Services

Our experienced accountants are well versed in preparing annual company accounts and corporation tax returns to ensure our corporate clients meet their annual filing obligations. We work with our clients to ensure they meet their filing deadlines in a timely manner, with full guidance and support provided to enable understanding of the figures presented.

We aim to talk to our clients in plain English, avoiding accounting jargon and buzz words to help clients understand the processes and the complete picture when considering company accounts, taxation and the connection with owner managers and their personal tax positions.

Each year we review remuneration levels, capital expenditure and profit levels to provide tailored advice to achieve tax efficiencies. We pride ourselves on taking a step back to really look at where we can add value as accountants rather than just assisting with the annual compliance tasks.

We are happy to assist with the preparation of self-assessment tax returns of all sizes. You may need to complete a tax return if you are self-employed, have rental income, other untaxed income or Capital Gains.

We deal with a variety of individual clients and have a breadth of experience amongst the team in many sectors, including construction (including CIS subcontractors), health and beauty, foster carers, residential landlords, professional services, hospitality and retail amongst many others.

Following the change to Capital Gains Tax (CGT) reporting requirements for the sale of residential properties we can also assist clients with CGT computations and reports within the 60-day filing window.

We are able to provide as much or as little support as required with bookkeeping and VAT requirements. Whether that is a quarterly check of your VAT return to provide reassurance or a full monthly bookkeeping service, we are on hand to assist with the on-going processing and VAT compliance.

Our team of employees use various bookkeeping software such as Sage, Xero, Freeagent and Quickbooks. Some clients continue to prefer working with spreadsheets, which is not an issue providing you are meeting the Making Tax Digital (MTD) requirements for VAT. There is no pressure to change bookkeeping software or methods; we work with you to support what works for you. That doesn’t stop us making recommendations for improved processes or if we feel a particular software would work better for you.

We are a Xero Gold Champion Partner and have Xero certified advisors within the firm. We are also an Accredited Freeagent Practitioner. Bespoke in-house training can be provided on both of these accounting software packages.

Our in-house payroll team can help with all aspects of running a payroll and tax submissions. We complete weekly, fortnightly and monthly payrolls for our clients, submitting the payroll figures to HMRC and providing payslips for you to pass onto your employees. We also provide advice on appropriate salary levels for business owners.

Other payroll services we can provide are annual P11D benefit-in-kind forms, monthly CIS returns and annual CIS repayment claims and assistance with pension auto-enrolment compliance, including set-up.

We love helping new-business owners with the transition from say PAYE employment to becoming self-employed for the first time or setting up a company. It is a steep learning curve, not only dealing with administration and bookkeeping for the first time, but understanding the intricacies of business profits, remuneration and tax. We are here to hold your hand through the process, assist with the necessary form-filling and work alongside you as your business grows.

Should you wish to incorporate a company, perhaps transferring your business from a self-employment, we can assist with the incorporation and the preparation of the company formation paperwork, as well as advising on shareholdings and remuneration levels once up and running.

Throughout the life-cycle of a business, HATS can provide support as required. Our friendly, experienced team are on-hand to help with queries as they arise and provide ad-hoc advice throughout the year.

We can prepare monthly, quarterly or six-monthly management accounts so you can keep track of how the business is doing throughout the year and make provisions for future tax liabilities. We can also provide assistance if you require cash-flow forecasts or budget planning.

When the business ceases we will advise on the steps to close a company so that you are fully informed of the process and the accountancy and tax consequences.

If you are selling your business we will be by your side to provide support with the sale and we can prepare the resultant tax computations, considering any tax reliefs available.