Services that are tailored to your specific needs.

1. Accountancy Services.

We have a complete suite of accounting services to suit all types of businesses, from Sole Traders to Limited Companies and Partnerships. As no two clients are the same, our services are tailored to the specific needs of each client. Some choose to take advantage of our monthly or quarterly management accounts service for additional insight into their business' performance, while others simply require assistance with annual accounting compliance. In any case, we endeavour to exercise our extensive knowledge and experience in a way that allows you to focus on running your business.

No business is too large or small, as Chartered Accountants, we provide the full spectrum of services to a diverse range of business with turnovers ranging from £5K to over £40M.

Below is a non-exhaustive list of our accounting services:

• Annual financial statements for Limited Companies.
• Annual financial statements for Limited Liability Partnerships.
• Annual accounts preparation for Sole Traders.
• Monthly management accounts.
• Quarterly management accounts.
• Business planning, projections, and valuations.
• Analysis of cashflows.      
• Tax investigations service (#6 for further details).

Contact Paul Phillis.

Managing Director

2. Bookkeeping & VAT.

We offer a comprehensive bookkeeping and VAT service that is both cost effective and tailored to the needs of our clients. This service is available to all types of businesses, from Sole Traders to Limited Companies and Partnerships. Our level of involvement in this area varies from client to client, from a complete service where the client has very minimal input, to quarter end VAT reviews where client completes the majority of bookkeeping entries themselves. Whatever your bookkeeping and VAT needs, our team of accounting professionals have the knowledge and experience required to deliver absolute accuracy in a timely manor. Thus, allowing your time to be focused on operating activities.

No business is too large or small, as Chartered Accountants, we provide the full spectrum of services to a diverse range of business with turnovers ranging from £5K to over £40M.

Below is a non-exhaustive list of our bookkeeping and VAT services:

• Cloud based bookkeeping allowing access to data globally. 
• Sales ledger control, including raising sales invoices if required. 
• Purchase ledger control.
• Accounting system development. 
• Quarterly VAT review and filing.
• Accounts training for Sage, Xero, and FreeAgent.
• Tax investigations service (#6 for further details).

Useful links:

• Online Accounting Software for Small Businesses | Sage UK
• Why Choose Xero for Your Small Business | Xero UK
• Automated accounting and bookkeeping software for small businesses - FreeAgent
  

Contact Mark David.

Accounts Senior

3. Payroll & CIS.

Administering payroll and CIS can often be time consuming and complex, while diverting time away from what you do best. In addition, the penalty regime inflicted by HM Revenue & Customs with respect to late or false submissions makes any mistakes rather costly.

We present to you our comprehensive payroll outsourcing solution that is both cost effective and designed to satisfy the ever evolving payroll requirements set out by HM Revenue & Customs. Our basic payroll package includes; processing any basic hours, salaries, overtime, bonuses, commissions, as well as any statutory payments. We will provide detailed and secure payslips for distribution to your employees along with the associated payroll summaries for your review. Once approved, we will file the associated RTI (real time information) report and advise of any PAYE liability due to HM Revenue & Customs. We offer an upgrade to our newly launched Email Payslip Facility which was introduced to reduce the amount of time you spend distributing payslips to employees, as well as minimising your business' carbon footprint. This entails us distributing email payslips direct to your employees for each given pay period. The email itself can be tailored to include your business' email signature or logo, as well as a short message to your employees. Security and confidentiality is of paramount importance to us, therefore any payslip provided direct to an employee will be password protected. This password will be completely unique to each employee and will be provided to them during the initial setup, or for new employees, prior to receiving their first payslip. 

Below is a non exhaustive list of our payroll services:

• Weekly payroll.
• Fortnightly payroll.
• Monthly payroll. 
• End of year filing.
• P46(Car) and annual P11D declarations.

As for CIS, we offer a comprehensive solution designed to comply with associated legislation outlined by HM Revenue and customs. 

