If you’re self-employed, trade in a partnership, or act on behalf of a company, then we can save you time dealing with taxation, compliance issues, and accurate reporting allowing you to concentrate on running your business.
We have an experienced team able to help with all of your needs relating to accounts preparation, VAT, and payroll, from basic accounts to incorporating limited companies.
Our services include:
Filing accounts for businesses is essential to get right, including reporting expenses to attain deductions against your income. Expenses can be handled differently depending on your status; trading as self-employed, in a partnership, or as a limited company. Our team of specialists will ensure that accounts are prepared in the most efficient manner, however you trade.
Corporate and Partnership Tax Returns
In addition to a personal tax return, your company or partnership will need to file a tax return with HMRC. Our team ensures these are reported accurately and that claims are filed in a timely fashion to avoid any undue penalties.
An important aspect of this process is VAT. It can quickly become complicated but needs to be correct as HMRC has increasing powers to penalise. At Harris Stewart we can guide you through the issues of flat rate schemes, annual reporting, quarterly reporting, and cash accounting to be the most efficient and meet your business needs and objectives.
Our dedicated payroll team will ensure your documentation is up to date with all the latest changes in legislation and that you benefit from relevant reliefs for you and your employees. This includes employers National Insurance allowance, and travel and subsistence claims.
With changes to pensions and the introduction of real time information, payroll is an increasingly important task to get right.
We’re experienced in remuneration advice for owners of managed businesses and can help you avoid anti-avoidance legislation, such as IR35 and overdrawn loan accounts. For any director or shareholder, it’s important to note that the company is a separate legal entity, even though you may feel as if you’re self-employed.
As a result, the company you own will have corporate compliance requirements different to and in addition to your own. This status will also affect how you are able to draw your income. Our team can review both your personal and corporate position to ensure you have the most efficient remuneration package for yourself and the company.
Company Secretary and Registered Office
We can perform the role of Company Secretary and provide a registered office address for your company. We have a number of clients already benefiting from this service where, as Company Secretary, we ensure that your annual return is promptly filed to Companies House each year, and report on issued share capital, current directors and much more.