Practice Areas
As an accountancy, we have many years of experience within the business of TAX and Bookkeeping
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We pride ourselves on our attention to detail and our work ethic with our clients. This is why you need Burford's for your Accountancy needs, people that care about you and your money matters.
Bookkeeping
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Burfords can take care of your routine bookkeeping for you. All you need to do is send us your bank statements, sales invoices, purchase invoices, expenses and any other financial information on a regular basis and we will process the paperwork for you. The benefits of entrusting your bookkeeping to Burfords include:
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Improved control of your financial affairs
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Free up time for more productive activities
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Production of VAT returns and submission to HMRC
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Production of management accounts on a regular basis to assist you in making informed decisions.
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Computation of budgets, cashflows, forecasts, trends, key ratios and analysis.
Payroll
Due to recent changes to the PAYE system it is now especially important to ensure that PAYE returns are submitted accurately and on time.
The responsibility for completing the payroll lies firmly with the employers, who, if they get it wrong, are now subject to the HMRC penalty regime. Burfords can run your payroll for you with a customised service that includes:
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Production of payslips for employees
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Provision of weekly, two weekly, four weekly or monthly payroll summaries
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Processing of starters & leavers
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Calculation of student loan deductions, maternity pay & statutory sick pay
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Production of PAYE returns to HMRC in a timely fashion
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Provision of journals for posting to your accounting system
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Fully inclusive set up and processing for Auto enrolment
Our trained staff use specialised payroll software and will deliver your payroll requirements accurately and on time.
Construction Industry Scheme
Under the Construction Industry Scheme HMRC require a monthly submission to be made advising them of payments made to subcontractors. Penalties accumulate for late filing of returns.
Burfords can take care of this time consuming task. You simply need to provide us with a list of payments made to your subcontractors during the month. We can liase with HMRC to obtain verification of new subcontactors before you make any payments.
If you are just starting up we can set up your scheme and maintain the necessary records.
On a monthly basis Burfords will:
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Advise of any payments necessary, ensuring you comply with the timescales set by HMRC
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Completion of your monthly Construction Industry deduction and payment statements.
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Production of your subcontractor remittances.
Sole Traders and Partnerships
Burfords can provide a complete tax return service for sole traders and partnerships. Our services include:
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Preparation of business accounts
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Computation of income tax liability
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Completion and submission of tax returns in a timely manner
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Review of taxation affairs and provision of taxation advice
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All correspondance with HMRC
Limited Companies and Corporation Tax Returns
Every company must ensure that it's tax return is submitted to HMRC in a timely manner, failure to do so may result in penalties and interest charges. Burfords can provide the following services:
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Preparation of statutory company accounts and filing with Companies House.
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Computation of corporation tax liability
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Tax compliance and advice
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Tax planning
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Submission of tax return to HMRC
VAT
Burfords provides a comprehensive VAT Service including:
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VAT Registration and De-Registration
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Advice on VAT scheme options
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Completion and submission of VAT Returns
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Dealing with VAT compliance visits
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Correspondance with HMRC
Other Business
Business Start Ups
Burfords can advise you on the most suitable business structure that fits your business and personal requirements. We will ensure that tax efficiency is discussed and forms part of our recommendation. We will then assist with the formation of your business whether it is as a sole trader, partnership or limited company. We will register you with HMRC for all the relevant taxes for your business.
Company Formation
Burfords can form your new company for you very quickly. Once we have checked with Companies House that the name of your new company is available we can usually form it on the same day if your information is provided by midday.
Company Secretarial
Burfords can supply professional support to enable you to meet your statutory responsibilities as a company director. Services include:
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Filing of statutory accounts and annual confirmation statements
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Maintaining statutory registers and books
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Appointment and registration of officers
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Completion of share transfer forms and preparing share certificates