Accountants Leicester | Accounting and tax services Leicester

Our services

Find out more about our accountancy and tax services

Bookkeeping

We offer reliable bookkeeping services to take away the burden of processing your transactions.

Our bookkeeping offering ensures all your transactions are processed correctly and accurately.

We offer a fully managed bookkeeping service which includes; processing purchase and sales invoices, completing bank reconciliations and entering necessary accounting journals to ensure your accounting records are complete and accurate.

We support most bookkeeping packages including; FreeAgent, Sage, Xero, Quickbooks, IRIS and VT Software.

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Accounts Preparation

Our accounts preparation service will ensure your accounts are regulatory compliant, prepared accurately and on time.

We will ensure your business accounts are prepared in accordance with the applicable accounting standards and in accordance with regulatory requirements. ​

We offer a timely service and ensure your accounts are delivered to Companies House and HMRC on time.

Tax returns

Our offering includes preparation and submission of self assessment tax returns, partnership tax returns and corporation tax returns.

We deal with all areas of tax including personal tax, capital gains tax, corporate tax and VAT.

We are a HMRC authorised tax agent. This allows us to prepare and submit tax returns on your behalf. We also offer useful tax advice ensuring allowances and tax reliefs are fully utilised where appropriate.

We also prepare tax returns for CIS subcontractors working under the construction industry scheme.

Payroll

We offer a fully managed payroll processing service.

We can process your payroll on a weekly, fortnightly or monthly basis. We will ensure you are compliant with legislative requirements such as RTI reporting and pension auto enrolment, preparing P11D and submitting necessary reports to HMRC in a timely manner.

We also advice on and manage payroll duties for contractors and subcontractors operating under the construction industry scheme (CIS).

VAT returns

We offer useful advice on VAT and manage the process of preparing and submitting VAT returns to HMRC.

VAT registered businesses are are required to complete and submit VAT returns on a monthly or quarterly basis. The deadline for VAT return submission is within 1 month and 7 days after the end of the VAT period.

Completing VAT returns can be a hassle and it is important to ensure VAT is treated correctly on sales and purchases. We take this hassle away from you and prepare and submit your VAT returns digitally to HMRC on a monthly or quarterly basis, in line with making tax digital (MTD) requirements.

We also provide VAT advice and services on areas such as VAT registration and de-registration, VAT schemes (flat rate scheme, standard scheme, retail scheme, etc), and other areas of VAT relevant to your business.

Management Accounts

We offer a comprehensive management accounts preparation and reporting service.

Management accounts are valuable to business owners. It is essential management accounts are accurate and reported on a regular basis - they aid good decision making highlighting areas of growth, cost saving opportunities and profitability.

We offer a comprehensive service. As well as providing accurate management accounts on a monthly or quarterly basis, we can highlight and discuss key areas of your performance in a simple easy to understand manner.

Accounting Software Support

We offer advice on desktop and cloud based accounting software.

We are qualified advisors and experienced in Xero, FreeAgent, Sage, Clearbooks, Quickbooks, IRIS, VT Software and other accountancy softwares.

Tax Advice

Our services include professional tax advice and tax planning based on your personal and business circumstances.​

We offer expert tax advice relating to personal tax, corporate tax, capital gains tax and VAT.

Business support

We can support you with a range of business support services including preparing cash flow forecasts, budgeting and forecasting.

We can support you with a range of business support services including preparing cash flow forecasts, budgeting and forecasting and business plan writing.

We also offer advisory services to start up businesses and detailed business planning.

Finance director

We offer part time / interim Finance Director (FD) services.

We can provide finance director support to small and medium sized businesses.

Our finance director support includes: financial performance reporting, providing useful financial and commercial analysis, implementing accounting processes and controls, ERP system development and implementation projects, raising funding, etc.

Bookkeeping

Bookkeeping We can carry out your bookkeeping and take away the burden of keeping your books and records. We will ensure all your receipts, payments, sales / purchases invoices and other accounting records are processed correctly and accurately, and act as an extension to your team. ​ We offer a full range professional bookkeeping service for individuals, small / medium sized businesses and charities. We are experts and partners with most popular bookkeeping packages including Sage, Xero, Quickbooks, IRIS and VT Software. Most small business require 4 to 10 hours of bookkeeping each month. ​ We also offer bookkeeping advice and training for businesses wanting to bring their outsourced bookkeeping service in-house. We can manage the entire set up process and recommend systems to ensure accurate and efficient record keeping.

