SANDALWOOD ACCOUNTANCY SERVICES
We are based in Bedfordshire and work with clients throughout the UK utilisng cloud accounting solutions and communication tools to provide maximum efficiency in our service to you.
MANAGEMENT ACCOUNTS
Unlike Statutory Accounts, management accounts are not a legal requirement. Producing management accounts is however an excellent practice for any growing business to gain a clear snapshot of its business performance at timely intervals.
We can provide management accounts to keep you on top of your business. Our packages, produced via XERO, can include:
• Sales performance & analysis
• Financial statements (profit & loss, balance sheet, cashflow statements)
• Customer and supplier analysis
• Cashflow analysis
ANNUAL ACCOUNTS
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All Limited Companies, are required to prepare Statutory Accounts, also referred to as Year End Accounts, plus Corporation Tax Return annually for Companies House and HMRC. Using XERO we will produce and complete your business Statutory Accounts and Tax Return then submit both directly to Companies and HMRC to ensure your business remain fully compliant.
SELF ASSESSEMENT TAX
For Owner Managed Entrepreneurs & Sole Traders we can advise on all accountancy aspects of running your own business, helping you get set up through to completing and submitting your Year End Tax Return via XERO to ensure you are fully compliant with HMRC.
CORPORATION TAX
UK Limited Companies are required to pay corporation tax on profits, we use XERO to ensure your accounts are prepared and submitted to HMRC on time to meet your business legal obligations.
VAT RETURNS
If your business is VAT registered business or is seeking registration, we can handle all your VAT commitments, completing and submitting quarterly returns and ensuring you are fully compliant with HMRC.
From April 2022, all VAT-registered businesses must follow the Making Tax Digital (MTD) rules. MTD rules require all records be kept digitally and for VAT returns to be submitted to HMRC via MTD-compatible software. XERO is MTD-compliant and HMRC-recognised.
CONFIRMATION STATEMENT
All companies must file an annual confirmation statement to Companies House. This confirms the information held about your business including directors names, share holding, person of significant control and registered business address. We can handle all business information updates and ensure your confirmation statement is filed on time.
BOOKKEEPING
All businesses are required to keep accurate financial records. Using XERO we can provide and tailor a clear process to ensure you know exactly how your business is performing at any time to ensure compliance plus help simplify and support key business decisions.
BUSINESS ADVISORY
You will have a vision as to where you see your business in 5 or 10+ years. We can help shape your plans and work with you to keep you on track. As time goes on, and the business landscape changes we are here to help you make the necessary adjustments to hit your business and personal goals.
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