Accounting
Most small businesses are more concerned with cashflow rather than their profit and financial accounts.
Cashflow is vital to a business but financial accounts are needed to send to Companies House and HMRC.
Your financial accounts are also used by suppliers in determining credit facilities.
P&L can help you prepare the best possible financial accounts and explain them in an easy to understand way by offering the following services:
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Limited company accounts
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Sole trader and partnership accounts
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Charity accounts
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Submission of Accounts to Companies House
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Bookkeeping assistance
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Monthly or quarterly management accounts in a standard format, or format dictated by you
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Budget preparation and reporting
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Confirmation statement to Companies House
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Submission of other forms to Companies House
Tax
No one likes paying tax, but unfortunately it is a necessary evil!
At P&L we can prepare you tax return suggesting ways to reduce your tax bill.
We can assist with the following:
Companies
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Preparation of corporation tax returns and submission to HMRC (including iXBRL formatting)
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Suggesting ways to save tax
Sole Traders and Partnerships
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Personal tax returns and submission to HMRC
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Partnership tax returns and submission to HMRC
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Suggesting ways to save tax
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Capital gains tax computations and submissions
Individuals
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Personal tax returns and submission to HMRC
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Capital gains tax computations and submissions
VAT
VAT is a double burden, it is an administrative chore and a tax to pay.
Small businesses, in particular, can unknowingly fall foul of VAT rules.
P&L can offer their expertise and assist with your VAT needs with the following services:
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Monthly or quarterly VAT returns
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Submit VAT returns to HMRC
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VAT registration
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Advice on VAT schemes
Payroll
Payroll is an administrative burden that you have to comply with.
Let P&L prepare this for you to allow you to have more time to focus on your business.
We can do the following for you:
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Monthly processing of payroll including submitting RTI returns to HMRC
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Dealing with any queries from HMRC regarding payments of PAYE
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Producing payslips and sending them direct to employees
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P45s and P46s when necessary
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Year-end returns, to HMRC and P60’s for employees
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P11Ds or assistance with payrolling benefits through your payroll
Bookkeeping
Bookkeeping is a thankless and time-consuming task. Let P&L assist with this and free up more time to spend growing your business. We have no set procedures and will accommodate any workflow processes currently in place.
We will work in a way that works for you, not that benefits us.
We can assist with any of the following tasks:
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Preparing sales invoices and sending to customers
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Uploading purchase invoices and keeping digital copies of invoices
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Reconciling bank accounts
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Monthly or quarterly management accounts in a standard format, or format dictated by you
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Credit control function
Frequently asked questions
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