Additional Accounting Services

VAT Schemes and Thresholds

In addition to the core Compliance Services and the Value Added Services we have on offer, there may be occasions where businesses require one-off Accounting Services.

This page covers our Additional Accounting Services; it is not an exhaustive list so please contact us to discuss your requirements.

Advice on Business Formations

If you are thinking of starting out in business now is the best time to engage with an Accountant.  We can review your circumstances and advise on the best business structure (Limited Company/Sole Trader/Partnership/Other) for your business.  We can also advise on your requirements for Companies House and HMRC registrations and whether or not you should be registered for VAT and other taxes.

If you require help with Finance we may be able to direct you to funds that are available such as Grants and Business Loans and we have a number of handy fact sheets to help with your early days in business.  We can also help prepare you for meetings with investors and loan providers by preparing and helping you to understand your Forecasts.

We would be happy to discuss any questions or fears you may have.


Company Formation Service

Setting up a new Company is a busy time with a lot to remember.  You are required to register with Companies House and HMRC for all the different taxes you may be due to pay.

We at TW Accounting Services can take the work out of your Company Formation by completing and submitting all the relevant paperwork to Companies House and HMRC on your behalf.  We can even help you with the opening of a business bank account.


System / Process Set-up

Many people who are starting out in business are new to the Financial and record keeping requirements imposed by the Government.  Very few would have any idea how to manage Financial Systems to help run the business and keep it compliant with current legislation.  However, if correct records are not kept, how will you know who you owe money to or who owes you money, and how would you know if your business is profitable?

Even if you intend to employ an Accountant or Book Keeper you as the Business Owner are still responsible for maintaining the basic records and the better these are kept – the lower your Accounting Fees will be, and the less likely you are to receive fines & penalties.

We at TW Accounting Services can spend time with you early in the life your Business helping to set up systems and processes to enable you to better manage your Accounting Records.  This could vary from setting up paper records and folders to keep receipts and invoices for passing to your book keeper – to setting up Payroll and Accounting Computer systems for you or your staff to maintain.

Getting this right in the early days can make a huge difference to the time and costs required to produce Tax Returns and Companies House Submissions.  It can also greatly help with the management of the business since better information is available for analysis.


Financial Advice

As your Accountant we are here whenever you need us to ask for advice and ‘bounce’ ideas of off.