Business Services

Annual accounts, also referred to as statutory accounts, are a mandatory requirement for limited companies in the UK. These documents are intricate, time-consuming, and often involve complex details that must be absolutely precise. So, what’s a busy director to do? Entrust the task to the experts at Right UK Accounting.

Our team of certified accountants handles the preparation and submission of thousands of annual accounts for various types of entities, such as companies, LLPs, charities, and groups, ensuring your compliance with HMRC and Companies House obligations. All our accountants possess extensive experience in crafting accounts using cutting-edge accounting software, enabling us to offer in-depth insights into your financial matters.

Furthermore, we furnish a comprehensive overview of your business through annual reporting, which includes a thorough analysis of financial trends from the previous year. An Annual Report serves as a means of communication with both current and potential investors, providing them with vital financial information to assess the company’s financial performance. This report aids in understanding a company’s financial strengths and weaknesses by outlining its corporate earnings.

Moreover, the positive feedback from our clients speaks volumes about their satisfaction with our prompt, precise, and friendly annual accounts service.

As a business owner or entrepreneur, we recognize your desire to concentrate on your business strategy and its success. Our primary goal is to support you in achieving that objective.

At Right UK Accounting, we understand that the condition of your financial records can mirror the health of your business. All our bookkeepers are well-qualified and possess extensive experience with major accounting systems. They have accumulated years of expertise spanning various industries, equipped with the knowledge necessary to ensure smooth operations.

With us, you can expect an efficient, proactive, and cost-effective solution for managing all your financial records. We recognize the crucial importance, especially for business owners like you, of maintaining accurate records of your financial transactions. We stay at the forefront of industry developments, ensuring that you benefit from the latest opportunities available.

Allow us to take charge of your bookkeeping services, giving you the freedom to invest your time in managing and expanding your business.

Company secretarial services, despite the name’s implication, do not involve traditional secretarial tasks. Instead, they encompass the administrative functions essential for promoting strong corporate governance, efficient administration, and compliance with the laws and regulations governing businesses and industries. The Companies Act mandates the submission of statutory forms, and a company’s Articles of Association necessitate the creation of documents to document the decisions made by directors and shareholders.

We will handle the following:

1. Formation of companies
2. Registration of overseas branches or offices
3. Preparation and submission of statutory reports
4. General guidance on company law
5. Maintenance of director and secretary registers
6. Alteration of registered office address
7. Recording of changes in share capital and share transfers
8. Modification of the accounting reference date
9. Acting as the company secretary if needed
10. Providing a registered office address when required

Our knowledgeable team provides guidance from a business perspective, always with a strong commercial focus aimed at establishing the most tax-efficient structures possible. Corporate taxation is a complex and ever-evolving field. We can assist you in remaining current and fully compliant while minimizing tax obligations through efficient and business-driven structures.

Furthermore, we will collaborate with you to take advantage of tax-saving opportunities, reducing your corporate tax burden. This may involve utilizing carried forward losses, optimizing eligible tax relief options, and identifying potential capital allowances. We’ll also assist in creating a payment plan for your corporation tax obligations and engage with HMRC when necessary.

Similar to other areas of taxation, it’s crucial to be proactive and plan when dealing with corporate tax matters. By doing so, you can:

1. Decrease your corporate tax liabilities
2. Maximize available tax reliefs, utilize tax losses, and explore deferment options
3. Ensure timely compliance with deadlines and accurate return filings, avoiding potential penalties

Why allocate valuable time and resources to manage corporate tax when we can handle it for you?

Reach out to us today to explore how we can help you stay at the forefront of corporate tax planning.

Payroll essentially involves compensating a company’s employees. If you pay a salary to anyone in your small business, you must administer payroll. The UK government has a program in partnership with HMRC known as Pay As You Earn (PAYE). You’re likely familiar with PAYE since it’s the method by which most individuals receive their salaries or wages, and it also handles tax and National Insurance (NI) contributions owed to HMRC.

If you require assistance with payroll management, you’ve come to the right place. Here at Right UK Accounting, we handle payroll processing for our clients at a frequency that suits them, whether it’s on a weekly or monthly basis, ensuring that employees are paid accurately and promptly.

While we take care of this, our clients can rest easy, knowing that we oversee the entire payroll process. By not having to grapple with continually changing regulations on your own, our payroll service aids in efficiently processing payroll and ensuring you stay ahead of new legislation and requirements. With a combined experience of over 20 years, we guarantee accurate payroll setup, timely execution, and quality work.

VAT can be quite time-consuming for UK businesses due to the extensive paperwork and its inherent complexity. The existence of multiple VAT schemes, each with its advantages and disadvantages, makes it necessary to carefully assess the VAT status of every new product or service.

Making mistakes in handling VAT can have various adverse impacts on your business. Firstly, miscalculations may result in overpaying VAT, adversely affecting your cash flow. Secondly, HMRC imposes substantial penalties for late submissions or inaccurate VAT returns.

Our cost-effective VAT compliance and planning services alleviate this burden. Our team of VAT experts ensures the correct collection of VAT for each transaction, accurate payments to HMRC, and timely and precise filing of returns.

We also provide guidance on voluntary and mandatory VAT registration, deregistration when your turnover falls below the threshold, and flat-rate VAT schemes. In terms of Making Tax Digital for VAT, we guarantee that your business complies with the current regulations regarding digital record-keeping and reporting.

Our comprehensive VAT service includes, but is not limited to:

• Advice on voluntary VAT registration
• Registration and deregistration
• Partial exemption calculations
• Timing of VAT payments for cashflow
• VAT scheme advice
• Import and export VAT
• Support in dealing with HMRC