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ACCOUNTANCY		For all businesses it is essential that professional advice is taken to set up an effective accounting system in order to produce accurate statutory and management reports and to ensure that reporting deadlines required by tax and other authorities are met.
		We prepare annual accounts for all types of businesses including Limited Companies and guarantee a 30-day delivery of accounts. We work on a fixed fee basis so that you will always be advised in advance of our charges.
		We can also undertake the preparation of Monthly Management Accounts to provide effective controls and help interpret the information for the business owner. Please ask for a quotation by contacting the office or email: david@davidreid.biz.
PERSONAL TAXATION		Self Assessment Income Tax Returns
		Individuals receiving income other than from direct employment as an employee should complete a Self Assessment tax return every year.
		From 2008 paper returns issued by H M Revenue & Customs to individuals should be submitted by 30th October at the latest for the year to the previous 5th April.
		The services of a professional firm of Accountants can reduce the stress and confusion of these increasingly complex forms.
		H M Revenue and Customs impose automatic penalties for late filing of tax returns as well as interest charges for late payment of tax due. They will randomly investigate any person who has submitted a tax return, there are also penalties for failure to keep proper records.
		WE CAN:
		Prepare your tax return Calculate your tax payable or refund if appropriate File your return with H M Revenue & Customs Deal with HMRC on your behalf Give advice on ways to reduce tax payments
		We aim to provide an individual service. Please contact our office for or email: david@davidreid.biz.
TAX & NATIONAL INSURANCE PLANNING		We are a proactive firm of accountants who believe that Tax and NIC Planning is essential when dealing with small and medium sized business. We give advice on ways in which you can reduce these payments.
LIMITED COMPANY FORMATIONS		There are several points to consider when incorporating a limited company and we can provide advice and guidance on these matters. Should you decide to go ahead we can undertake the incorporation on your behalf and deal with the administration by maintaining statutory books, filing of returns and provision of a registered office address.
		In addition we can advise on most aspect of company law, such as issuing shares and the appointment or removal of directors.
		We also provide a guide to the official documents a limited company receives during the year from both HM Revenue & Customs and Companies House and the deadlines and penalties charged for late filing.
		The Registered Office
		This is the address to which all legal correspondence (but not trading items) of the Company is sent. It can be anywhere in England and Wales but to avoid delays it is important to ensure that all correspondence is dealt with promptly.
		Company Officers
		Under the provisions of the Companies Act 2006, private companies may now be formed by one person who becomes the Company Director. There is no requirement to have a Company Secretary, but the duties still remain.
		Annual Accounts
		Every limited company must submit accounts to Companies House within 9 months of the financial year end. Filing deadlines are strictly controlled and fines are levied on delayed or inaccurate accounts. Limited company accounts are structured along strictly defined lines, but we can help you meet these statutory requirements.
		Our Services
		Company formations Share transfers, or issue of additional shares Appointments and terminations of Directors and Company Secretary Filing of Companies House Annual Return either on paper or on-line Preparation of appropriate forms for submission to Companies House where changes are made to the statutory information Providing a Registered Office Accommodation address Maintaining Statutory Registers
		We aim to provide a service tailored to fit your exact requirements. For a free initial consultation, contact our office for or email: david@davidreid.biz.
BOOKKEEPING, PAYROLL SERVICES & CIS		We also provide clients with bookkeeping and payroll services for an agreed monthly fee. This can prove to be a cost effective way of running a business enabling you to cut overheads and remove employment burdens, allowing you to concentrate on what you do best - running your business and maximising profits.
		Our bookkeeping service is tailored to your requirements and we can provide you with essential information so that you know your financial position so that you know exactly where you are!
		The routine bookkeeping and payroll is carried out by our friendly and approachable staff who are happy to answer any queries or provide information that you require. We can also provide you with monthly, quarterly and or/annual reports showing the profit or loss to date and the current bank balances.
