Year End Accounting

We offer a range of services that fulfil your responsibilities and ease the burden of preparing your accounts.  We prepare accounts for sole traders and partnerships through to limited companies with turnover into millions.

Our personal service ensures that our clients understand the accounts prepared before they are submitted.

We have the experience to ensure that your accounts are prepared in a timely manner whilst ensuring that they meet the UK’s rapidly changing and increasingly complex accounting standards.

Bookkeeping and Management Accounts

Few people get into business, or finance, with the desire of spending their time dealing with invoices, bank statements, expenses and receipts.

At Windmill Accounts Ltd, we can ease the administrative burden by performing this service for you leaving you with more time to concentrate on growing and developing your business. 

It is vital that you have accurate records for year end accounts, but it is also important that the information we prepare is timely, accurate and reliable, important for those important business decisions.

Our team will always have one eye on tax matters to ensure the best advice is offered and that your business is able to make the most of any available tax relief.

We have experience of bookkeeping for sole traders to partnerships, and companies.  Our  comprehensive service bookkeeping service includes:

• Maintaining your books and records
• Preparation and submission of VAT returns
• Preparation of timely management accounts.

Where your business has its own internal accounting function, we can offer support through:

• Advice on choosing accounting software for your business
• Assistance on designing bookkeeping spreadsheets for your business or provision of our spreadsheets for your own use
• Provision of support to your bookkeeper with bookkeeping queries.

Cloud Bookkeeping Solutions

If your annual business turnover is above the VAT threshold (currently £85,000) you are now required to keep digital bookkeeping records.

If you are already using a digital MTD-compliant software solution, that's great - our team can work with any compliant softwares, so you do not need to change the way you operate.

If you are not using an MTD - compliant solution, we can help you find one that fits you and your business requrements.  Once found, we can assist with set up, provide training and on-going support.

Tax Compliance

Tax compliance is an area of concern for the majority of businesses and individuals. We will take the headache out of it for you, providing an efficient and proactive service.

Corporation Tax Returns

In addition to the annual accounts, limited companies are required to prepare a Corporation Tax return for submission to HM Revenue & Customs.  We can assist you by:

• Review your business affairs ensuring that all applicable expenses and reliefs are claimed
• Preparing tax computations and returns using the iXBRL protocol
• File the return on your behalf at HMRC
• Advising you of what corporation tax is due and when.

Self-assessment Tax Returns

Self-assessment can be a time consuming, and often confusing business, for busy individuals.

Residents outside of the PAYE regime are usually required to complete a Self-Assessment Tax Return annually.  These include sole traders, partners and any other individuals with income that is not taxed at source, such as rental income, dividends or pensions.

The tax year runs to 5 April and the deadline for submission is 31 January following the tax year end.

We offer a comprehensive individual Self-Assessment service, including:

• Review of your personal and business affairs ensuring that all applicable expenses and reliefs are claimed.
• Calculating your tax liability
• Completing and filing your tax return on your behalf
• Advising you when payments are due and how much to pay.

VAT

VAT is regarded as the most complicated tax that we have in the UK.  Whilst it seems quite straight forward, the variety of rules and definitions means that it imposes a tremendous administrative burden on businesses.

With the VAT rate being so high, mistakes in calculating VAT can be costly - and the rigid system of penalties and interest charges for mistakes and the late submission of returns add to that burden.

We can provide a variety of services to assist you with your VAT returns, including:

• Set up of your VAT registration
• Reviewing your VAT calculations
• Preparing and submitting the returns for you via your or our MTD compliant software and advising on payment due to HMRC
• Advice on the different schemes available to your business.

Payroll

Most businesses need payroll services. Whether it is purely for the business owners or for multiple employees, we can assist.

Whether it’s a weekly, monthly, quarterly or annual payroll service you require we can provide you with:

• Advice on the best payroll plan for you and your staff (weekly, monthly or annual)
• Payroll tax calculations
• Clear and accurate information advising you what to pay and when
• Provision of payslips
• Manage submissions of payroll information to HMRC under Real Time Information (RTI) regulations and your pension provider.
• Advice on tax efficient remuneration packages.

Company Secretarial

The Companies Act requires companies to submit various documents within strict time limits. Not only is this a considerable administrative burden, failure to comply can result in potentially severe penalties for directors.

We can relieve you of both the burden and the worry by helping with your Company Secretarial duties.

Our service includes:

• Forming a new limited company or LLP
• Filing accounts
• Completion of the annual confirmation statement
• Setting up and maintaining statutory registers that you are required to keep
• Dealing with dividend paperwork
• Preparing and filing Companies House forms including appointment/registration of company officers, share allotments, change of registered office, increase in share capital
• Preparing documentation for annual general meetings
• If required, acting as company secretary of your company
• If required, providing your company with a registered office address.