02Services
Five services for small businesses.
From the yearly tax return to the monthly payroll, Marsh Lane Accountants looks after the regular accounting work that sole traders and limited companies need, on a fixed monthly fee.
The services in detail
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01
Your annual Self Assessment tax return prepared and filed with HMRC. Your income and allowable expenses are set out properly, so you know what tax is due and when it needs paying.
- Preparing your Self Assessment tax return
- Working out the Income Tax and National Insurance due
- Filing the return online with HMRC
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02
Your accounts for the year, prepared from your records. For limited companies that means the statutory accounts filed at Companies House and the figures HMRC needs. For sole traders it means a clear set of year end figures behind your tax return.
- Annual accounts prepared from your records
- Filing at Companies House for limited companies
- Year end figures ready for your tax return
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03
Keeping your records up to date through the year. Sales, purchases and bank transactions recorded and reconciled, so your figures are in order when VAT returns and year end come round.
- Recording sales, purchases and expenses
- Reconciling your bank accounts
- Records kept ready for VAT returns and year end
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04
VAT returns prepared and submitted to HMRC under Making Tax Digital. The VAT on your sales and purchases is checked against your records before the return goes in.
- Preparing your VAT return
- Checking VAT on sales and purchases
- Submitting to HMRC through Making Tax Digital
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05
Running payroll for your employees and company directors, with payslips and the regular reporting HMRC expects from every employer.
- Payslips for staff and directors
- Real Time Information reporting to HMRC
- Year end payroll figures
A quick guide by type of business.
Every business is different, but this is where most sole traders and limited companies start. If you are unsure, get in touch and talk it through.
| If you are | Services that usually apply |
|---|---|
| A sole trader | Self assessment and bookkeeping, plus VAT returns if you are VAT registered and payroll if you employ anyone. |
| A limited company | Year end accounts, bookkeeping and payroll for directors and staff, plus VAT returns if the company is VAT registered. Directors often need a self assessment return too. |
| Not sure yet | Tell Marsh Lane Accountants how your business is set up and what you need, and ask which services fit. |