Accounts & Tax Services
Chartered accountants you can count on
Our Accounts and Tax service ensures you stay compliant, avoid penalties, and save money. We’ll take care of the paperwork, so you can concentrate on running your business.
Whether you’re a sole trader, in a partnership or you’re running a limited company, we stay fully up to date with the latest rules and regulations to keep you on the right side of HMRC.
What’s included in our Accounts & Tax service?
We handle the full cycle of tax filing and accounts preparation to take the stress out of complying with HMRC.
- Year-end accounts. We’ll prepare and file your annual accounts in line with Companies House and HMRC standards.
- Corporation tax. We’ll identify allowable deductions to save your business money, with timely accounts submission to HMRC.
- Self-assessment. Whether you’re self-employed or a director of a company, we’ll go through everything with a fine-tooth comb.
- Tax planning. We can give you guidance on dividends, salary and more.
Why work with us?
We’re straightforward
We’re here to help real people navigate their accounts and tax filing. There’s no jargon, no round-about talking. Instead, you’ll get clear, honest expert advice that will deliver tangible benefits.
We’re experts
We’re chartered accountants, and we make sure that we’re up to date with all the latest rules and regulations to ensure that you’re making the most of any deductions.
We’re transparent
There’s no smoke and mirrors here. Instead, you can expect clear, fair pricing that makes sense. Take a look at our pricing page for guide prices.
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Explore our other services
Need more? Whether you’re looking for someone to sort your payroll or you need advice on accounting software, we can help.
Frequently asked questions
Why should you outsource accounting and tax preparation services?
Outsourcing accounts and tax means that you get access to expert knowledge and technology without the employee overhead. It also frees up the business owners and managers to focus on running the business!
Can you help if I’ve fallen behind with my accounts?
Of course! We often help untangle and tidy up accounts to make sure you’re all caught up, avoiding and mitigating any penalties.
When are company accounts due?
Nine months after your company’s year-end.
Can Syers McGill help businesses if their bookkeeping is behind or incomplete?
Yes, it is very easy to fall behind on your bookkeeping, especially if you do it yourself while running your business. We can help set up your accounting systems to work for you and be much more efficient, whether that means suggesting the best software and advising on how to use it, taking over your bookkeeping or pointing you to a more specialist bookkeeper. Keeping good financial records means you will have a much better idea of how your business is performing and will allow you to make informed decisions or cut unnecessary costs.
When do I need to register for VAT?
The current HMRC VAT threshold is £90k, so if your UK sales exceed this threshold in any 12-month period, you are required to register for VAT. You can also voluntarily register for VAT at any point. This decision will depend on a number of factors, such as who your customers are or how much VAT you pay on expenses; we would recommend speaking to us to ensure you make the right choice.
Do you need bookkeeping if I use accounting software?
Yes, although some adverts for accounting software seem to suggest that they do the bookkeeping, this is simply not true. The accounting software brings in the data from your bank and suppliers very efficiently, but you still need a bookkeeper to tell the software what each transaction is. The bookkeeping has had to adapt to the software, so having a good bookkeeper who knows it is invaluable. There are tools and reports built into the software that you can tailor to your business, and we would work with you to find the best solution. The software is used to make timely, accurate submissions of VAT and MTD returns to keep you HMRC-compliant.
What business expenses can I reclaim VAT on?
There are many business expenses that include VAT. It is important for each VAT-able expense that you obtain a copy of a VAT invoice/receipt, which will detail the VAT paid and the supplier’s VAT number. This will allow you to reclaim VAT from HMRC if your business is VAT-registered. Accounting software allows you to upload VAT invoices/receipts, which helps us check them and means you do not need to keep hard copies. VAT is a complex tax, and not all expenses include VAT, so we always recommend speaking to us if you are unsure about anything.