		For those clients wishing to do their own bookkeeping, complimentary bookkeeping software is available to all our clients.
		We are also members of the Sage Accountants Club and can provide assistance and training. Discounts on Sage products are available to our clients.
		Payroll Services
		Our payroll services are increasingly popular with many businesses seeking to ease the compliance and administrative burdens. Our service includes:-
		Monthly payroll Printed professional payslips Monthly Report of PAYE/NI due for payment to HMRC P45s for leavers P35 Employer End of Year Return, P14s, P60s PllD returns
		With payroll becoming increasingly complicated, we can remove this burden for you completely or give assistance with your own system as required. We can do everything from preparing payslips to the year-end procedures including P11D’s P60’s etc. We can also check the compliance of your payroll procedures if necessary to avoid problems or penalties at the year end.
		Construction Industry Scheme
		The new CIS regime that came into force on 6th April 2007 requires Contractors to submit monthly returns to HMRC; verify the employment status of their Sub-Contractors and supply them with monthly statements of payments and deductions. This has added considerably to the administrative burden for Contractors in the Construction Industry, as it is imperative to keep up to date with the paperwork. Failure to submit even a “Nil” return results in penalties.
		Our Services
		Verification of Sub-Contractors status Monthly on-line filing of return to HMRC Production of Sub-Contractor’s monthly statements. Provision of Self-Employed Sub-Contractor contracts
VAT RETURNS AND ADVICE		VAT is a transaction based tax that needs to be calculated correctly at the time the transaction occurs. Unlike other taxes, it is not possible to gather everything up at the year end to reach a satisfactory conclusion. If you do not ensure that the VAT treatment you apply is correct at the outset, you could be storing up problems.
		Completion of the quarterly VAT return can be an onerous task for any business. Different schemes demand different calculations. We offer a full service which ranges from the checking of your calculations to full preparation and completion of your VAT return from your records.
		VAT inspections can be stressful. We can arrange for VAT Inspectors to visit our office to look over your records.
		The merger of HM Customs & Excess and the Inland Revenue has seen a greater pursuit of underpaid VAT.
		We can provide advice on VAT registration ore de-registration, plus planning in situations involving property transactions and partial exemption.
TAX INVESTIGATIONS		Random investigations are now a matter of course with HM Revenue and Customs and range from a full scale enquiry into a Self Assessment tax return; an Employer Compliance Review to an enquiry into one particular aspect of a tax return. Anyone can be subjected to an investigation whether they have made misdeclarations or not. Investigations starting in one area can often move to other areas and usually require substantial amounts of a time by the proprietor. Therefore it is important to ensure that professional advice is sought as early as possible, as this can have significant benefits in terms of time, money and stress.
FEE PROTECTION INSURANCE		We offer Fee Protection Insurance in order to cover you against costs arising from an investigation by HM Revenue & Customs. Please contact us for further details.
PRE- & POST-RETIREMENT HELP		We offer help in dealing with the complex interactions of inheritance tax; capital gains tax; pensions; long-term care insurance and registered nurse care contribution.
INDEPENDENT FINANCIAL ADVICE		David Reid is an Independent Financial Adviser, Regulated by the Institute of chartered Accountants in England & Wales for a range of investment business activities. He is able to offer advice to clients on all aspects of financial planning and investments including Pensions, Mortgages, Pre & Post Retirement planning and Long Term Care.
... AND FROM CASHFLOW AND BUDGET FORECASTING TO GENERAL BUSINESS ADVICE.
MONTHLY TAX NEWSLETTER		Our FREE monthly tax newsletter is delivered to your email inbox at the beginning of each month. It contains news, facts and current information on all tax matters, together with a tax diary listing important deadlines for such things as PAYE/NIC, CIS and CT each month.
		Subscribe now by completing this form.

© 2009 David Reid Accountancy Ltd, Unit 4 The Bardfield Centre, Braintree Road, Great Bardfield, Braintree, Essex CM7 4SL (0800) 3891524

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