At the TaxCom we seek our clients' satisfaction and trust through offering and providing a wide range of client focussed and proficient services. Our service portfolio has been tailored to address accountancy needs of all business structures.
Book-keeping and Preparing VAT Returns
We provide efficient book-keeping services to ensure that your financial records are held up to dated. We specialise in book-keeping services for all kinds of businesses such as
- Service business
- Manufacturing business
- Limited Companies
- Individuals/ Sole Traders
- Partnerships
You can deliver your accounting records to our office as per your convenience. We can also send staff to your business premises to carry out bookkeeping in your own accounting system/package. Our staff is adept in using wide range of accounting systems/packages. We can advise you on efficient methods of record keeping and storing in order to help you cope with administrative burden. We prepare your VAT return computations timely to enable you to plan in well advance to meet the VAT payment deadlines.
Preparing and Reporting Management Accounts
Management accounts play a pivotal role in your future business decisions and strategies. We can provide professionally compiled monthly, quarterly or annual management accounts to help you made informed and knowledgeable business decisions. We also advise you on the key performance indicators to enable you to focus on key areas of your business. We provide our reports and recommendations in writing for your consideration whenever requisite.
Budgeting & Cash Flow Forecasts
We prepare sophisticated and realistic budgets and cash flows to enable our clients to set their business objectives and financial targets. We also furnish our clients with comparisons of actual results with budgeted/planned outcomes. We also advise on the key problematic areas to enable our clients to improve the future results.
Compiling Accounting Records for Final Accounts
We compile your accounting records for final accounts, management accounts and other reporting purposes. We ensure systemic approach, professional scepticism and professional due care while maintaining and compiling accounting records of our clients. We encourage our clients to make us available all the accounting records so that we could ensure completeness of accounting records on our clients' behalf for the preparation of statutory final accounts.
Managing Payrolls and RTI Submissions (FPS / EPS)
Subsequent to launch of RTI requirements for employers, the efficient payroll management has become more significant and complicated. The possibilities of penalties have escalated. We believe that this stringent requirement should not divert your attention from your business activities therefore we at The TaxCom offer a comprehensive payroll management services including but not limited to:
- RTI (real time information)
- submissions (FPS / EPS)
- Employee payslips
- P60 and P45 for employees
- P11D and P9D benefit and expenses returns
- Payroll monthly reports
- Staff cost analysis
- Employee benefits advice and planning
Company Formations & Registration for Taxes
We offer fast-paced company formation service. We advise our clients on potential advantages and disadvantages of incorporating their business. We explain our clients with detailed calculations if this is beneficial and tax efficient for our clients to incorporate their business. Subsequent to company formation, in addition to electronic copies in email, our client receives
- Three bound copy of Memorandum & Articles
- One printed Certificate of incorporation
Our other services also include but not limited to:
- Change of company name
- Change of registered address
- Change of accounting reference date
- Appointment and termination of directors
We guide all our clients (individuals, partnerships and companies) through the preliminary process of registering for taxes. We ensure our clients' compliance with HMRC's requirements regarding registrations for tax including
- Self employment registration for sole traders
- Self assessment registration for individuals with multiple sources of income
- Corporation tax
- PAYE for employers
- VAT (value added tax)
Tax Planning and Advice
We pledge our utmost commitments to provide the most beneficial and impartial tax advice and planning in all working arrangements of our clients. We provide comparisons of different working arrangements to help clients make an informed decision. We lend our immense support to our clients in compiling tax computations and tax return submissions. Our competencies and expertise are specialized in:
- IR35 guidance and recommendations
- Personal tax assessment and planning
- National insurance contributions (Class 2 and 4) planning & computations
- Capital gain tax
- Property/ rental income tax
- Corporation tax advice & planning
- VAT compliance requirements and planning