Select from the list of accounting services we offer:
All businesses have an obligation to prepare annual accounts to assess their tax liabilities, and companies have to file their annual accounts at Companies House.
23W prepare annual accounts for all sizes and types of company and can assist you whether you are a sole trader, partnership or a limited company.
23W also have experience of working with Charities and Community Interest Companies.
While you do not have to use an accountant to prepare your accounts, many people find it easier to leave this task to a professional, especially if you have a limited company and need to submit accounts in statutory format.
You should be aware that there are time limits for filing accounts – you need to adhere to them to avoid fines.
Self Assessment Tax Returns
23W can help with the completion of you self assessment tax return and business tax computations. We can also offer personal and business tax planning advice.
23W can help you structure your income and affairs to take maximum benefit of available allowances and tax rules.
We can ensure that you pay the correct amount at the correct time – many tax forms are subject to strict filing times, with penalties if deadlines are missed.
We can prepare your corporation tax self assessment forms and computations, advise on tax planning issues and dividend policies.
Businesses with an annual turnover of £67,000 or above need to register with HM Revenue & Customs to pay VAT (Value Added Tax). Even if your turnover is below the registration level it may still be beneficial to register for VAT.
As with other taxes, it is your responsibility to notify changes, and you may incur penalties if you do not. The most common mistake is failing to register for VAT.
There are a number of VAT schemes available to small businesses, and 23W can advise in respect of VAT registration and which scheme is most suitable for your business.
We can assist in the preparation of your VAT returns.
Advice can also be offered in respect of VAT issues specific to your industry.
Setting up accounting records for any business is vital, and this is something that 23W can advise on. To help manage your business day to day, it is essential that you have readily available, accurate information not only on your finances but also your customers.
23W can help you set up your accounting records using a suitable computer package. We can train you and your staff in the operation of the system appropriate to your needs.
If you would prefer not to maintain all your accounts yourself, then we can do it for you.
23W specialise in offering a management accounting solution to growing businesses who are not yet large enough to employ their own accountant in-house. We know that regular and accurate management information can allow the small and medium sized business to make good informed decisions quickly. We can work with your bookkeeper, or provide support and guidance to your staff, and prepare monthly or quarterly reports tailored to your needs.
We can run your payroll for you, prepare your monthly PAYE and NI remittances, P45s and deal with your tax year end obligations.
We have extensive experience in raising finance for growing businesses and encourage you to contact us for advice.
There are many ways of financing your business, and 23W can advise on areas such as term loans, overdraft facilities, invoice finance, HP, leasing, sell and lease back.
23W can assist with the preparation of business plans and forecasts that are part and parcel of applying for finance.
Selling your Business
This is known as corporate finance by the accountancy profession. Accountants who specialise in it can advise on buying and selling businesses, as well as raising large amounts of business finance.
Company owners approaching retirement who are planning to sell their business need to include this in their business strategy and plan this with their accountant.
Many accountants will operate a corporate finance department and can handle any sale for you or refer you on. Accountants can advise you how best to present or package your business to maximise the sale price.