ACCOUNTANCY

All businesses, organisations and individuals are required to keep proper accounting records.  Proper accounting records ensure that you comply with the Business Records requirements of HM Revenue & Customs and help you control your business.

Book-keeping

Our bookkeeping service is provided on an “as little or as much as you need” basis. We can write up your books on a regular basis or provide a monthly check on existing book-keeping systems. Either approach can be linked to the preparation of VAT returns, management accounts or year end accounts and tax returns.

Management accounts

To run a successful business it is essential to monitor profit and cash flow on a regular basis. Regular monitoring will ensure that any corrective action necessary can be identified and undertaken in a timely manner. We can produce management accounts on a monthly or quarterly basis in a number of styles and formats. We can analyse the figures for you, identify key trends and produce recommendations as to how you can improve the efficiency of your business in terms of profit and growth.

Year end accounts

Limited companies are required by law to produce accounts in a statutory format for filing at Companies House and in an iXBRL format at HMRC as supporting documentation to corporation tax returns. We produce both full and abbreviated financial statements.

Taxation

Taxation can be a complex, time consuming and often costly area for individuals and businesses alike. Strict deadlines and rules apply to all areas of taxation and failure to deliver the correct information on time can result in severe penalties and interest costs. Our taxation service will efficiently help you not only meet your taxation obligations on time but also proactively minimise your taxation liabilities.

Our taxation services cover a number of different taxes including corporation tax, income tax, VAT and PAYE.

But TRACY NEWMAN is not just about accounting and taxation we also provide…

  • business start-up planning and advice | business plans, cash flow projections, budgets and trading forecasts
  • setting up of financial systems and controls | review of financial controls and procedure
  • training on Sage and QuickBooks

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