Running Your Business
Would you like to have more time to make your business more profitable?
By allowing us to manage your bookkeeping and/or payroll function you will be free to focus on the challenge of running your business.
We offer a bookkeeping service both on and offsite, tailored to your requirements. This includes keeping the records of your payments and receipts up to date, maintaining VAT records and giving you the ability to monitor your business performance at any time.
It’s like having your own, permanent in-house accountant.
Just a few of the benefits of letting us take care of your bookkeeping requirements:
- You will always have access to an up-to-date position of business performance
- We can provide a current estimation of future tax liabilities at any stage
- Prompt completion of year end accounts
- Records neatly filed and organised
- Meet all filing deadlines
- Experienced individuals processing your records
- Timely and proactive advice from us regarding any potential tax savings you could make
- We can visit you at your premises so you do not need to forward your records to us
For those clients who prefer to maintain their own bookkeeping in-house, we can provide additional support. We are members of the Sage Accountants Club and can provide Sage training. We can provide bespoke excel spreadsheets if you prefer.
We can provide bespoke excel spreadsheets free of charge for smaller businesses which don’t have the need for a full accounting system.
So what if preparing your payroll each week or month was as simple as this:
Step 1: Write down the hours or gross pay for each employee.
Step 2: Fax or email the details.
No software to buy, no knowledge required of PAYE, NI, Statutory payments, Pension deductions or National Minimum Wage.
We will complete all calculations, provide you with the summary of the payroll, give you details of the net pay to be paid to each employee and advise you of the monthly amount to be paid to HMRC.
VAT can be a complex issue for many businesses. We can provide an efficient and cost effective VAT service which includes:
*Completion and submission of VAT returns
*Advice on VAT schemes which could save you money
*Providing organised records so VAT inspections can be dealt with easily
*Negotiation with HMRC regarding VAT settlements
All business require accounts to be prepared for each accounting period. If you are a private limited company, statutory accounts need to be submitted to Companies House within 9 months of the year end. These accounts must be prepared under Companies Act 2006 accounting standards requirements.
If you are not a limited company you will still need to prepare accounts (albeit not in a statutory format) for the purpose of completing your self assessment tax return
Jenner & Co. have a team of experienced staff who can prepare your accounts from your accounting records, in an efficient and timely manner.
At Jenner & Co. we take a proactive approach to preparing your accounts. We will make you aware of any problems we perceive in your business and any possible tax savings you can make. Indeed, when we are involved in bookkeeping from the outset we can provide you with this information sooner and save you tax before it’s too late. We can also give you an idea of your likely tax liability so that there are no nasty surprises at the end of the year.
Jenner & Co. offer a range of tax services for individuals, partnerships and limited companies.
We will prepare and submit corporation tax returns on your behalf on completion of year end accounts. We will advise you on the payments and due dates and we will assist you with any corporation tax enquiry should you have one.
Employers End of Year Returns
At the end of each tax year each employer must provide an end of year return online to HMRC. This is a summary of payments made to employees along with the amount of Tax and NI deductions made. A return is required even if your only employee is you, the director.
You also need to complete a return of expenses and benefits provided to your employee during the tax year (P11D and P11D(b)). Tax and NICs may be due on these.
Even if these are just reimbursement of expenses incurred in the course of employment they will need to be reported to HMRC.
We can prepare all these forms on your behalf and calculate any additional tax and NI liability.
If your business has been selected by HMRC for a tax enquiry or investigation we can help to resolve it as quickly and smoothly as possible. We have a wealth of experience in negotiating with HM Revenue & Customs on behalf of clients.
Construction industry Scheme
All contractors registered under the CIS scheme must submit monthly CIS returns to HMRC showing the amounts paid in the month to subcontractors and the amounts of tax deducted. Contractors are obliged to verify all subcontractors with HMRC before paying them, to ensure they deduct the correct amount of tax. We can verify subcontractors and submit your monthly returns on your behalf, taking away the worry of missing deadlines.