Accounting for businesses
Used as the basis for corporation tax compliance and planning, all companies are required to prepare and file a set of statutory accounts with Companies House for each financial year. The accounts can, of course, be in a form which gives limited disclosure.
These accounts are imperative; it is vital that they are prepared in accordance with the prevailing law and practice.
SLJ Accountants can assist with all aspects of statutory accounts preparation and any associated issues. We aim to complete our work with as little disruption as possible for the company’s management and its stakeholders.
The open dialogue we maintain with our clients enables us to deal with one off transactions correctly and ensures our clients fully understand the financial statements that we prepare, which they will ultimately sign. Though we like to maintain this open dialogue, we always strive to work in a way which does not distract our clients from their day-to-day business activity.
SLJ Accountants has a trusted support network that can provide specialist expertise in areas including statutory accounts audits, data entry, bookkeeping and direct VAT compliance.
Tax advice for businesses
SLJ Accountants handles all the tax issues our corporate clients face in the day-to-day operation of their businesses. Our hands-on, judicious and commercial advice enables our clients to run their businesses secure in the knowledge that their tax is ‘sorted’.
Keeping firmly up to date with all the latest tax developments, our corporate tax planning process is designed to enhance a business’s customary commercial activity, as well as addressing one-off transactions and initiatives.
Our advice is not based on ‘aggressive’ tax planning strategies; we concentrate on using our extensive commercial and tax experience to identify and implement robust tax planning.
The following list illustrates some key areas of SLJ Accountants’ corporate tax expertise:
- Tax payment planning
- Corporation tax computations and returns
- Guidance and support with HMRC enquiries
- R & D relief
- Group structuring and capital reductions
- Maximising capital allowances
- Employee share, reward and incentivisation schemes
- Profit extraction strategies
- Capital value realisation and growth
- Intellectual property
- Creative industry tax reliefs for Corporation Tax
- Registration and MTD planning
- One-off advice
- VAT health checks
- Acquisitions and disposals
- MBOs & MBIs
- M&A due diligence appraisals
- Reconstructions, reorganisations and demergers
- Inbound and outbound structuring
- Transfer pricing
- Withholding tax mitigation
Services for accountants
SLJ Accountants works with a number of fellow professionals, acting as their ‘hard tax’ department.
As a result, these clients are able to offer a wider range of services to their own clients, safe in the knowledge that they have us supporting them with the more complicated tax issues. We support accountancy and law practices in this way as well as some independent IFAs.
We work with such clients in whatever way suits them best. This may be taking more of a back-seat position, working together in partnership, or in certain cases – where it is felt by all parties to be the most efficient approach – we can take the lead on standalone assignments. In the latter circumstances, we always keep our clients fully updated on everything we are doing for their clients.
SLJ Accountants does not work in competition with our fellow professional clients; our stated aim is to enhance our clients’ service offering to their clients. This collaborative approach has worked extremely well over the years for a large variety of assignments.
What People Are Saying
‘We have been working with Simon for over seven years now. He has acted as our ‘hard tax department’ supporting us on those challenging tax issues our clients raise with us from time to time. Simon provides practical, no nonsense advice which is always commercial and tailored to the circumstances of the client in question. Simon also supports the wider our professional team on general tax issues. On occasion, where it has been more efficient for us to do so, we have asked Simon to work directly with selected clients. This has always been handled very professionally. Simon’s support helps us to build our client relationships secure in the knowledge that we can handle any tax problem they may present us with.’
– Senior Partner/Accountancy Practice
‘We are a leading provider of specialist recruitment solutions to the IT, and healthcare markets. We have been a client of Simon Littlejohn’s for close to 20 years. Simon has helped us with a range of matters, including devising and implementing an employee share scheme, assisting with senior employee changes, putting in place appropriate personal tax planning arrangements and generally being on hand for the ‘sounding board’ moments when new business ideas arise. Our business has risen to, and dealt with, various challenges over the past few years. With the help and support of Simon we have sailed through them and continue towards the future with great optimism.’
– Business Owner/Recruitment
‘We have been working with Simon for the past six years. During that time, he provided us with both general financial advice and compiling and submitting our R&D tax rebates. His vast experience and expert knowledge has served us very well and his input has been invaluable to our business. Simon is also very personable and easy to work with.’
– Business Owner/Technology
‘My firm had the misfortune of applying for EIS Relief some years ago and being refused repeatedly. With Simon leading the charge we realised that the regular HMRC staff were not for turning. Simon took us to the special commissioners and had a resounding victory obtaining a very valuable relief and endorsement of his stance from the judge.’
– Business Owner/Marketing
‘I have worked with Simon on numerous projects over many years. At all times I have found his technical knowledge , practical advice and support invaluable and I would not hesitate in recommending him’
– Private Client/