Wormald and Partners

Digital Accounting

HMRC want most submissions to be electronic and we use various software solutions to keep track of your data and financial entries.

Making it simple and very efficient, we let the technology work for us. Between uploading data and final submissions, we advise on how best to present your data, allowing you to pay the right amount of tax, at the right time.

Feeding the numbers straight from your banking provider, we can upload, analyse and forecast where needed. Xero, Quickbooks and Sage, will give cloud based access to all your data.

Receipt Bank will keep a record of your receipts.

VAT submissions, returns and required quarterly inputs can be generated via the software, keeping the HMRC up to date and allowing us to work with you to use the data to keep your business on track.

Personal

Self assessment can be very time consuming and can get in the way of you running your business. You don’t want this to be submitted incorrectly either as the potential hassle is often worse than the return itself. Not to mention the fine thousands of individuals get each year for late filing.

Whether you are business owners, trustees, parents, investors or employees you are all individual people with unique backgrounds and interests.

Life often brings together circumstances where only experience and understanding can help to keep things manageable. Individuals look to us for straightforward advice that helps them make the most of their circumstances however complex they seem.

We make use of technology, make sure all allowances are utilised and the right amount of tax is paid.

We take of:-

  • Liaising with your bank, building society, stockbrokers
  • Calculating your tax liability and submitting your return
  • Advising you when payments are due and what to pay
  • Advising on what records to keep
  • Saving you tax
  • VAT returns
  • Inheritance tax planning
  • Capital Gains Tax mitigation

Start-Ups

Limited company, sole trader or Partnership? – what structure is best for you?

From the basics of business banking and setting up accounts with HMRC to payroll, bookkeeping and Making Tax Digital we look after you.

You’ll also benefit from our experience. We’ll help you see how to make the most of your funds, secure additional finance or structure the business to reduce risks in your first year and beyond.

At our initial meeting, you can ask all the questions you like – chances are there are going to be a few. Once we have an understanding of your plans and you are comfortable that we can add real value to your new venture we can talk about what happens next.

We take care of:–

  • Business Planning
  • Company Formation
  • Finance, Management
  • Paying Yourself
  • Structure
  • Tax
  • VAT Registration

Companies

Our clients benefit from our Business Health Check, an annual review that helps answer the big questions and ensure that you are well prepared for the months and years ahead.

We’re on hand to help. As businesses grows, effective tax planning becomes even more important and our services scale up accordingly.

Making use of technology, preparing management accounts, managing VAT, looking at structure and raising finance we are here to advise.

Whether you’re looking for a depth of experience to help you address the bigger business challenges or you’d like heavyweight accountancy service without the weighty price tag, we are here to help.

From a full audit to financing or mediation with banks, mergers and demergers, your business will be in safe hands. Alternatively, if you’re planning to restructure or have need of administrators and receivers we can recommend accordingly.

We take care of:-

  • Accounts Production,
  • Audit, Compliance,
  • Corporation Tax,
  • Financing
  • Management Accounts
  • Payroll
  • Restructuring
  • Strategic Planning
  • VAT

Bookkeeping

Our bookkeeping services help you with accounts payable, accounts receivable, auditing, preparing invoices, creating reports on taxes, expenditures, and cash flow.

We are happy to assist with the “traditional” ledger format, but most of our clients have moved to online software – Xero, Sage or Quickbooks.

We can discuss your exact requirements in more detail.