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First Base Accountants

Our Accountancy Practice

The Services We Offer

Accounting Software
Simple is good, Simple and effective is better

 

If you need advice on the right accounts or payroll software for you, then we can offer the help you are looking for. We can also offer training in the use of some of the leading packages.

 

In addition, being a fully computerised practice we have a great understanding of many I.T. areas, and knowing our clients the way we do, we are in an excellent position to help them.

 

We can often help or point you in the right direction with…
  • Accounts software;
  • Online accounts packages;
  • Payroll software;
  • Contact management software;
  • Advising on the necessary hardware;
  • E-mail and internet set up;
  • Management reporting solutions;
  • Use of various office software packages.

 

For more information about choosing the right accounting software for your business click on the button below to request a call back.

 

Request a call back

Accounts preparation
Do you need accurate accounts provided on time?
 
We can…
  • Prepare accounts to help in the completion of self-assessment tax returns;
  • Produce financial statements to file at Companies House and abridged accounts to ensure the minimum amount of your financial information is made public.
  • Accounts are prepared to agreed timescales and deadlines.
 
We can also do more than just report the history of what’s already happened…
  • Identify areas where we can assist in minimising your tax liability;
  • Identify areas of the business that give you the most opportunity to make improvements;
  • Use the accounts to help you measure where you are in meeting your goals and what actions you need to take.

 

 

We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.

 

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Auto Enrolment
Auto Enrolment and Workplace Pensions

 

Auto Enrolment is a government scheme put in place to encourage people to save for their retirement through a workplace scheme. All employers need to enrole eligible employees into a pension scheme.

 
What if I already operate a pension scheme?

If you already conduct a pension scheme for your employees, you need to make sure it complies with the auto-enrolment programme.

 

Small businesses can use a standard scheme. However, larger companies with more employees will need to speak with a pension provider to negotiate a deal to make their scheme compatible.

 

Auto-enrolment is a grey area, but we can help to determine whether it applies to your business or not.

 

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Audits
The main reasons why you will be required by law to have a statutory audit are…
  • You are a PLC or a banking, insurance or finance company (or a subsidiary of one of these);
  • You are required by your professional or trade organisation to have your accounts audited;
  • Your shareholders do not agree to opting out of the audit.
 
 
For accounting periods starting on or after 1 January 2016

Audit thresholds are aligned with the new qualification as a small company, meaning companies (including LLP’s) are exempt from having a statutory audit if they meet 2 of the 3 following conditions…

  • Turnover below £10.2 million
  • Balance sheet total below £5.1 million
  • Less than 50 employees
 
 
For accounting periods starting before 1 January 2016 and ending on or after 1 October 2012

A small company, meaning companies (including LLP’s) are exempt from having a statutory audit if they meet 2 of the 3 following conditions…

  • Turnover below £6.5million
  • Balance sheet total below £3.26 million
  • Less than 50 employees

 

Most subsidiary companies are also exempt from audit where their parent company guarantees their liabilities.

 
 
For accounting periods ending on or before 30 September 2012

An audit is required where your turnover exceeds £6.5million or your gross assets exceed £3.26 million or the company is part of a group that exceeds those limits.

 

We can advise you if you need an audit and if not, you can save on accountancy fees!

 

However, we aim to deliver hassle-free audits and there are good reasons for having an audit even if you are not required by law to have one…

    • An audit involves a detailed review of the company’s accounting systems and systems of control and also requires a detailed understanding of the company’s business. Such a review and knowledge can provide increased opportunities to provide proactive business advice on many matters;
    • An unqualified audit report can improve the status of the accounts in the eyes of banks and commercial lenders, the Taxman and suppliers who may be seeking credit references, etc;A history of accounts with clean audit reports can also be a factor if you ever wish to sell the company or, perhaps, take it to the market;
    • The possibility of fraud can be reduced and an audit can act as a deterrent to any potential fraudster.

 

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Bank Accounts
We can…
  • Advise you on the best banks for your needs;
  • Use our established relationships with the local banks to introduce you and assist in opening an account;
  • Prepare business plans and assist with raising finance.

     

 

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Bookkeeping
Let us take it off your hands…
    • Drop off your invoices, bank statements, etc;
    • We do all the processing;
    • We can then easily prepare for you…
    • Management Accounts;
    • VAT Returns;
    • Key Performance Indicators;
    • End of Year Accounts;
    • Estimated Tax Liabilities as you go along so there’s no end of year surprises;
    • You pick up the records (neatly filed and organised!) and all the information we’ve agreed to provide you with.

