leading provider of accountancy and business advisory services
Accounts
At stonebridge accountants, we take pride in our internal control structure and we offer expert support when you’re preparing year end accounts. Our expert support ranges from aiding Sole Traders, Partnerships, Limited Liability Partnerships (LLP) and Limited Companies. we begin by discussing your specific requirements and setting up the appropriate accounting procedures to allow for these requirements to be met in compliance with the regulations set out by HMRC. we will determine the most suitable legal structure for the business and then draw up an effective business plan or look over existing business plans and this will contain suitable finance strategys. The business must be registered under HM Revenue & Customs as Each business has the statuary obligation to produce accounts annually. we will also advise you on which documents are needed for appropriate book keeping and direct you with the necessary management that is needed to maximise profit, cashflow and company liquidity.
Taxation
Personal Taxation
Personal tax is essential to the overall service we provide to individual and business clients. It is important that the self assessment clients are monitored and the filing deadlines imposed by HMRC are adhered to. We provide advice to self assessment clients and guide them through the process to ensure it is as easy and simple as possible.
Business Tax
Tax returns are issued annually to taxpayers whom the tax office believe have:
- Income from self-employment
- Rental income
- Other income received where no tax has been deducted
Whether you are trading as a sole-trader, partnership, LLP or Limited company, knowing how much tax you have to pay, and when you have to pay it is vital. It is just as vital to have expert advisors who will ensure you are not under/over-paying tax. Looking after the tax affairs of our clients businesses is fundamental to the service we provide.
We can help with a wide range of business tax matters including:
- Preparation of corporation tax computations and returns
- Self-employed/sole trader tax
- Limited Liability Partnerships (LLP)
- Partnership tax compliance
- Partnership tax planning
- Planning for incorporation of sole traders and partnerships
VAT
Value added Tax (VAT) is one of the most time consuming areas layered with complex tax regulations. As a result of the ever changing regulations made by HM Revenue & Customs, many businesses overpay/underpay vat and therefore require expert advice to ensure the business complies with the relevant regulations in order to prevent paying unnessary penalties.
All businesses require up to date and accurate tax advice to meet their financial goals and therefore our aim, at stonebridge accountants, is to assist you in reducing your tax liabilities, maximizing your wealth and easing the administrative burden of tax compliance.
Our services include:
- Assistance with VAT registration
- Advice on VAT planning and administration
- Use of the most appropriate scheme
- VAT control and reconciliation
- completing VAT returns
- Planning to minimise future problems with HM Revenue and Customs
- Negotiating with HM Revenue and Customs in disputes and representing you at VAT tribunals
Management accounts
Management accounting services produce reports which are used to highlight key areas that need improving by shining light on key performance indicators as it provides valuable insight on a companies performance. This could include drafting cash flow forecasts, variance reports, budgets and aged creditor/debtor listings. This ensures that you have the complete understanding of your business’s existing and future financial position. Only with this information can your business achieve its objectives and realise your full potential.
Payroll
Payroll is one of the key factors to your organisation. Ensuring your workforce gets paid correctly and on time is vital as it has a huge effect on staff productivity and commitment and this is the foundation of a successful business as they are the marines and you are the captain of the ship steering into success.
However, running your own payroll can be rather time consuming which means your attention is diverted away from your main business activities. As well as this, complying with complex employment regulations, whilst keeping track of constant shifts in legislation can be a minefield. Fortunately, at Stonebridge accountants, we have dedicated staff who can alleviate you of this responsibility and ensure your business complies with the relevant legislation.
Our services include:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of statutory forms, including year end returns and p60’s, to issue to your employees and submit to HMRC
- Summaries and analyses of staff costs
- Administration of pension schemes
Advisory services
At Stonebridge accountants, we have a team of highly experienced individuals with multi lingual abilities who are committed to providing complete, accurate and timely advice. We believe in close client relationships as it allows your views to transform into our views and this could involve developing creative solutions for improved growth and profitability, business planning, personal and strategic goals and funding. Our business advisers undertake the preparation of accurate and timely management information, covering every element of the business, providing business owners with appropriate management over their financial performance.
Business start ups
We work closely with our clients to identify the aims and ambitions of each individual requirement. Once our advisors have full insight of the business and its ethos then we can identify the most suitable legal structure for the business. We also understand the power of business plans and how important it is to plan ahead clearly and with as much relevant and detailed information as possible in order for the business to be successful therefore we will advise you and help formulate effective business plans. HMRC will need to be notified within 3 months of commencement and failure of notification will result in penalties.
Our services include:
- Business Planning and Financial Projections
- Financial Controls
- Funding Solutions
- Pension Scheme Audit and Accounting
- Risk Management
- Share Valuations
- Appropriate bookkeeping
Sage
Sage is a leading supplier of accounting software to businesses worldwide. This software is designed specifically to meet the needs of start-ups, sole traders and small businesses. It is also designed specifically to make it easier for companies to manage their business processes by allowing you to invoice customers, analyse business performance and manage VAT, stock, budgets and more. Sage has a range of products that cater for the management of accounts and finances, management of people and payroll and management of business solutions. Stonebridge accountants have the knowledge to provide the appropriate advice, support and training to assist you in becoming familiar with the software.
Here are just a handful of the features the accounting software has to offer:
- Manage income and expenses
- Choose from desktop or cloud based solutions
- Invoice customers with professional, customisable invoices
- Keep bank and accounts accurate with easy bank reconciliation
- No limits to the number of transactions you can enter
- Automatically calculate and submit VAT returns securely to HMRC
- All software comes with either support as standard or has an optional support package
- Always up to date with the latest legislation
- Submit your payroll data online to HMRC
- Keep an up to date record of all your employees
- Automatically calculates tax, NI and statutory deductions
- Create payslips and P60s for your employees
