Accounts
We prepare accounts for both sole traders and limited companies, removing the ongoing stress and hassle of keeping your books in order.
For sole traders, we’ll take care of every aspect of accounts preparation, leaving you free to focus on the aspects of running your business that excite you, and where you can excel.
We help sole traders:
- Maximise profits in the most tax efficient ways.
- Turn bags of crumpled receipts into simple and effective bookkeeping methods that you can implement easily, for future use.
- Introduce you to time savings apps and technologies, to take the burden off you, and keep your accounts in better order.
- Help you sleep better at night, safe in the knowledge that your everyday accounting is fully up to date, ready for tax return time.
Limited companies are required to prepare statutory accounts and submit them to Companies House on an annual basis.
We work with a wide range of Limited Companies in many different industries, to:
- Advise on the best ways to maximise profits in the most tax efficient ways possible.
- Offer support with meeting the legal rules and responsibilities you shoulder as a Limited Company, under the 2006 Companies Act.
- Provide reassurance that you and your staff are protected by bullet proof accounts that will hold their own at tax return time.
Get in touch with the team at Mant and Co. to discuss any aspect of your account keeping – large or small. No question is too daft, no matter is too complex. We’ll help you keep it simple, and remove the stress of number crunching.
Bookkeeping
Bookkeeping is one of the most important elements of business management, so we’ll do you the honour of introducing you to Xero, our accounting software of choice. We’ll also pair this with a subscription to Dext, a handy app that allows you to upload images of your business receipts that are sent directly to us to process – it couldn’t be simpler or easier to stay on top of your bookkeeping, with our support.
We’ll also take care of the fiddly bits on your behalf, processing sales and purchase invoices into your accounting system on a monthly basis, allocating purchase invoices to the correct categories throughout the year, and keeping an eye on the general financial health of your business, to avoid any unpleasant surprises when it’s time to submit a return.
We also offer full finance function, which means the only thing you have to worry about is invoicing your customers. Outsource the whole shebang to us, and focus on the elements of your business that you enjoy, are good at, and that help it grow.
Value Added Tax (VAT)
VAT is a four letter word for many sole traders and business owners, but it doesn’t have to be (we won’t mention that tax doesn’t have to be taxing, but the sentiment is the same).
Let’s keep it simple – we’ll prepare your VAT returns for you, auditing all transactions for the period in question, reviewing the sales invoices you’ve raised, and checking that VAT has been charged and paid at the right rate.
We’ll also help you make sure that any VAT you claim back is done so correctly and legitimately, and do the research to make sure you’re on the best VAT scheme possible to maximise your cash flow: cash, accrual or flat rate.
If it’s all Greek to you, allow us to cut through the jargon and explain VAT in simple terms. We’ll also let you know in good time when it’s time to submit a return and pay up.
Sound good? Come to us with your VAT questions and stresses today.
Payroll
We can handle all elements of managing payroll for small and medium-sized business, including:
- Preparing weekly or monthly wages, processing payroll instructions, and finalising payroll to send back to you for payment.
- Processing starters and leavers, and variable pay instructions.
- Calculating employees PAYE, NIC, student loans, and pensions.
- Preparing anyCIS subcontractor payments and tax deductions.
- Preparing other payroll reports required, and submitting these to HMRC on time.
If your staff have company cards or private healthcare or dental schemes, no problem. We can also prepare and submit the P11D return to HMRC.
We can also help with automatic enrolment, which is being introduced across all UK businesses, and will see all employees being automatically enrolled into a workplace pension scheme. Pension law changes all the time, and we can help you and your business keep abreast of these alterations, to stay compliant and to look after your people in the long-term.
Payroll is a necessary evil that can eat up huge chunks of your time as a business owner. Leave this complicated and labour-intensive process to the experts, so you can focus on growing your business and moving it forward.
Corporate Taxation
We prepare company tax returns (CT600’s) using figures from your statutory accounts, calculating your annual tax bill down to the last penny, so you know exactly how much you’ll pay in order to avoid penalties and interest.
We can also advise on possible claims and elections arising from your company Tax Return, helping to minimise the amount you pay (that’s music to your ears, right?)
We’ll take care of it all, from assembling and filing your tax bill online with HMRC to checking that their calculation of your bill is accurate, and initiating any repayment due to you.
We’ll also sit in queues, listen to awful ‘on hold’ music, and pester HMRC on your behalf to get the answers you want and need to stay compliant.
When you’re busy running a company, with all the stresses and strains involved, the last thing you want to do is lose sleep over decimal points and looming Tax Return dates. Outsourcing it all to us will free up more of your precious time to focus on building your business and taking care of your staff.
Personal Taxation
Everybody hates tax returns, but we love ‘em.
We’ll help you prepare every aspect of your personal Tax Return using the information and explanations you give us, and combing through this thoroughly to ensure no errors have been made.
We’ll calculate your personal tax bill and payments on account so that you know exactly how much you’ll need to pay in order to avoid any penalties and interest. We’ll also advise on possible claims and elections arising from your Personal Tax Return, and from the information supplied by you, in order to minimise your personal tax bills.
We’ll even file your personal Tax Return online, on your behalf, and will check HM Revenue & Customs’ calculation of your tax bills and initiate repayment claims if you have overpaid.
We can deal with all communications relating to your personal Tax Return that are directly addressed to us by HMRC, or forwarded to us by you – no more waiting on hold for 2 hours listening to dreadful music – we’ll suffer that on your behalf!
By planning ahead and being aware of the advantages at your disposal, we can help you minimise the amount of personal tax you need to pay. Whether you are a sole trader, landlord or investor, we can give you sound advice about income tax and capital gains tax that will save you pennies and pounds in the log run.
Company Secretarial
If you’re one of the brave souls who starts a new company each year (we remember those exciting and nerve wracking days) we’ll manage the entire incorporation process from a financial standpoint, preparing and filing annual confirmation statements on your behalf, and even preparing dividend vouchers and board minutes – everything you need to get your new venture off the ground.
We also take care of everything if you’re looking to issue new shares or new types of shares – all the pesky company admin dealt with on your behalf, so you can stay organised and start as you meant to go on.