 

It also makes it easy for us to handle any VAT inspections.

 
Let us review your bookkeeping system to advise on…
  • The right book-keeping system for your business;
  • If the information being produced is accurate and reliable;
  • How you can spend less time keeping your books;
  • VAT errors – before the Vatman finds them!
  • Specific training needed for book-keeping staff;
  • How you could produce more relevant management information that is useful to manage your business.

 

 

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Business Growth
Business growth services include…
  • Setting goals and an action plan to get you where you want to be – see strategic planning;
  • Removing the blocks that are stopping you from getting where you want to be;
  • Bench-marking against other businesses in your industry – do you know how you compare to the best and the average in your industry;
  • Getting the systems in place to allow your business to grow;
  • Performance monitoring including use of key performance indicators;
  • Marketing strategy;
  • Unique selling point development;
  • Customer service systems to help WOW your customers;
  • Pricing strategy – have you tested what your optimum selling price is?
  • Lead generation systems;
  • Sales conversion systems;
  • Reselling systems;
  • Raising finance to allow you to invest in growth;
  • Improving the potential of your team members;
  • Measuring and testing everything so that you can continually improve.

 

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Business Healthcheck
Our Business Healthcheck service is designed to identify the health of your business to produce a list of recommended areas where there is an opportunity for improvement.

 

The healthcheck can help with…
  • Producing a valuation of your business;
  • Reviewing the management information systems and reports used;
  • Goal setting and how you measure where you are against those goals;
  • Identifying the blocks that are stopping you from getting where you want to be;
  • Bench-marking against other businesses in your industry – do you know how you compare to the best and the average in your industry;
  • Helping you with working ON your business as opposed to IN it;
  • Development of key performance indicators;
  • Review of marketing strategy, USP’s, customer service levels to assist with business growth
  • Pricing strategy review;
  • Review of systems to identify cash flow needs;
  • Review of systems to develop the potential of your team;
  • Review of disaster recovery planning – death, loss of key personnel, fire, computer failure, etc.

 

 

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Business Planning
Business plans are also regularly needed to support finance applications, especially bank lending.
 
We can assist with all aspects of the business plan including…
  • Business strategy and goal setting;
  • Budgets;
  • Cash flow forecasts;
  • Profit forecasts;
  • All written elements of the plan such as business background, marketing plan, SWOT analysis, markets, competition and all of the other key elements that need presenting in the most suitable way to lenders.

 

 

After you’ve produced the plan, you need to monitor how you are doing against the plan and we can help you with this.

 

 

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Business Support Sessions
Our business support sessions are a planned series of sessions to support you in developing your business.

 

We listen to your issues and provide constructive feedback and ideas. They can be monthly, quarterly or six monthly.

 
They are ideal for…
  • Business owners that have little other support. Employees come to you with their problems but who do you go to?
  • Those needing a fresh pair of eyes to suggest new ideas – most great ideas come from those outside of the immediate business!
  • Helping you focus on working ON your business, not IN the business;
  • Anyone who needs to set time aside to focus on key business issues.
 
The sessions can be used to cover any or all of the following…
  • Review of management accounts and information;
  • Business strategy;
  • Comparison of where you are in relation to goals;
  • Business growth and marketing ideas;
  • Employee issues;
  • Cost saving strategies;
  • Tax saving ideas and queries.
 

An agreed action plan is formulated from each session that we produce for review of progress at the next business support session.

 

 

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Business Valuations
Valuations can be required for…

 

  • Monitoring how the business is performing against goals;
  • Taxation and negotiating with the tax authorities;
  • Business sales and purchases;
  • Business mergers;
  • Divorce proceedings and matrimonial disputes;
  • Raising finance;
  • Company buy back of shares;
  • Tax planning;
  • Financial reporting requirements;
  • Shareholder/partner disputes;
  • Pension and exit planning.

 

We can provide business valuation services for unincorporated entities and shares in unquoted companies based in the UK including assistance with dispute resolution and litigation.

 

 

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Construction Industry Scheme (CIS)
Under the rules of the Construction Industry Scheme ( CIS ), contractors can deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC).

 

So, if you are self-employed and work in the building or construction trade, then you should pay tax under the Construction Industry Scheme (CIS).

