legislation to minimise its impact.

There are many bookkeeping packages on the market at present which make basic record keeping pretty straight forward. Producing regular, meaningful financial information is crucial to the proper management of any business. Often the preparation of management accounts is seen as the only objective, when the interpretation of this information and the trend it reveals is the real benefit.

We will prepare your annual accounts to comply with all the relevant statutory requirements as well as current accounting standards. Some of our clients leave the entire job to us, others choose to handle it themselves. We are primarily concerned to ensure that you are aware of your trading results in good time to consider tax planning opportunities.

As accountants it is our job to ensure your tax bill is kept as low as possible and all the tax deductible expenses are claimed. We are able to offer an in depth coverage of all UK tax matters from planning to tax enquiries and representing our clients' interest in front of tax and VAT tribunals. Our strengths lie in applying our detailed knowledge of your affairs at a senior level to minimise your tax exposure while balancing this with a proper commercial judgement.If you are a basic rate tax payer, class 4 National Insurance is charged at 9% on unincorporated business profits, as well as the 20% basic rate of income tax, but there is no National Insurance charge or further income tax charge on dividends.