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From preparing your accounts, tax and VAT returns and simple book-keeping to advising on company formation, partnerships and share valuations, Neal & Co offers a full range of accountancy and tax services to meet the needs of businesses of all shapes and sizes, alongside advice for individuals.
We offer a full range of accounts preparation services, working either from your own accounting records or in conjunction with our bookkeeping service. This includes the preparation of annual accounts and company returns and filing with Companies House and keeping you compliant with regulatory requirements. We also prepare and submit annual corporation tax returns.
As well as ensuring you fulfil your obligations to the relevant authorities, we can advise you on the most efficient way to minimise your corporation tax liabilities. We help you take full advantage of available tax reliefs and allowances, and determine the most tax effective structure for your business, as well as acting on your behalf with HMRC. This all helps save you time and money, allowing you to focus on running your business.
For more information about our accounts preparation and tax planning services, contact: firstname.lastname@example.org
You have a great idea for a new business, enthusiasm to get you off the ground and customers lined up and waiting. The last thing you want to do is spend hours on admin, dealing with the authorities and trying to understand all the regulations.
That’s where we come in. Neal & Co can advise on all aspects of starting a business, including:
For more information about our business start up services, contact: email@example.com
The day to day running of a successful business sometimes means it’s hard to focus on moving it onto the next stage.
At Neal & Co we’ve helped firms of all sizes and in many different sectors grow and develop their businesses. We work closely with business owners and managers to create a plan for growth based on a full SWOT analysis (strengths, weaknesses, opportunities and threats). We can help you realise those plans by advising on tax-efficient options for corporate finance.
Sometimes a merger or acquisition is the best way for your business to grow. In this case, we can help identify targets, prepare plans and help with negotiations, as well as advising on your tax position and finance options.
For more information about our business development and corporate finance services, contact firstname.lastname@example.org
Keeping up to date with the statutory requirements of the Companies Act is a bureaucratic burden we can ease for you. This leaves you free to concentrate on what you do best: running your business.
You can trust Neal & Co’s experts to look after all the necessary responsibilities and duties of a company secretary including:
For more information about our company secretarial services, contact email@example.com
Owner managed and family businesses are the backbone of the British economy. They combine entrepreneurial drive with the passion and commitment that comes from upholding a family tradition.
Alongside this drive and commitment, though, comes potential pitfalls. Family and owner managed businesses need to ensure they have the best corporate structure, the right people in the right jobs, and that they plan for transitions in a professional way. Don't just rely on personal or family ties and loyalties to work in the company’s favour.
Neal & Co has worked with many family businesses for over half a century and we are perfectly placed, together with our financial planning team, to offer advice on business development, succession planning, corporate finance, tax and insurance.
For more information about our services for owner managed and family businesses, contact firstname.lastname@example.org
Making Tax Digital is part of UK Government’s plans to modernise the tax system. The plan is for every business to use apps and software to keep their records up to date, and file their tax returns online.
The original timetable for implementation has been delayed. Currently, only businesses with a turnover above the VAT threshold (£85,000) will be required to keep digital records from 2019 onwards, and only for VAT.
Other records, and businesses with lower turnovers, will be required to keep online records some time after 2019. We will keep you up to date with the timescales as and when they are announced.
Neal & Co already supports Sage One cloud-based accounting. By moving your accounts to an online package like Sage One, complying with the new regulations – whenever they happen – will be much more straightforward.
For more information about Making Tax Digital and online accounting, contact email@example.com
Online or cloud-based accounting represents a step into the future for many businesses. If you’re used to keeping paper accounts, making the move online – which all businesses will have to do in the coming years as part of the Government’s Making Tax Digital strategy – could at first appear a little daunting.
Neal & Co supports Sage One online accounting which allows you to manage your data online and have instant access to the information you need. Sage One is cloud-based, so all of your information and data is stored online with bank-level security. Not only does this protect your and your clients’ information from digital hackers, it also means anyone who needs to access your company accounts can do so, safely and securely.
We’re all getting more used to banking and shopping online – now accessing your accounts can be just as simple, straightforward and reliable too. With Sage One you can upload and view information wherever you are – at your desk or on the go, via an app for your smartphone or tablet.
For more information about our cloud-based accounting services, contact firstname.lastname@example.org
Many of our clients are increasingly enjoying the benefits of outsourcing accounting functions like payroll, VAT and CIS (Construction Industry Scheme) payments to our financial professionals.
For small businesses the attractions are clear. If you only have a small office staff, or even have to do much of the admin work yourself, relieving your business of a such time-consuming regular activities can free up key staff to concentrate on more valuable work. But the benefits are just as relevant for larger businesses who can see significant cost savings from outsourcing non-core accounting functions.