 

Not everyone who works in the construction industry is self-employed. So if you work in the construction industry, you should consider your employment status in the same way as everyone else.

 

As you can see, bringing clarity to the rules can be a complex matter.

 

We can help you:
  • Decide if you need to register as a contractor for CIS?
  • Explain how much tax is deducted under the CIS
  • Offer advice about exmptions under CIS
  • Advise about refunds on tax deducted under CIS
  • Explain how to offset CIS Tax against Corporation Tax?

 

If you are unsure and need a helping hand…

 

 

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Company Formation
There’s more to consider than just buying a cheap readymade company on the internet!
 
We can assist you with company formations for…
  • An off the shelf ready made company;
  • A tailor made company;
  • Limited Liability Partnership;
  • PLC formation;

 

For urgent requests we can also arrange same day formations.

 

To check the availability of a Limited Company name, you can use the Companies House Information Service. Type in the name you want, select the option for “Company Name Availability Search” and see if it comes up in the list.

 

 

Our Company formation packages can include…
  • Advice on the pros and cons of incorporation in your own situation;
  • Appointment of directors;
  • Appointment of company secretary;
  • Issue of subscriber shares;
  • Registered office services;
  • Completion of all necessary minutes and resolutions;
  • Assistance in opening a bank account;
  • Tax review with regard to company formation – forming the company yourself and getting this wrong can be very costly!
  • VAT registration;
  • Company registration for Corporation Tax;
  • Set up of Company PAYE scheme;
  • Book-keeping set-up advice;
  • Business plans;
  • Assistance with raising finance.

     

     

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Company Secretarial
We can help you fulfill this role and offer the following services…

 

  • Registered office facilities;
  • Maintenance of statutory registers;
  • Submission of statutory documents;
  • Giving notice of General Meetings;
  • Drafting agendas for company meetings;
  • Preparing Minutes of Meetings;
  • Completion of share transfer forms;
  • Preparation of share certificates;
  • Carrying out company searches;
  • Filing of Confirmation Statement;
  • Acting as Company Secretary;
  • General Company Law advice;
  • Advice on the protection of minority interests.

     

     

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Contractors and IR35
Please contact us if you would like a free consultation to discuss the tax advantages of contracting in more detail and the different possible scenarios.
 
We offer all-inclusive services for contractors including…
  • Company formation;
  • Annual Accounts;
  • Company tax returns;
  • Personal Tax Returns;
  • Company secretarial service;
  • Book-keeping;
  • VAT Returns;
  • PAYE Returns;
  • Tax computations;
  • Review of contracts for IR35 status;
  • Provision of anti IR35 draft contracts;
  • Dealing with IR35 disputes.
 
IR35

There are many factors to consider in deciding if a contractor is caught by the notorious IR35 legislation.

 
Fundamental factors to consider:
  • Control;
  • The right to get a substitute or helper to do the job;
  • Mutuality of obligations.
 
Other factors to consider:
  • Provision of equipment;
  • Financial Risk;
  • Basis of Payment;
  • Opportunity to profit from sound management;
  • Part and parcel of the organisation;
  • Right of dismissal;
  • Employee benefits;
  • Intention of the parties;
  • Length of engagement.

 

These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of Case Law in this area and the Taxman is not always right. They do not have the final say on whether somebody is caught by IR35 or not. We can argue your case for you.

 

The cost of employees and employers national insurance if you get it wrong are considerable as well as interest and penalties.

 

We can review your existing arrangements and give you our opinion on whether it will stand up to attack from the Revenue. We can help draft contracts for services to assist you and advise on how you can maximise your chances.

 

 

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Corporate Finance
Corporate Finance is a complex area that requires careful consideration.
 
We offer services that can help you to…
  • Raising infrastructure finance;
  • Financing and structuring;
  • Raising seed, start-up, development or expansion capital
  • Navigate the lending market;

 

Request a call back to arrange a free and informal meeting to find out how we can help you and your business.

 

 

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Employee Remuneration Planning
Good remuneration packages are important in attracting and keeping the right quality staff.
 
We offer comprehensive advice on all employment tax issues including…
  • Tax efficient remuneration strategies;
  • Planning for retirement;
  • Termination payments;
  • Inducement payments;
  • Company car and van strategies;
  • Benefits planning;
  • Expenses dispensations.

     

     

    Request a call back

Employment Status
The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but this is not the case.

