What we do...

We aim to provide you with up-to-date solutions in a complex and fast-moving business environment.

We will respond quickly to your immediate needs, but will also provide on-going advice which can help you to grow your business. You can then concentrate on your core business activities in the safe knowledge that you are meeting all financial compliance requirements along the way.

Book-Keeping

Management Accounts

Payroll

Accounts & Business support

Tax Advice

Auto-enrolment

Tax Investigations

A tax investigation can be a stressful and expensive experience. We have expertise in dealing with Inland Revenue and Customs enquiries and investigations from a simple enquiry into a PAYE matter through to the more serious investigations by the Special Compliance Office (SCO).

Auto-enrolment

What is it?

The government has introduced legislation with the aim of making people save more for their retirement through an automatic enrolment scheme their work place will provide. It requires all UK employers to auto-enrol eligible workers into an employer pension scheme whereby they must also contribute. Failure to comply with this new legislation will incur fines and penalties for the company. The workplace pensions came into force back in 2012 for larger corporations and from 2015 onwards for smaller businesses.

Who does it apply to?

Your workforce will fall into one of three categories;

  1. Eligible job holders
  2. None-eligible job holders
  3. Entitled workers

It is important to pre access your employees and understand the category into which they fit. The main criteria for eligibility are;

  • They are aged between 22 and State Pension age
  • They earn more than £10,000 a year
  • They work in the UK

When is it?

It is essential that you understand when you need to implement the pension scheme in your business. You’ll have what’s known as a ‘staging date’, this is issued to each and every individual company. Our advice is to start preparing for the automatic enrolment scheme 6-9 months ahead of your staging date.

If you don’t yet know when your staging date is, contact us today and we can find this out for you!

What’s next?

Once you have found out your staging date – You must inform the Pensions Regulator who will be responsible for managing your auto-enrolment process by nominating a contact, this is usually your accountancy firm. The nominated contact will then receive all updates, correspondence and the crucial information from the regulator in order to process this correctly.

For further information or to find out how we can help your business please call 01384 271 858 or get in touch via our contact form.

Tax Advice

Tax affects all of us and knowing what to pay and when is not always straight forward. Our tax advisors and accountants are here to ensure you understand all of the issues that can surround tax and guide you through the process.

Expert Tax Advisors

Paying less tax and maximising the wealth you have created is important when you work as hard as you do. At Advanced, our tax advisors can assist you in reducing your tax liabilities, maximising your wealth and easing the administrative burden of tax compliance.

We do things differently, not all accountancy practices look at tax issues from the business owner’s point of view, or consider how money can be efficiently extracted from that business to benefit you. Our specialised tax advisors will work with you to understand your objectives and provide comprehensive tax planning to suit these objectives and maximise profits available for distribution.

Advanced Accountancy’s tax advisors and accountants provide you with practical advice you need, and this teamed with our years of experience and knowledge means you are in good hands.  Our team has close ties with HM Revenue and Customs, so we are always on top of our game and up to date with the latest developments and legislation.

Let our expert tax advisors assist you with:

For further information or to find out how we can help your business please call 01384 271 858 or get in touch via our contact form.

Inheritance Tax

When you work as hard as you do, it is essential that the wealth created benefits not only you but those you would wish to pass it on to. Planning for the future is essential to avoid significant Inheritance Tax liabilities. Our tax advisers can assist you with this planning, either as part of an overall tax planning strategy, or purely to help you plan how to pass on your wealth.

Capital Gains Tax

Disposal of assets can result in significant tax charges; charges which may be reduced with effective pre-transaction planning.  Our tax advisers can assist you in this planning and advise you on options to minimise your exposure.

Contact our tax advisers, who will work with you to review your business and determine its position, enabling you to plan ahead with confidence.

VAT

VAT legislation is complex but affects all businesses.  The financial penalties can be high due to non-compliance and it is yet another administrative burden on your business.  Our VAT specialists can assist with compliance issues, and help minimise liabilities and penalties in the event of a VAT Investigation.

Our services include:

  • VAT Registration and De-Registration
  • Assistance with VAT Return Completion
  • VAT Control and Reconciliation
  • Advice on the most appropriate scheme
  • Negotiation with HM Revenue & Customs and representation at First Tier Tribunals

Corporate Tax

Comprehensive tax planning and tax advice are important to any business’ success.  Making the increasingly complicated tax legislation work for your business can be an unnecessary constraint on management time.  Our tax advisers can work with you to ensure your tax liability is kept to a minimum.

Our tax advisers can assist and advice you on:

  • Corporation Tax Returns and Computations
  • Tax Efficient Remuneration
  • Company Reorganisations
  • Succession Planning
  • Exit Strategies

Personal Tax

When you work as hard as you do, it is essential that the wealth created benefits you. You want to ensure that you are not paying too much of that back in tax so a review of your personal tax affairs is a must. Our tax experts can help you with this, along with providing strategic tax planning advice to help you make the most of the opportunities within the current tax system.

Self-Assessment

Self-Assessment regulations ensure it is the taxpayer’s responsibility to complete and submit an Income Tax Return and settle resulting tax liabilities by the due dates.  Failure to do this will result in automatic penalties and accruing interest.

