0191 285 5339
walter@total-accounting.com

SERVICES

Total Accounting Network is licensed, regulated and supervised by the AAT, which is one of the largest of the professional accounting bodies. Therefore you have the reassurance of knowing business is conducted to the highest standards of professionalism and ethics. We offer a variety of services at reasonable cost including;

Self-Assessment Returns

You are obliged to submit tax return to HMRC if you are running a business. There are however often other circumstances where it will be necessary to do so, and in addition you may well be able to claim for work related expenses if your employer does not reimburse these. Please contact us for advice.

Accounts Preparation

Accounts are standard legal documents that follow strict format rules. Preparation is a step by step process, and they must show a true and fair view of the results (profit or loss) made by the business. We will produce your fully compliant accounts for submission to HMRC and any other purposes that may be required – for example your bank or loan provider.

Tax for Sole Traders, Partnerships & Companies

With our depth of knowledge and experience in dealing with small business we are well place to advise on taxation matters. Circumstances differ so we will suggest the most effective structure, and ensure that all the allowable expenses and deductions are taken into account, to ensure you pay no more tax than necessary.

Help with Payroll, Auto-Enrolment and RTI

Payroll has changed dramatically in recent years, with the advent of RTI and now Auto-Enrolment. Employers now also need to ensure they comply with Auto-Enrolment legislation, as penalties are being imposed where there’s a failure to do so. We look after the Payroll and Auto-Enrolment obligations for those clients employing staff, who benefit from our knowledge and experience in this area.

Book Keeping Services

Bookkeeping is fundamental to the production of accurate and useful accounts, and is part of the services provided. As HMRC are adamant about forcing all businesses to report quarterly from April 2018 it becomes vital to ensure your record keeping is fully geared up to enable compliance. We are able to help and advise to ensure compliance with HMRC requirements.

Dealing with HMRC

We are very familiar with HMRC and the way they work. In dealing with HMRC on your behalf, as an agent we have access the UK-wide team of Agent Account Managers (AAMs), which allows us to deal with the department speedily and more effectively.

Rental, Income & Capital Gains Tax

The income you receive as rent is taxable, and has to be declared. However, you can minimise your tax liability by deducting certain allowable expenses. Rules are constantly changing and whether you receive income from a normal residential let or a Furnished Holiday Let, we will guide you through the maze and minimise your liability. New legislation restricts the tax relief on mortgage interest, and may well impact on your affairs. We will be happy to advise and review the effect on your own situation

VAT returns and registration / de-registration

VAT is complex and nerve wracking because you have a fresh lot of paperwork to do every three months. As well as dealing with the registration process, we can complete and submit your returns, and will advise on the best VAT scheme for your business,. Should it no longer be appropriate to be registered we will also handle the de-registration process. For those operating the Flat Rate scheme, due to the most recent changes – coming into effect in April 2017 – it will be advantageous to look at whether it is still appropriate for your needs.

Contact

Thank you for your interest. Please get in touch with questions or comments using the information below. We look forward to hearing from you.

Call
0191 285 5339

Address
3 The Elms, Parker Avenue, Gosforth,
Newcastle upon Tyne, NE3 4BD

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