Nelson & Co - Our Services
We assist our clients by removing the "red tape" burden from their shoulders.
We also help clients to get the best out of their business now and perhaps more importantly in the future.
Our services include:
Business start-up
Company formation and company secretarial
Statutory limited company accounts and self assessment company tax return
Sole trader and partnership accounts and self assessment tax returns
Taxation
Management accounts
Advice regarding accounting software
Business start-up
This can be the most crucial moment in any business' life. Many small businesses fall by the wayside in the first year.
We want you to focus on what you do best - building your business - while we provide all the necessary background support. Our aim with all start-up clients is to:
Ensure they satisfy all necessary rules and regulations and meet all filing and reporting deadlines.
Opt for the trading vehicle that best suits their business (sole trader, partnership, limited company or limited liability partnership)
Advise and assist them in any funding requirements (grants, loans etc)
Advise and assist in the keeping of good business records.
Assist them with any accounting software requirements.
Assist with any business plans, cashflows and budgets that may be required by banks etc.
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Company formation and company secretarial
Running a limited company can be fraught with time consuming compliance issues. Nelson & Co offer a full secretarial service including:
Company formation
Registered office address
Advice on your responsibilities under company law
Filing of all relevant documents including annual returns and accounts
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Statutory limited company accounts and self assessment company tax returns
Having us prepare your annual accounts has many benefits:
You receive an accurate picture of your true financial position
We have the opportunity to identify any potential areas of weakness in your business and advise accordingly.
You have peace of mind in knowing that your accounts meet statutory requirements.
Confirmation of the corporation tax liability and preparation of the company self assessment tax return.
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Sole trader and partnership accounts and self assessment tax returns
Sole traders and partnerships need to produce accurate accounts to assess performance and for taxation purposes. We will advise on any potential areas of weakness in your business.
Self assessment can be a time consuming and confusing business for busy individuals. It can also be costly with penalties for missing deadlines. We aim to spare you all these headaches by:
Calculating your tax liability
Completing and filing your tax return on your behalf
Advising you when various tax payments are due and how much to pay
Introducing you to any relevant tax saving ideas
Representing you in the event of your being selected for enquiry by the Inland Revenue.
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Taxation
We offer expert advice on all areas of business and personal taxation. This will help you to minimise liabilities and gain the maximum advantage from existing legislation in the following areas:
Capital Gains Tax eg sale of shares, property or businesses
Corporation Tax eg how to minimise liabilities.
Income Tax eg furnished holiday lettings, the IR 35 issue, etc
Inheritance Tax eg how you can arrange your affairs to avoid paying over £100,000 tax to the Revenue.
PAYE and National Insurance eg how to minimise paying NI, golden handshakes etc
Value Added Tax eg voluntary registration, the option to tax rentals, etc
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Management accounts
The implications of short term financial strategy can be the difference between success and failure for any smaller business. The production of regular management accounts assists dramatically in the decision making process.
Regular management accounts can help identify a business' strengths, weaknesses and opportunities for improvement.
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Advice regarding accounting software
We have experience of a number of accounting software products (accounts preparation, payroll etc). Finding the right product can be a minefield. Implementing the wrong software is expensive in time and resources. We can help you avoid these pitfalls.
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