 

Although there is no clear-cut answer as to how you decide if you are self-employed or not, the following should be on your checklist

 
Fundamental factors to consider:
  • Control;
  • The right to get a substitute or helper to do the job;
  • Mutuality of obligations.
 
Other factors to consider:
  • Provision of equipment;
  • Financial Risk;
  • Basis of Payment
  • Opportunity to profit from sound management;
  • Part and parcel of the organisation;
  • Right of dismissal;
  • Employee benefits;
  • Intention of the parties;
  • Length of engagement.

 

These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of Case Law in this area and HMRC are not always right. HMRC do not have the final say on whether somebody is self-employed or not. We can argue your case and take it before the Tax Commissioners for you.

 

The cost if you get it wrong is enormous. Not only is there the question of employees and employers national insurance, being classified as an employee also gives rise to all sorts of employment rights such as holiday pay, maternity pay, unfair dismissal etc. The decision has to be made by the employer and if you get it wrong it is going to be very hard to recover the back tax, interest, penalties etc from the worker.

 

We can review your existing arrangements and give you our opinion on whether it will stand up to attack from the Taxman. We can help advise on contracts for services to assist you and advise on how you can maximise your chances.

 

 

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Financial Planning
we should always have one eye on the future.
 
One of our independent financial advisors can assist with all of the following…
  • Pensions;
  • Life assurance;
  • Investments;
  • Critical illness;
  • Income protection;
  • Mortgages;
  • Elder care;
  • Private medical;
  • School fees planning.

 

If you would like us to supply you with details of an independent financial advisor, please contact us. We can also attend any meetings you may arrange.

 

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Inheritance Tax
Tailored wealth succession planning enables a smooth transition to the next generation as well as minimising tax liabilities.
 
We can advise…
  • Individuals whose estate planning is close to the nil rate band or many times larger;
  • Techniques to mitigate inheritance tax on family homes, family businesses and investment portfolios;
  • On both lifetime transfers and wills.

 

However, estate planning is not solely about tax and we adopt a common sense approach, helping you to ensure your own financial needs are met and to avoid “giving away too much too soon”.

 

 

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Making Tax Digital
Making Tax Digital – MTD – is here

You may not be aware of this government initiative to digitise the reporting of Tax but digital reporting and digital tax accounts is a reality. 

By the summer of 2022 most VAT-registered businesses will be reporting returns digitally.

Self-employed individuals and landlords with gross annual business or property income above £10,000, will need to follow the rules for MTD for Income Tax from 6 April 2026. The rules will be extended to general partnerships the following year.

The Government is also running a pilot scheme where a limited number of businesses can use the online service for Making Tax Digital for Income Tax.

See: https://www.gov.uk/guidance/sign-up-your-business-for-making-tax-digital-for-income-tax

It is expected corporation tax will not become digital until at least 2026.

If you would like more information or assistance with Making Tax Digital, then please arrange a call back.

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Management Accounts and Information
Up to date, relevant and quickly produced management information allows you to make the right decisions.
 
Our management accounts and information services include…
  • Monthly or quarterly management accounts;
  • Reporting of key performance indicators that are the underlying drivers that run your business;
  • Help with in house systems for you to produce your own information;
  • Training on how to get the most out of your information;
  • Supplying management information to lenders;
  • Branch/Divisional results;
  • Actual performance compared to budget and/or comparative periods;
  • Costing information, including break-even turnover levels.

     

     

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Management Systems
Our consultancy services can include a review of your management information systems, particularly in relation to your financial systems and controls that will enable you to take full control of your business.
 
This can include…
  • Cash controls;
  • Debtor control;
  • Stock control;
  • Purchasing systems;
  • Cost controls;
  • Budgeting;
  • Financial reporting systems.

 

Reliable management information allows you to react quickly to changing business needs.

 

 

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Payroll and PAYE
This is when you found out what red tape was all about.
 

Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated and has to be done on time and you as the employer are responsible for the mistakes.

 

We run payrolls on time and can provide a tailor-made service for your business including…
  • Employee payslips;
  • Monthly summaries;
  • Departmental reports;
  • Dealing with leavers and starters;
  • Provision of analysis of staff costs;
  • Real Time Information (RTI) PAYE returns for the Revenue;
  • Assistance with automated payment set-up to your employees;
  • CIS returns completed by us.
 
And at year end…
  • Employee summary P60s;
  • P11D and P9D benefit and expenses returns.
 
