Register Ltd

You will get a ‘certificate of incorporation’. This confirms the company legally exists and shows the company number and date of formation. We will do this for you much easier and faster.

Bookkeeping

You must keep accounting records that include:

  • all money received and spent by the company, including grants and payments from coronavirus support schemes
  • details of assets owned by the company
  • debts the company owes or is owed
  • stock the company owns at the end of the financial year
  • the stocktaking you used to work out the stock figure
  • all goods bought and sold
  • who you bought and sold them to and from (unless you run a retail business)?

The Cloud Accounting system that we use – will give you directly access with the ven-dor to the system of your choice giving you complete control over your data (bookkeeping, data entry and reconciliations) and who you allow to access it.

Payroll Services

As an employer operating PAYE as part of your payroll, you need to complete certain tasks during each tax month. Tax months run from the 6th of one month to the 5th of the next and for this we are here to help you providing monthly payroll for your business.

Construction Industry Scheme Services

The Construction Industry Scheme (CIS) is a tax deduction scheme which involves tax being deducted at source from payments which relate to construction work. CIS does not apply to payments made to employees, since payments to employees are covered by the Pay As You Earn (PAYE) system of deduction of tax at source.

Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor's payments and pass it to HMRC. If you are self-employed and you are working in the Construction Industry you can work without a UTR & CIS, however this will affect how much tax you pay. You will pay 30% tax without a UTR & CIS and this will reduce to 20% when your UTR & CIS are activated.

VAT return

You usually submit a VAT Return** to HMRC every 3 months. This period of time is known as your accounting period.

You need to keep the following records digitally:

  • your business name, address and VAT registration number
  • any VAT accounting schemes you use
  • the VAT on goods and services you supply, for example everything you sell, lease, transfer or hire out (supplies made)
  • the VAT on goods and services you receive, for example everything you buy, lease, rent or hire (supplies received)
  • any adjustments you make to a return
  • the ‘time of supply’ and ‘value of supply’ (value excluding VAT) for everything you buy and sell
  • the rate of VAT charged on goods and services you supply
  • reverse charge transactions - where you record the VAT on both the sale price and the purchase price of goods and services you buy
  • your total daily gross takings if you use a retail scheme
  • items you can reclaim VAT on if you use the Flat Rate Scheme
  • your total sales, and the VAT on those sales, if you trade in gold and use the Gold Accounting Scheme

You must submit a VAT Return even if you have no VAT to pay or reclaim. We can deal with all this paper for you using our Cloud Accounting system compatible that connect to HMRC system and represent you as an authorised agent (accountant).

Annual Accounts and Corporation Tax

You must keep all financial records, information and calculations you need to prepare and file your Annual Accounts and Company Tax Return. This includes records of:

  • all money spent by the company, for example receipts, petty cash books, orders and delivery notes
  • all money received by the company, for example invoices, contracts, sales books and till rolls
  • any other relevant documents, for example bank statements and correspondence.

For this reason, we are here to help you:

  • preparing and filing the Annual Accounts including the necessary filing at Companies House and HMRC.
  • completion of your Corporation Tax return (CT600) and filing at HMRC.