Business & Individual
We offer a wide range of cost effective accountancy services, available to businesses of all sizes, as well as individuals.
Limited Companies – Corporation tax is usually due nine months and one day after the company year end. We carry out all the necessary calculations, work out the best approach to claiming allowances and then complete the relevant filing submissions to HMRC. If your business is doing something innovative, you may be entitled to research and development tax credits; we can help you to make the appropriate claims and benefit from a reduced tax liability.
Sole Traders and Partnerships – Self Assessment tax is usually payable on 31st January and 31st July each year. We can help you with tax planning and claiming allowances in the most effective way to minimise your liability. We provide a detailed summary of payments due and how they are calculated, then file your tax returns with HMRC and handle any necessary communications with them.
We prepare annual accounts for all businesses, including Companies, Sole Traders and Partnerships. Most businesses need accounts to fulfil HMRC and Companies House requirements, but these are also a useful tool to help you review how your business is performing. We can explain in straightforward terms what the figures mean and their relevance to you. Ideally, we like to prepare accounts within a few months of the accounting year end which also means that you can benefit from up to date information to effectively keep track of your financial position.
Are you looking to start a new business or maybe require general advice on your current business operations? Guidance on which business structure will best suit your needs and ensuring that you have everything in place to meet HMRC requirements is crucial. Our knowledgeable team are familiar with all types of business structures and ideas – what works well and what doesn’t. Our second opinion can assist you with business planning and help you to look strategically at the specific issues you need to consider.
With all the activity of running a business, bookkeeping is often the most neglected task. But it is vital to maintain accurate financial records to be able to produce accounts and follow statutory regulations. Many clients prefer to outsource their bookkeeping to us to ensure that VAT returns are filed correctly and on time. Our service is flexible so that you can decide how much of the work we do for you.
Our experienced team can provide you with the confidence that your business fulfils all legal obligations, as we keep up to date with the relevant changes. Managing VAT effectively helps to keep you on track with HMRC. We can complete VAT returns for all businesses, review partial exemption and flat rate schemes, as well as offer advice on specific or more complex VAT issues.
Many businesses employ staff and need to operate payroll and workplace pension schemes; we can help with this. We offer a full service, carrying out the necessary calculations to let you know how much is due to employees, HM Revenue & Customs and workplace pension providers. We produce payslips and make the relevant RTI (real time information) submissions to HMRC and workplace pension providers to ensure that your obligations are met and penalties avoided.
Andrew Prentice Partnership
5 Market Place
To meet us in person, please see our full address and location. If you have business premises or a home office, we can arrange to visit you if you prefer.
“If you prefer a proper conversation about your business and tax affairs, Andrew Prentice Partnership may be for you.”