Services
TALLIED Accountancy will support you and your business every step of the way, whether you are just starting out on your adventure or already running an established business.
Company Formation
The process to form a company with TALLIED Accountancy is simple and fast. We will guide you through the process, providing help, support, and advice at every step.
- Advice on the most suitable structure for your business (sole trader, limited company or partnership)
- Complete any registration procedures with Companies House
- Provide you with all the relevant documents as soon as we hear back from Companies House
- Ensure that your cash flow prediction is realistic
- Help to open the company’s bank account
- Register the company for VAT and PAYE scheme if required
Bookkeeping
Bookkeeping lies at the heart of accounting and is therefore a very important area. However, it is often neglected as most business owners do not have enough time to keep their books organised and up to date.
This is something we can do for you. The only thing you have to worry about is providing us with all your paperwork on time – we will take care of the rest.
- Accounts receivable
- Accounts payables
- Nominal ledger journal
- Processing expenses
- Credit notes
- Bank and credit card reconciliation
- VAT returns
- Paperwork filling
VAT Returns
VAT returns and its online filing with HMRC might seem like a complex and overwhelming task, which business must deal with. It is not surprising that many businesses unintentionally overpay/underpay VAT or miss the deadline for submission – and those mistakes can cost you a lot of money and time and we will not make that happen for you.
With TALLIED Accountancy you can rest assured that your VAT is calculated correctly and the deadline for submission will not be missed.
- Applying for VAT registration if required
- Choosing the correct VAT scheme
- Quarterly VAT calculation
- Submitting VAT on your behalf
- Be present at any HMRC inspection
Payroll
When you run a business and employ staff you will have to complete weekly or monthly payroll - this can be time consuming and stressful, especially with ever-changing employment legislation. Do not divert yourself from the core of your business and spend unnecessary money on payroll software and training – let us take care of every aspect of your payroll allowing you to spend time on more productive work.
Whether you employ only a few employees, you will make savings in terms of time and money by engaging us to look after your Payroll.
- Registering you as an employer
- New starter and leaver administration
- Ensuring correct PAYE, NI, SSP, maternity payments etc. are calculated
- Preparing and sending to your employees weekly or monthly payslips either by post or e-mail
- RTI submission to HMRC
- Providing statutory documentation P45s, P60s, P35 and salary breakdown reports
- Liaising with HMRC if necessary
CIS
Under the Construction Industry Scheme (CIS), there are different rules for contractors and subcontractors.
- We will check if CIS applies to you
- If it does apply, we will register you for the scheme and carry out all the necessary monthly returns to HMRC
Self-assessment
If in the last tax year you were self-employed, your income from dividend was £10,000 or more before tax, were company director or had more complex tax affair, you will need to file a self-assessment tax return to HMRC.
TALLIED Accountancy can save you time, worry and money by completing your self-assessment for you.
Please contact us or go to the HMRC website to find out whether you are required to complete and submit self-assessment to HMRC.
- We will assess your situation
- We will do all the necessary calculations
- We will dertermine what you own
- We will deal with HMRC as your agent
- Most importantly, we make sure you submit your tax return on time and do not miss out on allowances or deductions
Management reports
Management Reports provide a clear view of your business. You can see areas where you may have over or under spend; who owes you money, and who you owe money to; look at profit to date and much more.
Our management reports options can be produced monthly or quarterly to suit your business needs.
- Profit and loss statement
- Aged debtor & Creditor report
- Cashflow report
- VAT report
- Bank reconciliation report
Business Advice
Do you have questions regarding your business? We can offer a wide range of advice and guidance to point you and your business in the right direction.