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Accounts

Accounts 

Accountancy

 

Peters & Co has a team of highly experienced accountants.  We sort the numbers – as you would expect – but that is just the beginning. We will analyse and interpret the figures – checking for, and high lighting any risks such as big debtors, compliance issues or unusual expenses.

 

Producing Management Accounts creates a gateway that allows us to see, and show you, exactly how the business has performed and more importantly what needs to be done going forward. And with accurate, reliable information to hand you will be able to make better informed business decisions with greater confidence.

 

Our accounting and reporting services include:

  • Preparation of statutory financial statements for companies (LTD) and limited liability partnerships (LLP)

  • Annual accounts for unincorporated businesses

  • Periodic management accounts

  • Cash flow and profit projections

 

 

Bookkeeping

Peters & Co will take care of your bookkeeping and management reporting.  If you wish, we can collaborate with you, using our accounting systems.

 

For a reasonable monthly charge you will receive accurate and timely financial information. You have the reassurance that your accounting records are maintained, up-to-date and reviewed for accuracy by our professional staff.

 

We make sure your employees get their wages, your suppliers get paid and your customers pay you. We keep your books up to date and provide the management information you need to run your company. When you use our complete back office accounts service for your bookkeeping, tax and payroll, you keep on top of the figures while saving on the overheads, calculate your VAT returns and produce regular management accounts. 

 

We have listed the following advantages for using our accounting solution:

 

  • Automatic document production – fast and accurate recording of invoices, credit notes, purchase orders, printing statement (when necessary).

  • Up-to-date information – instant up to date information at any given date.

  • Management information – reports can be produced which will help management to monitor and control the business, for example the aged debtors analysis, profit and loss account, and balance sheet.

  • Cost saving – computerised accounting program reduce staff time doing accounts and reduce audit expenses as records. Furthermore, we can give you a breakdown so that you can compare costs.

Bookkeeper
Corporate Tax

cORPORATETax

Corporate tax compliance service includes:

 

  • Preparation and submission of tax computations using the latest corporate taxation software in filing your corporation tax return with HMRC.

  • Agreement of your returns and tax liabilities with HMRC and managing the interface with HMRC on a day to day basis or where you have a formal tax enquiry.

 

Whether an owner managed business or a large group of companies, Peters & Co can devise a tax compliance service to suit your needs.

 

 

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Charity & Giftaid

Charity accounts

 

We provide a complete range of specialist services from North London Office which empower charities to effectively deal with current challenges. Issues we have helped our clients with include:

 

  • Ensuring your audit (if required) adds value

  • Ensuring compliance with the Charities Commission, Companies House and HMRC as may be necessary.

  • Ensuring that dedicated funds are presented in proper format.

 

In addition, for the smaller charity not requiring an audit, we can offer an Independent Examination, which will include the followings:

  • review of the accounting records kept by the charity

  • comparison of the accounts presented with those records

  • consideration of any unusual items or disclosures in the accounts

 

We ensure your accounts are prepared in the correct format, relieve you of the regulatory burden, leaving you extra time to develop and expand your charity or not for profit organisation; source funding which is crucial to financial stability of any organisation.

 

Gift aid repayment

 

We would help you in the following ways:

  • We will guide you in providing all required information in order to obtain registration.

  • Provide you with a guideline to running your gift aid process to minimise rejection and queries.

  • We will complete the necessary HMRC forms and submit figures in formats required and obtain repayment for you.

 

We would advise you in the following ways:

  • You would require Gift Aid Declaration from donors. We would provide you a template.

  • Collection must be made in an envelope. We would provide you a sample envelope

  • After every collection, a schedule must be prepared of all donors totalling to the sum collected on the day. We will provide template.

  • Total monies collected must be banked as required by HMRC. We will guide you.

Charity & Giftaid

Self-assessment & 

Inquires

Self-assessment

Where personal tax affairs are concerned Peters & Co can make a real difference.

 

One of the key things that differentiate Peters & Co from our competitors is that we are qualified to deliver the same high levels of tax advice as you might expect from one of the major accountancy firms and our service is much faster and far more cost effective.

In fact where we act for both the personal and business affairs of a client we can deliver exceptional value – which is particularly relevant for owner managed businesses.

 

Our services cover:

  • Advice on minimising tax liability for all personal taxes, including:

    • Income tax

    • Capital gains tax (CGT)

    • Inheritance tax (IHT)

  • Completion and filing of relevant returns

  • Advice on what payments are due and when

  • Reclaim all Construction Industry Scheme (CIS) tax repayments on your behalf.

 

 

At Peters & Co, your personal Tax Adviser will also be available to advice on issues such as:

  • How best to handle benefits such as company cars, car fuel, medical insurance etc.

  • How to minimise CGT liability on disposal of assets

 

Self assessment

Payroll Services

Our friendly, experienced and qualified payroll team can relieve you of this burden by providing a comprehensive and confidential payroll service tailored to your specific requirements.

We will provide you with a cost-effective Payroll solution that is tailored to your business needs – your payroll deadlines, pay dates and reporting requirements.

From working out income tax and NIC calculations to managing payslips and statutory sick pay and maternity payments, our expert team will make sure that your payroll runs efficiently and that your employees are paid the right amount at the right time.

Our flexible service includes:

  • Starters and leavers

  • Code number changes

  • Customised and generic payslips

  • Taxable benefits and P11Ds

  • Advice on tax and NIC payable

  • Dealing with employee enquiries

  • Standard payroll reports

  • Production of year-end P60s

  • RTI submissions

Payroll Services
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