Nobody likes dealing with historical accounts, especially when they are prepared 9 months after the year-end and are so out of date by then they are useless as a management tool for decision-making. So they’re viewed as a cost. 

Unfortunately they are unavoidable. They have to be produced to enable you to report income to the tax authorities. And if your accounts are either wrong or late both HM Revenue and Customs and Companies House impose penalties. 

So we might as well do the job properly and turn what is normally seen as a necessary evil into what financial statements should be – the core management tool for every business. A management tool which reports the current health of your business and aids decision making so you build a great business. We use a real time information system, which means we can help you with important business advice throughout the year.

Same case for tax returns. There are strict deadlines for registering for self assessment, different filing deadlines depending upon whether you file a paper tax return or online, and two key dates for paying tax.

In addition to the main tax return you need to complete supplementary pages for many other types of income including: employment, self-employment, partnership income, UK property income, foreign income or gains, and capital gains. And not only do you need to complete the return correctly, you have to self-assess. That means calculating your tax liability. And that’s difficult. Get it wrong and you will have to pay a penalty. And interest. You’ll get a penalty of £100 if your tax return is up to 3 months late; you’ll have to pay more if it’s later, or if you pay your tax bill late. So rather than spending hours figuring out which pages to complete, what to put in the boxes, how to calculate any tax due and meeting the filing deadlines, our tax planning service takes that hassle away. 

Don’t waste time or worry about getting things wrong, we’ll do it all for you.