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Friendly Yorkshire Accountants

Support Services

Tax Planning

 

There is no reason to pay more tax than you have to. By carefully arranging your affairs you can legally reduce your taxation liabilities. 
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With our expert advice and our detailed knowledge of your business, we are ideally placed to identify tax planning opportunities and take steps to minimise your tax bills. When we work with you, we build into our service a focus on identifying allowances, reliefs and other tax-saving opportunities to help you and your business operate in the most financially effective way.

Management Accounts

 

Regular management accounts provide key financial information allowing you to monitor and improve your business performance and help you to make the right decisions.
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We take the ‘raw data’ and process it to generate management accounts in a format to meet your requirements. Your management information will be backed up by on-going support to help you interpret the data and use it to your best advantage so that you fully understand your results, your financial position and the implications and any action you may need to consider.

Company Formation

 

Should you decide to trade as a limited company you must set it up as a separate legal entity in its own right at Companies House.
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We will prepare a ready to use limited company in a day or two. We will check whether your chosen trading name is available.

 

We can also advise and ensure that the initial share capital, shareholding and types of shares are set up most appropriate to your circumstances and ensure tax efficiency.

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Form a company now from £40 + VAT

Sage 50 Software

 

Sage 50 Accounting and Sage 50 Payroll is market leading desktop software for UK small businesses from a FTSE100 company. Making sure you make the most of your software investment is important.
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We can source, implement, setup and provide training tailored to your specific needs on Sage 50 Accounting and Payroll software.

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By having support you can ensure your accounting data is better maintained leading to better quality management information and cheaper year end accounts preparation.

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Contact us for details about using Sage

Business Set Up

 

There are many ways to start out in business e.g. sole trader, partnership or limited company. Good advice can reduce tax payments and protect you personally.
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There are many things to think about, which mostly need considering within a short time frame. e.g.

  • Registration for VAT

  • Advising on VAT registration, PAYE and National Insurance

  • Providing practical advice on starting and running a small business

  • Minimising tax payments

  • Assisting with accounting records systems

HMRC Fee Insurance

 

The likelihood of you, or your business, being investigated by the tax authorities is higher today than ever before. You don't have to have done any wrong to get a tax enquiry. Should you be investigated, you may incur significant professional fees.

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We provide competitive Fee Protection Insurance to cover the costs of dealing with HM Revenue & Customs on their behalf.

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We have teamed up with Vantage Tax Fee Protection, one of the UK`s leading providers of HMRC Fee Protection Insurance.

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Find out more about HMRC fee protection

Auto Enrolment

 

This is a system where employers must automatically enrol all eligible workers into a workplace pension. They have no choice.

 

The employer must deduct and pay over to a pension scheme contributions deducted from the employee together with a contribution from the employer. 

 

Eligible workers are defined as those aged between 21 and state pension age that earn over £10,000.

 

Other employees, defined as non-eligible workers and entitled workers still have a right to opt in or join a pension scheme and in some circumstances the employer must also contribute. These are employee earning less than £10,000 pa or aged outside of the above limits but still between 16 and 75.

 

More details on our Auto Enrolment page

Pension Scheme set-up

 

Workplace pensions, or auto enrolment as it is sometimes called, affect all businesses with staff.

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It is becoming more difficult for micro businesses to find and set up a valid pension provider. We have a cost effective solution with a leading provider.

 

Our solution is simple to operate and works great for the smaller business. It is low cost, yet is effective at meeting your obligations under the workplace pension and auto enrolment rules.

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Auto enrolment, workplace pensions and running a payroll are all interlinked. We provide a seamless solution to ensure that you comply with the rules as you approach your staging date and thereafter.

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Set up a low cost workplace pension

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Our Philosophy

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In an era of ever more business being conducted online, one of our defining features is that we still make ourselves available to our small business and personal clients that simply just want to meet and talk through any issues that they may have.

 

We never try to be like the big firms of KPMG, Pricewaterhouse Coopers, Ernst & Young, Deloitte or Grant Thornton.

 

We believe as an independent firm of Leeds Accountants that the personal service you receive from us is more valuable than specialist knowledge.

 

A qualified accountant will be your primary and only point of contact with us. We don't use juniors, part-qualified or trainees. This ensures that that we exercise 'joined-up thinking' with respect to all of your accounting, taxation, VAT planning etc.

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