At David Collard & Co, we aim to provide a tailored service that meets the
personal needs and those of their business.
Accounts | Business & Personal Tax | Corporate Tax | Payroll Services | VAT |
Data Processing | Limited Companies
We have in depth knowledge and experience with clients of all sizes including sole traders, partnership and limited companies. We also have a large number of clients that have incomes from non business interests such as land and property incomes, income from investments and clients in employment.
As one of our primary services, we produce accounts for our clients as frequently as it is requested or as appropriate.
For our self employed clients, annual accounts are usually required to formally prepare Self Assessment Tax Returns which are in turn submitted to HM Revenue & Customs. However it is often the case that interim accounts information is required so that day to day business decisions may be made. As such, we regularly prepare management accounts on a monthly and quarterly basis while comparing these results to historic results, budget forecasts and future cash flow predictions. It may be that accounts and forecasts are required for presentation by the bank or other finance lenders. David Collard & Co can provide these documents which are tailored to the clients needs. In respect of our limited company clients, we prepare annual statutory and abbreviated accounts and provide submission of these documents to the relevant bodies as appropriate.
Business & Personal Tax
The complexities of the tax system means that it is often a confusing and daunting process to ensure all the relevant documents and tax liabilities are settled in advance of the strict deadlines. David Collard & Co aim to reduce the burden on our clients and provide a comprehensive tax service.
We provide a complete service from beginning to end which includes the preparation and submission of partnership and individual Self Assessment Tax Returns to HM Revenue & Customs. We are also able to complete Self Assessment Tax Returns for individuals where no business interest is apparent but the submission of a Tax Return is still required including calculations for Capital Gains Tax. We will make all tax calculations and advise you of your liabilities and any payments that may be due. Where possible, we will ensure that all applicable tax reliefs and losses are utilised as much as possible to maximise the benefit to our clients. Where significant events are likely to occur in the near future, David Collard & Co are able to advise our clients of any tax planning measures that should be taken to make the most of any tax reliefs that may be available.
The complexities of the tax system means that it is often a confusing and daunting process to ensure all the relevant documents and tax liabilities are settled in advance of the strict deadlines.
David Collard & Co aim to reduce the burden on our clients and provide a comprehensive tax service.
For our Limited Company clients, we can prepare in house, Corporation Tax Computations and the submission of a Company Tax Return (form CT600) to HM Revenue & Customs.
David Collard & Co endeavour that all tax reliefs are utilised effectively to ensure the maximum benefit is passed onto our clients.
We offer a full payroll bureau for accounts and non accounts clients. This process includes the provision of weekly, monthly and quarterly payslips which includes all statutory calculations and year end processes.
The introduction of Real Time Information (RTI) has meant that any payroll calculations are now to be reported to HM Revenue & Customs at the time of payment to your employees.
David Collard & Co is able to assist with this added administrative burden by providing a comprehensive payroll service to our clients.
We also cater for those clients that are involved within the construction industry and may suffer Construction Industry Scheme (CIS) deductions on both their income and payments to sub contractors.
It is common for our clients to outsource their VAT return completion to us, regardless of industry or VAT scheme they may have in place and we are able to submit the relevant figures directly to HM Revenue & Customs on the clients behalf.
Where appropriate we will advise our clients of any VAT schemes that may be available to them and the benefits that could be achieved should these schemes be undertaken.
It can often prove to be expensive or excessive to provide a full in house accounts department.
David Collard & Co can assist our clients by providing an occasional data and bookkeeping services through to replacing a full accounts function. This can be completed on site at the clients premises or in house at our modern offices in Taunton.
This service may also include data entry, control account reconciliations and year end close down.
With a range of experience in dealing with limited company clients, we are able to prepare full statutory annual and abbreviated accounts and provide submission of these documents to the relevant bodies as appropriate.
From a taxation point of view, the accounts preparation is followed up with the preparation of a corporation tax return, which is prepared in house. This is subsequently submitted to HM Revenue & Customs and David Collard & Co endeavour that all tax reliefs are utilised effectively to ensure the maximum benefit is passed onto our clients.