More than accounts

We offer an extensive range of services from helping new companies set up, to a full CFO management service, where we take on a much larger role in your company. Here’s the full list of how we can help:

Setting up a business

There are lots of question when you start a new business. Do you need to form a limited company or perhaps register for self assessment, VAT or PAYE? Smith + Co can assist with all elements of forming your business so that as the business owner you can focus on the day-to-day running of the business itself.

monthly management accounts and reporting

Monthly reporting on your company financials can help you make informed business decisions, and it will also satisfy your board or investors if you have them. We can prepare monthly or quarterly management accounts using software to provide up-to-date financial information to assist with planning and decision making.

year-end accounts

This would be on an annual basis for sole traders, partnerships or limited companies. The preparation of your statutory accounts and the filing of these accounts to companies house if you are a limited company would be included in this service.

PERSONAL AND corporatE tax

We can assist with all aspects of personal and corporate taxation. From preparing your personal tax return to complex research and development tax submissions. In hand with this we can provide tailored taxation planning to ensure you are both compliant and efficient.

companies house and company secretarial

We can take care of your correspondence and filing of documents to companies house. Confirmation statements, directors details, share issues and restructurings and change of addresses and names can all be handled by our team easing your administration burden.

vat return

With the introduction of Making Tax Digital (MTD) the filing of VAT returns for your business now potentially an added layer of complexity. We can assist in selecting and training on relevant accounts software to prepare your return or alternatively you could outsource the preparation and filing of your VAT to Smith & Co.

Bookkeeping

In many ways these go hand-in-hand. We would use appropriate software to prepare your bookkeeping and your VAT quarterly and file your VAT returns to the HMRC. We would then advise you of any liability and due dates. Should Intrastat and or EC Sales lists be required we could complete these for you too. As a result of preparing the company bookkeeping we can also provide monthly updates and management accounts comparing the current period to the previous financial years and also to budgeted performance.

payroll services

The day-to-day running and administration of the company payroll. This includes the operation of:

• Calculation of net pay, national insurance and PAYE.

• Supply of electronic or paper payslips to head office or direct to employees.

• Informing the HMRC of starters and leavers and operation for P45 and P46 procedures.

• Administration of any student loan or attachment of earnings orders.

• Maintaining statutory sick pay, statutory maternity pay and paternity pay.

• Informing you of the PAYE and NI liabilities.

• Calculation of employees pension deductions.

• Dealing with the HMRC regarding any PAYE matters.

• This would also cover additional assistance such as items like childcare vouchers, cycle to work schemes and auto-enrolment.

cfo services

We could also take on a larger presence within the company and have a more integral role in the business covering strategy and accounting consultancy  in addition to the compliance requirements. This can be wide ranging but often includes:

• Cashflow analysis and forecasting                

• Project and job costings and reviews

• Segmentation analysis

• Rate card and employee costings

• Share structure, EMI options, SEIS and EIS applications

• R&D Tax credits