At AZURE, we provide a comprehensive suite of accounting options for our varied client base.
Our qualified accountants will prepare full statutory accounts for all structures in line with appropriate Generally Accepted Accounting Principles (GAAP). These accounts will be acceptable to HMRC, Companies House and any business purpose such as borrowing.
We take source documents from our clients invoices, receipts, bank statements etc and maintain details records on our professional data base.
We offer a full year end statutory financial statements service as well as regular periodic reporting to enable you to manage your business.
Our priority at all times is to ensure that our clients fully understand the contact of their financial statements and spend as much time as necessary with our clients so that they clearly understand the impact and implications of their financial statements.
We firmly believe that financial statements and management information are valuable tools for a business rather than a simple statutory filing obligation and actively encourage our clients to understand more about them.
MANAGEMENT ACCOUNTING AND REPORTING
Our detailed and regular book keeping enables us to provide monthly or quarterly management reporting enabling our clients to have a snapshot of their business and project into the future rather than only being able to look back in to the past.
Our detailed records and analytical abilities enable us to provide expert forecasting tools to our clients. Each forecast is tailored and completely flexible as well as being variable based, which means our clients are able to detailed scenario testing.
Put simply, for most businesses, taxation is the single biggest expense in that business.
It makes sense therefore, that this expense is managed by professionals who understand the massively complex UK tax system.
Ranging from self assessment tax, corporation tax, value added tax to capital gains tax, the experts at AZURE will work with our clients to ensure that all taxes are minimised and that business are working in the most tax efficient manner possible.
We also work with our clients to ensure that they fully understand their tax position and future liabilities. It is always better to know what is around the corner. We hate surprises!
Self assessment returns are required for all individuals who are self employed, or employed with other forms of income to declare other than PAYE employment.
All directors of limited companies should complete a return.
For individuals, both employed and self employed, we provide an expert service completing self assessment returns ensuring your tax affairs are complete, on time and take advantage of all tax allowances available.
All self assessment returns are completed online and approved via pdf copies and, as with all out work, our key objective is to ensure our clients understand the contents of their tax returns.
Each Limited Company is required to prepare a corporation tax calculation and submit a return to HMRC on an annual basis. Our expert knowledge ensures that these calculations are complete and correct and filed on time.
Our experts will also work with our clients to ensure that tax liabilities are minimised through careful planning and use of all available tax reliefs.
VAT registration is compulsory for businesses whose annual turnover exceeds the current limit.
Following registration, a business is required to file a VAT return, normally on a quarterly basis.
We provide expert advice regarding VAT registration and the various schemes available, such as the flat rate scheme, annual scheme and cash based accounting which can create a significant saving for our clients.
Our accounting software keeps a constant VAT position, which means at the end of each quarter, the VAT return is a click of a button away. All returns are filed electronically following a review and sign-off process with our clients.
CAPITAL GAINS TAX
Capital gains tax can arise in any number of ways. Whether from sale of shares, property or any other kind of asset, we work with our clients to ensure capital gains tax is both timed to minimise the tax liability and calculations are done and reported to HMRC correctly.
Having a limited company means you have a million and one regulations to comply with. Unfortunately these requirements are law under the Companies Act of 2006 and in some cases, non compliance of these laws can result in a criminal record.
This means there are many things that you must do as a shareholder and director of a limited company.
We work with our clients to ensure that they and their companies comply with the law and have all the necessary documentation and procedures in place.
The formation of a company is a relatively simple process which we can undertake for our clients.
We also complete a number of other registrations for our clients, with Companies House, HMRC for corporation tax, VAT and PAYE and provide assistance with the opening of bank accounts.
In addition, we take care of all the company secretarial matters required when a company is formed.
Each limited company is required by law to file an annual return to Companies House. We complete these services for our clients.
We also file any other information required by Companies House during the year, such as appointment and registration of directors, or changes to registered office.
Keeping track of filing requirements and deadlines is complicated. With our bespoke systems, we ensure all necessary filings are completed accurately and on time, meaining that expensive penalties are avoided.
All returns are completed online and any filing fees are passed on to our clients.
Limited companies are required to maintain minutes of their board meetings and major decisions. We provide templates for standard events plus guidance for any special events.
Shareholder decisions are generally made via resolutions. We provide guidance as to the content and form of these resolutions and make the appropriate filings where necessary.
Getting this right is essential for shareholder decisions to be legally binding.
REGISTERS OF SHAREHOLDERS AND DIRECTORS
It is a legal requirement that each limited company keeps a register of its shareholders and directors.
We can arrange to complete and maintain these registers for our clients.
Share certificates are the evidence of ownership of limited company shares.
We can create these certificates for our clients and also provide custody arrangements.
We have in house people suitable for non-executive positions, along with a wide network of other individuals available to provide this service.
Sometimes it is not possible for a company to have an office in the UK. We have many clients who work abroad and therefore use our office as their registered office.
The registered office is the home of all a company's corporate documents and the address for all important correspondence. It is also the place where all legal documents must be presented.
Having your registered office at your accountants gives you peace of mind, knowing that all correspondence will be logged and dealt with and also that for companies running from individual's homes, that the affairs of the business will never be directed at their homes.
At AZURE, we provide a complete back office solution or a choice of services for our clients.
We believe that certain jobs are better looked after by people who have spent the majority of their working lives in that specific area and these include payroll, payments processing, credit control, budgeting and forecasting.
We work with our clients to ensure that our outsourced services integrate seamlessly with the operations of our clients' businesses and provide them with the peace of mind that comes with knowing that an expert is dealing with those areas which may be a bit alien to them.
Our industry leading payroll software means we can take away the headache of weekly/bi-weekly/monthly payroll from you. We keep detailed records, prepare payslips, prepare and file P45/P46 online, and complete all annual returns required by HMRC.
We have the ability to completely take over the back office of a business, including a sales and purchase ledger function. All invoices are logged and business owners given periodic creditor analysis, following which we can arrange payment of invoices.
This offering can be extended to credit control. Chasing customers for money never fun and having the ability to outsource this service means you have a polite and arbitrary resource completing this role for you.
FINANCIAL ANALYSIS AND MODELLING
Our accountants have extensive experience in financial modelling and can work with our clients to build analysis tools around any scenarios. These flexible variable based tools give our clients the ability to take our work and adapt it to their needs and their changing circumstances.
BUDGETING AND FORECASTING PROJECTS
The annual budgeting process is normally a painful one, but very necessary and, if done properly, can be extremely valuable to the business. Our accountants have varied experience in this area and can help our clients prepare a meaningful and useful budget.
We are proud to be different from the conveyor belt approach that many accounting providers take to contractors. Each of our contractor clients are individual and unique and are treated as such.
• Unlimited access to your accountant
• Same day reply to emails and phone calls
• Face to face meetings where requested
• A personal touch unique to your circumstances
• A Fixed monthly fee
If you are one of the following, please get in touch for more details.
• An existing contractor using a limited company and not getting the service you need
• An existing contractor set up through an umbrella company and want to put more money in your pocket
• An existing contractor set up as self employed and want to take advantage ot the tax savings available through a limited company
• A new contractor who needs a limited company formed and guided through the whole process.