General Services

Year end accounts
Accounts are prepared from your accounting records in accordance with accounting standards and not only show the results for a financial year but also form the basis of information included in self assessment tax returns for sole traders, partners and limited companies. It is therefore essential that the accounts are prepared in good time to allow you to budget for future tax liabilities. Your accounts can also be required in connection with mortgage applications or business loans.

Partnership or Company Tax Returns
Businesses that operate as a partnership, including limited liability partnership (LLP), or a limited company are required to submit a tax return each year. For companies, this includes a computation of corporation tax payable and electronic submission of all relevant paperwork in the format required by HM Revenue & Customs. Our software allows us to carry out what can be a complicated set of submissions.

VAT Returns
Businesses may be required to be registered for value added tax (VAT) or may choose to do so voluntarily. We can advise on all aspects of VAT and can prepare and submit your returns on your behalf.

Payroll
If you already have employees or are considering employing someone for the first time, we can advise on your obligations as an employer. Employers have responsibilities to ensure employee payments are made after the correct deduction of tax and national insurance contribtions and, since the introduction of Real Time Information (RTI), must also make sure payments are reported properly and at the right time to HM Revenue & Customs.

Bookkeeping
Good bookkeeping procedures are an important part of any business, no matter how big or small the business may be, for accounts and VAT return purposes. We can advise on the best bookkeeping systems or we can do it for you, leaving you free to get concentrate on your business.

General Services for Individuals

Self Assessment Tax Returns
If you are in business as a sole trader, partner or company director then you will need to complete a personal self assessment tax return each year. Other individuals may also need to file a return. We can complete and file the return on your behalf and advise on payments or repayments due.

Rental Property Accounts
If you have a property from which you receive a rental income, you will be required to make a return via self assessment to HM Revenue & Customs. We can get you registered, complete and submit the return on your behalf.

 

ICAEW

A member firm of the Institute of Chartered Accountants
in England & Wales

Contact Us

For a free initial consultation, get in touch with us to arrange
an appointment to discuss your personal or business requirements.

Call us :
01665 606130
email us :
info@smithstax.co.uk


Visit us :
Smiths Accountants & Tax Advisers
5C Linnet Court
Cawledge Business Park
Alnwick
Northumberland
NE66 2GD

 

About us


Our team deals with the day to day financial tasks that you would expect from your accountant, but there is more to us than that because we work hard to build up good working relationships so we can understand your business or personal finances properly.

This can be from day one if you are thinking about a new business venture or by quickly getting up to speed for a more established business.

For your business, we go about our work quietly behind the scenes and with minimum fuss. We care about doing a good job and that makes us an important member of your team, leaving you free to concentrate on running your business. Take a look at our "more about us" page to find out more.

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General Services


General services, sometimes called compliance services, means doing the things that need to be done at the right time so that you or your business does not miss any deadlines for filing paperwork.

Where paperwork or returns are not filed on time with authorities such as HM Revenue & Customs and Companies House, financial penalties can quickly mount up and grow in to a real problem.

Take a look at our general services page to see what we can do for you or your business.

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Additional Services


As well as the very important general services that we offer to businesses and individuals that ensure compliance with paperwork filing, we can offer so much more.

We make sure we understand you and your business and that puts us in an ideal position to offer ideas, planning strategy and advice designed to maximise profits and minimise taxes.

Take a look at our additional services page to see what extra services we can offer you or your business.

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