We help businesses to comply with their legal and statutory obligations to HMRC and Companies House (if you have a limited company). These are often the things that people try and put off!
Whether you are a sole trader or a limited company, we can prepare your year-end accounts.
For limited companies, these will be in the statutory format required for submission to Companies House. We will submit either abbreviated or full accounts, as appropriate for your company, to Companies House, on your behalf. (There is no extra charge for producing abbreviated accounts. Most eligible companies opt to file abbreviated accounts with Companies House. This is because the accounts are available for public viewing/download)
For sole traders, there are no statutory requirements and they are not published publicly. The format will facilitate your self-assessment tax return and give you helpful information to see how your business has done over the year.
We can complete your personal self-assessment tax return (SA100) and your company’s corporation tax return (CT600) if you trade through a limited company and submit them to HMRC on your behalf.
We don’t do complicated, white-knuckle tax avoidance schemes. We do offer sound, realistic tax advice and tax planning that enables you to sleep at night.
There are many different VAT schemes that you may be able to register for, depending on your circumstances.
For example, apart from standard accounting, there is the cash accounting scheme, several different retail schemes, flat rate scheme, margin/secondhand goods scheme, annual and monthly accounting, to name a few. There’s even a special VAT scheme for gold! Some (but not all) of these options may be combined subject to HMRC rules.
It’s all too easy to make a mistake with VAT and the penalties HMRC impose for getting it wrong can be very costly.
If you’d rather not spend time worrying about VAT rules…
Figurate Ltd can complete your VAT returns under your chosen VAT scheme. This can be done as part of any bookkeeping tasks, or by itself from your own bookkeeping records.
Got a VAT Inspection?
A visit from the VAT man does nothing for your stress levels, even when there are no problems with your records. We can also help you to prepare for a VAT visit (inspection) and be present during the visit itself if desired.
At Figurate Ltd, we can undertake your weekly, fortnightly, 4-weekly or monthly payroll (or any other pay frequency you require). We can also do an annual directors payroll (either one annual payment or 12 equal payments).
You will receive a report showing what to pay to your employees and to pay to HMRC for PAYE & NIC, and a complete breakdown of gross pay, deductions and net pay.
Payslips can be emailed as pdfs or posted to employees. They can even have your logo on them if you can supply it in a suitable format.
During the year, we will comply with your RTI obligations as appropriate, for new employees and those who leave employment. We’ll submit these online to HMRC on your behalf.
For those employers who require it, we can also produce and submit P11ds (for Expenses & Benefits) for employees and company directors.