SANDALWOOD ACCOUNTANCY SERVICES
We are based in Bedfordshire and work with clients 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.
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 Individuals, 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.
All VAT-registered businesses must now 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.
MAKING TAX DIGITAL (MTD) for INCOME TAX
If you have self-employment or property rental income over £50,000 you are now required to start submitting digital quarterly summaries to HMRC from 6 April 2026. We can handle the set up and provide on-going support with this entire process, ensuring you stay compliant and confident with your numbers.
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