Gohils Accountancy

BUSINESS START UP:

The UK has a very supportive background for start-ups, with a flourishing wealth of networks, groups and organisations for all types and style of new business. We are here to give you practical advice, ideas and make many valuable contacts.

Most however are not experts in the legal and financial aspects of running a business and such matters can appear daunting. Fortunately, you do not need to be an expert in these fields to succeed in business, but you do need the support of a team of trained experts.

We can help. Just bring us your business ideas and turn them into reality. Below are some of the aspect we cover

• select on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company
• prepare a business plan, cash flow projections, budgets, and trading estimates
• assess the business requirements, advise on the best sources of finance and draw up the necessary proposals
• build a good working relationship with your bank
• complete any registration procedures with Companies House and HMRC
• deal with company secretarial issues
• set up a data filing system for your internal use and for complying with statutory requirements
• decide on what computer system to buy and help with the installation of accountancy software for day to day book keeping
• suggest or implement bookkeeping, VAT, payroll and other accounting requirements and
• help with all initial aspect of business compliance and administration

Compliance services:

We provide a range of compliance services to support your business’s administration aspects.

We will make sure your company accounts are prepared in the accurate format, statutory books and other company records are kept up-to-date and that all statutory returns are prepared. Our experienced staff will release you of the regulatory burden and leave you more time to concentrate on your primary business activities. We will make sure everything is in the right layout, in the right place in sync with right time.

Our range of compliance services includes:

• statutory audits
• annual accounts
• company secretarial services
• tax returns and
• Grant claims.
• specialist/niche audit and accounts
• payroll procedures including Real Time Information and Pensions Auto Enrolment compliance

Consultancy Services:

Our consulting services are focused on your professional and personal goals, we will understand your business needs and goal to craft bespoke services and advice beneficial to your business.

Management consultancy & Information technology

Our management consultancy service can evaluate your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can advise you in many areas in your business such as gross profit, cost control and stock valuation.

Information technology (IT) is one of the key factors to every business to achieve its goals. We can help you to choose right tool for your business for smooth process and day to day accountancy needs.

• hardware & software selection
• installation and training
• reporting solutions & payroll systems

our correct solution can save your precious time to produce professional financial information that is accurate and appropriate to run your business efficiently. It is always best practise to implement right system for your business for best practice.

Support services:

We will support you and your business at every steps to grow and increase profitability.

Management accounts and information

We can help you with management accounts, which are set of summarized accounting data (balance sheet, cash flow, and income statement) prepared and presented (usually every month, fortnight, or week) specifically for a firm’s management and tracking the growth

Payroll

It’s difficult to manage a payroll as it involves complex areas and difficulties. With the implementation of Real Time Information, HMRC require information generally on or before the date of payment to the employee. We can help by installing payroll software and training your staff. We also provide full services, if you wish to outsource the service for better control of your business.

Bookkeeping

We can manage your general bookkeeping requirements, either at your business premises or at our office. If you do not employ a bookkeeper, then we can take up the role or help you recruit the right person for your business for right documentation.

Business planning and forecasts

Every business must plan ahead to ensure their future projection are in line with company goal and growth, sometimes daily business activities delay the strategic planning process. We can help with financial projections with business plan to make it practical and easy to understand.

Liaising with banks and institutions

We can help your business to liaising with banks and other financial institutions. Our years of experience can support you and your business through this daunting experience.

Taxation:

We can assess your business situation and guide you for proper taxation, which is very crucial for any business.

We can support you to understand the tax implications of your actions, so you can plan accordingly to conduct your affairs in a tax efficient way.

Corporation tax services

Under Corporation Tax Self-Assessment (CTSA), it is business owner’s responsibility to calculate the correct corporation tax. We can prepare tax returns in a timely and efficient manner. We can also determine your company’s tax liability and assist with the calculation of any quarterly instalment payments due.

Our highly skilled staff will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.

Personal tax services (including sole-traders and partnerships)

We can guide and plan income tax, capital gains tax and inheritance tax for your business and other ventures.

Self-Assessment

Our expert staff and IT system will take the difficult task of the form filling and compliance of your Self-Assessment. We can provide you with useful advice on personal tax and the planning opportunities for yourself and business. Our beforehand planning will ease your mind on tax returns, calculation of any tax liability and advise you on exactly when to make payments and how much to pay for easy management

Personal tax planning

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist team can provide you with year-round advice on all aspects of personal taxation.

VAT

Ever changing regulations by HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and only right payment to be made to keep you in control. Our services include:

• VAT registration assistance
• VAT planning and administration advice
• Appropriate planning to upcoming payment
• VAT control and reconciliation
• completing VAT returns in timely manner
• projected planning to avoid any problems with HMRC
• negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

HMRC Investigations and Enquiries

The subject of a tax investigation or enquiry by HMRC can be a stressful and upsetting experience. Our experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11d compliance. we can provide expert help and support for a stress-free process.