Accountancy services & more
From our easily accessible offices in Prudhoe we provide accounting, tax, and advisory services as well as highly successful Sage training to clients throughout the North East. Our size and experience makes us big enough to serve large businesses and organisations with their accounting needs, yet small enough to provide the same quality of personal service to local owner-managed businesses and private individuals.
At Heritage Accountancy we aim to take the stress out of your financial reporting. We like to feel that we are approachable and welcoming and offer high quality but easy to understand advice. we provide a number of services to help ease some of the day to day stresses of running your business be it preparing the payroll, bookkeeping or VAT Returns.
BOOKKEEPING Maintaining an up to date record of what is happening in your business is the most essential step in being able to prepare accurate accounts and also to know how your business is performing at any time during the year. We are happy to complete the bookkeeping for your business on a regular basis or if you would prefer can we can provide you with training to enable you to do your own bookkeeping. This no-hassle approach allows you to comply with HMRC and Companies House requirements to keep accurate records as well as aiding your decision making by easily being able to prepare management accounts. If you want to find out more about our bookkeeping service or want advice on your own bookkeeping process please do not hesitate to contact us. VAT If your turnover exceeds £82,000 in a year you need to register for VAT, pay VAT to HMRC and file a return every quarter. Various schemes exist that may be beneficial to your business. We can advise on the right scheme for your business as well as either preparing your VAT returns for you or teaching you to do it yourself. PAYROLL With the introduction of Real Time Information (RTI) it has become more important than ever to pay your staff through PAYE and as from October 2014 it will become expensive to not report the payroll information to HMRC before the staff are paid as the penalties for late filing of RTI kicks in. We can ensure everything is done in a timely manner and make sure you know what to pay HMRC and when. CONSTRUCTION INDUSTRY SCHEME (CIS) In addition to our payroll service we can complete and submit your monthly CIS returns and also see if we can offset CIS suffered against your PAYE and NIC liabilities MONTHLY OR QUARTERLY MANAGEMENT ACCOUNTS We can provide regular snapshots of your business that ensure you know how your business is performing throughout the year so you are then able to manage that performance. Lenders often insist on regular, up to date management accounts as part of their agreement with you. ANNUAL ACCOUNTS PRODUCTION Whether you’re a sole trader, partnership or limited company, we will prepare and file your annual accounts with the appropriate bodies accurately, and in good time. We will take the time to explain your accounts to you so that you understand what is going on financially within your business. TAX RETURNS All businesses and their owners are required to submit tax returns. The constant stream of changes to tax legislation means not only that the returns are 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 self-assessment / Corporation Tax Return for you. We will do all the necessary computations, complete your return, and offer advice on how you can minimise your tax liability. We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a Tax return enquiry, act for you at any meetings. COMPANY SECRETARIAL Running a limited company brings with it a number of extra hoops to jump through that aren’t there as a sole trader, such as having to file an annual return as well as a set of accounts. We offer all of the following to any of our limited company clients: • Preparation and filing of all Companies House forms. • Maintenance and storage of statutory books. • We can act as registered address for your business. We also can form new companies for clients thinking about incorporating. BUSINESS PLANS.CASH-FLOW FORECASTNG Essential for new businesses or those looking to raise finance. These can form part of the management accounts package. And others such as Company Formation, Company Secretarial etc. If there’s else something you need, just ask! TAX INVESTIGATION PROTECTION (TIP) H M Revenue and Customs has the power to open an enquiry into any tax return or set of business accounts. No reasons need be given for opening enquiries and thousands are started every year at random. Being the subject of a tax investigation by HMRC can be a worrying experience. In the first instance you want peace of mind, knowing that from your relationship with us everything is in order. We get to know your business and the issues you face, so when you are being inspected we can tell you what to expect and prepare you for it. It will make the whole thing less stressful for you, and give you the time to run your business rather than deal with the paper work. At Heritage, we will liaise with HMRC on your behalf and provide expert help and support. So if you are subject to an enquiry, don’t panic – let us do the hard work for you! It is very important to note we can also make it considerably less expensive for you should an investigation arise. By joining our Tax Investigation Protection scheme, the vast majority or in most cases all of any fees incurred by us in defending your position would be covered by insurance. |
IndividualsPreparation and submission of Self-Assessment Tax Return
Sole TradersIncome and Expenditure Statements
Preparation and submission of Self-Assessment Tax Return Misc a) Annual Payroll for employees b) Review or preparation of VAT Bookkeeping 
PartnershipsPartnership Accounts to Year End
Partnership Tax Return 2 x Self-Assessment Tax Returns Misc: Extra Self Assessment Tax Returns Annual Payroll for employees Partnership Turnover 
Ltd CompaniesPreparation and submission of FS and CT600 (Corporation Tax Return)
1 x Director Self-Assessment Tax Return Annual Return Annual Payroll Misc: Management Accounts Preparation and submission of VAT Review of VAT Bookkeeping Company Secretarial Services 
Charities and Community Interest CompaniesPreparation and submission of FS and CT600 (Corporation Tax Return)
1 x Director Self-Assessment Tax Return Annual Return Annual Payroll Misc: Management Accounts Preparation and submission of VAT Review of VAT Bookkeeping Company Secretarial Services |
