company name

Accountant

 

Taxation
Personal Taxation - around 6 April annually, we will write to you with a Checklist of Documents that we will need to prepare these, together with any other useful data from our files.  Most clients appreciate the need to deal with this within a short time-frame to enable them to collate (and often chase up) the third parties.  Most clients have their Self-Assessment Tax Return filed well before 31 July annually.  This enables them to know with certainty, that the 31 July Payment on Account, which is only a provisional sum, can, if necessary, and beneficial, be replaced. 
When we write to you we will tell you the precise sum you will have to pay (or possibly receive) and when.
Business Tax - this service is how the accounting records (often the free ABC Accounts Book*) are turned into a set of Financial Accounts.  This is essential as a business tool, as it can be needed for other purposes, such as loans, etc.  Once Draft Financial Accounts are prepared and sent, a Note of Fee will be raised, based upon our time-costs.  Naturally, we expect, under our Letter of Engagement, that this is paid by return. 
* NB - other suitably approved substitutes are acceptable, provided our time-costs are also as economical as with ABC Accounts Books.
Why I designed the ABC Accounts Book
VAT Returns
VAT (Value Added Tax) is one of the most complex taxes imposed on business - so complex that many businesses inadvertently overpay or underpay.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations,  plus the ever growing demands of Her Majesty's Revenue & Customs (HMRC) call for a trained professional eye to ensure that you comply with the regulations.
Martin Levin provide a cost effective VAT service, which includes
● Assistance with VAT registration
● Advice on VAT planning and administration
● VAT control and reconciliation
● Help with completing VAT returns
● Negotiating with Her Majesty's Revenue & Customs (HMRC) in disputes and representing you at VAT tribunals
Hyperlink: Winning Before the VAT Tribunals

Book Keeping
The timely preparation of accurate accounts depends on diligent bookkeeping and maintaining proper payroll and VAT records.
Martin Levin can assist you and your business here by:
preparing VAT Returns and liaising, where necessary, with HM Revenue & Customs
Typically we find that for growing clients there is a need to outsource their bookkeeping to our freelance book-keepers.  This enables clients to save on our full annual accounts services, which would otherwise increase dis-proportionately.

- issuing you with a Free ABC Accounts Book on which you are merely copying your business transactions in a very simple and readable format.  That way, YOU are running your own business, and YOU are in a position of CONTROL.
Hyperlink: Why I designed the ABC Accounts Book
Alternatively should you wish to maintain other traditional methods of keeping records, such as: sales day book, cash & petty cash books, we will willingly oversee this.
- Payroll - this can be arranged, at a separate costing

Annual Accounts
If you are in business, you will need to have Financial Accounts prepared not only for the Taxman, the Bank Manager, as well as possibly the VAT man but also for yourself.
You will need to know how you are doing. Are your costings correct?  If you ask us to prepare accounts for you, once you have completed your Free ABC Accounts Book, and gathered in our checklist of key documentation, you can pass them on to us in the satisfaction that the Financial Accounts can rapidly be prepared from what are proven to be good records.
If, however, you chose to give us all the raw information (cheque stubs, bank statements paid bills, till rolls etc.) this will, of course take longer, and be more costly.  It pays to get good records (and always liaise with us if you are trying other forms of Accounting Records, as often the ones most widely advertised are NOT the easiest - and quickest - to prepare Financial Accounts. 
Computer discs of Accounting Records are acceptable, providing that they have been fully analysed (ask us for help on this).
You can e-mail your records to us to prepare your accounts.  Whichever way you choose to keep your records, we will endeavour to prepare accounts for you swiftly.  We will always endeavour to give you an estimate of what your tax bill is going to be.  Changes to the calculation might occur when we prepare a separate Self-Assessment Tax Return.  But then as soon as we know of any changes, so will you know of any tax-bill changes.   You will receive a bound set of Financial Accounts, together with an additional copy for you to sign, and return to us (with our Fee), so that we can send any approved copies to any authorised third parties, including HM Revenue & Customs, in support of any claims, etc. that might be needed in our professional representation of you.