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Traditional firm - Innovative approach


Please click on the below services for more information:
accounts & company secretarial tax and tax planning
Outsourcing
business start ups audit & assurance
investment & pensions consultancy & corporate services
 

Accounts & Company Secretarial

We provide a range of services to support all aspects of business administration. We can help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on other areas of your business. In short, we will make sure everything is in the right format, in the right place and at the right time.

Our range of services includes:

  • annual accounts (statutory accounts to comply with Companies Act requirements, consolidated accounts, and accounts for partnerships and sole traders);

  • payroll procedures;

  • tax returns;

  • grant claims;

  • company secretarial services;

  • preparation and filing of the annual return;

  • maintenance of the statutory registers;
 
  • preparation of company minutes and resolutions;

  • filing of accounts to Companies House;

  • appointment/resignation of directors or changes of details;

  • filing deadline reminders ;

  • completion of other Companies House forms, including the issue of new shares;

  • registered office facility.
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Tax & Tax Planning

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

  • Corporation tax services
    Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist 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. We will help 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.
  • Personal tax (including sole-traders and partnerships)
    We are specialists in income tax, capital gains tax and inheritance tax.
  • Self assessment
    We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

  • Personal tax planning
    Today, more and more emphasis is being put on taxpayers' individual responsibilities and everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

  • Estate planning
    Few of us like to think about dying, however the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

    It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight - along with a detailed knowledge of the current tax regime. We provide a comprehensive estate planning service that includes:

    • help with planning and reviewing a will;

    • making full use of exemptions and lower tax rates on lifetime transfers;

    • optimising lifetime transfers between family members;

    • transferring agricultural or business property;

    • transferring assets into trust; and

    • arranging adequate life assurance to cover potential inheritance tax liabilities.

    We also have expertise in dealing with trusts; a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.

  • VAT
    Ever changing regulations and the growing demands of Customs & Excise mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that over payments are not made. To help you manage this complex area, we 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 H M Revenue & Customs (HMRC); and

    • negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

  • HMRC investigations
    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'; consequently, tax investigations have become more frequent. We 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. If you are about to be the subject of an investigation, we can provide expert help and support.

  • Tax protection
    With the increased risk of such investigations it may be worth considering taking out an annual insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.

  • Bespoke tax planning
    We work with a selection of tax specialist firms and can assist in bespoke tax planning ideas to suit your needs.
 
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Audit & Assurance

As well as giving a precise and objective view of your business, an audit can add value by providing you with a powerful management tool to review your current and future plans.

Our dedicated audit team work swiftly and thoroughly whilst following robust procedures to ensure you are alerted to any potential threats and that the outcomes provide you with a true reflection of the business at that given time.

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Consultancy & Corporate Services

Your professional and personal goals are central to our consulting services - we take the time to get to know you better so we can offer the best advice.

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Investment & Pensions

In today's complicated and strictly regulated financial services market, providing independent financial advice requires specialist knowledge. We make use of our wide range of professional contacts to ensure you have a suitable independent adviser and we work with them to provide you with impartial advice in areas such as:

    • pension schemes;

    • life assurance;

    • critical illness cover;

    • private medical insurance and care plans;

    • individual savings accounts; and

    • investments.

Townsend Harrison is not authorised under the Financial Services and Markets Act 2000 but we are able, in certain circumstances, to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

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Business Start-Ups

Most people starting a new 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 - you need the support of a team of trained experts.

We can help. Bring us your business ideas and we will help you to make them a reality! You will always have a business advisor on the end of the phone happy to share their depth of experience.

We will help you to:

  • decide on the most suitable structure for your business - sole trader; partnership; limited liability partnership or limited company;

  • prepare a business plan; cashflow projections; budgets; and trading forecasts;

  • assess the finance requirements; advise on the best sources of finance and draw up the necessary proposals;

  • establish a good working relationship with your bank;
    complete any registration procedures with Companies House and H M Revenue & Customs;
 
  • 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.
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Outsourcing (bookkeeping, payroll & VAT)
We provide a range of services which allow you to concentrate on strategic issues and growing your business rather than the more mundane and often time consuming day to day tasks.

Outsourcing part or all of your accounting function allows you to take advantage of economies of scale, gives you access to high levels of external expertise, and ensures best practice and adherence to the latest rules and regulations.

Our range of services includes:

  • bookkeeping;

  • payroll;

  • VAT returns ;

  • management accounts;
 
  • cash flow forecasts;

  • budgeting;

  • credit control.
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Townsend Harrison Limited is registered in England & Wales. Registered Number: 04457437 Registered Office: 13 Yorkersgate, Malton, North Yorkshire YO17 7AA In accordance with the requirements of the Provision of Services Regulations 2009, we advise you that our professional indemnity insurer is Lloyds Syndicate 1225 of 6 Lloyds Avenue, London,EC3N 3AX. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.