Business Services
Find an accountant that understands your business…
Staying abreast of your bookkeeping, tax returns and HMRC payments is important, but so too is the performance and future prospects of your business. At Carrington Accountancy, we focus on supporting you as a business, not just another set of accounts. Our flexible business services are designed to take the stress out of managing your finances, with as much or as little support as you need.
Payroll and RTI reporting
Carrington Accountancy are the ideal partner if you are considering appointing an outsourced payroll service. We work with a wide variety of clients, both small and large and can offer an efficient and cost effective solution for your payroll and RTI needs. We will ensure that your payroll commitments are fully managed and that you comply with all HMRC legislation.
Carrington Accountancy are an established outsourced payroll service provider and we will ensure that the right service is provided for your individual needs.
If you would like to discuss how we can assist you with your payroll commitments then please call us on 0203 713 4530.
VAT Return preparation and submission
Carrington Accountancy offer a comprehensive VAT preparation and submission service. Compliance with VAT is complex and has become even more so since the Government changed the rules to the Flat Rate VAT scheme in the 2016 November Budget. Investigations by HMRC can be intense and it is now even more critical that VAT Returns are completed correctly and submitted by the deadline. There are significant penalties for late and inaccurate VAT returns.
Carrington’s VAT service includes a complete review of your bookkeeping – if there are any inaccuracies this will mean that your VAT figures will also be incorrect. We pay particular attention to ensuring that you are claiming for all the VAT your business has incurred, ensuring you pay as little VAT as possible to HMRC. Carrington Accountancy will also offer comprehensive advice as to which VAT scheme is the best for you or indeed if it is beneficial for your business to become VAT registered.
If you would like to know more, please contact Carrington Accountancy on 0203 713 4530.
Annual Accounts preparation and submission
Our accomplished team of accountants offer a full range of accountancy services in London and beyond. We’re not just here to take care of your annual accounts and self assessment preparation; we can also provide bookkeeping assistance, management accounts, and accountancy advice on issues such as factoring and invoice discounting.
We’re adept at dealing with larger companies, however we take pride in giving our smaller clients the attention and support they need. As small business accountants, we understand the challenges that your organisation faces as it evolves, and can help you get to grips with your liabilities, cash flow and more.
If you would like to know more, please contact Carrington Accountancy on 0203 713 4530.
Bookkeeping Service
Carrington Accountancy excels in offering bookkeeping and accounting services to our clients so that they can focus on their core business, safe in the knowledge that this important business procedure is well looked after. Our experienced team can provide bookkeeping services to clients of various sizes and locations and we will always endeavor to provide you with the highest level of customer care whilst delivering you an unrivalled service.
Unlike many accountants, we do not insist on your business using a particular software package. No ‘one size fits all’ and as such we prefer to use what suits your business rather than what suits our business. This means that we have experience dealing with different accounting software packages including Sage, Xero and Quickbooks amongst others.
We work hard to develop a long-term bookkeeping and accounting service relationship with our clients which is built on understanding, trust and respect. This ensures that we have a complete understanding of your business.
Our services include:
- Bookkeeping and maintenance of accounting records
- Preparation of regular management accounts
- Preparation and completion of VAT returns
- Preparation of budgets and forecasts
- Debt reconciliation and collection.
- Outsourcing service to handle clients’ accounting functions
To discuss what we can do for you and to obtain a quotation please call us on 0203 713 4530.
Management Accounts
Regular Management Accounts are the lifeblood of a well-run business. The information allows the business owner to make important informed decisions which often drive the business forward. The information can also show up weaknesses that may have gone unnoticed for some time.
Such weaknesses can be dealt with accordingly, heading off any negative impact on the business. Carrington’s Management Accounts service will provide regular and relevant statistical and financial information to the business owners. The service is tailored to your individual needs and can easily adapt as your business grows or changes.
To discuss what we can do for you and to obtain a quotation please call the Carrington Accountancy team on 0203 713 4530 .
Budgeting and Forecasting
Developing and implementing and strategic business plan can help ensure the future success of your business. Carrington Accountancy will work alongside you to help you develop a business plan that suits your needs.
By applying our knowledge and insight we will help optimize your business’s budget while also preparing the business for likely future expenditure. Carrington’s budgeting and forecasting service will help your organization gain a competitive advantage by planning out the road ahead.
To discuss what we can do for you and to obtain a quotation please call the Carrington Accountancy team on 0203 713 4530.
Remuneration planning
We have seen a sharp increase in clients using our remuneration planning service. This has mainly been prompted by the recent changes to the taxation of dividends and if you haven’t reviewed how you “reward” yourselves from your company, then you may be missing out.
With the significant reductions in Corporate Tax rates in recent years, coupled with the relaxations around pensions, this has in many cases changed the balance of how shareholder directors should best reward themselves from their businesses. It isn’t just about the old chestnut of “Dividends versus bonus”, albeit with Corporate Tax rates now at 20% and set to fall further, it has meant that in most cases dividends are far more tax efficient than paying bonuses.
Many businesses don’t take full advantage of paying dividends because their shareholding structure may not reflect how they want to distribute profits. Carrington Accountancy can advise on recategorising your shares to say A Ords, B Ords, C Ords etc, which rank identically in all respects, other than the fact that the Directors could decide to declare a dividend on one particular class, or to pay differing amounts on the various share classes and this has become a more prolific tax planning tool since the onset of the new dividend tax.
We also advise on paying the optimum salary level so you utilize your personal allowance and also if it is possible to employ other family member within the business so that their allowances and possibly lower tax bands can be fully utilized.
To discuss what we can do for you and to obtain a quotation please call the Carrington Accountancy team on 0203 713 4530.
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