Your accountant should be your greatest ally, at the front line with you in the fight for success and your first line of defence against the onslaught of legislation. They should be someone that you can always feel comfortable to call and ask advice, knowing that they are on your side and want you to succeed. It's amazing how often people don't have that type of relationship.They see their accountant as being the person they see once a year who gives them a tax bill and fee invoice. Someone who starts the clock running if they dare to phone and who shows no interest in their business and the challenges it faces.
Services
Every trading entity has a legal requirement to keep adequate financial records whether for filing at Companies House or tax purposes and accounts preparation is our core business. We can prepare accurate, compliant financial statements from either your own accounting systems or the source paperwork.
The term 'self assessment' is proving to be one of the greatest misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received 100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later! With penalties of 10 per day for returns over 3 months late up to a maximum of 900, in addition to the 100 this is an expensive problem.
Processing your payroll can be both time consuming and an administrative burden, diverting your energy and resources from the profitable core activities of your business. The task is made all the more difficult by the growing complexity of taxation and employment legislation and the regime of penalties for non-compliance which seem to be ever expanding.
Reviews (1)
Jeremy Emmett
May 23, 2020
