Wimpole House Company Formations

Accounting services....



auditing small business accounting company secretarial tax
payroll vat registration personal finance payroll

Simply contact us with the small business accounting services you require and one of our chartered accountants will be assigned to your comapany specifically.

Why use our Accountancy Services...

Our complete accountancy service ensures that you don't have to worry about the burdens of correct formatting and delivery of particular financial documents with strict deadlines.

WHCS has operated within the financial sector for over two decades and is an expert in matters of financial documentation compliance. We will ensure all your documents are in order for when they are required, and created in the correct format.

Check out our services below and contact us with the services you require. All companies are treated individually and therefore we assign you a personal chartered accountant to deal with your accounting needs.

Auditing

We prepare accounts and perform audits for all types of business including sole traders, partnerships, and limited liability companies, in any sector of the economy.

Benefits:

  • You receive an accurate account of your true financial position
  • Identify potential areas of weakness and advise on remdial action
  • Professionally documented books for finance applications, reports, etc
  • You have peace of mind knowing your accounts are in full compliance of the statutory requirements
  • Enhance your business reputation by presenting a professionally prepared set of accounts
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bookkeeping services

The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping and accounting.

That's something we can do for you, either at your office or at ours.

We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations. But we don't stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:

Benefits:

  • Cashflow
  • Profitability
  • Performance ratios
  • Customer activity
  • Credit control
  • Budget comparisons
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Company secretarial

The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act.

Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors.

We can give you complete peace of mind in this area by carrying out your company secretarial duties for you.

Benefits:

  • Company formations
  • Preperation and filing of statutory returns
  • Preperation of all documentation related to minutes and resolutions
  • Maintenance of statutory books
  • General advice on company law
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Corporate tax planning

Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies from the inland revenue, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

Efficient corporate tax planning results in significant improvements to your accounts. McGurran & Co. minimize your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation.

Benefits:

  • Determining the most tax effective structure for your business
  • Taking full advantage of tax opportunities and reliefs
  • Achieving the optimum capital or revenue tax treatment
  • Reducing tax on disposals and maximising relief on acquisitions
  • Making the most of tax opportunities specific to your industry
  • Meeting the rigorous demands of compliance including corporation tax self assessment
  • Acting on your behalf in discussions with the tax authorities
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payroll

Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.

We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service, including: Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

Benefits:

  • Customised payslips
  • Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
  • Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
  • Summaries and analyses of staff costs
  • Administration of incentive schemes, bonuses, and ex-gratia and termination payments
  • Administration of pension schemes
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VAT Registration

We are experts in company compliance and if you require, we will take over all your company secretarial needs. This will mean you will not need to worry about;

Benefits:

  • VAT registration
  • VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Planning to minimise future problems with Customs and Excise
  • Negotiating with Customs and Excise in disputes and representing you regarding VAT and tax issues.
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Personal services

Wimpole House Company Services can also help you with you personal finances and accounting. Take a look at our services below and see how we can help you.

Benefits:

  • Estate planning
  • Personal tax planning
  • Retirement strategies
  • Self assessment
  • Self employed
  • Sub contractors
  • Tax investigations
  • Trusts & executorships
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Article 1

Tips on choosing the right accountant

There are several things to bear in mind when choosing an accountant including checking qualifications, references, added value services and fees.

Accounting is an important part of any business and therefore it is well worth taking some time to think about how to go about choosing an accountant. There are several areas which must be addressed either before or during an interview in order to successfully appoint the best candidate possible for this crucial role. Accountantcy Qualifications

By far the most important place to start, before even short-listing suitable candidates, is on the issue of relevant qualifications as it is absolutely essential to have a qualified accountant. As in the UK anyone can use the term 'accountant' regardless of whether they have any academic qualifications, it is vital to ask to see copies of certificates to verify that the individual really is properly qualified. There are two types of main accounting bodies which result in having ACCA or FCCA if an individual is a Chartered Certified Accountant or the initials ACA or FCA if the individual is a Chartered Accountant. References in Employing an Accountant

Regardless of the position one is interviewing for, it is essential to ask for a minimum of two references and check them out. It is also certainly worth finding out from one's contacts as to who they are able to recommend. One of the best ways to find a good, reliable accountant is to ask around as that way one is able to ensure that the individual has the necessary previous experience.

Before employing an accountant it is important to first find out whether the candidate is able to offer any added-value services should such services be required in the future. Key examples of added-value services are aspects such as managing the monthly payroll system or the company's VAT return. It is worth finding a candidate who is able to provide additional services as this will likely save both time and money in the long-term.

Accountant Fees and Expertise

The hourly rate an accountant charges is identified by Truman & Lloyd (2007) as not being as important as the time taken to complete the specific jobs required. Therefore it is essential to ask for an annual fee quotation which is fixed and in writing and covers the various aspects of the position. Finally, before selecting an accountant, find out exactly where the individual's expertise lie and whether he or she has had significant experience working for businesses which are similar to one's own in terms of type as well as size.

As highlighted above, there are some key suggestions useful for finding the right accountant for one's business. Think about the following issues: qualifications, references, fixed fees additional-value services and whether the accountant has the right expertise and experience for the position.

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Related services...


uk limited company company-formations company-formation

Alternatively, visit our package deals via the online company formation section of our site and create your own services package by simply picking and choosing the serivces your require. Or contact us directly to set up the services you require.