Services

Services

Self Assessment Tax Returns

We prepare self assessment tax returns for sole traders, partnerships and directors of limited companies. We also deal with tax returns relating to those involved in the Construction Industry.

 

Corporation Tax

Corporation Tax represents a substantial part of your trading costs. At Farshan & Co we will ensure your Company is fully compliant by preparing and filing the Corporation Tax Return on your behalf. We will seek to minimise your Corporate Tax liability by ensuring no allowable expenditure is omitted.

 

Management Accounts

You can’t run your business blindly, It’s vital to know how you are performing throughout the financial year, not just after the year end, so you can monitor your profit and plan cashflow. We can prepare management accounts for your business, either monthly or quarterly, to ensure you have the accurate, timely information you need. We will present these accounts in a way that you will understand easily.

Bookkeeping

The more time you spend in bookkeeping the less time you can spend growing your business,but it has to be done! Good bookkeeping will not only help you with your accounts and your tax – you will also be able to manage your suppliers and be on top of your credit control.

Annual Return

Each year, all limited companies and LLPs are required to submit an annual return to Companies House. Prime can assist you with submitting your annual return, which is a record of key company information that you must provide by a designated date each year.

Value Added Tax (VAT)

If you aren’t trained in the arts of number crunching then you might see Value Added Tax as a burden. There is no doubt that the mass of regulations that relate to VAT which have built up over the years can be complicated. Your Accountants are only a phone call away so you know that whenever you need information we are available to help and don’t charge for phone calls. We enjoy talking to you because we value our clients.

Annual accounts preparation

We can...
• Prepare sole trader and partnership accounts to help in completion of self-assessment tax returns;
• Produce Companies Act compliant financial statements and abbreviated accounts to file at Companies House to ensure the minimum amount of your financial information is made public.
We can do more than just report the history of what's already happened...
• Identify areas where we can assist in minimising your tax liability;
• Identify areas of the business that give you the most opportunity to make improvements.
We will explain your accounts to you so that you understand the financial aspects of your business, helping you to plan for the future.