Our Services
At THIS Accounts Co. our story is rooted in a deep passion for simplifying business accounting and fostering financial growth for our clients. With a rich history and a commitment to excellence, we are your trusted partner on the journey to financial success.
Accountancy
Individuals and Soles Traders:
We understand the unique challenges and opportunities faced by individuals and sole traders when it comes to managing personal taxes. Our dedicated team of tax experts is committed to offering bespoke tax solutions that cater to your individual needs. We believe in a proactive approach to tax planning and compliance, ensuring that you are well-equipped to navigate the complexities of tax regulations effectively. Our services are designed to provide peace of mind and clarity in all aspects of personal taxation.
Our offerings for individuals and sole traders include:
Personalised Tax Planning:Tailoring strategies to individual financial situations.
Self-Assessment Tax Returns:Complete assistance from preparation to filing.
Capital Gains Tax Calculations:Expert guidance to maximise tax efficiency.
Ongoing Support and Advice:Ensuring continuous assistance throughout the year.
Collaborative Relationship:Building a partnership for long-term financial success.
Start-Ups and Early-Stage Companies:
We specialise in guiding start-ups and early-stage companies through the intricate world of business finance. Our team is dedicated to helping you navigate the complexities of setting up and running your business efficiently. From choosing the right business structure to understanding your financial obligations, we provide the tools and support you need to focus on your business growth.
Our key services include:
Business Structure Advice:Expert guidance on choosing the most suitable business structure.
Company Setup Support:Assistance with the initial setup and registration process.
Year-End Compliance:Ensuring your business meets all financial compliance requirements.
Financial Workshops: Interactive sessions to help demystify complex financial concepts.
Technology and Process Selection: Advice on selecting the most effective technologies and processes for your business.
Focus on Business Growth: Support that allows you to concentrate on what you do best – growing your business.
Limited Companies:
Acknowledging the distinctive dynamics of limited companies, we. offer a suite of services geared towards optimising your financial processes and ensuring regulatory adherence. Our approach is tailored to support the nuanced requirements of established businesses, ensuring your financial management aligns seamlessly with your organisational objectives.
Our services for limited companies include:
Bookkeeping:Detailed and accurate financial record-keeping.
Year-End Accounts:Comprehensive preparation and filing of annual statements.
Corporation Tax:Strategic handling for optimal tax compliance.
Payroll Services:Efficient management of payroll complexities.
VAT and Compliance:Navigating VAT intricacies and ensuring compliance.
Company Secretarial Services:Managing statutory requirements and records.
Specialised Tax Relief
Research & Development Tax Relief
Research & Development (R&D) tax relief is a measure that was introduced almost two decades ago to incentivise innovation in the UK. This corporation tax relief reduces a liability or in certain circumstances results in a payable tax credit, either way increasing cash to spend in the business, and therefore also benefitting the economy as a whole. The definition of what constitutes R&D is wide ranging but is often misunderstood, and as a result, the relief may be missed or overclaimed. In general terms, if your engineers or technical team spend time improving products or processes or developing solutions to technical problems, performing feasibility assessments or trying to find solutions through iterative processes, or trial and error, then this may qualify. If your team encounters failures, technical challenges or issues in the course of their work, or the completion of a project takes longer than expected, this could also indicate the presence of qualifying activities.
Patent Box Tax Relief
If your business makes a profit from patented inventions, you may be eligible for a lower effective corporation tax rate of 10% on your relevant profits under the Patent Box. In the short term Patent Box will save your company money and in the long term allow you to invest more into future innovations.
Video Games Tax Relief
Video Games Tax Relief (VGTR) was introduced to encourage the development of video games in the UK, by enabling games companies to claim cash credits on qualifying development costs VGTR can reduce the costs of developing video games through the provision of a cash credit of up to 20% of certain costs. In order to qualify, a game must meet a cultural test as managed by the British Film Institute (BFI), meaning that the game setting and characters, the development work, and the key development team must be mainly based in the UK or European Economic Area (EEA).
Share Plans and Employee Incentives
We recognise the powerful impact that well-structured share plans and employee incentives can have on your business. Sharing a stake in the business not only boosts employee engagement but also aligns their goals with the broader corporate objectives, significantly contributing to the company's growth trajectory.
Our services are designed to create and manage effective share plans that offer numerous benefits to both the company and its employees:
Tailored Share Plan Design:Crafting share plans that align with your business objectives and culture.
Recruitment and Retention:Attracting and retaining top talent by offering a stake in the company's future.
Incentivisation:Motivating employees to meet and exceed corporate goals, fostering a shared sense of purpose and value creation.
Reward and Recognition:Providing a tangible way to reward employees for their contributions to the company's success.
Tax-Efficient Strategies:Navigating the complexities of corporation tax deductions and tax-efficient share plans.
HMRC Compliance:Ensuring all share plans meet regulatory guidelines and compliance standards.
Business Consulting
Our aim is to provide your business with the strategic insights and support needed to navigate complex challenges and opportunities. Whether you're preparing for growth, facing audits, or considering corporate transactions, our team is equipped with the knowledge and experience to guide you.
Our comprehensive business consulting services include:
Audit Support:Assistance in preparing for and navigating through audits.
Negotiation Support:Expert advice and strategies for business negotiations.
HMRC Investigation Guidance:Support and guidance during HMRC investigations.
M&A Advisory:Insightful advice and support when buying or selling a company.
Business Planning and Forecasting:Strategic planning services to predict and prepare for future scenarios.
Business Tax Corporate Structure:Advice on optimising your corporate tax structure.
In addition to these services, we also offer:
Virtual Finance Director Service:This innovative service provides your business with senior financial expertise without the full-time cost. Ideal for businesses seeking accurate management information and strategic financial insight, our Virtual Finance Director is a cost-effective solution to guide your business through its financial journey.
Need more details? Contact us
We are passionate about what we do and are committed to your success. Whether you are an individual, a startup, or an established corporation, THIS Accounts Co. is here to support you in achieving your financial goals. Contact us today to discover how we can simplify your accounting and maximise your financial potential.