We understand that each client has different requirements and faces different challenges. By getting to know our clients and their businesses well, we provide personalised accountancy support of the highest quality with the flexibility to adapt to our clients changing requirements and circumstances.
Below is a selection of the services we can offer.
Whether you are an individual, freelancer or sole trader, Self Assessment can be time consuming for busy individuals and without expertise can be a confusing process.
Many taxpayers are penalised by HMRC each year for :
We will ensure that you are not one of those many.
We are here to spare you the worry and free up your valuable time by acting as your advisor and agent in all matters relating to Self Assessment.
Our comprehensive Individual Self Assessment service is tailored to you and will include:
Parity Accounting will act as your agent with HMRC, file your returns on your behalf and deal with any claims to be made or queries raised by HMRC.
When drawing up your final accounts we will be keeping an eye on any tax opportunities or implications arising that will need to be brought to your attention. By developing an on-going understanding of your business, your future plans and your individual circumstances we are able to review the tax affairs of the company alongside the preparation of the final accounts and the tax return. We will ensure that you make the most of any allowable reliefs, tax losses and deferment opportunities and thereby minimise your corporation tax liabilities.
After consideration of any potential tax saving opportunities we will submit your return to HMRC on your behalf and advise you of your liability.
The UK VAT regime is complex and adds further to the administrative burden on VAT registered businesses. Different VAT schemes can appear confusing and the preparation and submission of VAT returns can be time- consuming. Mistakes made can be costly in terms of unexpected VAT liabilities and fines. Parity Accounting can advise, assist or take on completely your VAT affairs to ensure that you are on the right scheme, all deadlines are met, returns correctly submitted and payments made in time.
The Companies Act requires companies to file various documents within strict time limits. Not only is this a considerable administrative burden, failure to comply can result in potentially severe penalties for directors. Parity can relieve you of both the burden and the worry by helping with your Company Secretarial duties.
Our service includes providing you with a registered office address, maintaining statutory registers and preparing and filing Companies House forms.
This essential side of running a business is often side-lined by business owners who understandably want to focus on the business itself. Parity Accounting can take this on for you and make sure your records are kept up to date and compliant with statutory regulations. Up to date records will in turn help you plan better for the business.
Via Cloud Accounting, we can either work alongside you and provide support or take the function over completely thereby relieving you of mundane accounting tasks. If you are not already accounting in the cloud, we can advise on appropriate software (Sage or Xero) and help you implement this into your business.
We can provide the background accountancy support you need and thereby free you up to focus on growing and developing your business. We can advise on the right vehicle be it sole trader, partnership or limited company, assist you in setting up the appropriate books of account and systems and provide as little or as much on-going support as you need as you grow.
Our services include:
There are many reasons and motivations why you may wish to wind down your company. We can discuss and help you with this decision and then advise on the appropriate way to bring the business to a close and extract the profits in a tax efficient way.
Our services include:
Whatever your needs, get in touch with us for an initial chat to find out how we can help you. Every client is different and we will tailor our services to meet exactly what you need.
We can give you a quote for ad hoc advisory work or an annual all inclusive fee for an ongoing relationship.