Services

Business start-ups are all about turning your vision into a reality.

We will help you to:

• Decide on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company
• Prepare a business plan, cashflow projections, budgets, and trading forecasts
• Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals
• Establish a good working relationship with your bank
• Complete any registration procedures with Companies House and HMRC
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements
• Decide on what computer hardware to buy and help with the installation of accountancy software
• Keep on top of bookkeeping, VAT, payroll and other accounting requirements
• help with all aspects of business compliance and administration.

Every business should plan ahead to ensure success and longevity. At Taylor & Co Accountants we can help you to ensure your business follows the most direct and sustainable path to success by supporting your business in the following arears:

• Business Growth – Is your business growing as fast as it should?
• Business Forecasts – What money is coming in and going out of your business?
• Buying & Selling a Business – Do you know the steps involved and appropriate legislation?
• Performance Indicators – e.g. Are you getting 10/10 customer satisfaction feedback?

The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act.

Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors.

At Taylor & Co Accountants we can help you in this area by carrying out your company secretarial duties for you.

Our services include:

• Company formations
• Preparation and filing of statutory returns
• Preparation of all documentation related to minutes and resolutions
• Maintain your statutory books
• General advice
• Registered Office facilities

Bookkeeping is an integral part in running your business and ensuring you meet statutory obligations however it can also be very time consuming. At Taylor & Co accountants we can help you with all your general bookkeeping requirements.

Our experience covers a wide variety of business. We understand the needs of businesses of different sizes in different sectors and tailor our services to individual clients’ requirements.

Taylor & Co Accountants will ensure your books are kept up to date and compliant with HMRC legislation meaning you can concentrate on the important task of running and growing your business.

Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital for Income Tax from 6 April 2024. At Taylor & Co accountants we can support you with this transition.

Running a payroll can be complicated and time consuming. Outsourcing your payroll can offer a cost-effective solution which relieves the pressure on you whilst maintaining your responsibilities as an employer. At Taylor & Co Accountants we offer a full payroll bureau package tailored to your business needs.

We will:

• Prepare weekly or monthly payroll and produce payslips
• Advise on any PAYE liability and submit required information to HMRC
• Deal with new employees and those leaving your business
• Assist with any statutory payments i.e. statutory sick pay and maternity pay
• Offer full assistance with automatic enrolment for workplace pension duties.
• Prepare payroll reports

At Taylor & Co Accountants our VAT services help businesses cope with the complicated area of VAT with our tried and tested friendly, straightforward and streamlined approach. Whether you are a sole trader, partnership, or limited company we are best placed to advise you about how to handle all aspects of VAT planning, VAT returns and we can help deal with HMRC on your behalf during a VAT Investigation.

We recognise that Value Added Tax is a complex area to understand. The wrong move can cost you in penalties, or you could lose out on claims which you are entitled to.

Our in-depth knowledge and experience allow us to fully understand your needs, so that we really can provide you with the right advice.

From April 2022 all VAT registered businesses will be required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns. At Taylor & Co Accountants we use QuickBooks Accounting Software. We can advise and assist you in using the software independently or we can run the whole package for you.

The self-assessment tax return is a legal requirement if you earn any income that is not taxed through the PAYE system. You may need to complete a self-assessment tax return if you are a sole trader, partner in a business partnership or have other untaxed income such as rental income, investment income etc or you wish to claim back tax on business expenses.

At Taylor & Co Accountants we will prepare your annual self-assessment tax return, calculate liabilities and communicate with HMRC on your behalf. You can be safe in the knowledge that your tax return has been completed accurately, on time and that you have made tax savings where possible.

Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital for Income Tax from 6 April 2024. At Taylor & Co accountants we can support you with this transition.

Corporation tax returns are mandatory for all UK companies registered at Companies House. Taxable profits for Corporation Tax include the money your company or association makes from trading profits, investments and chargeable gains (from selling assets). Taylor & Co Accountants will register your business with HMRC, calculate your company’s corporation tax liability and submit the return to HMRC on your behalf. We can help your business develop tax-efficient strategies, resolve queries and offer financial advice. All giving you piece of mind that enables you to focus on the important task of running your day-to-day business.