Helen Hughes Accountancy |
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WELCOME TO HUGHES ACCOUNTANCY

A small, local practice specialising in a range of bookkeeping and taxation services for Individuals, Sole Traders, Partnerships and Limited Companies.

FRIENDLY SERVICE

We offer a friendly, yet professional service tailored around each individual client’s needs. we are always happy to visit a client at their business premises to work from there if required again at no extra cost.

FIXED FEE

We offer upfront fixed fee packages for all year end statutory accounts and taxation work for all types of individuals and businesses. Time-scales for the completion of work can be agreed up front with the client if so required.

BOOKKEEPING SERVICE

We offer a weekly, monthly, quarterly or ad hoc bookkeeping service to suit each individual client’s needs. We are proficient in the use of Sage 50, Quickbooks and many cloud based packages. We are happy to use the client’s software or carry out their bookkeeping using our own software at no extra cost.

MANAGEMENT ACCOUNTS SERVICE

For our bookkeeping clients, we also offer an integrated management accounts service as standard. Monthly and/or quarterly management accounts give the business owner or director the tools required to understand the financial performance of the business.

PAYROLL SERVICE

We offer a weekly or monthly payroll service which can often be carried out remotely for the client. All aspects of CIS submissions and RTI reporting are included as well as new starters, leavers and the year end P60s.

UP TO DATE

We pride ourselves in keeping up to date with latest changes to taxation legislation and constantly improve and update our skills and knowledge in all areas. We uphold a strong focus on professional ethics and would never undertake any work that we were not adequately qualified, experienced or licensed to carry out.

Helen Hughes is licensed and regulated by the AAT under licence number 7253. The AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Hughes Accountancy is supervised by the AAT in this respect.

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OUR SERVICES

At Hughes Accountancy, we offer accountancy and taxation services for Individuals, Sole Traders, Partnerships and Limited Companies, which include:

Bookkeeping

At Hughes Accountancy we aim to make bookkeeping as easy and manageable as possible to make sure you can spend more time developing your business. This is why our client led approach provides tailor made strategies and advice for our clients dependent on their business size and dependency needs. This is aided by our desktop and cloud-based accountancy software to record your business accounting transactions. Production of monthly, quarterly and annual profit and loss statements can be created to suit individual client needs. Whilst making bespoke strategies to help you get to grips with your credit control in turn aiding a healthy cash flow.

PAYE & Construction Industry Scheme

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.

Annual Self-Assessment tax Returns

Any Individual running a business as a sole trader will be required to file an annual self-assessment tax return by the 31st 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.

Services to Partnerships

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.

Limited Company Corporation Tax Returns

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.

VAT

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.

Capital Gains Tax

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).

Management Accounts

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.

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Hughes Accountancy, Water-ma-Trout, Helston, Cornwall, TR13

07504 898593

enquiries@hughesaccountancy.co.uk