TAX COMPLIANCE

We are all working to earn an income, yet financial management can be a daunting prospect.

Without processes in place, it is difficult to keep on top of income and expenditure. This can lead to unpaid bills, unpaid invoices and fines. These all have a negative impact on profits and the reputation of your business.

If financial management isn’t your forte, KMB Accountancy can assist. We can support a start-up business from the outset, or work with more established companies which are looking for growth or are attempting to get out of a financial quandary.

For a start, every business must submit accounts and tax returns to HMRC, if you run a Limited Company you must also submit accounts to Companies House.To be compliant, it is important to conform to tax laws. We can guide you through the process and prepare documents on a timely basis for your approval. This will ensure that you fulfil legal requirements, without paying more than is required.

Companies House

When there are changes to company structure, there are various documents that need to be submitted to Companies House, we can assist with this.

Each year on the anniversary of the incorporation of the company there is a need to complete and submit an Annual Confirmation Statement to Companies House – we can do this for you.

Finally, we can provide registered office facilities for your company.

Self Assessment and Partnership Tax Returns

If you are trading as a sole trader or in a partnership, we can prepare your accounts and self-assessment tax return and submit them to HMRC on your behalf.

Management Accounts

Financial planning is essential for ensuring that your business objectives are being met. The production of Management Accounts, which would be produced at a more regular frequency than the Annual Accounts, will help you to monitor actual performance against your objectives. We can produce these accounts at whatever frequency you require, and advise whether you are meeting these objectives or if any corrective action is required.

A thorough knowledge of how your business, backed up by our previous experience of working in business, provides a reliable platform for giving you the best advice available. We are also competent in identifying factors that are key to future success.

To arrange an initial appointment, please contact Keith on 01494 842844 or email  keith@kmbaccountancy.co.uk