Our tax advisors can assist you at every stage: from collating the required information to assisting you with completion and submitting the Tax Return on your behalf.  We can advise you on tax repayments calculate future tax liabilities and check Notices of Coding.

Tax Returns

Tax affects all of us and knowing what to pay and when is not always straight forward. Our tax advisors and accountants are here to ensure you understand all of the issues that can surround tax and guide you through the process.

Expert Tax Advisors

Paying less tax and maximising the wealth you have created is important when you work as hard as you do. At Advanced, our tax advisors can assist you in reducing your tax liabilities, maximising your wealth and easing the administrative burden of tax compliance.

We do things differently, not all accountancy practices look at tax issues from the business owner’s point of view, or consider how money can be efficiently extracted from that business to benefit you. Our specialised tax advisors will work with you to understand your objectives and provide comprehensive tax planning to suit these objectives and maximise profits available for distribution.

Advanced Accountancy’s tax advisors and accountants provide you with practical advice you need, and this teamed with our years of experience and knowledge means you are in good hands.  Our team has close ties with HM Revenue and Customs, so we are always on top of our game and up to date with the latest developments and legislation.

Let our expert tax advisors assist you with:

V.A.T.

V.A.T. inspection and compliance with additional help and support if needed.

V.A.T. preperation and online submittions.

Accounts & Business support

We offer you a team of reliable, commercial and experienced business advisers who understand the challenges you and your business face. We will discuss your strategic vision and suggest the best ways we can help. We offer a broad range of plans for you to choose from, all of which can be fine-tuned to deliver maximum benefit, even if all you want is a set of Year End Accounts and a simple Tax Assessment. The best way to decide what you need is to call us and fix up a meeting; no amount of text on a website beats a face-to-face meeting for understanding what we're all about.

For further information on our Accountants or to find out how we can help your business please call 01384 271 858 or get in touch via our contact form.

Book-Keeping

We can relieve you and your business of a significant burden by taking care of all your bookkeeping needs. No two clients’ needs are the same - we tailor our approach to your requirements.

Besides the core bookkeeping, we can also maintain your VAT records, prepare your payroll and take on ad hoc projects to free up valuable time for you and your staff.

We believe that our high level of IT expertise delivers efficiency and helps our clients to set-up their accounting systems to be effective and useful.

We can:

​​​​​​​For further information or to find out how we can help your business please call 01384 271 858 or get in touch via our contact form.

Payroll

How can we assist?

Payroll is one of the key factors of your organisation. All aspects of running your business are vital but to your workforce getting paid correctly and on time is crucial and goes a long way towards building confidence and commitment within their role. It goes without saying it is one of the areas of business you want to get right!

From keeping employees happy to dealing with HMRC, Advanced Accountancy realise what a burden and worry payroll is. Our highly experienced staff deal directly and closely with HMRC on a daily basis and have the knowledge of how best to approach queries from them. We work closely with you to ensure your payroll is calculated and issued to you in a timely manner, and in a way that is advantageous to you.

Outsourcing your payroll to us proves beneficial in many ways and as part of our bespoke service you can enjoy many benefits from simple explanations to how PAYE works if it completely new to you to assistance with the more complex areas of Auto Enrolment. Take the stress out of payroll by outsourcing to us today leaving you with time to concentrate on growing your business.

What our Payroll Services include:

  • Access to your own payroll advisors with more than one key point of contact for your payroll at our office
  • Payroll software which is up kept up to date to cater for important aspects such as Real Time Reporting and Auto Enrolment
  • Initial set up of a payroll scheme & provision of starter and leaver documents
  • Calculation of tax, NIC, student loan, statutory payments, deductions from earnings, salary sacrifice, pension deductions and other relevant payments and deductions including tax code changes
  • Submission of all Real Time Information reports
  • Providing you with amounts due to HMRC, detailing payment deadlines
  • Employment Allowance application and calculation
  • Directors National Insurance calculations and deferments
  • Provision of schedules summarising the breakdown of payments per employee/department and company totals during the tax period.
  • Provision of payslips and P60’s to suit your needs. Individual PDFs/secure online storage are just some of our options.
  • Assistance with P11D, PSA and Dispensations
  • Providing you with links to HR and employment law advice if required
  • Access to our Independent Financial Advisor who can give you early advice to help plan for Auto-enrolment

For further information or to find out how we can help your business please call 01384 271 858 or get in touch via our contact form.

Management Accounts

Setting up your own accounts department can be expensive, but monitoring and controlling financial performance is of paramount importance and regular management information is vital to the continued success of your business.

This is where we come in – our team can prepare management accounts on a timetable and at a cost tailored to your requirements.

Management accounts help clients to make fundamental commercial decisions on issues such as funding, risk minimisation and performance improvement. In addition, a direct financial benefit of the process can be the timely identification of unclaimed VAT, supplier overpayments and pre-year-end tax planning opportunities.

We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits or to help your business grow.

For further information or to find out how we can help your business please call 01384 271 858 or get in touch via our contact form.