Accountancy Services

Year End Accounts

Running a successful company involves a huge amount of responsibility and requires a greater level of accounts keeping than any other business type. It is mandatory that all limited companies submit their accounts annually to HMRC and Companies House. These must meet the existing requirements and follow all the applicable accounting standards.

TGKS Accountancy can assist your business and ensure your accounts meet all the requirements and produce your annual accounts in a cost effective and timely manner. Most importantly, we can help you meet the strict deadlines and avoid any penalties.

We assist with producing the following:

•   income statement
•   balance sheet
•   profit and loss statement
•   cash flow statement

Self-assessment Tax Returns

TGKS Accountancy can assist your business by providing practical advice on personal tax requirements and planning. HMRC have increased the penalties for failing to file a tax return on time and for making errors.

We can assist with the correct completion of your tax return, calculate tax liabilities, and advise you on exactly when to make payments and how much tax you will be required pay.

Corporation Tax Returns

Corporation tax liability is the legal responsibility the falls on business owners. The tax is imposed on the net income of a company and it’s mandatory for all companies to file a corporation tax return to HMRC each year to calculate how much is owed.

This can be a time-consuming task for any business and its owners. TGKS Accountancy can assist businesses prepare their corporation tax returns in a timely and efficient manner.

We can assist with the following:

•   The preparation of your corporation tax computations and tax returns and ensuring that they are submitted to HMRC on time.
•   A review of your business to ensure that all reliefs are maximised to minimise your corporate tax liabilities.
•   Advising on the most tax efficient methods of profit and cash extraction from your company.
•   Corporation tax advice regarding reorganisations and changes to your business.
•   Advice on how to keep your tax costs to a minimum.

Payroll

Managing a payroll can be a problematic task for any business. It can be a struggle to process a high volume of data accurately and on time. It can be equally challenging to comply with HMRC’s ever-changing rules and regulations including the requirements for real-time information on or before the date of payment to the employee.

To help your business administer payroll, TGKS Accountancy can assist with the following:

•   Compliance with legislation relating to auto enrolment including processing pension assessments, contributions, and payments to pension providers
•   Calculating your PAYE, NI, statutory sick pay, statutory maternity pay, etc
•   Analyses and summaries of staff costs and deductions
•   Administration of pension scheme deductions
•   Processing of bonuses, termination payments and ex-gratia payments
•   Advising on and dealing with any benefits in kind 
•   Preparation of customised payslips
•   Preparation of all statutory forms, including end of year returns to be filed with HMRC and forms for your employees

Bookkeeping

TGKS Accountancy can assist your business with all your general bookkeeping requirements, either at your premises or ours. We provide bookkeeping services to a variety of businesses including:

•   Implementing bookkeeping software
•   Providing specific training to you and your staff
•   Processing and keeping your records up to date on a basis that is suitable to you
•   Providing ad hoc, holiday and staff sickness cover, for when you need it most
•   Preparing regular management accounts reports based on the bookkeeping information
•   Preparing and submitting VAT returns direct to HMRC
•   Ensuring compliance is adhered to in every aspect

VAT

HMRC continually update their regulations which can make VAT compliance a challenging administrative task. TGKS Accountancy can assist your business by ensuring that it complies with the regulations and that overpayments are avoided.
To help you manage VAT we provide an efficient, cost-effective VAT service, which includes:

•   Assistance with VAT registration
•   Advice on VAT planning and administration
•   Use of the most appropriate scheme
•   VAT control and reconciliation
•   Help with completing VAT returns
•   Planning to minimise future problems with HMRC
•   Negotiating with HMRC in disputes and representing you at VAT tribunals if necessary
•   Help with HMRC investigations and enquiries