Services
Simple is good, Simple and effective is better.
Accounting Software
Are you looking for the right accounting software for your business?
If you need advice on the right accounts or payroll software for you, please talk to us.
In addition, being a fully computerised practice we have a great understanding of many I.T. areas and knowing our clients are in an excellent position to help them. We can often help or point you in the right direction with…
- Accounts software
- Online accounts packages
- Payroll software
- Contact management software
- Advising on the necessary hardware
- E-mail and internet set up
- Management reporting solutions
- Use of various office software packages
We can also offer training in use of some of the leading packages both for desktop and on the cloud. We encourage our clients to use cloud accounting software as it provides excellent efficiencies within the business and in timely supply of financial information to us to fulfil our compliance and business advisory services. Read more about this here.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Accounts Preparation
Do you need accurate accounts provided on time?
We can…
- Prepare accounts to help in completion of self-assessment tax returns
- Produce financial statements to file at Companies House and abridged accounts to ensure the minimum amount of your financial information is made public
Accounts are prepared to agreed timescales and deadlines.
But we can do more than just report the history of what’s already happened…
- Identify areas where we 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
We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Book Keeping
Stressed out with the paperwork?
Let us take it off your hands…
Drop off your invoices, bank statements, etc
- We do all the processing
- We can then easily prepare for you…
- Management Accounts
- VAT Returns
- Key Performance Indicators
- End of Year Accounts
- Estimated Tax Liabilities as you go along so there’s no end of year surprises
- You pick up the records (neatly filed and organised!) and all the information we’ve agreed to provide you with
- We can provide you with cloud software and apps to help reduce the paper burden to nil so that all your bookkeeping is maintained digitally, in line with HMRC requirements
It also makes it easy for us to handle any VAT inspections.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
VAT Returns
VAT Returns getting you down?
Compliance with VAT is complex. Investigations by the VAT Man can be intense – all the more important that your VAT returns are completed correctly.
There are three methods we can use to assist in the completion of VAT returns…
- Let us do your book-keeping and we complete the return from there
- Give us your books and we’ll complete the return for you
- Provide training on how to complete your return
We complete VAT returns in good time to ensure you avoid any penalties.
In addition we can assist with…
- Applying for VAT registration
- Advice on the VAT schemes suitable to your business
- VAT planning
- Dealing with any disputes that arise with Customs
- Attendance at VAT inspections
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
VAT Planning and Disputes
Need help?
Compliance with VAT is becoming ever more complex. Investigations from the VAT Man can be intense – all the more important that you have an accountant who is successful in negotiations with them.
We take the best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.
We can help you with VAT in the following ways…
- Applying for and advice on VAT registration
- Advice on the VAT schemes suitable to your business
- Completion of VAT returns – either from your books or we can do the book-keeping for you. By letting us complete your VAT return it ensures that it will be accurate and that you don’t miss any opportunities to claim the VAT you should
- Dealing with VAT control visits
- Dealing with any contentious disputes that arise with Customs
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
VAT Health-check
Worried about a VAT Inspection?
Our VAT Healthcheck service is designed to find any VAT issues before the VAT Man does!
Why not call us prior to any visit?
The health check can…
- Review and sample check your accounting records for errors
- Sample test the most common errors that the VAT inspectors look for
- Statistically analyse your completed VAT returns
- Sample check the completion of VAT returns
- Compare your VAT returns against your annual accounts
- Check the VAT treatment of your sales
- Consider whether you are making best use of relevant VAT schemes
- Ensure you are correctly applying the rules of VAT schemes
- Identify VAT planning opportunities.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Payroll and PAYE Returns
Everything seemed fine running your own business until the day you took on your first employee and became an unpaid tax collector.
This is when you found out what red tape was all about.
Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated and has to be done on time and you as the employer are responsible for the mistakes.
We run payrolls on time and can provide a tailor made service for your business including…
- Employee payslips
- Monthly summaries
- Departmental reports
- Dealing with leavers and starters
- Provision of analysis of staff costs
- Real Time Information (RTI) PAYE returns for the Revenue
- Assistance with automated payment set-up to your employees
- CIS returns completed by us
You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!
And at year end…
- Employee summary P60s
- P11D and P9D benefit and expenses returns
And the related tax planning advice…
Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues including…
- Tax efficient remuneration strategies
- Planning for retirement
- Termination payments
- Inducement payments
- Company car and van strategies
- Benefits planning
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Tax Returns and Self Assessment
Who said Tax doesn’t have to be taxing?
Tax Returns can be completed for…
- Individuals and sole traders
- Partnerships
- Limited Companies
The self-assessment regime is full of penalties and HMRC enquiry powers are extensive. It’s important that…
- Returns are correctly completed
- They are filed on time
- All backup records are retained for the appropriate period of time
As well as the completion of your return we can assist with…
- Advice on your tax liabilities
- Negotiating with the Collector if necessary
- Identifying suitable tax planning opportunities
- Completing all the necessary tax computations
- Dealing with all correspondence from HMRC, taking the worry away from you
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Tax Planning
We offer a tailored personal service to every client
At Digit Accountants, we offer personal & business tax advice from our offices in North West London. If you need a personal or business tax accountant, we can help. Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them and advising you of your tax position and liabilities. We try to do more than just this and are 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. We have extensive experience in this area of work and always fight as hard as we can for our clients.
