Traditional Services

cropped-10550964_10203549337277373_1063126759629092939_n1.jpgCooper Bradshaw recognise that every client is different and requires a tailored service to meet their invididual needs and situations but below is a summary of our more traditional services:

 

Annual Accounts Preparation

  • We can prepare full accounts for your business whether you have a limited company are in a partnership or a sole trader
  • Produce financial statements for filing at Companies House and abbreviated accounts to ensure the minimum amount of financial information is made available to the public

Accounts are processed in an efficient manner. You should expect to receive either the completed accounts or queries relating to the accounts within three weeks of sending the records to ourselves.However, we can do more than just report the history of what has already happened, we can…

  • Identify areas where you can minimise your tax liability
  • Identify areas of the business that gives you the most opportunity to make improvements
  • Use the accounts to help you measure where you are 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.

Management Accounts and Information

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.

Taxation Services, Tax Returns and Self-Assessment

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

Personal Tax

Personal tax services are available for both business owners and private individuals including:-

  • All aspects of Self-Assessment
  • Dealing with Tax Returns
  • Computation of liabilities
  • Corresponding with H M Revenue & Customs
  • Computation of Capital Gains
  • Preparation of income from property accounts

Property Tax

Are you a buy to let investor, property dealer or developer?Property tax is a bit of a maze and we can advise you on issues such as…

  • Tax reduction strategies for rental income;
  • What is a repair and tax deductible and what is capital and not;
  • When to use a Limited Company to save tax;
  • Trading income versus Capital Gain considerations and advice;
  • Capital Gains rollover and holdover considerations;
  • Stamp duty planning;
  • Tax efficient mortgage structures;
  • VAT considerations of property deals;
  • Making the most of the Principal Private Residence election;
  • Tax issues on the sale of part of your residence;
  • Second homes;
  • Tax advantages of furnished holiday lettings.

Capital Gains Tax

This is a complex area of taxation where good advice given before the sale takes place can save you thousands of pounds. If you are thinking of selling any asset for example a business, buy to let property or shares, please contact ourselves.We can help in the following ways

  • Advise on method and timing of disposals to minimize capital gains tax
  • Prepare capital gains tax computations and calculate the tax due
  • Complete the relevant pages on your Tax Return
  • Advice on all matters which relate to capital gains for example only or main residence relief, letting relief , entrepreneurs relief

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