Accountants Southampton | Payroll Company

Do you need a local accountant in Southampton? Do you need help with payroll or bookkeeping? Call Skynet Accountancy & Bookkeeping

Tax and accountancy can be one of the most time consuming and daunting tasks when running a business. If your accounts are not prepared correctly or on time you may be penalised so ensuring you have a great accountant is a wise move.

Preparing annual accounts for companies is something that comes naturally at Skynet Accountants in fact we prepare your annual accounts based on your exact business needs.

We will help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared.

We provide a range of compliance services to support all aspects of your businesses administration.

Our range of compliance services includes:

Annual accounts preparation for Limited companies (LTD) and Corporation tax return

We’ll prepare accounts in line with UK accounting standards for micro entities and small companies. We’ll maintain capital allowances, eligible relief and calculate corporation tax liability/refund. This involves ensuring claiming correct capital allowances at right rate.

Company secretarial services and filing confirmation statements

We’ll maintain electronic register of your statutory books, confirmation statement, directors or address change, dividends documents etc.

Annual accounts preparation and self-assessment tax return for sole traders

We’ll prepare full set of Chartered Accountant signed sole trader financial statements with self-assessment tax return

Self-assessment tax return services for individuals

For income including dividends & interest, child benefits, pension etc., capital investment including capital gains & losses and any other related areas that are subject to declaration to HMRC

VAT Returns Services

Deadlines are strict and HMRC penalty charges are significant! Not all businesses have the same type of VAT scheme, and it is not as simple as running a report from a system. We fully check for compliance purposes and reconcile the VAT liability/refund to capture any errors. It is very common for HMRC to inquiry for ad hoc spikes so without any complication we can respond and satisfy HMRC expectations

P11D benefit in kind and class 1A liability

Staff benefits returns will be prepared, Class 1A National Insurance liability will be calculated and submitted to HMRC. We’ll also remind you with payment deadlines.

PSA (PAYE Settlements)

This is required when you provide certain benefits to your employees and your business will pay for relevant Tax & NI liability instead of your employees. We’ll prepare a settlement agreement for you and submit to HMRC and remind you payment deadlines.

R&D Tax claim

Companies developing new products, processes or services; or enhancing existing ones, to overcome scientific or technological uncertainties are eligible for R&D tax relief. R&D tax credit claim can be either refunded or offset to reduce corporation tax liability. If you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.

Audit Support Services

We’ll prepare a year end accounts with workings, draft audited statutory accounts as per FRS102 and present to you and your auditors. We’ll support with audit questions and information requests.

Payroll

Depending on your business needs, we prepare weekly, monthly or annually payroll run and manage RTI & EPS filing with HMRC and pension filing. We’ll be supporting to ensure meeting for auto-enrolment obligations and declaring compliance to The Pension Regulator

Tax Planning and advice

Expenses: We’ll help you claim tax relief for your business expenses such as running your business from home, travelling for work or using personal car for business purpose etc
Extracting funds from your company: We’ll help you extracting funds from your company in a legal way, by providing tax planning through blend of salary, dividends, loan interest, repayment of loans, pension, life insurance, company cars, mobile phones and trivial benefits
Increasing family net income: Enhancing family income net income by transferring shares to your spouse for dividends and paying them suitable salary for their role in the business
Other relevant tax planning and advice depending on your circumstances

One-To-One review and discussion

We’ll explain, review the accounts and your tax liability/refund position with you so you’ll know position of your business accounts before they get filed to legal and tax authorities.

Whatever your accountancy needs are, our business is designed to fit your needs and we know what it takes to ensure your complete peace of mind. Why not get in touch with us to book your initial consultation and see how we can help your business achieve greater success.

Book now