We can help with tax planning in relation to…
- Personal taxes;
- Business taxes;
- Tax efficient employee remuneration strategies;
- VAT planning;
- Inheritance Tax strategies;
- Capital Gains;
- Profit extraction strategies;
- Exit strategies;
- Employment status;
- IR35 advice.
Apart from extensive experience in this arena, we have invested heavily in reference materials and specialist software and have access to the Tax Legislation, Tax Cases, to the internal manuals of HMRC and to detailed commentary on all taxes, direct and indirect. This allows us to research any tax topic at all and provide many ways of helping you legally save tax.
New clients are often surprised at how much can be done to help with their tax position. We are always willing to go that extra mile to offer advice on the areas where tax can be saved. We enjoy this work!
It is important that this work is done in advance and you should contact us as soon as possible.
All of our Tax Planning makes legitimate use of the Tax Legislation and Case Law, so that you are not put at additional risk from a full HMRC Enquiry, or where there are risks, these are pointed out to you.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Contractors and IR35
The Taxman loses most IR35 disputes!
Please contact us if you would like a free consultation to discuss the tax advantages of contracting in more detail and the different possible scenarios.
We offer all inclusive services for contractors including…
- Company formation
- Annual Accounts
- Company tax returns
- Personal Tax Returns
- Company secretarial service
- Book-keeping
- VAT Returns
- PAYE Returns
- Tax computations
- Review of contracts for IR35 status
- Provision of anti IR35 draft contracts
- Dealing with IR35 disputes
IR35
There are many factors to consider in deciding if a contractor is caught by the notorious IR35 legislation.
Fundamental factors to consider:
- Control
- The right to get a substitute or helper to do the job
- Mutuality of obligations
Other factors to consider:
- Provision of equipment
- Financial Risk
- Basis of Payment
- Opportunity to profit from sound management
- Part and parcel of the organisation
- Right of dismissal
- Employee benefits
- Intention of the parties
- Length of engagement
These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of Case Law in this area and the Taxman is not always right. They do not have the final say on whether somebody is caught by IR35 or not. We can argue your case for you.
The cost of employees and employers national insurance if you get it wrong are considerable as well as interest and penalties.
We can review your existing arrangements and give you our opinion on whether it will stand up to attack from the Revenue. We can help draft contracts for services to assist you and advise on how you can maximise your chances.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Company Formation
Do you want to take the risk of forming your own company?
There’s more to consider than just buying a cheap ready-made company on the internet!
We can assist you with company formations for…
- An off the shelf ready made company
- A tailor made company
- Limited Liability Partnership
- PLC formation
- Offshore companies in low tax jurisdictions
For urgent requests we can also arrange same day formations.
To check the availability of a Limited Company name, you can use the Companies House Information Service. Type in the name you want, select the option for “Company Name Availability Search” and see if it comes up in the list.
Our 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
- Tax review with regard to company formation – forming the company yourself and getting this wrong can be very costly!
- VAT registration
- Company registration for Corporation Tax
- Set up of Company PAYE scheme
- Book-keeping set-up advice
- Business plans
- Assistance with raising finance
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Financial Business Plans
Research suggests that those businesses with a written business plan are far more likely to succeed.
Financial business plans are regularly needed to support finance applications, especially bank lending. At Digit Accountants we are specialists in business strategy, helping you to grow your business plan. Our offices are based in North West London, but we are also happy to work with our clients at their own locations.
We can assist with all aspects of the business plan including…
- Financial business plans;
- Business strategy and goal setting;
- Budgets;
- Cash flow forecasts;
- Profit forecasts;
- All written elements of the plan such as business background, marketing plan, SWOT analysis, markets, competition and all of the other key elements that need presenting in the most suitable way to lenders.
After you’ve produced the plan, you need to monitor how you are doing against the plan and we can help you with this.
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Management Accounts
If you measure it, you can manage it!
Up to date, relevant and quickly produced management information allows you to make the right decisions.
Our management accounts and information services include…
- Monthly or quarterly management accounts
- Reporting of key performance indicators that are the underlying drivers that run your business
- Help with in house systems for you to produce your own information
- Training on how to get the most out of your information
- Supplying management information to lenders
- Branch/Divisional results
- Actual performance compared to budget and/or comparative periods
- Costing information, including break-even turnover levels
Next Step:
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.
Are You A Restaurant Owner?
Choosing a team of accountants who specialise in restaurants will mean that you have access to expert advice and support that you can trust.
Our Sectors
We provide services to many companies in the UK, majority of them based in London. Our major service sectors include
- Doctors and Nurses
- Construction & Property
- Care Homes
- IT Sectors
- Media & PR
- Hospitality & Catering
- High Net Worth Individuals
- Corporate Finance
- Automobile
- Advertising & Digital Marketing
Other Clients:
Although we at Digit Accountants specialise in the selective industries, this certainly isn’t all we do! Over the last few years, we have grown our client portfolio across a diverse range of sectors, allowing us to further develop our knowledge and expertise.
Let's Get In Touch
Message
Our Contact
Email Address
enquiry@digitaccountants.co.uk
Call Us
+44 (0) 20 346 85546
+44 (0) 77 3293 0303