Accounting

Confirmation Statement

Tax Returns

VAT Returns

Bookkeeping

Payrolls

Comprehensive Services Offered by Business Management Consultation Ltd

At Business Management Consultation Ltd, we are committed to delivering expert services that support your business’s financial health and operational efficiency. Our range of services is designed to meet the needs of businesses at every stage of their growth, ensuring compliance, accurate financial reporting, and strategic guidance. Below is an in-depth overview of the services we offer:

Confirmation Statement

Maintaining compliance with regulatory requirements is essential for your business’s credibility and smooth operation. Our team handles the preparation and submission of your company’s annual confirmation statement to Companies House, ensuring that all information is up to date and accurate. We will manage this critical task efficiently and effectively, allowing you to focus on your core business activities while we take care of your statutory responsibilities.

Tax Returns

Tax compliance is a vital part of running any business, and our team is here to ensure that your tax obligations are met with precision and accuracy. Whether you are a sole trader, a partnership, or a limited company, we offer:

• Preparation and submission of annual tax returns: Declaring your income, business expenses, and tax liabilities to HMRC in a timely and accurate manner.
• Tax planning strategies: Identifying opportunities to minimize your tax liability while ensuring full compliance.
• Expert guidance: Navigating complex tax regulations and handling any queries from HMRC on your behalf.

Our goal is to help you meet your obligations and optimize your tax position without the stress of managing it yourself.

VAT Returns

If your business’s taxable turnover meets the VAT threshold, registration and VAT return submissions are mandatory. We take the complexity out of VAT compliance with our full-service solution, which includes:

• Assistance with VAT registration: Guiding you through the process and ensuring timely registration.
• VAT planning and advice: Helping you manage VAT efficiently and advising on the best strategies for your business.
• Preparation and submission of VAT returns: Managing quarterly VAT filings to ensure compliance and avoid penalties.
• VAT health checks: Conducting thorough reviews of your VAT processes to identify potential areas for improvement and ensure accuracy.

Our expert team works diligently to manage all VAT-related activities so you can focus on driving your business forward without worrying about tax deadlines.

Bookkeeping

Bookkeeping is essential for maintaining accurate financial records but can often be time-consuming and complex. Our expert team will:

• Record and categorize financial transactions: Ensuring that all income and expenses are accurately logged and organized.
• Prepare monthly or quarterly management accounts: Giving you insight into your business’s financial performance, helping you make informed decisions.
• Reconcile bank statements and credit card accounts: Verifying the accuracy of your records by cross-referencing your financial statements.
• Manage accounts payable and receivable: Keeping track of invoices, payments, and collections to maintain healthy cash flow.

Outsourcing your bookkeeping to us not only saves you time but also ensures that your records are kept up-to-date and compliant, reducing the burden on your in-house staff and minimizing the cost of year-end statutory work.

Payroll Services

Payroll management requires careful attention to detail, up-to-date knowledge of regulations, and efficient handling. With our payroll services, you gain:

• Employee pay slip production: Accurate, timely, and confidential pay slip generation for your staff.
• Calculation of tax and NIC contributions: Ensuring all employee taxes and National Insurance contributions are correctly calculated and deducted.
• Handling special leave: Adjusting payroll for periods of sickness, maternity, paternity, and other leave types to ensure compliance.
• Preparation of PAYE returns: Managing your monthly PAYE submissions and employer NIC contributions.
• Employee documentation: Creation of P45 forms when employees leave, and P60 forms for year-end reporting, summarizing their total taxable income and tax paid.

Our payroll services help you stay compliant with payroll regulations and free up time, allowing you to focus on other important aspects of your business while ensuring that your employees are paid accurately and on time.

Company Account and Year-End Services

End-of-year accounting can be complex, but with Business Management Consultation Ltd, you can trust that we will handle every detail. Our services include:

• Complete preparation of statutory year-end accounts: Preparing your financial statements in line with UK accounting standards and filing them with HMRC and Companies House.
• Smooth transition from previous accountants: If you are switching from another accounting firm, we will liaise directly with them to ensure a seamless handover of your financial records.
• Thorough checks for accuracy: We review your bookkeeping to confirm that all entries are correct and complete before beginning work on your year-end accounts.
• Strategic financial insight: We offer insights into your financial health based on your accounts, helping you make informed decisions for the upcoming year.

Our expert team ensures that your financial statements are prepared accurately, compliant with all regulations, and delivered on time to meet all statutory deadlines.