Services

We provide a comprehensive range of services tailored to your specific business needs. We are always committed to meeting tight reporting deadlines that you or your business may have. Our Services include;

Management Accounting and Advisory Services

We initially work with you to gain a full understanding of your business and its requirements. We will;

  • Tailor our approach to your requirements so we can provide exactly the service you need.

  • Take care of all your bookkeeping and accounting needs, thereby relieving you and your staff of an enormous burden.

  • Maintain your VAT records. 
    If we are compiling your bookkeeping on a monthly or quarterly basis we can also build in a comprehensive Management Accounting service. Management Accounts unlock the story behind your business. This will provide you with accurate timely information, which will enable you to make the right decisions for your business. Business owners and managers use them to track key performance indicators and make daily and strategic decisions about their financial health. Having regular information about your business operations and performance helps you to adapt and keep you plans relevant. 

Not only can we produce the information, but also we will meet with you on a regular basis to explain and discuss the financial statements. We will discuss your business and the core issues affecting it so that you can develop strategies to improve your business month in month out. 

Corporate Finance

The most essential element in business is the allocation of an organisation's resources. The capitalisation of an enterprise, either through debt or equity should therefore be given a top priority. 

Ensuring that you have the necessary finance is essential for achieving your business objectives, whether yours is a new, growing or mature business. 

We can help you: 

  • Decide on the most suitable sources of finance for your business be it- from personal sources, bank overdraft, long-term commercial loans, grants from national and/or regional agencies, venture capital, or equity capital 

  • Prepare the necessary business plans, forecasts, prospectuses, etc. 

  • Present your proposals to your chosen finance source 

  • Arrange a disposal, merger/acquisition, or management buyout/in 

Statutory Accounts Production and Filing

All UK limited companies are required to submit Statutory Accounts to Companies House within nine months of their fiscal year's end. This is also known as Annual Accounts or Year-End Accounts. At Eternal Excellency, we don’t just prepare your year-end statutory accounts, we take time to understand your business, identify opportunities to save tax, help you understand your financial performance and also reposition the business. 

What’s included in Statutory accounts?

  • A balance sheet

  • A profit and loss statement

  • Notes about the accounts

  • A director’s report

  • An accountants or auditor’s report

The deadlines for filing your set of annual accounts are within nine months of your Accounting Reference Date after the first year.

Charity Accounts and Gift Aid Claims

At Eternal Excellency, we ensure that your accounting practices are above reproach and your charity has a good financial reputation. We help Charities ensure that they remain compliant with Charity Commission standards.

When it comes to , claiming gift aid charities can often miss out on a lot of money that they could be entitled to. Gift aid is a government scheme that allows charities to claim back the tax that has been paid on donations, and it can make a big difference to their income.

However, this can be a complex process, and many charities are not aware of how they can claim it retrospectively. We provide a simple, transparent and stress-free process for managing your charity accounts and ensuring that you have a clear audit trail for the Charity Commission, Donors and Trustees. This enables you to focus on your priority of serving the community while we handle your Charity Accounts and Gift Aid Claims.

Payroll services

According to government figures around one third of the country's 1.2 million businesses are struggling with having an effective payroll system. It can be very time consuming and expensive and also easy to make mistakes. Small business owners can sometimes struggle to accurately calculate payroll and pay employees wages on time.

Payroll can be a real hassle for any company, regardless of size. Whether you are a freelancer, a small business owner, or a large corporation with a few employees, running an efficient payroll system is not always easy.

Business payroll services IS our business. As part of our quality service, we will implement software and processes which means you can focus on growing your business without the hassle of the administrative burden. Regardless of your company's size, working with us means you have a team that understands and speaks your language.

Our service takes away the hassle, all you need to do is tell us what the pay is at the end of the month and we do the rest. 

  • We set up a payroll for you registering you with the tax office and setting up your company and staff on our computer system.

  • We will prepare computerised monthly payslips, 

  • Calculate and advise what to pay to your employees 

  • Calculate and advise how much to pay to the HMRC. 

  • Prepare P60's. P45s and other related forms for your employees and ensure you compliantly meet your responsibilities as an employer

  • Prepare the forms P11D and calculate any National Insurance due.

VAT Returns & Advice

Value added tax is currently one of the most complex and onerous tax regimes imposed on business. 

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! 

