OUR SERVICES | www.adamnth-acc.com

The team of experienced accountants is always ready to provide you with qualified assistance in accounting and taxation. We work with both companies and Self-Employed individuals.

Our book-keeping services will save you not only time, but money as well. To make your business more efficient, entrust all borring paper work to us. Detiled and correct accounting records will result in corect amounts of taxes paid.

COMPANY INCORPORATION

You can run your business as a private limited company or limited liability partnership. To set up a private limited company (Ltd) or partnership (LLP), you need to register with Companies House.

To incorporate new company you are required to provide the company name, company registration address, main business activity description and amount of share capital.

WE WILL DO FOR YOU:

Check on the availability of a company name
Prepare and submit Articles and Memorandum of Association
Submit forms detailing your company’s executive officers, directors and secretary
Register authorised share capital - a minimum of one share must be issued

ADDITIONAL SERVICES:

Registration address
Business address
Director's service address
Mail forwarding
Domain name registration
Apostil
Business bank account
Virtual office
Certificate of Good standing
Off Shelf Company
Other services

The majority of companies we form, are registered within few working hours.

SELF-EMPLOYMENT REGISTRATION

If you start working for yourself, you’re classed as a sole trader or self-employed. You’re personaly responsible for any losses your business makes. Youresponsible for payments of Income Tax and National Insurance Contributions.

You must inform HM Revenue & Customs, register for Self-Asessment and file Tax Return every year.

WE WILL DO FOR YOU:

Register for Self-Employment
Obtain Unique Tax Reference (UTR)
Register for Self-Assessment
Register under Construction Industry Scheme (CIS) if you work in construction

You can trade under your own name, or you can choose another name for your business.

BOOK-KEEPING

Every buthiness is required to keep its records up-to date.

Bookkeeping is the recording of financial transactions on a day-to-day basis.

It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.

If your annual turnover is around £40,000 a year, you are not VAT registered and do not have employees or subcontractors, it is more likely you do not need run accounting on the monthly basis.

Book-keeping on the mothly basis keeps all your records up-to-date, you are sure, that all reports are submitted in time, all HM Revenue & Customs requirements are met.

We offer bookeeping services on the regular basis deppending of your business needs.

We aim to keep the most efficient control over your finances to enshure, that every peny paid on taxes was calculated right.

VAT RETURNS

VALUE ADDED TAX

It is a tax on the value on the price difference you add to products and services or a tax on the price difference between what you've paid and what you charge for a product.

VAT Return should be submited to HM Revenue & Customs to show how much VAT you are due to pay them. Usually it is filed every three months. You are not required to file VAT return if you're not registered for VAT.

Not all businesses need to register for VAT. You are required to register for VAT if your turnover goes over £85,000 (2017/18 tax year) in a rolling 12-month period.

This isn’t a fixed period like the tax year or the calendar year - it could be any period, for example 12 months backwards from today.

WE WILL DO FOR YOU:

Advice on registeration for VAT
Process your VAT registration
Assist you in the quarterly VAT returns
Advice on expenditure you can reclaim
Help you decide on which method of accounting for VAT will best suit your business
De-register from VAT
Assist with preparation and HM Revenue & Customs checks

CIS RETURNS

CONSTRUCTION INDUSTRY SCHEME

Construction Industry Scheme is applicable to businesses who works in construction industry.

Under the Scheme, contractors deduct money from a subcontractor’s payments. The deductions count as advance payments towards the subcontractor’s Income Tax and National Insurance.

Whenever, you are Contractor or Subcontractor, you should be registered under Construction Industry Scheme (CIS) with HM Revenue & Customs.

Being a Contractor you must be registered as an Employer and deduct Income Tax from payments you make to subcontractors.

Payments and deductions should be reported to HM Revenue & Customs each month.

WE WILL DO FOR YOU:

Register as an Employer
Subcontractor verification
CIS Monthly Retrun preparation and submission
Produce Subcontractor Payment Certificate
Advice with rates of deduction
Register for Gross Payment

PAYROLL

If your business has Employees, you have to run PAYROLL.

Payroll is the process of gathering information about your employees, calculating sallaries and wages, taxes deducted and wages payable.

Payroll must be run and payslips prepared each time you pay employees.

Being an Employer you must be registered as an Employer with HM Revenue & Customs. The main purpose of Payroll is to calculate correct employee's compensation for their work, to collect personal Taxes. Payroll has sufficient influence on tax paid by the company and the end of the financial year.

All payments must be reported to HM Revenue & Customs before payment is actually processed.

WE WILL DO FOR YOU:

Register as an Employer
Process Payroll on weekly, 2 weeks, 4 weeks or monthly
Produce Payslips
Produce P60, P45, P11D and other Payroll forms
Advice with rates of deduction
Process Payroll payments to Eployees

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WE WILL DO FOR YOU:

ADDITIONAL SERVICES: