We offer a comprehensive package for bookkeeping, annual accounts, and self-assessment tax returns for Sole Traders and Partnerships. Here are the details of our services:

Bookkeeping and Annual Accounts:
We can handle your bookkeeping and prepare your annual accounts using various methods, including source documents, Excel spreadsheets, or computerized accounting software. By maintaining accurate records, we ensure that you have a clear understanding of your business’s performance over the past year.

Self-Assessment Tax Return:
As a Sole Trader or Partnership, it is necessary to file a self-assessment tax return to HMRC each year. This return declares your income and determines the amount of tax due. Failing to submit the tax return on time can lead to penalties and interest from HMRC. Therefore, it is crucial to complete the tax return promptly and make arrangements in advance to meet the deadlines.

Benefits of Using Our Services:

  1. Accuracy: Our professionals ensure that your tax calculations are correct and accurate, providing you with peace of mind.
  2. Reduced Risk of Investigation: Using an accountant decreases the likelihood of being investigated by HMRC since they can identify discrepancies or inaccuracies in the figures submitted.
  3. Time Savings: By entrusting your tax returns to us, you can focus your time and energy on running your childcare business.
  4. Maximizing Deductions: We diligently explore opportunities to reduce your tax liability by identifying any under-declared expenses.

The Process:
When you engage our services for tax return preparation, we go beyond simple form filling. We start by verifying the completeness and accuracy of your accounts, as this information forms the basis of the tax calculation. Once we have prepared the accounts, tax return, and tax calculation, we will send them to you for review and approval before submission.

Cost:
To determine the cost of our services, please contact us with your specific requirements. We will provide you with a proposal that outlines the fees associated with your assignment. For existing clients, we send a new proposal at the start of each new assignment, ensuring transparency regarding our fees.

Additional Services:

  1. Payroll Administration: We offer comprehensive payroll administration services, including customized payslips, PAYE and national insurance administration, pension administration, statutory payment administration, completion of statutory forms, and submission of monthly RTI (Real-Time Information) reports.
  2. Auto Enrolment: We can assist you with setting up a pension scheme, assessing employees for eligibility, automatically enrolling qualifying employees, and making the necessary submissions to the pension provider. We also handle compliance letters to employees, keep the Pensions Regulator informed, and provide guidance on monthly contributions.
  3. Mortgages and Loans: If you require professionally prepared accounts for loan or mortgage purposes, we can provide this service. We can also prepare a letter to the bank and complete an Accountants Certificate, as requested.
  4. Business Start-up: If you are starting a new business as a Sole Trader or Partnership, we can take care of the registration process with HMRC.

Please feel free to contact us for more information or to receive a detailed proposal tailored to your needs.