What Jolly Accountancy Services can do for you
“I’ve recently started a business, but I need help with my accounts… I have no idea what I’m doing! What should I do?”
ACCOUNTANCY
“I have been a client of Sonya’s for the past 15 years in which time I have been so fortunate to receive excellent advice, support and guidance for my small business. And most of all prompt accurate tax returns to HMRC which has been a relief for me to know my accounts are in safe hands.” – Val
As part of the services I offer, I can prepare accounts to help in completion of self-assessment tax returns. I also produce financial statements for filing at Companies House and abbreviated accounts to ensure the minimum amount of your financial information is made public.
Accounts are prepared to agreed timescales and deadlines, but I can do more than just report the history of what’s already happened.
I can:
- identify areas where I can assist in minimising your tax liability
- identify areas of the business that give you the most opportunity to make improvements
- use the accounts to help you measure where you are in meeting your goals and what actions you need to take.
Once completed, I will take the time to explain your accounts to you so that you understand what is going on financially within your business, and ultimately helping you to plan for the future.
BOOKKEEPING
“We have been Clients of Jolly Accountancy Services for nearly 4 years and we have always received a very high standard and good value service.” – Martin
If you do not, or it’s not financially viable for your business to employ a bookkeeper, then I can take up the role or help you recruit the right person for your business.
You may require help to write up books or need me to add the finishing touches to information on bookkeeping systems in order to create your own management information.
I can help you with all your general bookkeeping requirements, either at your offices or at my office.
ACCOUNTANCY
TAX PLANNING
“I recommend having someone to fill in your tax return so you get the best for your business… Over the years they have helped me make the most of my allowances or in the case of 20-22, help me get the best tax relief on equipment purchases or when I had a full time job and was running my business as a side hustle, sorting all that tax stuff out.” – Liz Hall
Whilst completion of tax returns and statutory tax obligations are important jobs and jobs which all accountants should be capable of completing, (plus advising you of your tax position and liabilities).
I offer you more than just this and I am interested in maximising your tax planning opportunities.
We all have to pay our taxes but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary.
I have extensive experience in this area of work and always fight as hard as I can for my clients.
BUSINESS START UPS
“Running your own small business means you are expected to wear many hats. As finance and tax matters are not one of my strengths (!) it made total sense to let someone else manage this for me (allowing me to focus on actually running my business). Sonya is so approachable, helpful, always there to answer questions and provide support as needed. I can highly recommend her.”
– Jo
Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they may not be experts in the legal and financial aspects of running a business and such matters often appear daunting.
Fortunately you do not need to be an expert in these fields to succeed in business but you do need the support of trained experts.
This is where I come in. Just bring me your business ideas and I will help you to make them a reality!
Together we can
- Decide on the most suitable structure for your business – sole trader, partnership, limited liability partnership or limited company;
- Prepare a business plan, cash flow projections, budgets, and trading forecasts;
- Establish a good working relationship with your bank;
- Complete any registration procedures with Companies House and HMRC
- Deal with company secretarial issues;
- Set up a recording system for your internal use and for complying with statutory requirements;
- Decide on what computer hardware to buy and help with the installation of accountancy software;
- Keep on top of bookkeeping, VAT, payroll and other accounting requirements; and
- Help with all aspects of business compliance and administration.
SELF ASSESSMENT
“She has saved me so much time and stress by taking on my self assessment and guided me through the whole process, explaining it so I understood. She definitely knows her subject and was/is happy to answer all my questions.” – Jo
I can take the headache out of the form-filling and compliance aspect of Self Assessment.
With my expertise and software, I can provide you with practical advice on personal tax positions and the planning opportunities available to you. Completing tax returns, calculating any tax liability and advising you on exactly when to make payments and how much to pay.
CORPORATION TAX
“They prepare our accounts, company tax returns and the service is always good and on time. Above all we feel we can pick up the phone to them whenever we need to discuss all our matters.”
– Darren
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners.
I completely understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. Whilst also calculating your company’s tax liability and assisting with the calculation of any quarterly instalment payments.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration.
I will help you to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
VAT
“Sonya has carried out all my Company Accountancy services as well as my VAT returns. Sonya also did our personal tax returns. I regularly sought her advice regarding other Company matters and, in most cases Sonya was able to assist me. I particularly appreciated her integrity, advising me on who to approach when the issue was outside her remit.” – Robert
I can help to ensure that you comply with the ever changing VAT regulations and the growing demands of HMRC so that over-payments are not made.
To help you manage this complex area, I provide an efficient, cost-effective VAT service, which includes:
- Assistance with VAT registration;
- Advice on VAT planning and administration;
- Use of the most appropriate scheme;
- VAT control and reconciliation;
- Help with completing VAT returns;
- Planning to minimise future problems with HMRC;
- Negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.
COMPANY FORMATIONS
“Sonya, you have always gone above and beyond to help me with my accounts and business planning, and it is truly appreciated thank you so so much.” – Diane
There’s more to consider than just buying a cheap readymade company on the internet!
I can assist you with company formations for:
- An off the shelf ready made company;
- A tailor made company;
For urgent requests I can also arrange same day formations.
My Company formation packages can include:
- Advice on the pros and cons of incorporation in your own situation;
- Appointment of directors;
- Appointment of company secretary;
- Issue of subscriber shares;
- Registered office services;
- Completion of all necessary minutes and resolutions;
- Assistance in opening a bank account;
- VAT registration;
- Company registration for Corporation Tax;
- Set up of Company PAYE scheme.
ACCOUNTANCY
COMPANY SECRETARIAL
“From my first meeting with Sonya she was approachable, personable and professional. She is very knowledgeable and knew what my little business needed in terms of both business accounts and self assessments.
Sonya communicates well and is very efficient. I would have no hesitation in recommending Jolly Accountancy. Thank you so much Sonya.” – Rachel
I can help you fulfil this role and offer the following services:
- Registered office facilities;
- Maintenance of statutory registers;
- Submission of statutory documents;
- Giving notice of General Meetings;
- Drafting agendas for company meetings;
- Preparing Minutes of Meetings;
- Completion of share transfer forms;
- Preparation of share certificates;
- Carrying out company searches;
- Filing of Annual Returns.
TAX ENQUIRIES AND INVESTIGATIONS
“When I had a VAT inspection, Sonya handled it with skill and expertise.
Sonya has been diligent and efficient throughout my business relationship with her and it is my great pleasure to recommend Jolly Accountancy Services to anyone needing meticulous work and sound advice.” – Robert
If you are about to be the subject of an investigation, I can provide expert help and support.
Being the subject of a tax investigation by the HMRC can be a stressful and worrying experience.
With the onset of personal and corporate self-assessment, HMRC staff can now review cases on a ‘sample basis’; which means tax investigations have become more frequent.
I have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance.