Assist can help you with getting your company accounts and Corporation Tax return done and dusted.
Accounting is the language of business. Your annual accounts can provide many different measures of success or warning signs of trouble ahead. We are not only here to prepare your company accounts; we are here to help you understand them too.
Is paperwork wearing you down? Assist will manage your day-to-day data entry and organise your business chaos. Freeing you time to focus on doing what you do best. Stop worrying about late VAT returns with our automated processing.
If your books have been put a side for far too long and the pile is keeping you up at night, we are here to do the catch-up for you too!
A cashflow forecast projects the financial performance of your business. It is a great help towards business planning and budgeting. At Assist, we can help you with forward planning and put you in full control of your business finances.
To ensure that you meet the CIS requirements, we will ensure that every subcontractor is verified with HMRC, fully-compliant submissions are filed on-time to HMRC, payment and deduction statements are produced for your subcontractors.
If you are a subcontractor yourself, we will also deal with any CIS re-claims from contractors.
“Every big business starts small”. We offer limited company set up free of charge and advice that comes with it when you sign up to accounting with Assist. Trading as a Limited company is the most favoured type of business activity in the UK for more than one reason:
You have protection through limited liability
Tax and National insurance efficiency
Improved reputation/ credibility
Easier access to finance
Securing a trading name
When your customers or clients are not routinely paying your invoices on time and chasing for the outstanding balance has become a somewhat “spare time” job - Assist will chase your outstanding invoices for you. We will design and tailor a plan to your requirements and T&C’s. Your customers are as important to us as to you and so the tone of chase will be shaped to match your brand's tonality.
We provide dividend support within our packages, or on a pay as you go basis. If you need someone to take away the administrative task of producing a dividend voucher and board meeting minutes – we can do this for you. As a director, taking dividends is a tax-efficient way of receiving income from your company. A dividend voucher supports the monies taken and is an official document that is required by HMRC.
If you're looking to speak to someone about R&D reclaims, grant funding, commercial and corporate lending solutions or would like to consolidate utility bills into a single account, we are here to help!
We can save you valuable time by taking over your payroll, whether it is processed monthly or weekly. Assist will take care of your RTI submissions and your end-of-year filing requirements with HMRC, as well as provide you with payslips and payroll reports.
With HMRC updating IR35 regulations continuously, Assist will monitor your IR35 compliance and advise you on any changes or new rules coming into place. If you are worried about your status then please contact a member of our team.
Assist takes your reporting seriously. Your reports are brought to a year end standard on a monthly basis with provisions for taxes so that you can make effective business decisions.
We also understand the frustration of accountants talking about nothing else but what has happened in the past when it is too late to do anything about it. Our regular reporting provides you with forward-looking advice on a more regular basis.
Brilliant for those who want to grow their business, monitor business performance or simply plan ahead.
If your company provides benefit in kind to any of your employees or yourself you will need to submit a P11D form. These are assets for use or services which is received in addition to the salary. Examples of qualifying provisions include private healthcare, interest-free loans and company cars.
With the new government guidelines to ensure every employer follows the pension regulation requirements, let Assist help you set up your workplace pension, provide employee pension letter templates, auto-enrol your employees and ensure that your monthly contributions are submitted on time.
Assist is always on hand to provide unlimited support tailored to your sole-trader needs. We provide comprehensive tax return advice for our self-employed clients or for those with income from other sources. We ensure that all permitted deductions are factored into the calculation of your tax liability.
Safeguard by Assist
HMRC makes regular checks on Tax Returns, and the merest hint of a discrepancy can prompt an investigation.
Once they do, you’re responsible for providing all of the information HMRC demands. You may be able to resolve it yourself, but by their very nature these tend to be highly technical enquiries. You’ll most likely need our help, and as these investigations can take many hours to resolve, that could mean substantial costs. Our Safeguard package provides unlimited support in the event of an investigation.
Looking to maintain your books in-house? Assist is Xero Advisory Certified and can provide software training. We can train you or your staff on anything you would like to know within Xero - join us for a training session by calling us now.
We provide a variety of VAT services, including full support for VAT filing to quarterly health-checks for those who prepare their own VAT returns. We are also here to give guidance on the most advantageous VAT scheme for your specific trade. Want to become VAT registered? Or would you like to de-register from VAT? Assist is here to help you keep on track with any of your VAT needs.
Apart from Assist being your virtual finance department, we are also your Virtual PA, operating on a remote basis. We are always on hand to provide you a bespoke service for a wide array of professional needs, including email management where we will manage and mantain your email account as well as responding to any queries appropriately.