¦ New Start Up ¦
Businesses that plan for success and monitor their performance are much more likely to survive than those who rush ahead blindly. We can help you plan advise and develop your business in its key stages of initial development.
- Initial consultation for up to 1 hour FREE.
- Develop and assess your business plan
- Assist in opening a Business Bank Account
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¦ Book Keeping ¦
We at Daawie & Mitha Accountants can take away the burden of ensuring your financial records are kept up to date. This is to ensure you are free to run your business.
- Advise you on an appropriate book keeping system.
- Process all your sales and purchase invoices, bank payments and receipts and undertake bank reconciliation.
- Maintain your sales ledger and purchase ledger system, enabling you to manage your cash flow position.
- Process the data to produce managements information and accounts, to help identify problem areas.
- Prepare weekly or monthly wages.
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¦ Value Added Tax ¦
At Daawie & Mitha Accountants, we can prepare your Vat returns and ensure they are submitted on time.
- Under take a review of your Vat records.
- Advise on Vat issues and problems.
- Liaise with Customs & Excise.
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¦ Management Accounts ¦
We will regularly review and prepare monthly / quarterly accounts and management information.
- Assess actual results compared to budgets to see how you are doing and to highlight problem areas.
- Key financial indicators and graphical and visual presentations to help see and assist in interpreting financial information.
- To help forecast based on ongoing management figures the projected profits and levels of personal / corporate tax liabilities.
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¦ End of Year Accounts ¦
Daawie & Mitha Accountants prepare accounts for Sole Traders, Partnership, Charities and Company accounts.
- Produce accounts to help complete personal / partnership tax returns.
- Produce statutory accounts which meet the statutory requirements for disclosure, as well as filing them with Companies House.
- Assist in interpreting the accounts and carry out a review with budgeted and past results.
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¦ Self Assessment ¦ (Non Corporate)
- To Prepare and submit Personal, trust and partnership tax returns on time.
- Calculate your tax liability.
- Advise you on the due dates of payments.
- Liaise with the Inland Revenue on your behalf.
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¦ Self Assessment ¦ (Corporate)
- Preparing and submitting of Corporation tax returns.
- Preparation of tax computations.
- Advise the company on the tax due and payments date.
- Preparing relevant tax forms relating to Benefits in Kind, including P11D(b), P9(d).
- Liasing with and dealing with Inland Revenue enquiries.
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¦ Tax Planning ¦
At Daawie & Mitha our aim is to minimise the tax charges by providing solutions to tax planning problems. We offer an initial FREE ONE HOUR consultation meeting to discuss and help identify possible tax saving opportunities.
- How to structure your business to take advantage of lower rates of corporate tax.
- How to incorporate and dis-incorporate your business in the most tax efficient way.
- We can advise you on the setting up of family trust, assist in the making of tax efficient wills.
- Perform a review of Inheritance tax and produce a report highlighting problem areas and suggest solutions.
- Extraction of funds from the company by a combination of salaries, dividends as well as other payments to minimise personal and corporate tax.
- Regularly review and take action to ensure the capital gain tax business asset taper relief which would reduce the taxable capital gain to a quarter is preserved.
- We can assist in the buying or selling of business, identifying issues, and advice on the way in which to structure the transaction to maximise tax breaks.
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¦ Payroll ¦
Daawie & Mitha also provides a full payroll and PAYE services. Weather you have one employee or hundred we can manage your companies full payroll services. Please contact our partners to discuss your requirements.
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In order to discuss your requirements further please contact either Yusuf Daawie or Haroon Mitha on 01924 488588 or email info@daawiemitha.co.uk
