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If you would like more information or would like to ask us a question then call us on 0044 (0)20 8390 6991. To send us a question online click here.
 Compliance Services
Every business has financial administration obligations – not exciting stuff, but our team will relieve you of this burden. We ensure that accounts, statutory books and company secretarial records are kept up to date and that everything is in the right format, in the right place, at the right time, including:
- Annual accounts preparation – ensuring they are up to date and presented on time.
- Statutory audits, where required – we are Registered Auditors.
- Company secretarial services – preparation and filing of forms, minutes, annual returns.
- Tax returns – for individuals and companies.
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 Business Support
Working together with your business knowledge, our support services can improve your business’s efficiency and profitability.
- Management accounts and reporting
- Provision of regular, accurate management accounts on which to base better decisions.
- Payroll
- We provide a full computerised payroll service including monthly payroll runs, year end returns, payment of salaries, advice on payment of payroll taxes, employee benefits, national insurance and other issues to ensure full compliance in an increasingly complicated area.
- Bookkeeping
- We provide a full bookkeeping service for clients using a simple and easily understood accounting package. As an additional service, we can also work with our clients to produce documentation (for example, sales invoices) and provide other accounting services, as required – for example, making payments, banking of receipts.
- Value added tax (VAT) returns, compliance and advice
- We can advise you on whether VAT registration is advisable or essential, and help you with that process. As part of our bookkeeping service, we ensure that your business accounts for its VAT correctly. We prepare the VAT returns and ensure that they are submitted on time together with any required payment. If you choose to do it yourself, we are always on hand to help and advise you.
- Budgets, business plans and forecasts
- Working with our clients, we can provide budgets, business plans and forecasts to help you start up, run and develop your business.
- Raising finance
- We can provide assistance with obtaining funds from banks or other lenders, e.g. hire purchase or leasing.
- HR advice and compliance (personnel/staff issues)
- This is an increasingly important and complex area for small businesses for which we can provide a wide range of advice, systems and services.
- Professional fees protection and advice lines
- Clients are eligible to be members of our CCH TaxSure Scheme. This is a fees protection policy so that if they have an enquiry from the various authorities (e.g. tax or VAT), the professional fees in most cases should be covered by the policy. Also, it gives them access to free helplines on various business subjects (including personnel, health & safety) and access to experts to advise the company if it faces any problems with ‘the authorities’.
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 Taxation
We will help you to understand the tax implications of your actions and plan ahead in the most tax efficient way and ensure that you pay the minimum tax required by law.
Corporation tax services
- Self assessment
- The legal responsibility for correctly calculating tax falls on business owners. We prepare the business’s tax calculations and returns efficiently and at the right time so that we remove from you the administrative hassle of complying with your obligations. We also advice you as early as possible of the tax liabilities and payment dates so that you can plan for these accordingly.
- Planning
- Our systems will enable us to offer advice for the most effective tax planning to minimise tax liabilities and improve the bottom line.
Personal Tax (including sole traders and partnerships)
- Self assessment
- With our expertise and software we can remove the headache of filling in forms by completing tax returns, calculating tax liability and advising on payment schedules.
- Tax planning
- To optimise your tax situation our team can offer advice of all aspects of personal taxation – including planning and reviewing a will, transfer of funds between family members, transferring property, planning inheritance tax, capital gains tax, benefits in kind and employee pay.
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 Business Start-Up
When starting up a new enterprise, most people have a limited knowledge of the financial and legal aspects of running a business. At Richard Morgan and Company, we have the experience and expertise to develop your ideas into a functioning business reality. You can rely on us to guide you in the financial planning of your business and through the jungle of compliance.
Ways that we can help include:
- Structuring the business - advising on a suitable structure for your business – sole trader, partnership, limited liability partnership or limited company.
- Company formation and business registration – incorporation of your limited company, completion of all the statutory procedures, company secretarial work and registration with the various tax authorities (e.g. for business taxes, payroll taxes and VAT).
- Financial planning – preparation of a business plan, cash flow projections, budgets and trading forecasts necessary for securing funds and planning the way forward.
- Advice on financing a new business – assessment of finance required and advice on the best sources of finance.
- Securing start-up funds – assist in establishing a good working relationship with a bank and other professional advisers, and help in the preparation of financial plans for securing financial backing. Advice on and assistance with opening a business bank account.
- Development of management information systems – setting up your accounting and other reporting and operational systems.
- Other advice – The above list is not exhaustive. Basically, we do whatever we can to help and support our clients using our own expertise or that of colleagues and specialists with whom we work closely. Over the years, this has included advice on purchasing computer equipment, software and cars, recruitment, staff benefits, managing an apartment, finding property, negotiating lease terms…….. Anything is possible!
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 Investment and Pensions
We are able to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales (ICAEW). We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide and we can also arrange introductions to appropriate specialists.
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