Supreme Class Accountants
Advisory Services
Limited companies have filing requirements to maintain each year. Annual returns and annual accounts, company tax returns and statutory accounts. Also, corporation tax must be paid on all taxable profit. Penalties are chargeable for late filing or inaccurate returns
Vat Returns
Most businesses with a turnover more than £85K are required to register for VAT. There are exceptions and some businesses will benefit from registration before this threshold. There are also a few schemes tailored to specific market sectors.
Corporation Tax
Your company or association must file a company tax return if you get a ‘notice to deliver’ a company tax return from HM Revenue and Customs. You must still send a return if you make a loss or have no corporation tax to pay.
Accountancy Services
Our services include advice and support on employment law, business strategy, raising finance and many other areas. SME’s, particularly new starts are exposed to cashflow problems. We act as your internal finance department, assisting with operational issues helping cashflow.
Compliance Services
All businesses have duties and responsibilities under the law. Outside of financial returns, there are requirements on data protection, environmental issues, health and safety and many related issues. We help businesses by auditing the business and provide guidance on compliance issues relating to your operation.
Holding Company Services
A holding company is a company which has shares in other companies, often being a parent company to the subsidiary. Issues around holding companies include double taxation, capital gains, dividend distribution, intellectual property and offshore implications.
Personal Taxation
Anyone who is not employed under PAYE or registered unemployed is deemed to be “self-employed” and is required to return an annual self-assessment. Failure to do so can result in fines and in some cases imprisonment. Many people, when completing self-assessment, do not claim the benefits they are entitled to – and pay too much tax.
Payroll Services
Running payroll can be difficult and time consuming – let us do it for you. At Supreme Class, we offer a bespoke payroll outsourcing service which helps you stay compliant with the latest legislation. We run a full payroll service for businesses, including payslips, deductions, monthly reports, annual P60 returns, pension provision and related activities.
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