Services
Payroll
• Preparing monthly and weekly payroll including processing of statutory pension and year-end procedures.
• Producing payroll reconciliations on a weekly/monthly basis.
• Discussing tax calculations.
• Pensions administration and submission including auto enrolment.
• Real Time Information (RTI), Statutory payments processing (e.g. Sick Pay (SSP).
VAT
• Preparing quarterly VAT returns.
• Correcting errors to VAT returns.
• Advising on Making Tax Digital (MTD).
• Advising on VAT registration thresholds.
Bookkeeping
• Bank reconciliations.
• Making and maintaining accurate records of financial transactions and keeping the business up to date and compliant.
• Recording cash transactions.
Financial accounting and accounts preparation for sole traders and partnerships
• Preparing trial balance profit and loss and balance sheets for sole traders and partnerships.
• Discussing and explaining accounts with clients.
• Analysis of trial balance.
• Making accounting or financial adjustments.
Financial accounts and accounts preparation for statutory purposes
• Preparing accounts from a variety of sources, such as base records, bank statements or completed bookkeeping packages.
• Preparing statutory accounts from the company’s financial accounts at the end of the financial period.
• Keeping accounts accurate and up to date.
• Advising about and meeting deadlines for submissions.
• Filing of accounts to statutory bodies such as Companies House Management accounting.
• Preparing management accounts for the board/clients including prepayments, accruals and other journals.
• Performing variance analysis, making meaningful comments on variances, explaining large variances.
• Communicating management accounting information to a client
Personal Income Tax
• Completing and submitting personal tax returns.
• Discussing tax returns with clients and advising when and how payments should be made.
• Discussing and explaining coding notices with clients.
• Explaining the potential liabilities based on client income.
• Calculating tax liability from total relevant income after the deduction of relevant allowances and reliefs.
• Advising on tax rules and regulations
Business Income Tax
• Preparing accounts and calculating appropriate tax rates to calculate charges.
• Liaising with HMRC on a client’s behalf.
• Explaining principles of business tax with clients.
• Submitting income tax returns within imposed deadlines and complying with current legislation.
• Advising on tax payment amounts and deadlines.
Capital Gains Tax
• Calculating gains made on sale of assets and relevant tax charges.
• Advising on all valid reductions and reliefs and on how to utilise annual exemption to minimise Capital Gains Tax liability.
• Advising on when and how to report any Capital Gains Tax, such as property disposals Corporation Tax.
• Advising of payment amounts and deadlines.
• Completing and submitting Corporation Tax returns.
• Preparing Corporation Tax computations based on accounts produced.
• Advising on dis/allowable expenses, deductions and reliefs.
Inheritance Tax
• Calculating Inheritance tax due and advising on Inheritance tax planning.
• Advising client re information required to produce returns.
• Advising clients re the process and liabilities of Inheritance tax.
• Reviewing Inheritance tax returns due to HMRC.
• Demonstrating knowledge of Inheritance tax deadlines.
Company secretarial services
• Forming companies or other legal persons.
• Providing a registered office, business address, correspondence address, administrative address for a company, partnership, other legal person or arrangement.
• Arranging the incorporation (registration) of a business as a
limited company (or other legal persons) on Companies House.
• Identifying and recording the people who own or control the company (including persons with significant control) on Companies House.
• Advising on or arranging Corporation Tax registration on behalf of the client at the same time as registering with Companies House.
• Acting or arranging for another person to act as a director, secretary, partner, trustee, or nominee shareholder and ensuring all appointment details are filed correctly at Companies House.
• Preparing company updates and submitting them to Companies House on a client’s behalf.
• Preparing monthly and weekly payroll including processing of statutory pension and year-end procedures.
• Producing payroll reconciliations on a weekly/monthly basis.
• Discussing tax calculations.
• Pensions administration and submission including auto enrolment.
• Real Time Information (RTI), Statutory payments processing (e.g. Sick Pay (SSP).
VAT
• Preparing quarterly VAT returns.
• Correcting errors to VAT returns.
• Advising on Making Tax Digital (MTD).
• Advising on VAT registration thresholds.
Bookkeeping
• Bank reconciliations.
• Making and maintaining accurate records of financial transactions and keeping the business up to date and compliant.
• Recording cash transactions.
Financial accounting and accounts preparation for sole traders and partnerships
• Preparing trial balance profit and loss and balance sheets for sole traders and partnerships.
• Discussing and explaining accounts with clients.
• Analysis of trial balance.
• Making accounting or financial adjustments.
Financial accounts and accounts preparation for statutory purposes
• Preparing accounts from a variety of sources, such as base records, bank statements or completed bookkeeping packages.
• Preparing statutory accounts from the company’s financial accounts at the end of the financial period.
• Keeping accounts accurate and up to date.
• Advising about and meeting deadlines for submissions.
• Filing of accounts to statutory bodies such as Companies House Management accounting.
• Preparing management accounts for the board/clients including prepayments, accruals and other journals.
• Performing variance analysis, making meaningful comments on variances, explaining large variances.
• Communicating management accounting information to a client
Personal Income Tax
• Completing and submitting personal tax returns.
• Discussing tax returns with clients and advising when and how payments should be made.
• Discussing and explaining coding notices with clients.
• Explaining the potential liabilities based on client income.
• Calculating tax liability from total relevant income after the deduction of relevant allowances and reliefs.
• Advising on tax rules and regulations
Business Income Tax
• Preparing accounts and calculating appropriate tax rates to calculate charges.
• Liaising with HMRC on a client’s behalf.
• Explaining principles of business tax with clients.
• Submitting income tax returns within imposed deadlines and complying with current legislation.
• Advising on tax payment amounts and deadlines.
Capital Gains Tax
• Calculating gains made on sale of assets and relevant tax charges.
• Advising on all valid reductions and reliefs and on how to utilise annual exemption to minimise Capital Gains Tax liability.
• Advising on when and how to report any Capital Gains Tax, such as property disposals Corporation Tax.
• Advising of payment amounts and deadlines.
• Completing and submitting Corporation Tax returns.
• Preparing Corporation Tax computations based on accounts produced.
• Advising on dis/allowable expenses, deductions and reliefs.
Inheritance Tax
• Calculating Inheritance tax due and advising on Inheritance tax planning.
• Advising client re information required to produce returns.
• Advising clients re the process and liabilities of Inheritance tax.
• Reviewing Inheritance tax returns due to HMRC.
• Demonstrating knowledge of Inheritance tax deadlines.
Company secretarial services
• Forming companies or other legal persons.
• Providing a registered office, business address, correspondence address, administrative address for a company, partnership, other legal person or arrangement.
• Arranging the incorporation (registration) of a business as a
limited company (or other legal persons) on Companies House.
• Identifying and recording the people who own or control the company (including persons with significant control) on Companies House.
• Advising on or arranging Corporation Tax registration on behalf of the client at the same time as registering with Companies House.
• Acting or arranging for another person to act as a director, secretary, partner, trustee, or nominee shareholder and ensuring all appointment details are filed correctly at Companies House.
• Preparing company updates and submitting them to Companies House on a client’s behalf.
If you'd like to discuss any of the above services, we offer a free consultation. Email us at enquiries@monestaccounts.com - we'd be happy to hear from you.
