Services
Cloud Accounting and Bookkeeping
Cloud accounting services have transformed the traditional way of bookkeeping is done. With cloud accounting, you can access your financial data any time without restriction. This potentially saves time and cost, while allowing real-time decision making. MJ Accountants is here to make your transition to cloud bookkeeping seamless and hassle free. Xero, QuickBooks, Dext are the market leader in cloud accounting due to its multiple features and we recommend these to our client.
How we can help:
If you are interested to implement cloud accounting, we can help following way -
- Set up and implement cloud accounting.
- Transit to the new system without any impact on your financial management and liabilities.
- Train you in the application of new tools and to implement cloud accounting services.
- Learn the art of making the most of digital accounting.
- You will receive specialist support at every stage.
- Outsource your bookkeeping and adopt remote accounting practices.
Company Formation and Startup Advice
If you need professional advice whether you should operate your business as private limited company or sole trader or partnership, we can advise you best passible option to choose.
How we can help:
- We can advise you the best option based on your circumstances, the industry sector and your projected earnings and growth.
- If you choose to set up a limited company, we will take care of all the paperwork and will register it for you with Companies House.
- We will also offer other start-up services, such as support with cash flow management, choosing and setting up financial reporting systems, and business financing etc.
- Taking professional advice regarding your new start-up will help you to focus on what and how you want to achieve your target, as well as setting up a great foundation of good business practices to build on as you move forward.
Annual Accounts
For any private limited company submitting annual accounts to Companies House is a statutory requirement and it is important to submit your accounts on time as you will incur hefty fines for late submission.
How we can help:
- We are qualified accountants you can put your trust on us getting the highest standard services with due diligence and professional care.
- We will prepare a profit and loss account, balance sheet and other reports on your behalf, and we guarantee to submit your accounts on time. We will advise you on the exact reporting requirements for your organisation, as determined by factors such as income and value of assets.
- Annual accounts are certainly a necessary evil though, not only to keep you on side with the tax man but allow you a detailed and relevant insight into your business performance and the overall health of your organisation.
- You will be able to see briefly how your income compares to your outgoings, you will be able to measure your annual profits against previous years, identify areas in need of improvement, areas where you could potentially save money, and of course, pinpoint exactly what is working to make you money so you can do more of it!
Tax Calculation and advice
We have knowledge, expertise, and experiences to advise on all matters relating to tax.
How we can help:
- We understand your need to achieve optimal tax efficiency whilst meeting the requirements of HMRC. We will also prepare and submit your corporation tax returns in a timely manner.
- When you put your affairs in the hands of our qualified experts, you can be certain that your tax obligations will be fulfilled and worries about late returns, under payments, over payments, and even dreaded fines will soon become a thing of the past.
- Our goal is to help you hang on to as much of your hard-earned cash as possible, while still maintaining accurate records and meeting all your relevant obligations and payments, keeping a clean bill of health on your business accounts.
Self-assessment
We offer the services of preparation and submission of Self-assessment tax returns on time with full compliance of HMRC requirements.
How we can help:
- Our experience and qualified team will analyse your self-assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.
- Our rigorous process will help to minimize your risk of a HM Revenue & Customs enquiry into your tax affairs.
- If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs on your behalf.
Partnership and Charity Accounts
Our expert team will help you in preparation of Partnership and Charity accounts according to the reporting framework.
Moreover, when you are busy running your partnership business or charity activities, keeping on top of the daily financial issues can be a real burden. However, if you don’t keep track of the money coming in and going out of your business, it could have serious repercussions. We can help you save time and stay on top of your finances.
For charities we can provide a full independent examination of their accounts. We also conduct special purpose assignments for partnership and charities. Whatever the nature of the assignment we aim to meet our standard of competence and objectivity.