Accounts Preparation

Year end accounts are often seen as a compliance requirement. Our approach is different. We will prepare your annual accounts accurately and promptly ensuring transactions are accounted for correctly and we will sit down with you to discuss how your business has performed over the year. This will allow you to highlight opportunities for growth and cost savings. ​ Whether you are a sole trader, partnership or limited company, we will ensure your accounts are prepared promptly under the correct statutory format and submitted to Companies House and HMRC as necessary and on time. ​ We also provide support to charities with their annual reporting requirements.

Tax returns

Whether you are a Sole Trader, Partnership or Limited Company, you will have to submit tax returns to HMRC. We deal with all areas of tax, including personal tax, capital gains tax, corporate tax and VAT. We can prepare and submit your tax returns, including self assessment tax returns, corporation tax returns and partnership tax returns. We will calculate your tax, offer tax advice, claim any relevant tax reliefs for you and file your tax returns with HMRC in a timely manner. There are numerous reliefs available for individuals and business owners and we have come across many situations where these have not been claimed resulting in larger tax liabilities We can also prepare tax returns for CIS subcontractors working under the construction industry scheme.

Payroll

We can manage your entire payroll processing, whether its paying your staff on a weekly, fortnightly or monthly basis. We will ensure you are compliant with legislative requirements such as RTI reporting and pension auto enrolment, preparing you P11D's and submiting necessary reports to HMRC on your behalf. We can also provide advice and manage payroll duties for contractors and subcontractors under the construction industry scheme (CIS). ​ Our fully managed payroll services start from £10.00 per month. ​ Whether you are a sole trader, partnership or limited company, we will ensure your accounts are prepared promptly under the correct statutory format and submitted to Companies House and HMRC as necessary and on time. ​ We also provide support to charities with their annual reporting requirements.

Management Accounts

Management Accounts help business owners review and evaluate their business performance on a periodic basis (usually monthly). It is essential management accounts are accurate and reviewed on a regular basis, and key performance indicators are evaluated to ensure business success. Management accounts aid good decision making highlighting areas of growth, cost saving opportunities and improving profitability. We can prepare your management accounts (Profit & Loss, Balance Sheet & Cashflow statements). We will report key performance indicators and ratios so that you can evaluate profitability of your products and services. This will also allow you to know where your business stands financially and seek out informed decisions.

VAT returns

If you are a VAT registered business (compulsory if your turnover of taxable supplies exceeds £85,000) you are required to complete and submit VAT returns on a monthly or quarterly basis. The deadline for VAT return submission is within 1 calendar month and 7 days after the end of your VAT period. ​ Completing VAT returns can be a hassle and it is important to ensure VAT is treated correctly on sales and purchases. We can take this hassle away from you and prepare and submit your VAT returns digitally to HMRC on a monthly or quarterly basis, in line with making tax digital (MTD) requirements. We also provide VAT advice and services on areas such as VAT registration, VAT schemes (e.g. flat rate scheme, retail scheme, etc), and other areas of VAT relevant to your business.

Tax Advice

Our services include professional tax advice and tax planning based on your personal and business circumstances. ​ We can provide expert tax advice in specialist tax areas including IR35 advice for IT contractors and other contractors, inheritance tax planning, personal tax and capital gains tax. ​ We can also provide advice around the construction industry scheme for CIS contractors and subcontractors.

Finance director

We offer a Finance Director (FD) service to business managing directors and owners. Our FD services are tailored to your requirements. We have supported SME businesses in a wide range of areas including implementing accounting processes and controls, ERP system development, implementation projects, raising funding and as interim finance director for interim support.​ Completing VAT returns can be a hassle and it is important to ensure VAT is treated correctly on sales and purchases. We can take this hassle away from you and prepare and submit your VAT returns digitally to HMRC on a monthly or quarterly basis, in line with making tax digital (MTD) requirements. We also provide VAT advice and services on areas such as VAT registration, VAT schemes (e.g. flat rate scheme, retail scheme, etc), and other areas of VAT relevant to your business.

Accounting Software Support

We can advice on accounting software and cloud solutions if you intend to carry our your own financial record keeping. ​ We are a qualified Xero advisor and experienced in Sage, Xero, Clearbooks, Quickbooks, IRIS, VT Software and other accountancy software's.

Business support

We can support you with a range of business support services including preparing cash flow forecasts, budgeting and forecasting, business plan writing and due diligence/ advice on business acquisitions and disposals. We also offer advisory services to start up businesses and detailed business planning.

Get in touch today to discuss your accountancy and tax requirements with us and find out how we can help.

Call: 0116 298 2425
E-mail: enquiries@pabmans.co.uk

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