Our commitment to our clients
Our mission is simple, we look after your Accounts and Finances so you can take care of your business.
We pride ourselves on providing our clients with a personal service while treating each client and their situation as unique, we always individually tailor our accounting solutions to suit your needs.
About Us
We are a firm of Chartered Accountants with operations based in London and Milton Keynes. Our mission is simple, we’ll look after your accounts so you can take care of your business. We are a practice, formed by two Directors who between us have over twenty years of experience in the financial services, corporate and public sectors. We utilise QuickBooks and Xero to handle the compliance quickly and efficiently, so we can focus on helping our clients’ businesses to grow and prosper. Whilst we focus on the London and Milton Keynes areas, using the latest technology – QuickBooks and Xero among others, we service clients in all counties across the UK without any issue and no loss of the personal touch. We help anyone from sole traders or individuals who need quick and effective support, to small-medium sized companies looking to take their business to the next level with the right support and software to handle their financials effectively and efficiently.
Services include preparation of year end accounts, personal tax returns, business tax returns and management accounts. As a licensed accountant regulated by a professional accountancy body our work is recognised by banks and other financial institutions. We are registered as an agent with the HM Revenue & Customs (HMRC) for VAT, PAYE, Self-Assessment and Corporation Tax.
Get in touch today to find out more – info@jayaidaccountingservices.co.uk or click contact us – for a free, no obligation consultation.
Services
Payroll
As a Limited Company you will need to run a payroll system. This isn't simply to ensure people, including yourself get paid but also to keep on top of tax and national insurance both personal and business. We can create payslips and keep on top of taxation elements including advise on the most tax efficient ways to remunerate directors including salaries, bonuses, dividends, pension payments etc.
Sole traders' income is different in that all income received technically belongs to the business owner, well at least until HMRC wants their share. In the very early stages of running a business it can be easy to spend your income either on living expenses or early business expenses. As result the taxation element can be forgotten until the time comes to pay the tax.
As your bookkeepers we would be forecasting your tax liabilities and advising ways to mitigate taxation as well as prudent saving and money management advice to ensure any tax liabilities are met on time.
We provide a fully compliant, fully managed payroll in line with HMRC's latest requirements using QuickBooks and Xero.Our Payroll Services include:
• Weekly, Fortnightly, Monthly or Quarterly Payroll along with Payslips
• HMRC PAYE/NI Submission and Payments
• New starters and Leavers
• Complete all P45′s, P46, P60′s etc...
• Deal and advise on Maternity, Sick and Holiday Pay
• Annual payroll filing needs including P35’s and P11D Expenses and Benefits returns
• Resolve and action your payroll issues and employee queries about their pay
HRMC Tax Returns
Self-Assessment Tax Returns
We will compute and submit your Self-Assessment tax returns to HM Revenue & Customs (HMRC) in a timely manner.
Typical examples of why you might need to register for self-assessment if (in the last tax year) you were (including, but not limited to):
• You are a sole trader
• You are a shareholder of a company and are receiving dividends (this could include small owner-managed businesses, too)
• You let out a property, earning a rental income
• You earn interest income
• You earn over £100,000 per annum from your employment
• You have income that is not taxed under PAYE
PAYE Returns
Registered as an agent with the HM Revenue & Customs (HMRC) for Pay-as -you-earn (PAYE) tax. We will compute and submit your returns to the HMRC in a timely manner.
Corporation Tax Returns (CT600)
Registered as an agent with the HM Revenue & Customs (HMRC) for Corporation Tax submission. We will compute and submit your returns to the HMRC in a timely manner.
VAT Returns
We assist with all aspects of VAT compliance, structuring transactions and maximising exemptions. Our aim is to help streamline your VAT processes and accounting procedures to deliver significant savings.
Making Tax Digital (MTD) compliant returns for VAT registered businesses. MTD signalled the end of the paper return.
Year End Accounts preparation and submission
Fully reconciled accounts for tax return compliance and peace of mind. Our qualified and experienced professional team will compile statutory financial statements to prepare your end of year accounts in accordance with the Company’s Act, relevant accounting and tax standards.
• Preparation of year-end balance sheet and profit & loss from clients records
• Review balance sheet to ensure reasonableness and reconcile to supporting schedules
• Review profit & loss by analysing trends and comparatives
• Review results from a tax point of view to ensure the most efficient tax outcome
• Compute corporation tax liability
• Preparation and filing of corporation tax returns along with accounts to the Companies House
Management Accounts
Monthly or quarterly reports providing you with timely information for decision making. Our management accounting services include but are not limited to:
• Customer and supplier activity and balances
• Cash flow reports
• Budgets and Forecast Setting
• Profit & Loss and Balance sheet reports
• Month by Month Profit & Loss reports
• Month by Month Actual v Budget Profit & Loss reports
• Cost centre and project analyses
Bookkeeping
We can take care of the numbers, so you can concentrate on your business. We offer full back-office service:
• Maintaining the Cash Book
• Bank account management and reconciliation
• VAT and payroll management
• Record Maintenance
Self Employed & Sole Trader Accounts
We provide a professional approach to preparing self-employed and sole trader accounts ensuring that all allowable expenditure is accounted for appropriately.
• Annual accounts produced from client records
• Capital allowance(s) computations
• Income tax computations
• Preparing and filing personal tax returns along with accounts to the Companies House
Cloud accounting software – QuickBooks and Xero
Cloud accounting software has truly taken off and it has changed the way businesses work, from invoicing to analytics and it certainly has enabled us accountants as well. With the ability to access your accounting records from anywhere across the world, from a web browser or an app. Incredibly efficient, easily accessible and modestly priced, we are a forward-thinking, cloud-ready practice, that uses QuickBooks and Xero. With QuickBooks and Xero you can, sync to your online banking, produce reports in an instant, handle your VAT, track your debtors and creditors and manage payroll, just to name a few functions. Easy to set up, we can have your QuickBooks or Xero account ready in minutes. Both come with the mobile functional app helps you take control of your finances - from invoicing on-the-go, viewing payroll or any other report you want to review.
Contact Us
- 27 Old GloucesterStreet, London, United Kingdom, WC1N 3AX.
- info@jayaidaccountingservices.co.uk
- 07479422354 / 07479424490