Services – EIL Accountancy Services

Self Assessment Tax Returns

The constant stream of changes to tax legislation means that not only are returns becoming even more difficult to understand, but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

We can save you a lot of time, worry and money by handling your tax return. We will calculate all the necessary computations, complete your return and even offer advice on how to minimise your tax liability.

Services include:

Performing all the necessary tax computations including trading income, property income and capital gains calculations.
Preparation of your self-assessment return
Calculation of your resulting tax liability
Obtaining and checking any tax refunds due
Reducing your payments on account as appropriate
Checking and amending PAYE codes as appropriate
Submission of returns to HMRC
Correspondence with HMRC on your behalf as required

Corporation Tax Returns

Corporation tax can be complex, with rules also constantly changing making it difficult to ensure returns are completed correctly and on time.

We can prepare all the necessary computations and schedules, complete and file the return and even offer advice on how to minimise the tax liability.

Services include:

Performing all the underlying computations
Preparation of supporting schedules
Completion of the company tax return form
Calculation of the resulting tax liability
Obtaining and checking any tax refunds due
Reducing payments on account as appropriate
Submission of return to HMRC
Correspondence with HMRC on behalf of the company as required

Sole Trader, Limited Company and Partnership Accounts

We can prepare high quality, timely and fully compliant accounts for limited companies, limited liability partnerships, partnerships, and sole traders.

In addition to fulfilling any statutory requirements and ensuring all deadlines are met, we will provide you with a clear explanation of your accounts and tax situation to ensure that you have a full understanding of the figures prepared for you. We can also highlight areas where the tax liability can be reduced, and business performance improved.

Services include:

Preparation of statutory and non-statutory year end accounts
Companies house submissions
Corporation tax return calculation and submission
Advice on Sole Trader vs Limited Company: the differences / which is best for you
VAT: registering / calculating / submitting
Profit and Loss / Balance Sheet / Cash flow analysis
Accounting software advice

Property Accounts

Property tax laws are constantly changing. We can provide a range of tax and accounting services to help ensure you remain compliant while also minimising tax liabilities.

Services include:

Property accounts preparation for tax return purposes
Revenue vs Capital expense categorisation
Calculation of capital gains tax and any reliefs available
Assisting non-resident landords (NRL)
Annual tax on enveloped dwellings (ATED) return completion and filing

How we work

We will begin by discussing your specific requirements and financial situation with you.

We will then work to provide the appropriate service, assistance and advice to ensure all your tax returns, accounts and other requirements are completed on timely basis and fully in compliance with statutory regulations.

We will also ensure that you get all the outputs, reports and any detailed analysis that you require, and in a suitable format.

We can work around you, meeting at a location and time which suits you best.

Software and Systems used

We have experience in working with a wide range of systems, including all the most popular desktop and cloud based providers.

We can also provide advice on the best solution to suit your new or growing business if required.

Get in touch...

Call, or email us using the contact details provided today to find out any more information about any of our services, or to arrange a free meeting to discuss your situation at your convenience.

Additional Resources and Legal Information

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RESOURCES AND LEGAL