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Why draft Profit & Loss Statement Five times in a year?

You can find out how business is growing and whether it is making a profit or not.
Inland Revenue Service is not comfortable if you withdraw money regularly from your limited company business.
If your business is doing well, you can find out your potential VAT and tax liabilities and decide how much money you can withdraw and spend while the year is in progress and you can plan the budget and pay minimum tax.
If your business is not making profit, you cannot declare dividends.
As all your records are balanced on a quarterly basis, it will lead to fewer questions or perhaps no questions from the tax authorities.
By reconciliation of records, we can eliminate any potential problems even before they arise.
STR Accountants is a dynamic and innovative accounting and consulting firm providing wide variety of diversified services and practices to our current and potential clients. They range from routine bookkeeping to business start up advice to stock exchange reporting requirements for medium size businesses. For a closer look at the range of services and practices we can provide you or your business please refer to our services section.

Get Your Weekend Back! No More Bookkeeping

If you are a Contractor, Self Employed, Sole Trader or owner of a small business, why not let us take care of time-sheets, expenses, invoicing, bookkeeping and payments?

Do You Think You Are Paying Too Much Tax?

Let us review your current tax position, and see if there is a more tax efficient route.
It’s Self Assessment Taxation Time
Let us help you with your self assessment tax returns by getting them completed and submitted. Then you can forget about them for another year.

Accountancy / Bookkeeping

Accountancy / Bookkeeping All businesses are required to keep business records, an extra burden on the busy entrepreneur and an added distraction from the business of making money. Records used for the day to day running of the business will need to be turned into a set of formal year end accounts to support your tax returns and to meet other statutory requirements. Formal accounts are routinely required by banks and key stakeholders of the business. Companies need to comply with legal requirements and Accounting Standards when preparing their annual accounts for submission to Companies House, while sole-traders and partnerships will require some form of accounts to support self assessment tax returns. With experience of large and small businesses, STR Accountants can help you keep your records and advise you of best practice in a form relevant to your business. STR Accountants offer the following services to help you:

  • Keeping books and records;
  • Review your accounting systems and recommend improvements;
  • Assisting with the preparation of VAT returns;
  • Help you design reports providing relevant timely management information;
  • Regular meetings to help you understand your financial position;
  • Preparing monthly or quarterly management and year end accounts, including full statutory disclosures;

Payroll

Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. The task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
STR Accountants experienced staff can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

Customised pay slips;
Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc;
Completion of statutory forms, including yearend returns, to issue to your employees and submit to the Inland Revenue;
Summaries and analyses of staff costs;
Administration of incentive schemes, bonuses, and ex-gratia and termination payments.
Even if you have only a few employees, you will make savings by engaging STR Accountants to administer your payroll.

Taxation

Annual tax returns can be a nightmare; self assessment puts the burden on the tax payer, whether you are self-employed or operate through a company.
Take the headache out of the task of complying with your tax requirements, and preparing your self assessment returns, STR Accountants will deal with HM Revenue & Customs on your behalf.

Our Location

443 High Street North, London E12 6TJ
Tel : 0207 112 8184, Fax: 0207 112 8410, Mobile: 077 676 250 67

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