Services
What We do
Tax Returns
Considering who to trust with your Tax Return and other financial affairs is a big decision. Taxation can be a challenging topic for most small and medium business owners and individuals. At Grace Certified Accountants we work to identify and optimise the opportunities for small and medium sized businesses, as well as ensuring compliance and liability minimisation.
Our knowledge and command of taxation legislation helps us to equip your business with the tools for effective tax planning.
Taxation Services:
- Preparation and Filing of Self-Assessment Tax Returns for Individual.
- Preparation and Filing to HMRC, of Corporation Tax Returns for Businesses.
- Preparation and filing to HMRC of Making Tax Digital (MTD) for VAT Returns for VAT registered businesses.
- Partnership Tax Returns
Business Start-Up
Congratulations on your new journey to start your own business. At Grace Certified Accountants, we will support you all the way through so that your dream will become a reality.
We will help you to decide which legal entity is best for your business:
- Sole Trader
- Partnership
- Limited Company
- Limited Liability Company
Once that is established, we will then complete the registration processes with Companies House and HM Revenue and Customs. We will also help set up the accountancy software for your Bookkeeping, Payroll and VAT requirements.
We will even provide you with business templates to use to get your business off to a great start!
Payroll
If you are a limited company or have employees you will need to have a PAYE scheme set up and operate payroll. Many of our clients choose to let us then run the monthly payroll. Let us know if you’d like us to take away that hassle for you.
Payroll services will include:
- Setting up a new payroll system
- Day to day payroll processing
- Dealing with PAYE and National Insurance deductions
- Completing your end of year returns
- Holiday pay
- Statutory pay
- Stakeholder pensions
- Reconciliation of all customer invoices (Accounts Receivable) and all supplier invoices (Accounts Payable).
- We’ll issue a monthly report on transaction trends and suggested improvements.
We use our software and resources to regularly build, maintain and report on your Financial position in a timely fashion, making sure you meet deadlines. We manage all your bookkeeping then produce useful reports and pass them back to you, for discussion, allowing you a hassle-free way of keeping on top of your bookkeeping
Bookkeeping Services
Every business owner hates bookkeeping and paperwork. Unfortunately, it has to be done. And it must be done in a prescribed format otherwise the Tax Man will be on your back. If you don’t keep proper books and records, you risk fines and penalties from the tax authorities. It’s a legal requirement to keep financial records in a prescribed format.
Bookkeeping really is a hassle. And we can take that hassle away. However, it’s about more than that.
Let us take away the hassle of keeping the books!
It’s not just about doing what you need to comply with the law and to keep the Tax Man happy (and you definitely need to do that!). It’s not just about saving you time. It’s about helping you to build a great business. This is why we go beyond simply entering data.
You see when done accurately and timely your financial data provides critical financial information and key performance indicators. This information is critical to understand what is going right, and what is going wrong, in your business. Having the right data will help you make the best decisions for your business and help you build a more profitable and successful business.
We don’t call it bookkeeping. It’s much more than that. It’s a Virtual Financial Management Service.
Registered Office and Secretarial Services
If you trade as a limited company the Companies Acts 1985 and 2006 include legislation on company secretarial requirements. It’s a hassle and the government keeps changing the rules. And your statutory books can be inspected at any time.
We can take all this hassle away from you and deal with all of the company secretarial work:
- We will provide a corporate company secretary and registered office address.
- Liaise with HMRC on behalf of clients.
This will also include maintenance of the company’s registers electronically and assistance with annual filings.
Real-Time Information System
We take things a step further; we don’t just do the bookkeeping, we offer training, support and advice. We also help you run your business using a modern cloud accounting service with access to our real-time information system.
A cloud accounting system will make your life so much easier. We use an industry-leading cloud accounting system giving you instant access to information in real time.
This means you benefit in the following ways:
- It saves you a very significant amount of time.
- Gives you 24/7 access to up-to-date financial information and reports (you can use cloud-based software from any device with an internet connection).
- You can sleep at night knowing your sensitive financial data is always secure and backed-up automatically.
- No system downtime because all software upgrades are automatically installed. This worry-free maintenance saves you time and hassle.