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Smith,
Hodge & Baxter - Our Services
Our
service offering, which is designed to help clients with the
"burden of red tape" and to achieve success in both
business and personal financial matters, includes:
Business
start-up
This
can be the most crucial moment in any business' life. Many
small businesses fall by the wayside in the first year.
We want you to focus on what you do best - building your business
- while we provide all the necessary background support. Our
aim with all start-up clients is to:
- Ensure
they satisfy all necessary rules and regulations and meet
all filing and reporting deadlines.
- Opt
for the trading vehicle that best suits their business (sole
trader, partnership, limited company or limited liability
partnership)
- Advise
and assist them in any funding requirements (grants, loans
etc)
- Advise
and assist in the keeping of good business records.
- Assist
them with any accounting software requirements.
- Assist
with any business plans, cash-flows and budgets.
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Company
formation and company secretarial
Running
a limited company can be fraught with time consuming compliance
issues. Smith, Hodge & Baxter offer a full secretarial
service including:
- Company
formation
- Registered
office address
- Advice
on your responsibilities under company law
- Filing
of all relevant documents including annual returns and accounts
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Statutory
limited company accounts and self assessment company tax returns
Having us prepare your annual accounts
has many benefits:
- You
receive an accurate picture of your true financial position
- We
have the opportunity to identify any potential areas of
weakness in your business and advise accordingly.
- You
have peace of mind in knowing that your accounts meet statutory
requirements.
- Confirmation
of the corporation tax liability and preparation of the
company self assessment tax return.
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Sole
trader and partnership accounts and self assessment tax returns
Sole
traders and partnerships need to produce accurate accounts
to assess performance and for taxation purposes. We will advise
on any potential areas of weakness in your business.
Self assessment can be a time consuming and confusing business
for busy individuals. It can also be costly with penalties
for missing deadlines. We aim to spare you all these headaches
by:
- Calculating
your tax liability
- Completing
and filing your tax return on your behalf
- Advising
you when various tax payments are due and how much to pay
- Introducing
you to any relevant tax saving ideas
- Representing
you in the event of your being selected for enquiry by the
Inland Revenue.
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Taxation
and personal financial planning
We
offer expert advice on all areas of business and personal
taxation. This will help you to minimise liabilities and gain
the maximum advantage from existing legislation in the following
areas:
- Capital
Gains Tax eg sale of shares, property or businesses
- Corporation
Tax eg how to minimise liabilities.
- Income
Tax eg furnished holiday lettings, the IR 35 issue, etc
- Inheritance
Tax eg how you can arrange your affairs to avoid paying
over £100,000 tax
- PAYE
and National Insurance eg how to minimise paying NI, golden
handshakes etc
- Value
Added Tax eg voluntary registration, the option to tax rentals,
etc
We are
able to advise on all aspects of personal financial planning
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Management
accounts
The
implications of short term financial strategy can be the difference
between success and failure for any smaller business. The
production of regular management accounts assists dramatically
in the decision making process.
Regular management accounts can help identify a business'
strengths, weaknesses and opportunities for improvement.
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Advice
regarding accounting software
We
have experience of a number of accounting software products
(accounts preparation, payroll etc). Finding the right product
can be a minefield. Implementing the wrong software is expensive
in time and resources. We can help you avoid these pitfalls.
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Outsourcing
Many
businesses want to focus resources on their core sales and
production activities by minimising the administrative burden.
To this process we are able to provide:
- A full
payroll bureau
- A VAT
return preparation service
- Assistance
with the preparation of monthly / quarterly management accounts
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