Services

Accounting

Good accounting systems and controls are fundamental to running an effective business and making good management decisions. There is a raft of legislation and regulation surrounding business accounting and finance, together with penalties for non-compliance. We can prepare your statutory annual accounts to ensure you meet your obligations to report on the financial position of the business.

Whether or not you prepare your own financial statements, our experienced staff will make sure your annual accounts comply with all relevant legislation, including the Companies Act, and the applicable accounting and financial reporting standards.

Management Accounts

Financial information is essential for you to be able to make informed decisions on your business. We will provide you with periodic management accounts, these can be monthly or quarterly, and we will also translate these figures for you, highlighting the key performance indicators.  We will advise you on your business strengths and weaknesses and what you can do to make your business stronger to allow you to develop the business as you have planned.  Our experienced accountants will become an integral part of your team.

Whether or not you prepare your own financial statements, our experienced staff will make sure your annual accounts comply with all relevant legislation, including the Companies Act, and the applicable accounting and financial reporting standards.

Statutory Regulatory Audits

We believe an audit should provide a real benefit to your business; a process which should
 

  • improve your efficiency and effectiveness
  • identify any risk areas such as poor controls, systems or procedures
  • highlight irregularities such as errors or dishonesty
  • provide an opportunity to better understand your business and proactively support you in its growth and development

All public companies need an audit annually, and many private companies produce audited figures if they have external investors or want to attract new investment.

We will explain what you should expect from an audit and will plan ahead with you throughout the year to ensure the process is carried out smoothly, professionally and without stress!

We review your systems, processes, people and working practices and report on how these fit with your business objectives.  Where we identify areas of weakness or inefficiencies, we will discuss these issues with you and make practical recommendations for improvements.

We work with you to improve and make your business succeed with appropriate information and advice, designed to keep both you and your business informed and confident in the path you are forming.

Business Tax

Tax legislation and tax law is continually changing and evolving, which in turn can have a serious impact on your business – for better or for worse!  We at Abrams Ashton our renowned for our tax expertise and our ability to identify changes and developments in tax legislation to mitigate your tax exposure.  We proactively advise on changes and opportunities to ensure all tax reliefs are being claimed and review structures to ensure they remain tax efficient.

Our tax experts can advise all businesses on tax planning, transaction support and compliance. Our tax advice is bespoke to each individual client’s circumstances, but typically we will look at:

 

  • Start Up Options – If you’re starting a business, should you set up as a sole trader, a partnership, a limited liability partnership or a company? Do you need to register for VAT? We can advise on the best decision and will then review it where relevant.
  • Business Structure – If you’re a mature business, is your existing business structure the best one for tax purposes either now or in the future? We can identify the most tax efficient structure for your business.
  • Tax Efficient Rewards – What is the most tax efficient way to reward owners and key employees? There are many options to consider; we will discuss these with you to include calculations and commercial considerations.  We are also specialists on employee share option schemes that can provide very advantageous tax and commercial benefits.
  • Reducing Tax on Profits – we can advise on many ways to achieve this depending on your business make up including maximising capital allowances claims, research & development tax relief, patent box relief, capital gains tax planning, and much more.
  • Transactions and reorganisations – We are specialists in advising on the most tax efficient and commercial structures for company acquisitions, mergers, disposals and reorganisations. We have had enormous success in HMRC clearances to ensure transactions have HMRC approval beforehand, giving assurance on the best tax treatment.
  • VAT and Stamp Duty – We will advise on the VAT and Stamp Duty implications of transactions which could have a considerable impact on the deal.
  • Large companies – There are multiple tax issues specific to large companies and international groups that can have huge ramifications on the trade and nature of your business and decision making. We will advise on the relevant issues and help you plan your business dealings to take into account the relevant legislation and the best way to minimise tax enquiries into those areas.

Personal Tax

We aim to help our clients maximise their profitability and minimise their taxation exposure. We look to develop a relationship with you for the long term – we thus regularly review the progress of your business to give you timely and accurate advice to save you money!

We advise you on every aspect of your personal tax position, from dealing with your annual self-assessment Tax Return to providing our technical expertise on capital gains tax, wills and inheritance tax planning.

Our tax planning services for individuals include:

  • Income tax and capital gains tax planning
  • Pension planning
  • Succession planning and planning for exiting your business
  • Estate and inheritance tax planning

Give us a ring to see how we can help you with your compliance obligations and ensure you lawfully keep the most of what you make!

Tax Investigations

Our in-house tax specialists have a wealth of expertise in successfully dealing with the most complex and technically challenging HMRC investigations.  From challenges on tax planning structures to investigations on historical undisclosed liabilities, we are fully on your side to help you successfully come to a resolution on your tax investigation.

