As a business owner, you will work with many different types of professionals to help manage and grow your company. One professional you can’t afford to overlook is an accountant.
A good accountant is worth their weight in gold because they provide access to services such as tax planning and can also serve as business advisors. Additionally, they can take care of bookkeeping, payroll, corporation tax, digital self-assessment returns, VAT and other financial management tasks for you.
At Practical Bookkeeping, Accounting and Taxation Services (PBATS), we are a team of highly qualified and knowledgeable accountants and bookkeepers who can provide support to UK businesses and individuals with our professional service. We know from experience that this can give corporate and individual clients a real advantage when it comes to business success and reducing tax liabilities.
At our accounting offices in Colchester, Essex, we offer tailored tax services to corporations to not only manage their accounts properly but also help individuals increase their wealth and lower their corporate and personal tax liabilities.
Since we established our company, our knowledge and expertise has helped numerous small UK businesses and individuals in Essex achieve their growth goals. Our services are professional yet approachable, and we work hard to ensure our clients and their businesses excel.
Discover how we can improve your business and streamline your personal tax by contacting us today for a free consultation and estimate.
Some of our accountancy Ashford services include;
Your annual accounts give a clear overview of how your business has performed financially in the last 12 months. This includes information on profits, losses, assets and debts. HMRC uses this to work out how much corporation tax you owe them.
Annual accounts not only give you a snapshot of your business’s financial health but are also used by banks to assess creditworthiness. If seeking financing, annual accounts will likely be one of the first things a lender asks for.
PBATS offers annual account filing help to ensure that your records are complete and up-to-date.
One of the most important aspects of running a business is ensuring that your employees are paid on time and in full. This can be a complicated and time-consuming process, especially if you have a large number of employees.
Our payroll management service is comprehensive, covering everything from calculating salaries and tax deductions to issuing payslips and making payments.
By utilising the latest payroll software, we can ensure that your employees are paid correctly and on time. In addition, regular reports will allow you to monitor your businesses’ payroll expenses.
Management accounts are a critical tool for any business owner. They provide you with information about your company’s financial performance and position, which can help you make informed decisions about the future. Regular management accounts also give you a deeper understanding of your business’s cash flow, which is essential for effective decision-making.
We understand that every business is different, so we offer management accounts on a monthly or quarterly basis that are tailored to your specific needs.
We don’t just give you management accounts, we also advise on how to use them so that your business improves its financial performance.
Bookkeeping involves recording, storing and retrieving financial transactions. It is an essential part of any business.
We want to make your life easy when it comes to bookkeeping, so we offer a comprehensive service that covers all aspects of financial record-keeping. You can choose to have us set up a simple and effective bookkeeping system for you, train you or your staff on how to use it, or you can simply leave it all to us to handle — whatever is easiest for you!
Once you provide us with your business’s financial information, we can generate routine reports that will show you business income, spending, and assets and liabilities.
Taxes are constantly changing, and it’s hard to keep up. However, our team at PBATS can help you correctly calculate your liability with professional 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.
If you are a company director, self-employed, or in a partnership business, filing a self-assessment tax return each year is mandatory. Although it may seem complex, it is essential to take the time and file correctly.
Filing your self-assessment tax return can be confusing and overwhelming, but with our help, it doesn’t have to be. We will include all of the necessary information and make sure that your return is filed within the proper time frame.
We can help you claim any allowances or reliefs that you might be eligible for, which could lower your tax bill.
In addition to our standard services, we also provide some more unique options.
Being the director of a limited company involves meeting many legal and regulatory requirements. If you don’t have experience with company law, this process can be overwhelming and time-consuming.
To relieve you of this stress, PBATS can act on your company’s behalf and take care of all the required responsibilities, such as preparing annual returns, maintaining legal documents, arranging shareholder meetings, writing reports, and processing share transfers.
We can advise you on the various facets of company law.
A business review is an in-depth look at your company’s performance and standing in the market. It can be extremely helpful for any business owner, as it usually uncovers areas that could benefit from some changes.
If you want an in-depth look at how your business is doing, the PBATS team can help. We evaluate financial performance, pinpoint problem areas and give guidance on how to make changes for the better.
Not only can we help get your business off the ground, but we can ensure that it reaches its full potential through efficient tax planning and diligent bookkeeping.
If you don’t have the staff to handle your finances, we can give you a Virtual Accounts Department (VAD).
At our firm, we offer a comprehensive Virtual Accounting and bookkeeping Department (VAD) service. This includes all of the key components of accounting, bookkeeping, and taxation services. We will provide you with a team of experts who are dedicated to your business and will handle all aspects of your finances on your behalf.
If you’re a busy business owner who doesn’t have the time or money to keep up with your finances, this is the solution for you.
If you’re looking for account-related services, we’ve got you covered– bookkeeping, accounting, taxation, company secretarial work, and business reviews are all part of what we do. Plus, if you don’t have the time or staff to handle your finances internally, our Virtual Accounts Department can take care of everything for you.
Looking for help from experts? Request a free consultation with PBATS today! Our Colchester accountants are always available to answer 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 and Witham