Services for Individuals
Services for Businesses
Accounts and Tax Returns
We offer a full range of accountancy and taxation solutions for all your business requirements.
The Year End compliance for all companies can be an administrative headache, using experts to ensure you adhere to deadlines and statutory obligations can allow you more time to spend time nurturing your business and personal life, whilst feeling safely assured accounts and taxation matters are being looked after.
Using our services helps the company to reduce tax exposure via forward planning, resulting in paying the correct amount of tax, making savings wherever possible.
Year End Compliance
Preparation and submission of Statutory Limited Company Accounts
Calculation and submission Corporation Tax and returns
Pre -Year End and Finalisation Meeting
Preparation of Year End Accounts
Calculation of Self Assessment Tax liability
Preparation and submission of Self Assessment Tax Return
Company Formation and Secretarial
At Victoria J Accounting we can assist with the initial set up of your company and discuss the options of the different forms it could take.
Discussing your vision with us helps us to put in place the foundations of the business.
We can relieve the burden of the initial form filling and ensure the business keeps up with annual compliance responsibilities.
We can help to:
- Decide on the appropriate suitable structure for your business – sole trader, partnership, or limited company
- Review the tax costs involved in the different structures – this is vital in the setup process.
- Prepare a business plan, cashflow projections, budgets, and trading forecasts
- Assess your finance requirements.
- Complete any registration procedures with Companies House and HM Revenue and Customs
- Deal with company secretarial issues
- Appointment of directors
- Appointment of company secretary
- Issue of subscriber shares
- VAT registration and advice on correct scheme to use
- Registration for Corporation Tax
- Set up of Company PAYE scheme
- Book-keeping set-up advice
- Business plans
Bookkeeping, VAT Return Preparation and Support
Many business owners use their valuable time trying to run all aspects of their business, instead of using their time to progress the business.
Victoria J Accounting offers a bookkeeping service to those clients that do not require a full-time bookkeeper but who do need the sort of back office support a bookkeeper provides.
It is important for clients to invest in a good bookkeeper, this enables the client to have figures to hand so they can determine the profitability of the business. We can then budget for future tax bills and ensure that filing deadlines are met.
VAT return preparation and submission runs alongside bookkeeping and is again an area that can be complicated and daunting for many business owners. Using an accountant to prepare or review the VAT return ensures VAT is being correctly declared and accounted for and is also being recovered wherever possible.
We can use clients existing bookkeeping systems or if you prefer our Cloud based bookkeeping packages are also available. This service is provided off site with regular client updates.
- Bookkeeping and software support
- Assistance with VAT registration
- Advice on VAT planning and administration
- Help with or completing VAT returns
Management Accounts and Business Planning
We believe your business deserves to be evaluated regularly, as opposed to reviewing the figures after the year end. This helps to improve performance which in turn achieves fulfilment of personal and business goals.
Taking a step back and some time to plan allows you to focus on the business vision and direction.
Preparing regular management accounts for a company enables decisions to me made for future cost savings and tax planning opportunities.
Having up to date figures regularly to hand is invaluable to a business owner, equipping them with ‘actuals’ to make timely decisions.
Management accounts can be prepared as frequently as monthly or only prepared at a time when the business feels necessary, maybe before a decision on an asset purchase or to plan for a future tax bill.
Payroll and CIS Completion
The Payroll process for many businesses can be an arduous recurring task, often leading to an administrative burden. Victoria J Accounting offers a payroll function to ensure statutory obligations are met and staff payments are calculated on time.
The service includes:
- Weekly/Monthly Calculation and RTI Submissions
- Provision of Payslips and Reports
- Payroll Year end processes
Construction Industry Scheme:
For Businesses who operate in the Construction industry, we can assist with how to make payments under the CIS scheme and offer the facility to prepare and file monthly CIS returns.
Services for Individuals
Self-Assessment Tax Returns and Personal Tax Planning
The idea of dealing with your own tax affairs can be a daunting prospect for the taxpayer.
We can take the stress out of the entire process as tax returns are prepared and submitted to HMRC within the statutory filing deadline and you are informed of any tax payments which are due.
When preparing a tax return, we endeavour to advise you on ways to mitigate your income tax liability where possible and can deal with HMRC on your behalf.
Fixed fee tax returns available.
For individuals that require specialist financial advice, we can liaise with and provide details of independent financial or specialist tax advisers who can assist with the following:
Critical Illness cover
Estate and Inheritance Tax planning