Glossary of Terms

Annual Return – Submission to Companies House annually.

Basic Tax Planning Advice – Provide general advice on client tax-related matters.

Bookkeeping – Periodic collation of transactions (eg. Receipts, invoices, expenses including key reconciliations) Producing a Trial Balance.

CIS Accounting – Accounting for CIS sub-contractor taxes and filing relevant returns.

Company Tax Returns – Monthly payroll preparation, statutory submissions and payslip-ready payroll records.

Credit Control – Production of management of Aged Debtors listing including chasing up 3rd parties for payments.

Dedicated Client Accountant – A qualified accountant will be assigned to your account to tend to your enquiries.

HMRC Agent – Agent for the client and a constant liaison with HMRC.

Income Tax Planning Advice – Provide general advice on client tax-related matters.

Payroll Returns – Submission of periodic returns with HMRC (secure online facility).

Payroll Run – Monthly payroll preparation, statutory submissions and payslip-ready payroll records.

Quarterly Management Accounts – On a quarterly basis, provide a set of standard management accounts (can be tailored for an additional charge).

Regular Update & Proactive Advice on Trends and Projections – Appointed client accountant will review client position on an ongoing basis and provide proactive advice.

Sales Invoicing – Production of periodic sales invoices for clients (soft copies).

Self-Assessment – Preparation and submission of annual self-assessment return.

Statutory Accounts Preparation – Preparation of annual accounts for submission to Companies House.

Timely Deadline Notifications – Via email, SMS or telephone call.

Unlimited Advice and Support – Dedicated client account available during business hours to answer client queries.

VAT Computation and Returns – Preparation and submission of quarterly returns and/or VAT registration.