And the related tax planning advice…

Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues including…

  • Tax efficient remuneration strategies;
  • Planning for retirement;
  • Termination payments;
  • Inducement payments;
  • Company car and van strategies;
  • Benefits planning.
 

You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!

 

 

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PAYE Healthcheck
Our PAYE Healthcheck service is designed to find any PAYE issues before the Taxman does!

 

Why not call us prior to any visit? The healthcheck can…
  • Review and sample check your payroll records for errors;
  • Sample test the most common errors that the PAYE inspectors look for;
  • Statistically analyse your completed PAYE returns
  • Sample check the completion of PAYE returns;
  • Compare your PAYE returns against your annual accounts;
  • Sample check leavers and starters to make sure they are correctly dealt with;
  • Review statutory maternity pay, statutory sick pay, student loan deductions and working tax credits;
  • Identify any workers where status issues may be a concern;
  • Check completion of end of year returns;
  • Review benefit in kind and expenses disclosures and calculations;
  • Check expenses dispensations;
  • Identify any PAYE planning opportunities.

 

We can also provide a similar service in respect of a CIS healthcheck for the construction industry.

 

 

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Personal Tax
Personal tax services are available both for business owners and private individuals including…
  • All aspects of Self Assessment;
  • Dealing with Tax Returns;
  • Tax enquiries;
  • Computation of liabilities;
  • Tax disputes;
  • Correspondence with HMRC;
  • Inheritance tax planning;
  • Tax Investigation Fees Protection;
  • Trusts.

     

 

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Property Tax
Property tax is a bit of maze and we can advise you on issues such as…
 
Tax reduction strategies for rental income:
  • What is a repair and tax deductible and what is capital and not;
  • When to use a Limited Company to save tax;
  • Trading income versus Capital Gain considerations and advice;
  • Capital Gains rollover and holdover considerations;
  • Stamp duty planning;
  • Tax efficient mortgage structures;
  • VAT considerations of property deals;
  • Making the most of the Principal Private Residence election;
  • Tax issues on the sale of part of your residence;
  • Second homes;
  • Inheritance Tax angles.

     

     

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Raising Finance
Through our close working relationships with our finance partners, we can assist and advise about the right type of finance for you and your business.

 

We can offer advice on…
  • Bank loans and overdrafts;
  • Hire purchase;
  • Personal loans;
  • Sales invoice factoring and discounting;
  • Leasing and contract hire;
  • Venture capital;
  • Private investment sources.

     

 

 

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Strategic Planning
Our strategic planning service helps you…
  • Agree on long-strategic goals both personally and for the business;
  • Identify where you are now;
  • Work ON the business so that you can spend less time working IN it;
  • Indentify the blocks in the strategy;
  • Agree an operational strategy to overcome the blocks and meet those goals;
  • Develop business growth systems;
  • Grow a great team of people;
  • Monitor your results against those goals;
  • Manage the money in your business;
  • Develop an exit strategy.

 

The result is an agreed ACTION PLAN.

 

 

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Tax Disputes
It’s an unfortunate fact of business life that from time to time there will be disagreement between the taxpayer and HMRC.
 

Sometimes it is the facts of the case that are in question but it is also often the legislation itself that is in question. Tax isn’t always black and white and where this is the case we are happy to argue your case in the strongest possible terms.

 

As a taxpayer you have many rights and we will ensure they are never forgotten by HMRC.

 
Disputes can arise in all sorts of areas outside of full enquiries and investigations including…
  • Employment status disputes;
  • Repairs v capital disputes;
  • Private usage adjustments;
  • Capital allowances – is it plant or property?
  • Settlements legislation – the classic husband and wife company scenario;
  • IR35;
  • Valuations for tax purposes;
  • Is it a trading activity?
  • VAT segregation of businesses to avoid registration;
  • Employee benefit disputes.

 

We have the specialist tax knowledge to assist with a wide range of tax disputes.

 

 

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Tax Enquiries and Investigations
It is an unfortunate fact of business life that you may well come under enquiry by HMRC through no fault of your own or of your accountant.

 

HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence it is possible to get trampled all over.

 

If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that Taxman keeps to their own internal guidelines and don’t over step the mark. We will talk you through the enquiry process and what to expect and support you throughout.

 
The Penalties

There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimise these penalties.

 
Anti-investigation Scanning Checks

Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them. Every Tax Return or set of accounts we submit to the Taxman goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.

