Bookkeeping Services

It is essential that all business, large and small keep accurate records for taxation and VAT purposes.

Many clients find that they do not have the time to manage increasing amounts of paperwork. In particular, the various nuances of VAT provide a constant headache.

At 1st Accounting Solutions, we have over 10 years experience of assisting clients to manage their book keeping and meet the VAT deadlines and obligations.

We can provide a service to meet every business requirement, and this service allows our clients to:

• Have access to up to date information on their business
• Free up time to grow the business
• Ensure the year end fees are minimised
• Calculate the VAT and ensure they are compliant with deadlines
• Access summaries of customer and supplier balances due, to assist cash flow

Our in-house book keeping and VAT return service provide an outsourcing solution to enable our clients to focus on running their business and creating profits and growth.

 

Payroll Services

Administering your own payroll can be time consuming and burdensome and diverts energy and resources from the core activities of your business.

This task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.

We have a dedicated team that will relieve you of all of these burdens and provide you with a comprehensive and confidential payroll service to your organisation.

This includes:

• You fax or email us your time sheets
• We will send your wage slips within 24 hours by email
• Administration of PAYE, NI contributions, SSP, SMP, P45, P46, P38 etc
• Completion of statutory forms including year end return (P35), P60, P11d to your employees and return submit to HM revenue
• Administration of incentive schemes, bonuses, and ex-gratia and termination payments
• Administration of pension schemes
• Fast and friendly service

Even if you have only a few employees, you will make savings by engaging us to administer you payroll.

 

CIS ( Construction Industry Scheme)

The introduction of the CIS has meant a vast increase in paperwork for a;; business using subcontractors, whose trade falls within its scope.

Our complete CIS service includes:

• Maintaining subcontractors records
• Verifying your subcontractors
•  Confirming the rate at which tax must de deducted from HM revenue
• Preparing the required statements either each time you pay your subcontractor or on a monthly basis
• Preparing and submitting end of month forms online and advising you of your payment obligations and their due dates to avoid any penalties
• Preparing and submission of end of year data

Self Assessment

Many of our clients entrust the timely completion of their Self-Assessment tax return to us to ensure they have one less thing to concern themselves with;

• Company Directors
• Self employed
• Partners & Partnerships
• Non-resident& non-domiciled taxpayers
• Individuals with Capital Gains
• Individuals with Rental Income
• Online filing

We work to exploit all tax saving opportunities whilst preparing your self-assessment tax return and also provide advice and tax planning solutions.

Do you have a question relating to your next self-assessment tax return? Need help in calculating your earnings and maximising your allowances? Whatever your requirement we will be happy to assist.  Give us a call or complete the enquiry form complete the quick enquiry form and we will aim to assist you within 1 business day.
Fees start from as little as £100 for online submission of self-assessment returns

 

Management Reporting

An important part of managing any business is obtaining reliable up to date information regarding the performance of the business. We can help you by preparing monthly, quarterly or annually management reports.

Whether it is for keeping an eye on the current state of the business, raising additional finance or considering future planning, our management reports consist of profit and loss, balance sheet, budgets and cash flow projections can help.

 

On-site Support

It is essential that all business, large and small, keep accurate records for taxation and VAT purpose. Every company must keeping proper documented accounting records for up to 6 years.

At 1st Accounting Solutions, offer an on-site bookkeeping service. Our qualified bookkeepers and accountants all have at least between 5-10 years experience in these disciplines and always work to the highest standards.

By using our bookkeeping services, you will not have to employ your own bookkeeper on an employment contract. One of the advantages of this is that you will never have concerns about covering this post in the event of holiday or sickness absences.

 

What are the On-site Bookkeeping Services 1st Accounting Solutions provide?

1st Accounting solutions are very flexible; you will have a dedicated bookkeeper assigned to you, who will attend your premises on a scheduled daily, weekly, fortnightly, monthly, quarterly basis, depending on the particular needs of your business.

We provide a complete bookkeeping solution that included returning your source documents to you filed and fully referenced to aid the future tracing of documents and to maintain a sound audit trial.

Bookkeeping can be done either at your company year-end during preparation of your accounts or can be performed on an on-going basis throughout the year. Fees for this service depend on the number of anticipated transactions.

Using our regular bookkeeping services means that we are also provide you with managements accounts on a monthly or quarterly basis if and when these are required.

Alternatively, should you wish to maintain control of your bookkeeping functions, we can assist you by putting in place a system that you will feel comfortable with and from which we can easily extract your year end data, to prepare your accounts by accountants.

Bookkeeping Service Includes:

• Bookkeeping
• VAT return
• Payroll
• Credit control
• CIS return
• Monthly management report

Company Formation

It’s a lot easier to form a limited company that it used to be. Companies House (http://www.companieshouse.gov.uk) now offer their own company formation service and can set up a company for you for as little as £18.  Understanding the law and your obligations as a director is a lot more complicated.

Here at 1st Accounting Solutions we are experienced at setting up and running limited companies. Our comprehensive company formation service guides you through the whole process. From choosing a name, deciding on a registered office, to your responsibilities as a director we can help you. For a fee of £100 plus VAT you'll get a new company.

We can also act as the registered office as well as deal with all the paperwork and annual returns required by Companies House. For more information;

 

Company Secretarial Services

We offer a full range of services, including the provision of a registered office. We can maintain the company’s statutory books, share certificates, register of directors and shareholders, help you drafting board minutes and resolutions etc.

Call us today on 020 7731 2600 or email us at info@1staccountingsolutions.com