Our Services

At Backup Accounts Ltd, we pride ourselves on providing top-notch services to all of our clients. These services include the following:

SMALL COMPANY ACCOUNTS

Statutory Accounts Preparation

We prepare annual financial statements in accordance with accounting standards (e.g. FRS 102), ensuring compliance with
current regulations. Our team files annual accounts with Companies House, handling all necessary paperwork and meeting all deadlines. We also provide insights into your financial performance and position, helping you understand and improve your business finances.

Corporate Taxation

Our corporate taxation services include calculating and filing submitting corporation tax returns, ensuring accurate reporting and compliance with HMRC. We advise on tax-efficient strategies for small companies, helping you optimise your tax position, and assist with claiming tax reliefs and incentives to benefit from available opportunities.

VAT SERVICES

VAT Registrations & Returns

We offer comprehensive assistance with VAT registration, guiding you through the process to ensure all necessary paperwork is completed accurately. Our team handles the preparation and submission of VAT returns to HMRC, ensuring compliance with all
relevant regulations.

We also provide expert advice on VAT schemes, standard or Cash Accounting Scheme, choosing the relevant including the VAT margin scheme, the Flat Rate Scheme or getting to grips with the basics of the VAT margin scheme for second-hand cars or the reverse vat charge for construction.

VAT Compliance

Our VAT compliance services ensure your business adheres to all VAT regulations, reducing the risk of penalties and when required dealing with any payment plans.

CIS Registration & Management

We manage CIS registration for your business, ensuring proper documentation and compliance with the scheme. Our services include verifying subcontractors and managing CIS deductions, making the process efficient and straightforward. We also prepare and submit monthly CIS returns to HMRC, maintaining accurate records and compliance.

CIS Compliance

We ensure that your business complies with CIS regulations, verification of all subcontractors and preparing monthly returns ensuring that all deadlines are met.

GENERAL BOOKKEEPING & MONTHLY ACCOUNTS

Financial Reporting

We prepare detailed monthly financial statements to give you a clear view of your business’s financial position. Our team analyses financial performance and trends, providing valuable insights that aid in strategic decision-making. We also offer management accounts tailored to your specific needs, helping you make informed financial decisions.

Day-to-Day Bookkeeping

We maintain accurate and up-to-date financial records, ensuring that all transactions are properly recorded. Our team reconciles bank accounts and ledgers to identify and resolve discrepancies and handles the recording of all transactions and expenses to provide a clear financial overview.

Financial Administration

Our financial administration services include issuing invoices and managing accounts receivable to ensure timely payments. We also process payments and manage accounts payable, maintaining efficient financial operations. Additionally, we handle petty cash and expense claims, ensuring proper documentation and management.

Payroll Processing

Our payroll services cover the calculation of employee salaries, benefits, and deductions, ensuring accuracy and compliance with PAYE and National Insurance regulations. We handle the generation and distribution of payslips, providing clear and detailed records for your staff along with all pension requirements and compliance declarations.

Statutory Compliance

We manage payroll taxes and submissions, including RTI, ensuring timely and accurate reporting to HMRC. Our services also include preparing year-end payroll reports, such as P60s, and assisting with any employment-related tax issues, providing expert advice and solutions as needed.

SELF ASSESSMENT

Personal Tax Returns

We assist with completing self-assessment tax returns, ensuring accuracy and timely submission. Our team calculates income tax liabilities and allowances reliefs, optimising your tax position, and provides advice on tax planning opportunities to help you make the
most of available reliefs and deductions.

Tax Compliance

We ensure that you meet all self-assessment filing deadlines, avoiding penalties and ensuring compliance. We handle all correspondence and inquiries from HMRC, providing support and resolving any issues that arise. Our team also offers guidance on allowable expenses and deductions, ensuring accurate and beneficial tax reporting.