 

 

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Tax Investigation Fee Protection
HMRC has powers to investigate income tax and corporation tax payers at RANDOM.

With the ever increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved is often substantial.

 
You can get cover for the following…
  • Self-assessment enquiries;
  • VAT enquiries;
  • PAYE and benefits enquiries;
  • IR35 enquiries.

 

Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.

 

 

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Tax Planning
Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them and advising you of your tax position and liabilities.

 

We try to do more than just this and are interested in maximising your tax planning opportunities.

 

We all have to pay our taxes but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.

 
We can help with tax planning in relation to…
  • Personal taxes;
  • Business taxes;
  • Tax efficient employee remuneration strategies;
  • VAT planning;
  • Inheritance Tax strategies;
  • Capital Gains;
  • Profit extraction strategies;
  • Exit strategies;
  • Employment status;
  • IR35 advice

     

     

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Tax Returns and Self Assessment
Tax Returns can be completed for…
  • Individuals and sole traders;
  • Partnerships;
  • Limited Companies.
 
The self-assessment regime is full of penalties and HMRC enquiry powers are extensive. It’s important that…
  • Returns are correctly completed;
  • They are filed on time;

 

All backup records are retained for the appropriate period of time.

 

 

As well as the completion of your return we can assist with…
  • Advice on your tax liabilities;
  • Negotiating with the Collector if necessary;
  • Identifying suitable tax planning opportunities;
  • Completing all the necessary tax computations;

 

Dealing with all correspondence from HMRC, taking the worry away from you.

 

 

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Trusts
Trusts can be used as part of a wealth protection strategy to protect assets as well as tax planning vehicles, particularly as part of inheritance tax planning.

 

  • Discretionary trusts;
  • Accumulation and maintenance trusts for children;
  • Interest in possession trusts.

 

We can deal with all trust accounting and tax matters on your behalf.

 

 

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VAT Healthcheck
Are you concerned about a VAT inspection?
 
The healthcheck can:
  • Review and sample check your accounting records for errors;
  • Sample test the most common errors that the VAT inspectors look for;
  • Statistically analyse your completed VAT returns;
  • Sample check the completion of VAT returns;
  • Compare your VAT returns against your annual accounts;
  • Check the VAT treatment of your sales;

 

If you are not sure where you stand with VAT, then assistance is at hand!

 

 

Request a call back

VAT Returns
Compliance with VAT is complex.

 

Investigations by the VATman can be intense – all the more important that your VAT returns are completed correctly.

 
There are three methods we can use to assist in the completion of VAT returns…
  • Let us do your book-keeping and we complete the return from there;
  • Give us your books and we’ll complete the return for you;
  • Provide training on how to complete your return.

 

We complete VAT returns in good time to ensure you avoid any penalties.

 

 

In addition, we can assist with…
  • Applying for VAT registration;
  • Advice on the VAT schemes suitable to your business;
  • VAT planning;
  • Dealing with any disputes that arise with Customs;
  • Attendance at VAT inspections.

 

Let us know how we can help you!

 

 

Request a call back

VAT Registration
What do you do if you are not sure if you need to register for VAT?
 
Get in contact and we can help with VAT registration we can assist with…
  • Advising if you need to or if it would be beneficial to register;
  • Completion of the VAT registration forms and formalities;
  • Advising on the best VAT schemes to use suitable to your business – some you have to notify HMRC you are using and some you don’t.
 
In addition, we can assist with…
  • Completion of VAT Returns or training on how to complete them;
  • VAT planning;
  • Dealing with any contentious disputes that arise with Customs;
  • Attendance at VAT inspections.

 

See how we can help you today…

 

 

Request a call back

VAT- Returns Registration and Disputes
Compliance with VAT is becoming ever more complex.

 

Investigations from the VATman can be intense – all the more important that you have an accountant who is successful in negotiations with them.

 

We take best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.

 
We can help you with VAT in the following ways…
  • Applying for and advice on VAT registration;
  • Advice on the VAT schemes suitable to your business;
  • Completion of VAT returns – either from your books or we can do the bookkeeping for you. By letting us complete your VAT return it ensures that it will be accurate and that you don’t miss any opportunities to claim the VAT you should;
  • Dealing with VAT control visits;
  • Dealing with any contentious disputes that arise with Customs.

 

If you are still unsure, then the easiest way we can help you is for your to…

 

 

Request a call back

First Base Accountants
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