SERVICES WE OFFER
BOOK KEEPING AND VAT RETURNS
We have expertise in a number of accounting packages including Sage, Iris Kashflow, Xero and Quickbooks and can provide clients licences to enable them to input their own data directly whilst providing us with the means to log in online to check entries and compilation of the VAT returns prior to submission. We also have spreadsheet conversion software that will allow data compiled by clients on that format to be submitted to HMRC following the Making Tax Digital initiative. For other clients we can review their data on site on their own system prior to returns being submitted. Where clients do not wish to do their own book-keeping we have suitably trained staff who will compile their data at our office and submit returns on their behalf.
We complete Annual accounts for Sole Traders, Partnerships, Limited Companies and some Charities across Barnstaple and North Devon. We are able to analyse accounts to determine key features, trends and provide recommendations. We also have a wealth of experience both from years in industry and commerce but also amongst our diverse client base in many different business sectors that enables us to provide financial information and constructive advice in many situations.
The company completes Bi Weekly and Monthly Payrolls on behalf of over 50 clients across Barnstaple and North Devon and also does a number of “director only” payrolls for clients who do not have employees other than themselves. Our payroll service is run through industry leading software “Iris Payroll” and this links into clients Auto Enrolment Pension schemes so that we are able to support that requirement where it exists.
LCA completes personal tax returns for clients ranging from simple returns with a few income sources to more complex returns incorporating partnership profits, property rental income, share portfolios, capital gains, capital disposals, foreign earnings and a whole range of other incomes or allowances.
BUSINESS TAXATION FOR SOLE TRADERS
With many of our clients being sole traders we have a wealth of experience in the field of business taxation.
Many businesses suit a partnership structure and this can be a simple partnership or an LLP. In either case we have the resources and expertise available to produce the required returns and integrate these into the relevant personal tax submissions.
Many clients own limited companies and we can advise on the taxation and other strategic benefits of operating a business though a separate legal entity. Regimes for corporation tax and personal tax change over the years with successive governments and we can advise on current best practice. We have a great deal of knowledge and expertise in the field of Corporation Tax.
BUSINESS ADVICE THROUGH DEVON FINANCE DIRECTOR
Evaluation of business performance, future business strategy, liaising with banks and other finance institutions, assistance with production of management accounts, non-exec FD appointments, locum FD work, assignment or project-based work, retained work for on-going monitoring, continual improvement.