As a small business, it can be demanding to run the day to day operations of your business without the added complication of managing your accounts.
Here at GMP Accountants, we can help with your accounts, business tax, VAT advice, audits, HMRC investigations and much more! Our accountancy services will provide you with peace of mind that your accounts and returns are up-to-date and filed on time.
Whether you are looking for support with your annual accounts or completing your VAT and PAYE records, we can help. We can also complete and file your self-assessment tax returns.
When running your business, you will be subject to different taxes and expenses over the years. These will change as your business grows and adapts.
Capital Gains Tax
If you are planning to dispose of a business asset like a property or a share of a business, it is important to make sure you prepare for any tax liabilities you may need to pay. We can help you to minimise your CGT by taking advantage of the numerous reliefs that may be available to you. These reliefs can be complex and specific criteria must be met to obtain them. Working with a fully qualified chartered accountant will ensure you have the best possible advice to save you time and money.
Corporate Tax Planning
Developing a tax-effective strategy for your business is essential to access the appropriate tax opportunities and reliefs. We can help you to determine a strategy that helps you to achieve the optimum capital or revenue tax treatment, minimise tax on disposals, and maximise relief on any acquisitions.
We can make sure you are fully compliant with corporation tax self-assessment demands and we can also act on your behalf in discussions with HMRC.
HMRC may investigate your business at random, which can cause undue stress. We can help you to prepare for an investigation, and help to mitigate your exposure to penalties and fines.
Our help can be invaluable, with expert advice and support and we can also liaise with HMRC on your behalf.
Working with an experienced accountant will ensure you are always up to date with the latest VAT changes and legislation introduced by HMRC.
Understanding how VAT works is fundamental to the successful running of your business. We can make sure you are fully compliant, whilst assisting with VAT registration, planning and administration. Our advice will also cover VAT control and reconciliation, finalising and filing VAT returns, partial exemption, and we can negotiate with the Revenue during disputes, and act on your behalf at VAT tribunals.
We are registered auditors under the ICAEW. This means we are fully qualified to carry out your statutory and voluntary audits. You may require an audit to comply with the Companies Act, Charities Act, Pensions Act, its constitution, the rules of its regulatory body, financing arrangements or for several other reasons. Whatever the reason, we can help.
If you are starting up your own business, this is the perfect time for you to start working with an experienced accountant to guide you through the process. We can help you to choose the most suitable structure for your new business – whether it be as a sole trader, limited company or a partnership. We can assist in the creation of an effective business plan, cashflow projections, trading forecasts and budgets. We can also help you to acquire additional finances with introductions and proposals.
We will develop a long term relationship to support you as your business grows and changes.
We can advise you on how to keep your bookkeeping records up to date and accurate. This helps you to plan financially as well as being fully prepared for your tax return. It also ensures that you can spend your time focusing on the day to day running of your business, instead of time-consuming paperwork.
Payroll is another tedious task for business owners who need to spend their time concentrating on running their business.
Our payroll service includes the creation of customised payslips; the effective administration of PAYE, National Insurance, Statutory Sick Pay, Statutory Maternity Pay and more.
There are so many ways that we can help small businesses, by saving time, money and most importantly stress! If you want to speak to an accountant about support for you and your business, please get in touch.