Whether you have a personal tax query, looking for accountancy services for business or are looking to form your very own company ADS Accountants can support you.
Bookkeeping
Bookkeeping can be boring and time-consuming. We help business owners manage their bookkeeping, making it simple and easy, giving you more time to manage and grow your business. Whether it be to cover a busy period or on a more long term arrangement. We provide bespoke services, to provide expense reporting, bank reconciliations, financial reporting, keeping ledgers, yearend reporting and preparations for audit. We are experienced in working with Sage, QuickBooks, Xero and can assist in both the installation and setup.
Business Restructuring
Not every business will be able to battle through the headwinds we’re currently facing – for some, market pressures can make the business model unviable in its current form. For many, the only way to secure a long-term future for the firm is to undertake a restructuring process.
There are a host of restructuring options available. Popular routes include refinancing, debt rescheduling and a Company Voluntary Arrangement (CVA), which is often used by retailers to strike a deal with landlords to reduce rents or change leases on stores.
Budget Card
Whether it’s your personal budget, or business budget, once you know where your money is going, it will be a lot easier to take control of your finances. To help with budgeting, ADS Accountants provide a budget card. It’s loaded with useful up-to-date information about income taxes, tax reliefs, capital allowances and much more.
By understanding where your money goes, you’ll be able to make better decisions about how you manage your money and plan for your future.
Business Rescue
We understand how stressful it can be when you’re facing financial challenges. We work closely with businesses of all sizes to work through their issues, whether they be funder or supplier pressures, HMRC concerns or wider cash flow worries, and support you in finding a way forward. We ensure that the advice given to you is from a qualified, licensed insolvency practitioner, who has a proven track record in rescuing many businesses over the years.
There may be many decisions a business needs to make through its lifetime. When there are financial, debt or cash flow problems in the business the stresses that relate to these are heightened. Sometimes a company has reached the end of its useful life and ADS Accountants will assist the directors and shareholders in this difficult time to close the company in an orderly and timely manner. This may be by liquidation or through administration. However if an individual does have financial problems, there are lots of solutions out there. At ADS Accountants, we don’t just help struggling companies, we also deal with solvent companies in order for the members to benefit from tax minimisation.
Construction Industry Scheme (CIS)
CIS will result in both a considerable amount of extra administration work, along with the extra exposure to severe penalties for non compliance. We carry out all the administration to make sure you’re fully compliant with HMRC and won’t come unstuck. ADS Accountants makes sure that the status of every sub-contractor is correct and pay the correct tax to HMRC on your behalf. We can provide the bespoke services such as sub- contractor verification, calculation of deductions, preparation of payment statement, preparation and submission of monthly returns.
Debt Management
Offering confidential support and advice on debt management, carrying out all of the administration to make sure your debt is looked after. In turn allowing you to pay off your debts at a rate you can afford. If you are struggling with debt or a Debt Management Plan and you need to talk to someone, we can advise to provide you with a tailored solution. Our senior advisors have many years of experience to help you through your unprecedented times.
Human Resources (HR)
At ADS Accountants, we believe that people and safety matter. We also know that staying on top of on-going changes in employment and health and safety law can be very time consuming. To help your business benefit from expert human resources services, we offer advice on all of these areas:
- Contracts of employment
- Statutory policies and procedures
- Performance management and appraisals
- Disciplinary and grievance guidance
- Equality and diversity
- Maternity, paternity, sickness, attendance, timekeeping
- Health and Safety risk assessments and audits
Independent Financial Advice
ADS Accountants offer individuals and businesses independent financial advice. Our advice is unbiased and specifically tailored for you, your family and your business.
We can guide you towards preventing poor investment decisions and protecting your financial future. To learn more, contact us here.
Insolvency
ADS Accountants provides UK businesses and individuals with specialist insolvency services, including winding up petitions and how to challenge a statutory demand, along with helping clients with proposals for IVA’s, bankruptcy, liquidation, administration and CVA’s and attend creditor meetings on your behalf and take actions against directors of insolvent companies.
Our Knowledge of Personal and Company Insolvency
Creditors and debtors in need of advice, guidance and support can access our knowledge, which extends across all areas of insolvency (personal and company). Oftentimes, creditors and debtors are disenfranchised from the insolvency process due to the inaccessibility of specialist support and guidance. We can provide answers for all the possible questions a creditor or debtor may have because of our considerable experience and wide range of services. Additionally, we work closely with licensed insolvency practitioners and experienced barristers, specialising in insolvency, debt litigation, commercial, and other related areas of law to supplement our knowledge base.
Payroll
We deliver comprehensive payroll services backed by professional payroll specialists. These are passionate professionals who have years of experience. We offer our services for all types of employment including full time, part-time, freelance, and contract employees. In addition to offering payslips for all your employees, ADS Accountants also takes care of P45 and P60 forms along with other administrative functions. We also deliver detailed labour and wage reporting that allows you to take a deeper look into how your business operates.
Tax Investigations
Tax investigations and tax enquiries are becoming increasingly common and can have a significant financial cost if handled incorrectly. Expert technical knowledge, careful negotiation and advice can often make a substantial difference to the eventual tax liability, penalty and charges. If you are under investigation by HMRC or wish to make a voluntary tax disclosure, our tax specialists have over 20 years of combined experience in dealing with tax investigations and voluntary tax disclosures, and can manage the full process on your behalf or advise you on the best strategy to approach.
Tax investigation advice includes:
- Income tax investigations, including:-
- Accelerated payment and follower notices
- Common Reporting Standard (CRS)
- IR35 Investigations
- Corporate tax investigations
- VAT and PAYE inspections
- Voluntary tax disclosure
- HMRC compliance check
- Undeclared rental income / HMRC Let Property campaign
Tax Planning
Taxation is the money which we must pay to the UK government on items such as our income, capital gains, property, businesses and more. Our tax planning services include certain products, allowances and guidelines to ensure your money is working its hardest and to ensure the tax you pay is ultimately a fair, yet minimal, amount. We revisit your objectives.
As well as being the basis for our advice, we will ensure that we consider tax in relation to these, and not allow it to dominate your financial plan. Many of the valuable tax allowances which we can utilise are refreshed each year, so we ensure you are making the best use of what is available to you. Our expert team will provide the bespoke solution and best way to your tax.
Taxation Filing
We understand the process of filing your tax returns can look very daunting. This is why ADS Accountants are willing to help you prepare, organise and understand what you’ll be asked for to successfully file your tax returns. We can also be an extra pair of eyes to ensure everything is okay.
We can advise on when you need to fill one in, when you need to register, what sections you’ll need to fill out, what expenses you can claim and how to pay your final tax bill.
VAT
Because VAT can be a complex process for many business owners, ADS Accountants steps in to assist you with all the nitty-gritty details. We ensure you get the process done right so that your business continues to move in the right direction. This also means that you do not have to deal with any problems with HMRC VAT inspectors who are known to be very harsh in case you make mistakes. This also frees up a lot of your time allowing you to focus on the areas where you are talented in to grow your company.
Our firm takes pride in the fact that we have a team of qualified tax advisors, who are experienced in the field and are able to guide you through the complex issues surrounding VAT and the obligations faced by your organisation.
Embedded Capital Allowance (ECA) claims
Our expert team helps UK property owners recover substantial tax savings on various building components, from security systems to heating installations.
With our comprehensive free consultation service, we’ll evaluate your eligibility and reveal the untapped tax benefits within your property. Transform your property expenses into valuable tax savings.