Below is a non-exhaustive list of our CIS services:

• Monthly returns filed with HMRC.
• Subcontractor verifications.
• Monthly subcontractor statements.
• Recovery Employer Payment Submissions (EPS) - offsetting any CIS deducted by customers against the company's PAYE account (for Limited Companies only).

Useful links:

• Pro Payroll Solutions | P11D (propayrolltd.com)
• Pro Payroll Solutions | Auto-Enrolment (propayrolltd.com)
• Pro Payroll Solutions | CIS (propayrolltd.com)
• Starter checklist for PAYE - GOV.UK (www.gov.uk)
• Employers | The Pensions Regulator
• Smart Pension – workplace pensions and automatic enrolment
• About pensions | Nest Pensions
• Construction Industry Scheme (CIS) - GOV.UK (www.gov.uk)
  

Contact Tom J. Phillis.

Payroll Specialist

4. Self Assessment.

Whether you're a company director, landlord, high earner, or investor, our comprehensive self-assessment service provides an accurate and timely route to filing your annual tax return with HM Revenue & Customs. The current penalty regime inflicted by HM Revenue & Customs with respect to late or false submissions makes any mistakes rather costly. Our team of professionals have the knowledge and experience required to resolve your personal tax affairs with complete accuracy in a friendly and timely manor.   

Below is a non-exhaustive list of our self assessment services:

• Self assessment returns.
• Personal tax planning and advice. 
• Rental accounts.
• Sole trader accounts.
• Capital gains calculations.
• Tax investigations service (#6 for further details). 
  

Contact Rachel Bisgrove.

Senior Manager

5. Tax Planning.

We offer a fully comprehensive tax planning reviews no matter your individual or corporate position. Our extensive knowledge of the tax code will ensure you benefit in the long term, through optimising your tax position while meeting any relevant statutory requirements. We offer tax planning reviews around:

• Income taxation.
• Capital gains.
• Business structures and longer term exit strategy.  
• Corporate taxation.
• Capital expenditures.
• Inheritance tax.

Should you have any specific requests, please do feel free to get in touch.

Contact Paul Phillis.

Managing Director

6. Tax Investigations Service.

At Paul Phillis & Co we understand that tax is a little word with big implications. That’s why we work hard to give you the best possible advice and strategies to make tax altogether less taxing.

A tax investigation could cost you money even if you’ve done nothing wrong. HMRC are using sophisticated software to target all taxpayers. The very thought of an HMRC enquiry can be daunting but when you are selected for investigation, we can help you at every step of the process. Early professional representation is an essential part of your defence, this takes time, expense and flexibility on our behalf.

Our Tax Investigation Service in partnership with Markel Tax includes:

• Representation from us in the event of an HMRC investigation, with zero excess and £125,000 fees indemnity.
• Peace of mind. We will deal directly with HMRC on your behalf safeguarding you from the concern and stress of unknown additional fees.

If you are in business:

• Employment Law advice, helping you to manage any potential employment issues.
• A Health & Safety advice line. Do you really know what the responsibilities and implications are?
  
• New! Law Hub. Providing practical DIY templates and guidance on everyday legal issues around employment, health and safety, trading and contracts, cyber and data, debt and insolvency.

We recommend that you take advantage of this service which renews on 10^th September 2022. To ensure you benefit from the security of our service, please contact us for further details.

Contact Tom J. Phillis.

Accounts Manager

7. Company Secretarial.

At Paul Phillis & Co we understand that keeping up with Companies House requirements can be complicated and time consuming for company secretaries and directors. Therefore, we offer the following services to ease the burden:   

• Registered office service @ 11A Corelli Street.
• Company formations.
• Company searches and credit checks.
• Dividend vouchers.
• Confirmation Statement completion and submission.
• Maintenance the statutory registers, including but not limited to; register of members, register of directors and secretaries, register of directors’ residential addresses, register of people with significant control, register of charges, records of director and shareholder meetings and resolutions.

Contact Paul Phillis.

Managing Director