A full payroll service is offered to our clients which includes setting up your company as an employer with HMRC, all monthly payslips, P45s, P60s and all Real Time Information (RTI) submissions. Additionally, this is extended to include an auto-enrolment compliant pension service. Additionally, we offer a full CIS service issuing remittance slips to sub-contractors and submission of CIS returns direct to HMRC.

Any Individual running a business as a sole trader will be required to file an annual self-assessment tax return by the 31^st January each year.  At Hughes Accountancy we have a wealth of experience and knowledge of the tax reliefs and allowances available to sole traders.  As part of our service, we produce a bound set of financial statements for you to keep as part of your business records.  We will also prepare and file your tax return all using our specialist Sage Taxation software providing a highly professional service

Additionally, any individual who has untaxed income such as property rental income is required to complete an annual self-assessment tax return.

We offer a full range of services to all Partnerships including recording all of income and expenditure in either a simple profit & loss account or using full double entered accounts depending on the size and complexity of the business. At the year end, a partnership tax return is required together with individual self-assessment tax returns for each partner.  Partnerships need not be complex with the right information and guidance by an experienced accountant.

All limited companies are required to submit a corporation tax return to HMRC not longer than 12 months after the end of their financial year.  Companies are also required to complete an annual Confirmation Statement and file micro-entity accounts to Companies House 9 months after the end of the financial year.  At Hughes Accountancy, we use our detailed knowledge and specialist software to prepare your annual financial statements and corporation tax return so that it conforms with all the current accounting standards whilst making maximum use of the reliefs and allowances available.

We will file your corporation tax return with the HMRC, file your micro-entity accounts with Companies House, issue a bound document that makes your accounts easy to understand and advise on all payments, dates and deadlines.

At Hughes Accountancy we can guide you through the complexities of the legislation concerning VAT including Making Tax Digital (MTD). Companies supplying goods in the EU are also required to fill out a quarterly EC Sales List with the HMRC. At Hughes Accountancy we can assist you with your quarterly VAT returns and give you compliance advice about when you should register for VAT or even when perhaps it would be advisable to de-register for VAT.

Hughes Accountancy can also offer expert guidance on Capital Gains Tax (CGT) implications for individuals and limited companies. CGT can arise on the sale or gift of certain assets. There are many assets which are exempt from CGT but it is always worth obtaining the advice of a qualified accountant to see whether or not there are any implications. At Hughes Accountancy we can undertake computations for gains on the sale of shares, chattles (moveable property for example a painting or jewellery), land (whole or part) and property (principle and second homes).

Hughes Accountancy offer a full range of services to suit each individual client’s requirements. These can include budgeting and forecasting and assistance with costing projects.  Without timely and accurate management accounts, many companies simply have no idea as to whether they are making a profit, whether overheads are out of control or whether they are even charging enough for their products or services.  Hughes Accountancy, tailor a bespoke management accounts service to suit the individual client and provide them with the management information they need to successfully run and grow their business.