Waveney Tax Solutions
Working with clients - not just for them.
Services
Sole Traders
Bookkeeping - keeping accurate and up to date records is an important part of running a business. We offer a monthly bookkeeping service, but can also provide you with a suitable solution for your business.
Payroll - we offer a complete payroll solution, RTI compliant and able to deal with auto-enrolment. Alternatively we can provide you with training and simple to use payroll software.
VAT - we will advise you whether or not you should register for VAT and assess your business to see if any special schemes would be advantageous. We can also prepare and file VAT returns on your behalf.
Year end accounts - we will of course prepare your year end accounts, but we can also prepare interim accounts if required.
Self assessment - we will prepare and file your self assessment tax return and ensure that you maximise any tax reliefs available to you.
Tax planning - as part of our service, we will keep you notified of any changes in tax legislation that may affect your business and ways in which you may be able to reduce your tax liability.
Business planning - we will review any changes that could be advantageous, such as a change of business entity and also help with business exit strategies.
Partnerships
Bookkeeping - keeping accurate and up to date records is an important part of running a business. We offer a monthly bookkeeping service, but can also provide you with a suitable solution for your business.
Payroll - we offer a complete payroll solution, RTI compliant and able to deal with auto-enrolment. Alternatively we can provide you with training and simple to use payroll software.
VAT - we will advise you whether or not you should register for VAT and assess your business to see if any special schemes would be advantageous. We can also prepare and file VAT returns on your behalf.
Year end accounts - we will of course prepare your year end accounts, but we can also prepare interim accounts if required.
Self assessment - we will prepare and file the partnership self assessment tax return and ensure that you maximise any tax reliefs available to your business.
Business planning - we will review any changes that could be advantageous, such as a change of business entity and also help with business exit strategies.
Limited Companies
Bookkeeping - keeping accurate and up to date records is an important part of running a business. We offer a monthly bookkeeping service, but can also provide you with a suitable solution for your business.
Payroll - we offer a complete payroll solution, RTI compliant and able to deal with auto-enrolment. Alternatively we can provide you with training and simple to use payroll software.
VAT - we will advise you whether or not you should register for VAT and assess your business to see if any special schemes would be advantageous. We can also prepare and file VAT returns on your behalf.
Year end accounts - we will prepare year end accounts for Companies House and for HMRC. We can also prepare interim accounts if required.
Corporation tax - we will prepare and file the corporation tax return and ensure that you maximise any tax reliefs available to your business. We will remind you of any liabilities and payment dates, helping you to avoid late payment penalties.
Business planning - we will review any changes that could be advantageous, such as a change of business entity and also help with business exit strategies.
Tax planning - tax planning isn't just for individuals and we will keep you notified of ways in which you may be able to reduce your company's tax liabilities.
Individuals
Self assessment tax returns - we will prepare your self assessment tax return, including any necessary supporting schedules and of course a detailed tax computation. Submitting our returns electronically enables our clients' affairs to be finalised each year in a timely manner and helps to speed up any tax refunds. We will remind you when you have tax liabilities to settle, deal with any correspondence from HMRC and check any PAYE coding notices for you too.
Repayment claims - think you have overpaid tax but not required to file a self assessment tax return? That's fine, we can deal with income tax repyment claims on your behalf.
Tax credits & state benefits - we can help with tax credit claims and state benefit applications.
National Insurance - we can help with National Insurance Contribution queries and claims such as small earnings exemption and deferment.
Tax planning - as part of our service to individual clients, we will keep you notified of ways in which you may be able to reduce the tax you pay. We can also prepare tax forecasts to help you to plan ahead, for things like retirement or a sale of property.
Specialist Sectors
Construction Industry Scheme - we are experienced in dealing with both contractors and sub-contractors in the construction industry.
Market gardening & nurseries - there are special tax rules for market gardening and nurseries. Speak to us to make sure your business is assessed correctly.
Foster Carers - foster care and adult placement care is treated as self-employment income, but there are special tax rules to be reviewed and applied each year.
Seafarers - special tax treatment exists for qualifying employees who work on board ships and we will help you to understand the requirments and operate within the rules.
We also have lots of experience in dealing with artists, landlords and businesses in the hair & beauty trade.
Specialist Services
Estates - we can deal with the tax affairs for an estate and also help with any relevant claims for the bereaved.
Trust returns - we will prepare trust self assessment tax returns and keep the trustees notified of any liablities arising. We are also able to deal with the tax affairs for beneficiaries, where relevant.
Non-residents - a complex area of legislation, but we are experienced in dealing with UK tax returns for non-residents.
Business start-up - specialist advice and guidance for people starting or recently started a new business, including all the necessary registrations with HMRC (and Companies House where relevant), giving you extra support in those early days of trading.
Company formation - we have a simple to use online company formation tool - just follow the link at the bottom of the page