项氏财务 XIANG & CO ACCOUNTING SERVICES

Services

You want to start a business because you are an entrepreneur with a great idea and the vision to realize it.

And we're here to help you do just that.

We want you to focus on what you do best - building your business - while we provide all the necessary background support.

Here are just a few of the ways we can help you get started:

• Preparing a comprehensive business plan
• Determining the best structure of your business: sole trader, partnership, limited liability partnership, or limited company
• Where appropriate, assisting with company formation and company secretarial duties
• Registering your new business with the Inland Revenue and, where appropriate, Customs and Excise
• Establishing relationships with banks, insurers, etc
• Preparing cashflow projections and assessing finance needs
• Preparing and submitting finance applications
• General bookkeeping, VAT, and payroll duties
• Tax planning
• Management accounts
• Annual accounts
  

Annual Accounts

Preparing annual accounts can be a real chore. You know it's important, but it's so time-consuming. Do you dread the paperwork? Does it sit on your desk, day after day? Or do you spend so much time with your accountants that it feels like you've married them without your consent? If this sounds familiar, you should give us a call today.

At Xiang & Co we can prepare your accounts for you or help you set up internal systems to generate the information you need.

We can also interpret the figures and make suggestions to help you improve your profits or help your business grow. So, you get more time to do what you do best, plus you get accurate, timely figures. What could be better than that? What's more, we'll do this for one fixed fee, within 30 days of receiving your information.

Financial Records Keeping and Management Accounts

Have you ever wished that someone else would look after your financial records? Do you dream of the day when your business reports will help you build a better business? Would you sell your most favoured possession for some useful management information? Well, your prayers are about to be answered.

At Xiang & Co we can:

• Examine and then improve your existing accounting and management information systems
• Install a financial record keeping system that is perfect for your business
• Send a financial manager to your office or work on your records remotely
• Help you produce meaningful management information

This is guaranteed to save you time and money and will also really impress your bank manager: important if you are going to need more funds in the future.

If your accounts are still manual, and you're in a bit of a pickle, never fear. We can help you evaluate the benefits of a computerised accounting system, and can recommend a system for you.

VAT

VAT can be the bane of everyone affected by it.

The complex regime of regulations imposes a tremendous administrative burden on businesses.

With the rate being so high, mistakes in calculating VAT can be costly - and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.

Our cost-effective VAT compliance and planning services can relieve you of this burden.

Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.

In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:

• The pros and cons of voluntary registration
• The timing of compulsory registration
• Extracting maximum benefit from the rules on de-registration
• Partial exemption
• Flat rate scheme
• Timing and delaying VAT payments
• VAT on imports and exports
• VAT control visits by Customs and Excise

Payroll

Administering payroll is becoming increasingly burdensome for many businesses, taking more and more time and resources away from core business functions.

Fortunately payroll can easily be separated from your other accounting activities and outsourced to a specialist agency such as our team of payroll professionals.

We offer a completely confidential and cost-effective service that includes:

• Starters and leavers
• Code number changes
• Customized and generic payslips
• Taxable benefits and P11Ds
• Company, personal, and stakeholder pension schemes
• Student loan recovery
• WFTC and DPTC
• SMP, SPP, SSP, and SAP
• Child maintenance orders
• Give as you earn
• Pay in lieu of notice redundancy
• Advice on tax and NIC payable
• Processing payments through BACS
• Dealing with employee enquiries
• Standard payroll reports
• Production of year-end P60s
• Real Time Information monthly preparation and submission
  

Corporation Tax Services

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Personal Tax (including sole-traders and partnerships)

We are specialists in income tax, capital gains tax and inheritance tax.

Self Assessment

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

Personal Tax Planning

Today, more and more emphasis is being put on taxpayers' individual responsibilities and everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our tax Partner can provide you with year-round advice on all aspects of personal taxation.

Company Secretarial

The Companies Act requires companies to submit various documents within strict time limits. Not only is this a considerable administrative burden, failure to comply can result in potentially severe penalties for directors.

We can relieve you of both the burden and the worry by helping with your Company Secretarial duties. Our service includes:

• Preparing and filing accounts and annual returns
• Maintaining statutory registers:
• Register of Allotments
• Register of Transfers
• Register of Members
• Register of Directors
• Register of Secretaries
• Register of Directors' Interests
• Register of Mortgages and Charges
• Preparing and filing Companies House forms recording:
• Changes of officers
• Changes of registered office
• Increases in share capital
• Allotments of shares
• Changes of accounting reference date
• Preparing documentation for annual general meetings
• If required, acting as company secretary of your company
• If required, providing your company with a registered office address