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Accounting
Banks & Co can help reduce the time you spend on admin work, letting you focus on what is really important to your business.
Our accounting service includes:
- Bookkeeping – The maintenance of your business records. From bank statement and invoices to we can prepare spreadsheets and post to ledgers to prepare management accounts
- Online accounting - Using a variety of market leading software
- Management accounts – Regular preparation of monthly or quarterly financial summaries with, if requested, supporting commentaries allows the owners of the business to confirm the progress of the results to date against the planned forecast and to adapt the future plans
- VAT-Drafting of the VAT returns for our clients approval
- Business planning and Forecasting – Planning for the future whether for the use of the business owners or in support of a forecast as part of a business sale or purchase is an area where we can work with you
- Onsite part time Financial Controller- Working with clients on their premises with their in house teams or individually to provide financial control and reporting to the business is a regular part of the services we offer to our clients
The work we do will help you make the right plans for your business moving forward, making sure you go from strength to strength. Whether you are a sole trader, start-up business, small business or a large established business, we have the experience to help.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
[Company name] provide the following key services.
Latest news from [Company name]
HMRC have proposed a new criminal offence for making reckless, untrue statements or declarations about what's known as 'direct taxes' - Income Tax, National Insurance and the like. For Customs and Excise and VAT ('indirect taxes'), it is already possible to prosecute individuals who make untrue statements or submit incorrect documents either knowingly or recklessly, without the need to prove dishonesty. The penalties for such offences can be severe, including substantial fines and imprisonment. The direct tax regime does not currently contain an equivalent offence.
