Welcome to Practical Accountants - Our Services


Bookkeeping

If you don’t have the staff to record transactions then we can provide bookkeeping service. For large businesses our staff can work from your premises and for those clients that prefer the task to be taken away completely, leaving them free to get on with running their business we can visit our clients at agreed intervals to access the information required. The bookkeeping work is then taken away and input from our place.

Payroll

Payroll is a difficult process to operate, as it requires detailed systems and legal knowledge. Choosing to outsource your payroll, however, can bring immediate and significant savings

We can provide a full payroll service, maintaining your compliance with all current legislation. Whether you have 2 or 100 employees we can run your monthly payroll. Leavers and new starters are processed within the quoted price and your payroll will be filed online with HM Revenue & Customs (HMRC) at the year end. If you are a new business, we'll even register you as an employer with HMRC.

Management accounts

It's important for all businesses to know how they are performing at any given point in time. Management accounts help provide a complete overview, we offer a package management accounts that covers the three areas; management reporting, budgeting and cash flow forecast. We can prepare these for you whether it is for internal management use or presentation to the bank.

VAT

We can handle all your calculations and reporting so that you remain compliant with legislation.

Year end accounts

If we maintain your books and accounts throughout the year, it makes sense for us to complete your year end accounts. Alternatively, you can maintain your bookkeeping and use our Accountants to prepare your year end accounts with all tax calculations. Your finished accounts are then filed online with HMRC and Companies House on your behalf.

Self assessments

If you're self-employed you will need to register with HMRC, they will then send you a letter telling you to file your self assessment tax return online every year in April. This relates to the previous tax year, from 6 April to the following 5 April.

We can register you with HMRC, then every year prepare and file self assessment returns online with HMRC on your behalf. However, we ask you to keep records so that we can fill in your tax return fully and accurately.

Company Formation

If you are thinking of forming a limited company, we can guide you step by step and help you set it up successfully.