With over 20 years of experience as an accountant, I have built up expert knowledge enabling me to help my client’s businesses grow and thrive. Through my chartered body, I am committed to continuously increase and improve this knowledge, ensuring my clients continue to have complete trust and faith in me.
My services go beyond ensuring your business complies with HMRC legislation. I can also advise on the implementation of systems and solutions that will help your business stay ahead of the competition.
There is nothing worse than receiving an unexpected bill, especially if you’re a small business. I understand the need for you to be able to plan ahead, safe in the knowledge that no nasty surprises lurk around the corner.
With this in mind I will fully understand your requirements before fixing my fees for the forthcoming year. This won’t restrict the advice you receive, all fixed price packages come with unlimited email and telephone support.
There’s no clock watching here!
Professional Accountancy Services
At the each end of your business’ financial year you are required to compile your accounts to determine the taxable profit. The format of these accounts will depend on the structure of your business e.g. sole trader or Limited company. There is no prescribed format for sole trader accounts, but records must be kept and HMRC legislation followed to calculate taxable profit.
The Companies Act prescribes detailed formats for company accounts. These will depend on the company’s size; determined by its assets, turnover and employee numbers. These must be submitted annually to Companies House. Annual accounts are usually just compiled for HMRC compliance purposes. Businesses who want to track their financial performance should consider management accounts. I can provide efficient solutions for your business depending on its industry sector and complexity... Read More About Our Annual Accounts Service
Sole traders and partnerships are required to submit their tax returns in the form of annual self-assessments. However, from April 2018, HMRC are introducing ‘Making Tax Digital’ requiring quarterly returns for these for these types of businesses.
With this in mind, sole traders should seriously consider using software based accounting systems.
A limited company is a single legal entities which means, like a person, they have to submit their own annual tax returns known as a CT600. These must be submitted, together with their company accounts, to HMRC annually.
Other individuals may be required to submit self-assessments for reasons such as; renting out a second property, the sale of property/investments, or those whose income exceeds £100,000... Read More About Our Tax Returns Service
If you employ people, HMRC requires you to calculate PAYE and national insurance deductions each time they are paid. At the same time you must submit a return to HMRC detailing the deductions, known as RTI reporting. The amounts deducted must then be paid to HMRC on a monthly basis.
If you are in the construction industry and employ subcontractors, you are required to submit CIS returns to HMRC each time they are paid. Based on their status with HMRC, you may be required make deductions from your subcontractors. Again, this must be paid to HMRC on a monthly basis.
There are other employer obligations with payroll such as maternity/paternity pay.
I provide a full payroll service so you can concentrate on your business. Employers also need to consider the introduction of the Auto-Enrolment Pension Scheme, where all employers must have a pension scheme in place for their employees... Read More About Our Payroll Service
An increasing amount of people have taken up the option to work for themselves by working as contractors within their profession. This can provide a more flexible and rewarding form of working. However, most businesses that employ contractors insist on them trading through limited companies. This insures the employing company are not responsible for the contractor’s tax.
Creating (incorporating) a company to contract your services under can be an efficient way to minimise your tax liability. However, caution is advised because your company could be classed as a Personal Service Company (PSC). Legislation exists, known as IR35, which is designed to test whether a contractor’s work is actually disguised employment. If you are classed as a PSC then the tax advantages of working through a company are reduced significantly. This can be a complex area for many. I am fully conversant with the legislation and can advise you accordingly. I offer a full contractor package to cover all of your needs... Read More About Our Contractors Service
Accounting Systems Expert – Cloud Accounting
I have a vast amount of experience and expert knowledge of accounting systems. This means I am qualified to advise you on the system best suited to your business needs. My expertise enables me to perform faultless migration and implementation of new software.
The last few years have seen the explosion of cloud accounting (online) systems for your accounts. These provide a fantastic solution for businesses of all sizes. However, the plethora of choices can be confusing!
I have chosen 3 market leading software companies to partner with, which cover the needs of all businesses. I love them all, but the right one for you will depend on your type of business and its size.
"If You Are Looking For An Accountant In Portsmouth - Trust Harmonix Accounting For All Your Accountancy Needs - Call Rob Waight On 02392 389 457 Today!"