From filing your company year end accounts and tax returns to SEIS and R&D tax credits. Our menu of services is truly comprehensive.
Design a Bespoke Service
Here at Aidhan, we know there is no one-size fits all when it comes to your businesses accounting and tax service requirements.
You can select from our menu of services and tailor a package to suit your business needs depending on the phase your business is at and of course, your budget.
We break our services down into 3 core areas
Our core services
(PAYE) Payroll Services
If you’re a company director or have hired staff members on a salary, then you will require PAYE payroll administration every month.
Confirmation Statement (CS01)
This is a form to confirm your company snapshot and up to date details. It is mandatory to complete at least once a year.
Our Limited Company services cover every aspect of this popular vehicle, from essential compliance to advanced tax planning.
Partnership Accounts and Tax Returns
A vanilla partnership outside of a legal entity structure. You will still need to file accounts and a tax return to HMRC.
VAT Returns (Making Tax Digital Compliant)
For any trading vehicle (Ltd Co, sole trader, LLP) the decision to register and apply VAT should be considered.
Self-Assessment Tax Returns
Self-Assessment tax returns are due by no later than the 31st January every year. It is a declaration of an individual’s personal income and tax status for untaxed earnings.
Year End Statutory Accounts
A bread and butter compliance requirement. Accounts to be filed to Companies House and HMRC annually.
Sole Trader Accounts and Tax Returns
If you’re a lone sole trader outside of a legal entity structure, then we can help you with you this.
Company Tax Return (CT600)
It’s not just companies house you need to prepare and file accounts for, HMRC require both this and a company tax return every year.
LLP Accounts and Tax Return
LLP (Limited Liability Partnerships) are a hybrid between a traditional Ltd Co and a partnership. Popular amongst professional services companies and some Tech Co’s have adopted this model.
Auto Enrolment Pension
If you as a director or your employees require enrolling and administration on a pension scheme, then we can certainly help here. Auto-enrolment through Nest.
Bookkeeping and Reconcilations
In order to convert your raw data into useful and timely financial information, professional bookkeeping and transaction accounting is essential.
VAT Registration Evaluation
A VAT evaluation is the best way to find out if your business could benefit by registering for VAT before reaching the annual allowance, currently at £85,000 on a rolling annual basis.
Capital Gains Tax (CGT)
Whether you have sold some property or shares that could give rise to a capital gain, we can help you formulate the correct calculations and apply the correct reliefs to mitigate CGT.
Company Liquidation (MvL)
If your solvent limited company business has come to the end of it’s journey and you’ve decided to close it down, then we can help you do this in the most tax efficient way.
Value Added Tax (VAT)
You could be a sole trader business, limited company or LLP. Registering for and administering VAT is time consuming and the penalties for getting it wrong or late filing can pinch hard. We can do the heavy lifting for you so you concentrate your time and energy on what you do best.
BADR - Entrepreneurs Relief
Business Asset Disposal Relief (formerly known as entrepreneurs relief) is a generous tax relief that can reduce your capital gains tax rate to just 10%. BADR is applicable to the sale of shares and company liquidations, so long as the qualifying criteria is met.
R&D Tax Credits
Research and Development (R&D) reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop an advance in their field.
It can even be claimed on unsuccessful projects.
Pensions Tax Planning
Pensions can be magic for tax planning and mitigation. Whether you are an employee, sole trader or company owner, there are various options available to make tax-efficient contributions to an authorised pension plan.
EMI Share Option Scheme
EMI options are one of the best ways of incentivise your staff, tax efficiently. Your company can grant share options up to the value of £250,000 in a 3-year period.
Group Tax Relief – Corporation Tax and VAT
If you’re business is part of a Group structure with holding co and subsidiaries, or you are intending it to be so in the future, Group Tax Relief planning can be immensely beneficial in lowering your businesses overall tax bill through smart and intelligent planning and execution.
Video Games Tax Relief (VGTR)
There are 8 different tax reliefs that can be claimed for creatives and tech companies:
1) VGTR – Video Games Tax Relief
2) FTR – Film Tax Relief
3) ATR – Animation Tax Relief
4) HTR – High End Television Tax Relief
5) CTR – Children’s Television Tax Relief
6) TTR – Theatre Tax Relief
7) OTR – Orchestra Tax Relief
8) MGETR – Musuems and Galleries Tax Relief
SEIS (Seed Enterprise Investment Scheme)
SEIS is designed to help your company raise money when it’s starting to trade. It does this by offering tax reliefs to individual investors who buy new shares in your company.
You can receive a maximum of £150,000 through SEIS investments.
EIS (Enterprise Investment Scheme)
EIS is a tax relief scheme created by the UK Government to encourage investment into startups and early-stage businesses. You
can claim back up to 30% of the value of
your investment in the form of income tax relief. Therefore if you make an investment of £50,000 you can save £15,000 in income tax.
Business Support Services
If you need to close your company for any reason, then a formal dissolution process needs to be followed, providing it is solvent.
If you need to close or liquidate your company and it is insolvent, then a formal qualified process needs to be followed.
A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting outputs. It is one of the most powerful tools to measure and facilitate growth in a business.
Comprehensive Management Accounts with Reports
Management Reports, whether monthly or quarterly are an effective tool for senior management and directors to gain an understanding of your businesses performance and more importantly the areas that are not performing.
KPI (Key Performance Indicators)
A Key Performance Indicator (KPI) is a measure that is used to evaluate the performance your company against its strategic objectives. In essence, they are the vital signs of your company. KPI’s are normally a part of a Balanced Scorecard.
Group Tax Relief – Corporation Tax and VAT
If you are currently or are intending on building a group structure with holding co’s and subsidiaries, then your businsess will become a group for tax purposes.
Business insurances are a key requirement for small businesses. Often suppliers and clients will not do business with you unless these are in place. Includes professional indemnity, public liability and employers liability amongst others.
Budgeting and Forecasting
Creating a budget and rolling forecasts is
the only way you can align your business strategy with the numbers. It’s part of the foresight and targets your business is aiming to achieve and unless you quantify it with clarity, your chances of achieving it are severely diminished.
Business planning involves strategic
thought and road mapping. Underpinning any business plan are the numbers, where are you now and where do you want to get to – what does it look like in numbers.
Virtual or Part Time Finance Director Service
A full time junior accountant can cost a business up to £30,000 per annum (in the UK) plus benefits and employers NI.
We can provide a virtual or part time
finance director for less, and they come with a team, a network and decades of knowledge and experience behind them.
On of the most vital levers any business has. Get your pricing wrong and all your efforts are futile. Pricing is science in itself and should never be underestimated.
Exit Planning (Sale of Business)
Exit planning from a business is much more than just planning for a tax efficient exit.
It involves grooming your business way
before it is even offered for sale, as so your
business is positioned and presented in the strongest possible light to maximise its sale value.
Ready to get going?
Take the first step to financial freedom today by booking your discovery call