Worried about the accountancy fees of a tax investigation?

HMRC has powers to investigate income tax and corporation tax payers at RANDOM.

With the ever-increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it, as the amount of work involved is often substantial.

You can get cover for the following:

  • Self-assessment enquiries;
  • VAT enquiries;
  • PAYE and benefits enquiries;
  • IR35 enquiries.

Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.

We cannot prevent you from being investigated by the Taxman, but we can help to ensure that you get the best possible specialist support and advice without having to worry about the cost.

Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

Book Keeping

We help you make sure that the quality of your internal information is as good as it can be.  This will help you make good management decisions and reduce the stress of year end accounts production.

We offer two levels of support; either 1) we do your bookkeeping for you, or 2) we train your staff to do your bookkeeping in-house.

We do your bookkeeping for you:
 
Email/drop off your invoices, bank statements, etc. and we will then process these onto an accounting package to enable us then to prepare your:

  • management accounts,
  • VAT returns,
  • estimated tax liability calculations,
  • Key Performance Indicators and
  • End of Year Accounts.

There are various service levels which you can choose from, which we will price for you based on the scope of work involved.
 
We train your staff:
 

  • Where required, we can equip you with appropriate accounting software and train your staff to use it properly.
  • We will then monitor your controls and data on an agreed regular basis to ensure your bookkeeping is being done properly.
  • We will agree fixed daily rates with you and a timescale for upskilling or recruiting staff to make you self-sufficient in relation to your internal accounting needs.

Payroll Services

Your employees are your most important business asset and so getting their pay and tax right is fundamental to the ongoing success of your business!
Payroll is also getting more and more complicated with RTI, Auto Enrolment, complicated CIS rules, payrolled benefit in kind changes, etc. And getting it wrong can be a massive headache to put right, as well as a substantial expense with the huge penalties that can accrue due to mistakes.

Our expert payroll department deals with all aspects of your payroll requirements with no disruption to your business:
 

  • We will get your payrolls out on time without any aggravation or hassle, and comply with RTI
  • You don’t have to worry whether your in-house payroll person is unwell or on holiday
  • You don’t need to worry about keeping up to date with changing requirements in taxation, national insurance and employment legislation
  • We manage your year-end paperwork, your year-end reporting and we deal with the HMRC
  • We will pay directly into your employees’ bank accounts via BACS
  • We will maintain your Employee Records – amendments to tax codes, new starters, sickness diary, P45 details, payslip history, etc.
  • If you are a contractor under the Construction Industry Scheme (CIS), we will submit your returns for you
  • We can advise on the new pensions auto-enrolment implications and account for the contributions on your payroll
  • You can call on our expertise at any time to check procedural changes without worrying about this on a day-to-day basis.

Our payroll service team can provide you with a fully comprehensive confidential off-site payroll service, regardless of the number of employees.  We will take away the headache and stress of payroll and make sure your most important business assets, your people, are well looked after!

Tax Investigations

Our in-house tax specialists have a wealth of expertise in successfully dealing with the most complex and technically challenging HMRC investigations.  From challenges on tax planning structures to investigations on historical undisclosed liabilities, we are fully on your side to help you successfully come to a resolution on your tax investigation.

Worried about the accountancy fees of a tax investigation?

HMRC has powers to investigate income tax and corporation tax payers at RANDOM.

With the ever-increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it, as the amount of work involved is often substantial.

You can get cover for the following:

  • Self-assessment enquiries;
  • VAT enquiries;
  • PAYE and benefits enquiries;
  • IR35 enquiries.

Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.

We cannot prevent you from being investigated by the Taxman, but we can help to ensure that you get the best possible specialist support and advice without having to worry about the cost.

Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

Transactions/Company Reorganisations

Transactions are an opportunity – for faster growth, stronger capabilities and dramatic transformation. Consequently, they don’t occur too frequently during a business life cycle, but when they do they require specialist expertise and experience, especially as the sums involved are of significance. We help businesses execute successful transactions and create value through mergers, acquisitions, disposals and restructuring.

We provide a truly integrated transaction advisory and support offering to help you in the following areas:

  • Buying a business
  • Selling a business
  • Raising finance
  • Financial modelling
  • Development Finance
  • Strategic options
  • Management Buy Outs and Buy Ins

We will agree a fee with you for the work and assist at every stage to:

  • develop the right strategy before the transaction
  • identify issues and points of negotiation and value
  • implement change to deliver synergies and improvements after the deal

A big transaction can be one of the most important business decisions you make – we will help you make sure it is one of the best!

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