Accountancy Services

TaxationPayrollVATBookkeepingConstruction Industry Scheme (CIS)Business FormationsCapital Gains Tax

C-Bas offers a range of accountancy services that you can choose from to create your own bespoke accounting package.

Taxation

Whether you are a private individual, sole trader, partnership, or limited company, you must pay your taxes or face consequences. For many people, the easiest and most reliable way to ensure business or personal tax is calculated correctly, is by using C-Bas accountants. We have a range of services that can be tailored to meet your exact requirements.

  • Tax returns
  • Making Tax Digital supported by a smooth transition process
  • Self-assessment enquiries
  • Advice on your tax liabilities
  • Dealing with all correspondence and negotiating with HMRC if necessary
  • Identifying suitable tax planning opportunities
  • Tax disputes
  • Tax Investigation Fees Protection

VAT

Compliance with VAT is becoming ever more complex and an investigation into your VAT can be intense and stressful. It’s crucial you have an accountant who is experienced and qualified in submitting VAT returns as well as negotiating with HMRC in the event of an investigation.

VAT enquiries and planning – reliefs available and the interpretation of the regulations.

VAT registration:

  • Advising if you need to or if it would be beneficial to register
  • Completion of the VAT registration forms and formalities
  • Advising on the best VAT schemes to use suitable to your business

We can do your bookkeeping and complete the return from there. We complete VAT returns in good time to ensure you avoid any penalties.

Payroll

Payroll must be done on time – employees rely on you to complete this correctly every month, or week. It’s complicated and easy to make mistakes. Let C-Bas take the strain.

Our payroll services can be tailored to your exact needs and include any, or all, of the following:

  • Dedicated point of contact
  • Structured timetable of processing, built around your pay date and requirements.
  • Fully or partly outsourced pension administration
  • Online 24-7 access payroll portal for payslips, P45s and P60s for employees
  • Payment services for salaries and PAYE
  • Sending all relevant RTI returns to HMRC

  • NEST pension registrations

  • Dealing with HMRC correspondence

See our Payroll services for more information.

Bookkeeping

Leave the paperwork to us – whether you prefer paper-based management of your receipts and invoices, or want to use an electronic system, we will manage your bookkeeping.

This is a great way to keep on top of your accounts ready for the end of year tax return and is especially helpful if you are VAT registered too.

As we are reviewing your accounts each month, we can share insight on your performance and can also estimate your tax liabilities as you go. Not only that, your documents and records will be filed and organised neatly.

Construction Industry Scheme (CIS)

Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. This counts as advance payment towards the subcontractor’s tax liabilities. C-Bas provides an advisory service for both contractors and subcontractors in the building industry.

The C-Bas team will help you determine your role as a contractor or subcontractor and help you through the process of registering for CIS, if you need to.

  • Contractors: we will help you verify tax status, calculate the correct payments to make to subcontractors and file monthly returns due at HMRC.
  • Subcontractors: we will help you to reclaim any CIS deductions and, if necessary, offset against your tax liabilities.

Business Formations

Starting your own business is an exciting time and you’d be forgiven for wanting to get straight on to working with clients rather than completing the necessary financial and legal admin. We can guide you through the formation of your business ensuring all the boxes are ticked, so you can get on with growing your business as quickly as possible.

C-Bas supports company formations for:

  • An off the shelf ready-made company
  • A tailor-made company
  • Limited Liability Partnership
  • PLC formation
  • Next-day formations

Our services include the following and we can create a package that suits you.

  • General advice on setting up your business
  • Business plans
  • Assistance with raising finance
  • Appointment of directors and company secretary
  • Registered office services
  • Company registration for Corporation Tax
  • PAYE registration
  • Bookkeeping set-up advice

Capital Gains Tax

Did you know that if you sell a UK residential property that is not your main residence, you must declare this to HMRC within 60 days of completion and also pay any tax due? The C-Bas team can help you calculate any tax on the sale and submit the necessary information to HMRC via their Capital Gain Tax (CGT) on the property portal. All other capital gains are declared on your personal tax return, and we can help with those too.

Another complicated tax to wrangle with, CGT is the gain you make that’s taxed, not the amount of money you receive. For example, if you bought a painting for £5,000 and sold it later for £25,000, you’ve made a gain of £20,000 (£25,000 minus £5,000). Some assets are tax-free and you don’t have to pay CGT if all your gains in a year are under your tax-free allowance.

Business assets you may need to pay tax on include:

  • Land and buildings
  • Plant and machinery, for example a digger
  • Shares

  • Registered trademarks
  • Payment services for salaries and PAYE
  • Your business’s reputation

Let us do the legwork and assess your gains to find out whether you need to pay tax.

Client Reviews for our Accountancy Services

Accounts – Any Place, Any Time

We can manage your accounts digitally using Xero – update and view your latest financial information whenever and wherever you want, just like your online banking. Our team all have Xero Advisor Certification but can work with other solutions if required.

Free Consultation

We offer a free consultation to assess your payroll and accounting needs. Tell us about your business, your team and your accounting requirements and we will create a package based on your exact requirements.

Book Now For Your Free Payroll or Accounts Consultation

ACCOUNTANTS AND PAYROLL SPECIALISTS Folkestone