We can advise on the best trading structure for your business explaining, the legal, tax and compliance issues.
Individuals operating a business will also have personal tax considerations. However, there are many situations where indivuduals who are either on PAYE or retired will encounter tax issues, for example, property rentals, capital gains, pension tax relief, investment income,temination payments and many others. We can advise you on how to structure such transactions and calculate any tax due.
We can prepare year end accounts where you undertake the bookkeeping or we can undertake the bookkeeping on you behalf. We use industry standard software for both bookkeeping and final accounts preparation importing from spreasdsheets where these are used. We can advise on the implications of transactions where these may not be straightforward.
We use Xero and quickbooks and can either post the transactions or check the client postings on a monthly or quarterly basis. We are also asked to post conversion balances and set up charts of account.