Bookkeeping is often of underestimated importance. Accurate and timely bookkeeping enables us as advisers to provide you with accurate financial information throughout the year. We can assist with your bookkeeping by providing assistance either from our own in-house experts, or by working with your bookkeeper or staff to ensure a high standard. Our bookkeeping services can include processing invoices, posting bank transactions, running payroll and completing VAT returns.

Management Accounts By producing regular management accounts you will ensure that your business growth is managed and controlled, enabling you to monitor key performance indicators, manage cash flow and control debt. In recent years management accounts have become even more vital to small businesses as banks and other institutions will insist on up to date figures before considering any funding requirements.

As well as producing your management accounts we will help you interpret the information and assist in improving profits and cash balances. Reports and management accounts can be customised to your requirements to include specific account analysis and key performance indicators so that exceptional items can be highlighted and explained. We will work with you to tailor and recommend the format of accounts that will benefit your business most.

Annual Accounts and Tax Returns Because we get involved at an early stage we are able to produce your year end accounts and tax returns speedily and efficiently following your year end. Completing your accounts promptly also means you have plenty of time to plan your tax liabilities into your cashflow.

As we are monitoring your figures regularly we are able to advise on arranging your affairs and transactions in a tax efficient manner, enabling you to keep more of your profits to reinvest in your business or to increase your own personal income.

VAT Compliance Value added tax is a complex tax regime - so much so that many businesses inadvertently underpay or overpay their VAT.

The scope of VAT is constantly changing due to the regulations, and subsequently the increasing demands of HM Revenue & Customs, call for a trained professional review to ensure that you do not inadvertently break the regulations.

We can provide you with an efficient service on the following:

  • VAT registration assistance.
  • Planning and administration of VAT.
  • Reviews to ensure that you use the most appropriate scheme.
  • Assistance with completing VAT returns.
  • Control and reconciliation of VAT.
  • Reclaims of VAT.
  • Imports/Exports, Third Country and EC trade.
  • Intrastat.
  • Government Contracted Out Services.
  • Liaising directly with HMRC in any disputes and representing you at local reviews, tribunal hearlings, civil and criminal investigations.

Customs We can assist the following:

  • Import/Export procedures.
  • Customs Tariff classifications.
  • Customs quotas.
  • Licencing.
  • Seizures and investigations.
  • Appeals.

HM Revenue & Customs Investigations Being the subject of an investigation by HM Revenue & Customs can be a stressful and worrying experience. We have a wealth of experience in dealing with HM Revenue & Customs civil and criminal investigations, whether they are enquiries into Imports/Exports, VAT, an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of a civil or criminal investigation, we can provide expert help and support.

Due Diligence It is good commercial practice for all businesses to carry out checks to establish the credibility and legitimacy of their supplies, customers, suppliers and employees. However, these checks will need to be more extensive in business sectors where there are greater commercial risks or vulnerability to fraud and other criminality.

We provide experienced investigators that can undertake these checks for you, helping reduce the risk that your business is exposed to.

© Copyright © 2013 Portcullis Solutions Limited. All rights reserved