We provide an efficient cost effective VAT service, including: 

  • Assistance with VAT registration 

  • Advice on VAT planning and administration 

  • VAT control and reconciliation 

  • Help with completing VAT returns 

  • Assistance at VAT control visits

  • Planning to minimise future problems with HMRC

  • Negotiating with HMRC in disputes and representing you at VAT tribunals 

Company Taxation

Corporation tax can and does represent a substantial part of business costs. 

There have been increased reporting obligations, more investigations by the Revenue coupled with harsher penalties for non-compliance. 

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include: 

  • Taking full advantage of tax opportunities and reliefs 

  • Reducing tax on disposals and maximising relief on acquisitions 

  • Making the most of tax opportunities specific to your industry 

  • Meeting the rigorous demands of compliance including corporation tax self assessment 

  • Acting on your behalf in discussions with the tax authorities 

Personal Tax Planning

There are many ways to pay less tax without breaking the law but these strategies must be planned in advance. 

Whether you are just about to start a business, building a business or selling there may be things you can do to pay less tax. Many clients have benefited from our advice over the years and usually find that the taxes saved by taking the advice more than covers their fee. 

Capital Gains Tax and Inheritance Tax

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now. 

The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Do you really want a substantial slice of the wealth you have worked hard to accumulate to end up in the Government's coffers? 

It is also important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime. 

We provide a discrete estate planning service that includes: 

  • Help with drawing up and reviewing your will 

  • Making full use of exemptions and lower tax rates on lifetime transfers 

  • Optimising lifetime transfers between spouses 

  • Transferring agricultural or business property 

  • Transferring assets into trust 

  • Arranging adequate life assurance to cover potential inheritance tax liabilities 

Self Assessment Tax Returns

'Self Assessment' was billed as being easy to understand and complete by HMRC. Many taxpayers, however, struggle to understand the complex tax returns and complete them correctly. In the last tax year 400,000 taxpayers received £100 penalties for failing to submit their returns on time.

There is a constant stream of changes to tax legislation and consequently the returns are not only becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly. 

We can save you a lot of time, worry, and money by handling your self-assessment for you. We will do all the necessary computations, complete your return, and offer advice on how you can minimise your tax liability. 

We can act as your agent, dealing directly with the HMRC on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings. 

If you have been sent a tax return and are looking for a quality, comprehensive, affordable accountancy service then contact us to discuss matters in more detail.

Business Startups

Most Individuals who start up in business have a good business proposition and the commitment to see it through. However, some are not experts in the areas of legal, financial, and fiscal aspects of operating a business. 

Hence the need, of a support team of professionals with specialised skill sets. 

That's where we come in. As your business partners, we will assist you from conception through execution and realisation of your business model. 

We will assist you to:

  • Decide on the most suitable legal structure for the business 

  • Prepare a business plan, budgets and cash flow projections

  • Assess your finance requirements, and advise on the best sources of finance, 

  • Establish a good working relationship with your bank 

  • Complete any registration procedures with Companies House, HMRC or Charity Commission 

  • Deal with company secretarial issues 

  • Set up a recording system for your internal use and for complying with statutory requirements 

Company Secretarial Work

We can give you complete peace of mind in the area of complying with the ever increasing rules and regulations required by the Companies Act by carrying out your company secretarial duties for you. 

Our services include: 

  • Company formations 

  • Preparation and filing of statutory returns 

  • Preparation of all documentation related to minutes and resolutions 

  • Maintenance of statutory books 

  • General advice on company law

Accounting Systems

Experience has shown that we can offer the best service to those clients whose systems are running effectively and efficiently. We advise our clients on the systems that they have in place and our extensive knowledge of the accounting systems available mean that we can ensure that they are operated as efficiently as possible.

We install and train on a variety of systems and can advise on the software to suit your needs. Whatever the size of business we can help to ensure that your accounting systems are operated efficiently. 

We will assess your requirements and advise accordingly. A properly implemented well-run accounting system means that timely accounting information can be produced. 

Compliance Checks

Will your accounting record stand the scrutiny of tax investigators?
Are your VAT records up to scratch?
Are you complying with all PAYE procedures correctly? 

We can carry out a full review of business records, bookkeeping, PAYE procedures and VAT workings to identify any potential areas of concern and produce a report with recommendations.
Non-compliance can lead to substantial penalties and interest charges.
We would advise you to deal with any problems now and put measures in place to ensure that they are non-recurring. That way, when the tax office reviews your accounts you will get a clean bill of health.