We can administer PAYE, national insurance, statutory sick pay, maternity pay and student loan deductions; administer pension schemes and incentive schemes; complete statutory forms such as P33, P45 and P60; organise all payments and provide customised payslips.
For more information, contact email@example.com
HMRC recognises companies which invest in research and development and rewards them with tax relief amounting to 225% of qualifying expenditure.
Your company does not have to be high tech or in the science or manufacturing sector to benefit. Any business which invests in an activity which can be proven to advance any of the following fields can quality for the benefit. There is no minimum spend level.
Submitting a claim can be quite complicated and time consuming, but we can make the whole process easier to understand.
For more information about how we can help you submit a valid R&D claim, contact firstname.lastname@example.org
If you’re selling your business, merging it with or buying another one; offering shares to the public or to employees; or planning for inheritance, divorce or gifts for children, you need to know the value of the shares in your business.
The price of shares is determined by obvious factors, such as how well a company is doing and how well it is likely to do in the future. These influence how attractive a company’s shares are likely to be to a potential purchaser. Share price can also be affected by wider issues such as the market in general, the economy and the political landscape.
Neal & Co experts have many years’ experience assessing share prices to give accurate valuations that are acceptable to the company and its potential investors. We are also experienced in drawing up shareholder agreements which meet with the approval of all relevant parties.
For more information about how we can help with share valuations and shareholder agreements, contact email@example.com
All self-employed people need to submit a self-assessment tax return, but it’s also required of many others who may not even realise it – for example if you rent out a private property or receive an income from shares, or any other income which is not covered by your PAYE tax slip.
For more information on who needs to fill in a self-assessment form, click here.
The legislation surrounding self-assessment frequently changes and it’s often hard to keep up with the latest requirements. That’s where we can help. We can advise on completing self-assessment forms and handle to submission for you (it’s important that your return is submitted by the due date to avoid penalty payments). Our tax experts can also advise on tax mitigation strategies suited to your own personal circumstances, so you can rest assured you pay all of the tax you are legally obliged to, and no more.
For more information on our self-assessment services, contact firstname.lastname@example.org
Capital gains tax is incurred when you sell an asset – such as a work of art, for example – that has increased in value since you bought it. It’s a tax on the profit your asset has made. It’s also payable when you give an asset as a gift, receive compensation for losing it or swap it for something else.
Some assets are tax free and everyone benefits from a tax free allowance before capital gains tax is applied. Neal & Co can help advise you on your liability for capital gains tax and mitigation strategies you can put in place to reduce your liability – for example Entrepreneur’s Relief when you sell your business.
Much of your capital gains liability can be reduced by setting up a trust, which Neal & Co’s tax experts can advise on. For more information on dealing with capital gains tax, contact email@example.com
Inheritance tax is payable on the value of your estate when you die. The amount of inheritance tax due to be paid by those who inherit your estate varies according to your personal circumstances and who is set to inherit.
It’s often said that inheritance tax is a ‘voluntary tax’ as there are so many ways to avoid paying it, including making a will, setting up a trust and giving gifts while you are still alive. Effective financial planning and tax mitigation strategies put in place during your lifetime means your family needn’t worry about paying unnecessary tax on the estate they inherit.
Working in conjunction with our financial planning colleagues, Neal & Co’s tax experts can help reduce the burden on your loved ones and give you financial peace of mind for the future.
For advice on inheritance tax, contact firstname.lastname@example.org
Income you receive from renting out properties is liable to taxation. This is the case whether you've built up a portfolio of rental properties, inherited a home from your parents, are letting a former family home in lieu of selling, or simply have a lodger living in your spare room.
Many people don’t realise they are actually landlords. But if you earn any income from letting your property or any part of it, that is what you are. The good news is much of this income is tax free. You can currently earn £7500 from renting out a room before paying tax on the income, for example.
You will need to consider the tax implications whether your rental income is as a private individual or a company. Neal & Co’s tax experts can help you determine what your liability is and help you make the most or your income and investment.
For more information about planning and structuring your income from renting property, contact email@example.com
When loved ones pass away, their finances are not always in a neat and tidy state. Quite often, the deceased can leave money in several different ‘pots’, and have many assets which need valuing and distributing.
Neal & Co can help unravel the complexities and reduce the burden on you, your family and colleagues. We can assess the value of the deceased’s estate and prepare inheritance tax accounts, pay creditors, advise on the tax implications of selling assets and prepare tax returns.
For more information about how we can help with estate and probate matters, contact firstname.lastname@example.org