As a business owner, you will undoubtedly come across many different types of professionals that you can choose to work with in order to help you grow and manage your company. Out of all of these different types of professionals, one that you simply can’t afford to overlook is an accountant.
By investing in a good accountant you gain access to invaluable services such as tax planning, and business advice. Your accountant can also help you with bookkeeping, payroll, corporation tax,VAT and other financial management tasks.
At Practical Bookkeeping, Accounting and Taxation Services (PBATS for short) we know only too well the advantage that businesses and individuals have when supported by a team of extensively qualified and knowledgeable accountants.
Across the team, there’s decades of experience and a plethora of qualifications, including:
We are accountants in Basildon who offer our corporate clients a fully bespoke tax service that not only ensures the management of accounts efficiently but also maximises personal wealth and minimises corporate and personal tax liabilities.
Since our company formation, we’ve helped hundreds of businesses grow with our expertise and approachable service.
To find out how we can help you and your business, get in touch today for a free consultation and quote.
Your annual accounts are a snapshot of your business’s financial performance and position over a 12-month period. They show your business’s profits, losses, assets and liabilities. This information is used by HMRC to calculate how much corporation tax your business owes.
Your annual accounts are also used by banks and other financial institutions when assessing your business’s creditworthiness. If you’re looking to secure a loan or other form of finance, your annual accounts will be one of the first things that a lender will ask to see.
At PBATS, we can help you with the preparation and filing of your annual accounts. We will make sure that all the relevant information is included and that your accounts are filed on time.
Bookkeeping is the process of recording, storing and retrieving financial transactions. It is a vital part of any business.
Our team offers a comprehensive bookkeeping service that covers all aspects of financial record-keeping. We can help you to set up a simple and effective bookkeeping system, and can train you or your staff on how to use it, or, you can simply leave it all to us to handle.
Based on what you submit to us, we can also provide you with regular financial reports, which will give you a clear picture of your business’s income, expenditure, assets and liabilities.
Management accounts are a vital tool for any business owner. They provide you with up-to-date information on your business’s financial performance and position, which can be used to make informed decisions about the future. Regular management accounts also give you a better understanding of your business’s cash flow, which is essential for effective decision-making.
For our clients, we can prepare management accounts on a monthly or quarterly basis. We will work with you to understand your business’s specific needs and tailor our service accordingly.
We can also provide you with advice on how to interpret and use your management accounts to improve your business’s financial performance.
Taxation is a complex and ever-changing area, and it can be difficult to keep up with the latest changes. At PBATS, we can help you to minimise your tax liability through effective tax planning.
We can also provide you with advice on a wide range of taxation matters, including corporation tax, income tax, capital gains tax, inheritance tax and VAT.
One of the most important aspects of running a business is making sure that your employees are paid on time and in full. This can be a time-consuming and complicated process, especially if you have a large number of employees.
We offer a comprehensive payroll management service that takes care of all aspects of employee payroll, from calculating salaries and tax deductions to issuing payslips and making payments.
We use the latest software to calculate salaries and deductions, and we can provide you with regular reports so that you can keep track of your payroll costs.
If you are a company director, self-employed or a partner in a business, you will need to file a self-assessment tax return each year. This is a complex process, and it is important to get it right.
We’ll help you to prepare and file your self-assessment tax return. We will make sure that all the relevant information is included and that your return is filed on time.
We can also help you to claim any allowances and reliefs that you may be entitled to, which could reduce your tax bill.
Alongside these core services we also offer some more specialist options.
If you are a director of a limited company, you must comply with various legal and regulatory requirements. This can be a time-consuming and complicated process, especially if you are not familiar with company law.
We can act as your company secretary and take on all the associated responsibilities. This includes maintaining statutory books, preparing and filing annual returns, arranging shareholder meetings, report writing, and dealing with share transfers.
Additionally, we can supply you with advice on a wide range of company law matters.
A business review is an overview of your business, its performance and position in the market. It is a valuable tool for any business owner, as it can provide insights into areas that may need improvement.
The PBATS team can carry out a comprehensive review of your business. We will assess your business’s financial performance, identify any areas of concern and make recommendations for improvement.
If you do not have the internal resources to deal with your financial affairs, we can provide you with a Virtual Accounts Department (VAD).
Our VAD service includes all the core elements of our bookkeeping, accounting and taxation services. We will allocate a dedicated team of experts to your business, and they will deal with all your financial affairs on your behalf.
This is a cost-effective solution for businesses that do not have the time or the expertise to deal with their financial affairs themselves.
Looking for an accountant in Basildon? Look no further than PBATS! We are a team of experienced and qualified accountants and bookkeepers who can provide you with all the help and advice you need to run your business.
We offer a wide range of services, including bookkeeping, accounting, taxation, company secretarial and business reviews. We can also provide you with a Virtual Accounts Department (VAD) if you do not have the internal resources to deal with your financial affairs.
For expert help and advice and a free consultation, call PBATS today. Our Basildon accountants are always on hand to answer any of your questions.
Our accounting services are available for businesses all throughout Essex these areas include but are not limited to;
Basildon, Benfleet, Billericay, Braintree, Brentwood, Canvey Island, Chelmsford, Clacton On Sea, Colchester, Eastwood, Grays, Hadleigh, Harlow, Leigh On Sea, Loughton, Maldon, Rayleigh, Rochford, South Woodham Ferrers, Stanford Le Hope, Tunbridge Wells, Waltham Abbey, Westcliff On Sea, Wickford & Witham