SERVICES Summary

SERVICES Summary

SOLE TRADERS

  • Setting up as sole trader – registration with HMRC
  • Start-up advice on obligations, deadlines, records to keep, organizing your business
  • Bookkeeping Services
    • Bringing your accounting records up to date from your documentation
    • Maintaining records from documentation provided
    • Sales Ledger management
    • Purchase Ledger Management
    • Bank Reconciliation
    • Nominal Ledger/Cash Book Management
    • Asset Register
    • CIS
  • Periodic review of your business performance (Profit&Loss Statement, Balance Sheet, Cash Flow)
  • Year End Accounts, completing and submitting Self Assessment tax returns
  • Documentation storage services (for mandatory time frame) + digital copy storage in Cloud

PARTNERSHIPS

  • Partnership tax return and individual tax returns
  • +all services available for sole traders

SMALL LIMITED COMPANIES

  • Start-up advice on obligations, deadlines, records to keep, organizing your business
  • Bookkeeping services from records provided
  • Preparation of Year End Accounts and Returns, Submitting Corporation Tax Return***
  • Completing Director’s self assessment
  • Documentation storage service (for mandatory time frame) + digital copy storage in Cloud

***see details at bottom of this page

PAYROLL

  • For all type of businesses including sole traders!
  • Registration both employer and employees, running everyday payroll RTI, processing and issuing mandatory forms P45/P46, P11D for Taxable benefits, pay slips
  • SSP, SMP, SPP, Student Loan, Attachment of Earnings
  • Year End process P35, P14/P60
  • Employment Allowance (NI relief)
  • Auto-Enrolment Services, new pension duties for Employers (preparation, Registration, continuous compliance)

VAT

  • For all type of businesses listed above
  • Assistance with registration if required
  • Maintaining VAT records, selecting best scheme if applicable
  • Completing and submitting VAT returns

BUSINESS DEVELOPMENT

INDIVIDUAL TAX PAYERS

  • Help with the annual tax return, calculating tax liability
  • Submission of tax return as Agent

 

**OptiAccounts can draw up final accounts for the following businesses:

Financial year ends on or before 30 September 2012 and has both:

  • an annual turnover of no more than £6.5 million
  • assets worth no more than £3.26 million

Financial year ends on or after 1 October 2012 and has at least 2 of the following:

  • an annual turnover of no more than £6.5 million
  • assets worth no more than £3.26 million
  • 50 or fewer employees on average

 

OptiAccounts cannot help drawing up final accounts for companies that have to have an audit:

  • a public company (unless it’s dormant)
  • a subsidiary company (unless it qualifies for an exception)
  • an authorised insurance company or carrying out insurance market activity
  • involved in banking or issuing e-money
  • a Markets in Financial Instruments Directive (MiFID) investment firm or an Undertakings for Collective Investment in Transferable Securities (UCITS) management company
  • a corporate body and its shares have been traded on a regulated market in a European state
  • in case a shareholder or a group of shareholders who own at least 10% of shares request an audit of a limited company or the articles of association declares that it must be done; Final accounts can be drawn up to Trial Balance state.

SERVICES Summary

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