Services We offer | Hodson Lewis | Accountancy

SERVICES WE OFFER

We offer a full management accounting service using the latest Sage software and state of the art technology to process your business records and to deliver to you all the key management information essential to you to profitably run your business. We have recently invested in the latest technology and can now either remotely access your Sage records held on your computer, or alternatively we can maintain your records on our Sage programme and allow you access to these records, at any time. Read below for a detailed view of the areas in which we can assist you:

Business accounts

We can prepare all types of accounts, from small sole trader businesses, to larger enterprises such as, partnerships and companies.

Management accounts

You may not consider that management accounts are necessary, but in these difficult and challenging economic times, it can be useful to review how your results are going, in an affordable way. Because we have the technology to link up to your accounting system, we are able to access your bookkeeping system remotely and provide you with management accounts, for an affordable fee.

Forecasting

From time to time you may need profit and cash flow forecasts for your business.

Statutory accounts

All company accounts are required to be prepared in what we call a ‘statutory’ format. This means that the accounts have to be presented in a set way and disclosure of certain key information must be included. We have a great deal of experience in this field and can offer you an efficient and cost effective service.

Payroll service

We also offer a Payroll service tailored to your particular needs. We can take over your payroll completely, and prepare weekly and/or monthly wage calculations and all end of year returns, including P11Ds, so taking the strain off your shoulders. If you prefer, you can complete the weekly and/or monthly calculations whilst we take care of all end of year returns.

We think you will be surprised by how cost-effective our payroll service can be.

Personal tax returns

We have a wealth of experience in the preparation of personal tax returns, providing you with the assurance that you are paying the correct amount of tax and no more, and your chance of a Revenue and Customs investigation are minimised. We can complete the very basic return, through to the more complex returns with many forms of income.

We will advise you of any tax liability you may have and the due dates of payment.

Corporate tax returns

A company is required to file an annual corporation tax return. We can complete this on your behalf and advise you of the company’s tax liability.

VAT returns

We can prepare your VAT returns, usually as part of our bookkeeping service, and advise you of the VAT due to be paid or refunded. We have all the experience necessary to ensure that we claim the correct amount of VAT thus protecting you from penalties which Revenue and Customs can impose on incorrect returns.

Inheritance tax planning

Many people these days worry about how much inheritance tax will be paid before their estate is passed on to their loved ones. We can carry out a thorough review of your financial situation and prepare a report of our recommendations.

Sage advice and processing

Company set up

If you are considering setting up your own limited company we can get everything sorted for you within 24 hours.

Revenue and Customs Investigations

No-one wants to go through the stress of a Revenue investigation into their tax affairs, but we can offer you the advice and support you need. We have experience in how to deal with the Inspector’s demands for information and can advise you of your legal position. We also offer a Tax Investigation insurance, so should you be unlucky enough to be picked for a full investigation, you are covered for our fees to deal with the Revenue.

Remuneration planning

There will be times when you will need to plan the most tax efficient ways of paying both your self and your employees. We can help you make the right decisions.

Company reorganisations

Businesses grow and times change and sometimes you will want to restructure your business to make it more profitable so that it can move forward in the future. We have the necessary experience to guide you through any major business reorganisations you may need to make.

Retirement planning

When you have put a lot of years and effort into your business you will want to pass the business on to either your family or sell to someone else in the most tax efficient way. We can advise you every step of the way to enjoying a well deserved retirement.