Taxwise Accountancy

Invoice Production
Posting of all transactions to a suitable accounts package
Purchase Ledger Management including purchase analysis and payments
Management of stock levels to run the business efficiently
Planning your dividends where applicable
Regular and specific business advice to take advantage of efficiencies
Ensuring information is ready and accurate for filing of statutory returns and accounts

Running your own payroll can be both time consuming and complicated and it can divert resources from the core activities of your business. With the introduction of RTI (Real Time Information) employers must report details of amounts paid to employees and the corresponding deductions, on every pay run as opposed to at the end of the financial year.

Taxwise Accountancy offers a comprehensive and confidential payroll service regardless of the size or complexity of your business at a fixed cost. We use our years of experience to ensure that the Payroll function is run correctly, on time, every time.

Assistance with VAT registration
Proactive advice on use of the most tax efficient VAT scheme for your business
Advice on VAT planning and administration to minimise your liability and take advantage of any opportunities
VAT control and reconciliation
Preparation and filing of VAT Returns online
International VAT advice for companies that are trading in the EU or exporting outside the EU
Customs issues aimed at assisting your business with importing and exporting goods
Guidance for charities and other not-for-profit organisations
Information about partial exemption conditions and impact
Day to day advice on transactional matters as they arise
VAT planning for large one off transactions such as sale or purchase of land or property
Negotiating with HMRC in disputes and representing you at VAT tribunals
Planning to minimise future problems with HMRC

Using your bookkeeping records to prepare your annual accounts
Reconciliation of all control accounts and advise of any anomalies
Applying the relevant accounting standards and statutory requirements to your accounts
Completion of Accounts to agreed timescales and statutory deadlines
Producing financial statements, tax computations and tax returns to file with HMRC.
Producing full and abbreviated accounts for filing at Companies House where required
Assisting in applications for raising finance or mortgages
Identifying how we can minimise your tax liability
Review of your accounts so that you understand how to manage your company’s future finances and cash flow.
Advice on managing stock levels, customer balances owed and supplier balances due
Providing advice on methods of strengthening your controls and record keeping procedures