Brighten_Jeffrey_James offer a range of services in the areas of accountancy and tax. Browse the sections below to get an overview into the services we provide.

 

ACCOUNTANCY & BUSINESS MANAGEMENT top

We believe that accounting should be far more than just producing a set of accounts once a year. A proactive accountancy and business management service is the cornerstone of what we aim to deliver to our clients at all times.

The practice offers a complete accountancy service if required, or we would be happy to tailor our service to suit your individual needs.

  • Maintenance of all accounting records
  • Preparation of purchase and sales ledgers
  • Suggesting wherever necessary an alternative structure that will limit exposure to tax
  • Preparation of monthly/quarterly management accounts
  • Preparation of VAT returns
  • Preparation of cashflow projections and budgets
  • Preparation of final accounts
  • Preparation of weekly and monthly payroll
  • Preparation of P35, P11D, P45 and all other PAYE records
  • Attendance of VAT control visits
  • Attendance of PAYE monitoring visits
  • Company Secretarial Services
  • Preparation of Annual Returns
  • Filing of all Companies House Forms
  • Provision of Registered Office
Annual Accounts top
Annual business accounts are, of course, very important as they are required by the taxation authorities and often requested by banks and other lenders. At Brighten_Jeffrey_James, we are capable of producing annual accounts for virtually any type of business - sole trader, partnership, limited company and so on. top

Bookkeeping & Management Accounts top
The first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to meet your requirements and provide the services you need.

Besides your bookkeeping, we can maintain your VAT records and even take on short-term projects to relieve temporary overloads.

A key part of our service is the preparation of Management Accounts. Regular management accounting information enables us and our client see the progress of the business, track revenue and costs and generally provide good indications of where a business can make changes for the better.

We do not believe that giving you a set of figures once a year is enough. We therefore encourage our clients to consider quarterly or monthly management accounts so as to be in the best possible position to react to business developments and economic changes etc.

For clients prefer to prepare the management accounts in-house and we are happy to assist in the set-up, maintenance or interpretation of whatever system they choose to use.

Discuss your requirements with us and we will provide you with tailored information and constructive advice and the benefit of our extensive experience on a regular basis. top

 Auditing top
If you're running a limited company and your annual turnover exceeds £5.6 million and balance sheet total exceeds £2.8 million, then you are almost certainly required to conduct a statutory annual audit. This isn't a matter of choice - it's the law. Whilst we do not carry out statutory audits ourselves we can recommend or help you to select a suitable auditor.

PAYROLL / PAYE top
We can provide a complete and confidential service to administer your payroll and deal with the continual growing complexity of taxation and the accompanying regime of penalties for non-compliance.

We have experienced staff providing a comprehensive service, covering:

• Printed payslips
• Completion of monthly PAYE slips
• Full SSP & SMP calculations
• Completion of end of year forms P35 & P14/P60
• Completion of forms P45
• Standard reports as required

Our Payroll service operates on a fixed fee basis depending upon the number of employees and the services and reports required etc. top


TAXATION top

There are few, if any, individuals or businesses who like to pay income, corporate or personnel tax.

Taxation affects most, if not all our clients in different ways and at Brighten_Jeffrey_James, we have expertise on virtually every aspect of UK tax including:

  • Income tax
  • Corporation tax
  • Capital Gains tax
  • Inheritance tax
  • National Insurance Contributions
  • VAT

    We have experience in virtually all aspects of taxation. As with all of our services, we will be pleased to discuss your requirements at a free initial meeting with absolutely no obligation. top

    PERSONAL TAXATION top
    With the tax regime becoming increasingly complex and a greater emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements. We can provide you with year round tax advice on:

    • Income tax
    • Capital Gains tax
    • Inheritance tax
    • Trusts and estates
    • Non-domiciliary tax issues

    We can assist you with your personal taxation affairs whether you simply need a self- assessment tax return, or wish to look into long-term planning strategies.

    BUSINESS TAXATION top

    Business tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government. So timely advice on business taxation is worth every penny. We can advise you on such matters as:

    Business Structure top
    Which method of conducting your business is the most appropriate, cost-effective and tax efficient way; sole trader, partnership, limited company or a combination.

    Year End top
    Still relevant. Changing a business year end can make a difference, particularly where trade is seasonal or there is likely to be a disposal or cessation.

    Expenditure top
    What's tax allowable and what isn't. What's capital and what's revenue. When is the best time to make significant payments.

    Purchasing top
    What is the most efficient means; cash, loan, hire purchase, lease etc.

    Employees top
    Avoiding troubles with PAYE. Benefits in kind. Share options. Incentive schemes. Company pension schemes.

    Trading Abroad top
    Exchange rates, foreign taxation, customs etc.

    Government Departments top
    Dealing with the Inland Revenue, dealing with the DSS, dealing with Customs & Excise.


    VAT top
    Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses can inadvertently overpay or underpay VAT.

    The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise, call for a trained professional eye to ensure that you know what your are doing and not creating more problems than you think you are solving! They will eventually act informally and effectively shut you down.

    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 Customs and Excise
  • Negotiating with Customs and Excise in disputes and representing you at VAT tribunals

    • We have experience in virtually all aspects of taxation. As with all of our services, we will be pleased to discuss your requirements at a free initial meeting with absolutely no obligation.

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