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ACCOUNTING & VAT

Here at PMA we deal with a diverse client base, ranging from Sole Traders to Limited Companies.

Each client's needs are unique, and our services are tailored to meet those needs.

Areas of work undertaken include:

  • Annual Accounts
  • VAT
  • Business Plan & Financial Forecasting
  • Bookkeeping
  • Training on Sage Accounts & Payroll
  • O.S.C.R. (Scottish Charities Regulator)

 TAXATION

Since the introduction of self-assessment, the UK tax system has become increasingly complex year on year and it doesn't look as if it is going to improve any time soon.

HMRC resources are being directed towards compliance by investigation, and it has never been more important to keep your tax affairs in order.

We deal efficiently and cost effectively with all your compliance needs, as well as providing a proactive tax planning service.

Our services include:

  • Completion / submission of individual & partnership Self-Assessment Tax Returns
  • Completion / submission of Corporation Tax Returns
  • Completion / submission of forms P11D & advice on benefits in kind

Tax planning advice on:

  • Income Tax
  • Capital Gains Tax
  • Corporation Tax
  • Inheritance Tax
  • IR35 / Service Companies

PAYROLL & PAYE (We are RTI Compliant)

We provide a bureau service to deal with all your payroll needs, for all sizes of business, and whether your employees are paid weekly, fortnightly, four weekly or monthly.  By doing so, we can ensure that you comply with the ever changing raft of legislation on this subject, including on-line filing.

You can supply your payroll information to us by email, fax or telephone, which ever you find most convenient.

Our services include:

  • Initial registration with HMRC
  • Processing of weekly, fortnightly, four weekly or monthly payrolls.
  • Dealing with in-year and end of year documentation, including the preparation and submission of P35s and P14s.
  • Dealing with statutory payments such as SSP, SMP, etc

You can contact our dedicated payroll team on payroll@petermckinneyassociates.co.uk

BUSINESS START-UP ADVICE

When it comes to starting up a new business there are many matters that need to be given serious consideration.

With our assistance we can help you decide on the most appropriate route to take, ensuring optimum tax and VAT efficiency and of course, in the current economic climate, business security.

 

ABBEY TAX ~ TAX INVESTIGATION COVER

The way HMRC operates has changed with the passing into law of the Finance Act 2008, which gives inspectors far greater powers than previously.  The Act gives them the right to enter your premises, check your records and access your computer, all with no right of appeal.  The discovery of a simple, unintentional error causing an underpayment of tax may lead to you paying HMRC large penalties as well as repaying all the tax you are deemed to owe.

If you are chosen for an investigation, we will do our utmost to ensure that the outcome is as favourable for you as it can be.  In most cases, we will be able to reach a settlement with HMRC that is considerably lower than their original demand; in some cases we can convince them to withdraw their claim altogether.  However, this can take a considerable amount of time and, even if no additional tax or penalty is due, we will still have to charge you for the professional fees incurred in dealing with HMRC on your behalf; such fees frequently amount to thousands of pounds.

For a small annual subscription, the scheme will provide you with the equivalent of up to £100K worth of our time in the event of a written intervention by the tax authorities and enables us to dedicate as much time as necessary to get the best result for you, without worrying about spiralling expenses.

For all business clients, included at NO EXTRA COST, is access to Abbey Tax's market leading Business Support Helpline, a valuable resources which could save your business time and expenses.

Sign up today, you never know the Taxman might just come calling tomorrow !

PAYMENT OF FEES *

We offer the facility where our clients can pay their annual fees by monthly standing order, which we offer at no extra charges, in fact, we even offer a discount for doing so.

In the current economic climate this facility makes good business sense for all concerned.

* This offer excludes the annual subscription for Abbey Tax Investigation Cover which is payable annually by means of a lump sum payment

 

 

 

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