Accountancy Services from Clarkson Accountancy

Accounts

Every business, large or small, limited company, sole trader, LLP or partnership must produce annual accounts for the tax authorities. It is very important you understand these accounts as they are an important management tool.

Clarkson Accountancy will prepare your figures accurately and promptly each year and will take a proactive approach in helping you understand the figures in your accounts to make them more effective in decision-making.

Our staff are very experienced in the use of most accounting packages including Sage, QuickBooks, Quicken, TAS Books etc. We will provide expert guidance throughout the year to help you improve the quality of your records ensuring that the software is used to its full potential.

Our service is tailored to the individual client's requirements but in providing a comprehensive and quality service, we constantly review our client's affairs to give both valuable commercial and tax-based advice.

VAT

Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HM Revenue & Customs call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! We provide an efficient cost effective VAT service, which includes:

Assistance with VAT registration
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation
Help with completing VAT returns
Planning to minimise future problems with HM Revenue & Customs
Negotiating with HM Revenue & Customs in disputes and representing you at VAT tribunals

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Online VAT returns

From April 2010 all companies who are VAT registered will be required to fill in their VAT returns on-line and pay the VAT electronically. We can provide a service to do this for you or give help and advice to allow you to complete these online VAT returns. We can also pay the VAT electronically for you.

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Corporation tax

It is a requirement that every business prepares tax computations based on their annual accounts which must be filed with the tax authorities when tax returns are submitted.

By including tax relief for all relevant expenses and capital expenditure these computations can reduce your business' corporation tax liability. They also ensure that your business pays the correct amount of tax by excluding any spending which is disallowed by the tax regulations.

There are a variety of additional tax returns which businesses must complete and file with the HM Revenue & Customs each year in connection with PAYE, National Insurance and VAT.

Heavy fines and penalties can be imposed if your returns are not accurately prepared or filed on time.

With HM Revenue & Customs' ever increasing revenue targets, it is a fact that businesses are now more likely than ever to face an enquiry. Please ask us about our 'Tax Compliance Service' for peace of mind in the event of your business being subjected to the high costs associated with a tax enquiry.

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Management Accounts

To get the most out of your business you need a clear understanding of the numbers it generates.

In addition to your annual accounts preparation Clarkson Accountancy can provide you with management accounts, tailored to your needs, either quarterly or monthly.

Management accounts are a crucial tool which allows you to monitor the financial performance of your business and provide a useful means of planning and decision making.

We will help you establish computerised or manual information systems to produce accurate timely data efficiently.

We can also assist in the preparation of cash flow forecasts, business plans and other decision making aids.

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Self Assessment

Self Assessment applies to everyone who gets a tax return. This includes everyone who is self-employed or a partner in a business.

If you are in business, you must send in a tax return each year showing details of your income, gains, reliefs and allowances.

Clarkson Accountancy can assist you in both preparing and submitting your self assessment return to meet HM Revenue & Customs critical submission dates and thus avoid interest charges, late payment surcharges and penalties.

We offer a range of fixed price fees for tax return processing depending on your circumstances and requirements. We can also provide a home visit service to collect paperwork for tax return completion.

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Construction Industry Scheme

The Construction Industry Scheme (CIS) is a set of special rules for handling payments for construction work that contractors make to subcontractors. The scheme covers all 'construction operations' - construction work - carried out in the UK, as well as some other related work.

If your business is involved with construction operations then it might operate as a contractor or as a subcontractor - or as both. The terms construction operations, contractor and subcontractor have special meanings under CIS and they're defined in the rules of the scheme. We can either help you understand this scheme or take over the administration of the scheme on your behalf.

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Bookkeeping Systems

If you are a small company and need help to keep on top of your accounting process then we can set up a bookkeeping system for you. This system can range from a computerised accounting system down to writing up a manual cashbook, depending on your ability and requirements. This will allow you to keep on top of your company finances meaning it will take less time and cost you less to prepare your year end accounts.

We also provide a bespoke bookkeeping service. This would be completely tailored to your needs, providing as much or as little support as required. This could include collection and return of records, providing an on-site service using your own bookkeeping package or just a monthly visit to 'tidy up' and review the figures.

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Payroll

At Clarkson Accountancy we provide a quality payroll services to businesses across Derbyshire, Staffordshire, the East Midlands and beyond. If you are looking for a highly accredited payroll provider who can deliver at a sensible price look no further.

We take responsibility for the practical day-to-day running of your payroll, and can add value by delivering accurate cost management information. Clarkson Accountancy guarantees that controls and procedures will be performed to a professional, compliant, and high quality standard, with timely production of payslips and reports. We can handle everything: basic pay, overtime, bonuses, statutory payments and deductions.

Whether you pay your staff weekly, two-weekly, four-weekly or monthly, by BACS, cheque, or cash, we can help. Send us the wages to be paid by fax, email, text or even over the phone. If someone is promoted or leaves, simply tell us and we will take care of the rest. We also provide regular payroll management reports that show at a glance where every penny is going and also detailed payslips. At the tax year-end we complete all the necessary forms such as P35, P14, P60 and P38(s).

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