SERVICES

Annual accounts form the basis of tax calculations for sole traders and partnerships and are a statutory requirement for Limited Liability Partnerships (LLPs) and Limited Companies. At TCC Accountants, we use our expertise and experience to prepare accounts in the appropriate format for your business, ensuring that you are compliant with all relevant legislation and accounting standards. We will also file these for you, in the required format, with HMRC or Companies House where required. We endeavour to ensure that all our clients understand their accounts and what they show, and we are always happy to answer any questions you may have.

Management accounts and cashflow forecasts are a vital, but often neglected, part of understanding your business finances. To make informed decisions for the future, you need timely and detailed information about profitability, trends, and changes to your finances, and an understanding of the potential impacts of the decisions and challenges you are facing.

At TCC Accountants, we pride ourselves on producing reports which are tailored to the needs of your business decision-making, and presented in a way which is meaningful and accessible to you, often using charts and graphics to convey the data in a more visual way.

The self assessment tax system can seem complex and daunting, and HMRC charge significant penalties for getting things wrong. At TCC Accountants, we use our years of study and experience to ensure that you are compliant with all the rules and regulations, while also taking advantage of any reliefs and allowances available to minimise your tax liability. We will help you to understand your tax liability, and advise you when and how this must be paid. We prepare tax returns for sole traders, partnerships (including LLPs) and limited companies, and ensure that these are filed within the required time limits.

We can also assist with tax planning, including for capital gains tax, allowing you to optimise your tax position while also remaining compliant with tax legislation.

Having a professional carry out your bookkeeping and look after your VAT for you will free up time that you can spend on other, more rewarding aspects of your business. It will also give you confidence that your figures on which your accounts and tax calculations are based will be accurate. At TCC Accountants we pride ourselves on our high standards of computerised record keeping, based on many years of experience. If required, we can use cloud software to maintain live records for you, updated at agreed intervals, so that you will always have access to the data you need to make decisions.

We can also assist you with preparing monthly payroll including the required submissions to HMRC, and advise you on related matters such as sick pay and holidays.

Having made the exciting decision to set up your own business, TCC Accountants can help you with the next steps. We can advise you on business structures and help you to decide which is the most appropriate for you based on your plans and aspirations. We will help you to complete the required registrations with HMRC and Companies House and advise you on the tax regime applicable to your chosen structure. Where required we are also happy to provide advice and guidance on bookkeeping, VAT, payroll and other aspects of business compliance and administration.

Through our other brand, The Curious Companions, we offer a wide range of services to help our clients to grow and develop their businesses. We can help you to review your strategy and plan for growth, formulate your vision, mission and values, develop your target markets, resolve leadership challenges, manage your people, and plan your marketing strategy, or we can simply be a "sounding-board" for ideas, challenges or worries. Visit our website The Curious Companions for more information.