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Our Services
Account
Like all accountancy practices, J.A. Kapasi & Co can prepare financial statements for sole traders, partnerships, limited companies, charities and other business institutions. We will also calculate their tax liabilities.
Accounts can be prepared for clients on an annual, quarterly or monthly basis. The frequency very much depending upon the needs of the business. Monthly and quarterly accounts do enable clients to monitor business performance.
Book keeping
Some businesses do this work themselves but often it is more sensible to have us do it for you, allowing you to get on with the important job of running and growing the business.
It can also help you to reduce your year-end accountancy costs, make VAT inspections less of a worry and also deal with any tax enquiries by making sure your book-keeping properly reflects the business’ transactions.
When we do the bookkeeping we can provide you with proper management information to help you run the business.
It also allows us to complete your VAT returns for you very easily.
We can alternatively provide you with training to allow you to keep your books yourself in the way most suitable to your business.
Payroll
A growing number of businesses outsource payroll service, recognizing that paying their staff is a complex and time-consuming non-core business activity. J.A. Kapasi & Co offers a highly accurate, timely and cost-effective payroll service for companies of all sizes, managing your entire payroll, PAYE related tasks and administration.
We have dedicated staff who can provide a comprehensive and confidential payroll service, including:
- Customised payslips.
- Administration of PAYE, national insurance, statutory sick pay and statutory maternity pay.
- Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue.
- Summaries and analyses of staff costs.
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments.
VAT Returns
Value Added Tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. In addition the complexity means that valuable in house resources could be deployed elsewhere in the business.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained Professional eye to ensure that you do not fall foul of the regulations and do not pay more VAT than you need to.
We can assist your business with the following aspects of VAT:
- Preparation of VAT Returns.
- Applying for VAT registration.
- Advice on the VAT schemes suitable to your business.
- VAT planning.
- Dealing with any contentious disputes that arise with Customs.
- Representation at VAT tribunals.
Tax Planning, Minimization, Refunds
We can help you reduce the cost of taxation by creating a tax saving strategy based on your personal and business circumstances, financial objectives and lifestyle priorities.
In today’s complex and compliance driven tax environment, the right financial planning can minimise your tax burden and maximise your wealth.
Your personal and business situation is unique. But by working together, we can build tax saving opportunities into your long term financial plans.
We have a dedicated team of niche tax specialists who can provide you with expert advice and tailored solutions in all areas of tax planning including:
Personal Tax Planning
- Tax Return preparation.
- Personal investment planning.
- Inheritance tax planning and family wealth protection.
- Property tax planning.
- Tax efficient earnings and benefits packages.
Business Tax Planning
- Low tax business structures.
- Employment issues.
- Family company succession planning.
- Investment company tax planning.
- Insurance to protect against fees for tax investigations.
- VAT compliance & planning.
- International tax planning.
New Business Startup, Company Information
Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business. Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner.
We can help you in the following areas:
- Deciding on the most suitable structure for your business - sole trader, partnership, or limited company.
- Preparing a business plan, cash flow projections, budgets, and trading forecasts.
- Assessing your finance requirements, advising on the best sources of finance, and drawing up the necessary proposals.
- Completing any registration procedures with Companies House and HMRC.
- Dealing with company secretarial issues.
- Setting up a recording system for your internal use and for complying with statutory requirements.
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