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Jury Farm ,Ripley Lane,
West Horsley KT24 6JT
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HMRC are committed to a policy of ‘Making Tax Digital’ in an effort to simplify the processes involved in all areas of taxes and of course we applaud and embrace their plans.
Here at Centora we have been at the forefront of the new schemes and we help our clients in every way possible to make sure that all returns are posted in a timely and accurate manner.
We will help you pull all your annual earnings together and help with the calculation of the tax due. This covers not just your salary, but also other types of income and capital gains, such as dividends, bank interest, property, international etc… and we’ll make sure that any allowances are considered in the calculation such as pension investment, tax credit or student loan.
The ‘Making Tax Digital’ programme from HMRC looks set for complete introduction by 2020 and her at Centora we are at the forefront of compliance with these new systems. Not only will we advise on the best processes we will install software and give full training to your in-house finance team if required.
It may seem incongruous that in this time of Making Tax Digital and on-line reporting that we continue to use a system as ‘old-fashioned’ as Year End?
However, it remains a vital part of the accountancy profession and must be taken seriously.
Year End calculations are key to creating a Financial Statement, profit and loss statements and balance sheets. With Centora, your business will have properly prepared and maintained books and this information will be used to calculate depreciation and amortisation charges to fixed assets.
Some items may need to be reclassified and of course we will advise on the most efficient practices in this regard, we will also make any adjustments to inventory and the accrual of unrealised business expenses. It may sound complicated, but that’s what we are here for.
A comprehensive service designed to help businesses by delivering employee payslips, preparing Real Time Information returns and Employer Payment Summary.
We handle PAYE and National Insurance, expense processing and the administration involved with people joining or leaving you company. Maternity, paternity, sickness payments and student loan repayments are also calculated on your behalf by Centora and our transparent system allows you to check company liability.
The service also includes year end payroll duties, P60s, and P11Ds, removing any doubt for companies, employees and HMRC.
If yours is a Limited Company you will be liable to pay Corporation Tax on your profits and it is your strict liability to ensure compliance with these tax obligations.
But worry not, Centora will take care of everything.
Not only will we accurately prepare your company accounts and tax returns in a timely manner and ensure that everything is in order, we will work tirelessly to make sure that all applicable allowances and deductions are made to minimise your tax liability.
We offer a cost effective, comprehensive service designed to help businesses through the potential minefield of VAT legislation and liability. We certainly do not need to emphasise the dangers involved with non-compliance but we will advise on the preparation and submission of returns, VAT Planning and Advice and help with VAT registration and appropriate small business schemes and allowances.
There are bound to be teething issues with the new system and here at Centora we guide you through each step, letting you know what you need to tell us in order to comply with legislation and ensuring a smooth transition with no mistakes.
Our Xero software is fully approved to submit returns and integrate seamlessly with the accounts systems. And we can install Xero and provide full training for all our clients.
One of those things that sounds scary with tales of late filing and being struck off the Register, the Confirmation Statement is a legal requirement for every Limited Company in the UK.
The statement itself is confirmation that all the details held on file by HMRC are up to date and accurate. We will complete the statement on your behalf and make sure that it is submitted in the required format and in a timely manner, applying relevant changes accordingly.
…Just another service that we provide for our clients to remove hassle and worry.
Tax credits for businesses and business owners come in all shapes & sizes and in order to claim the most from these often generous benefits you need an accountancy practice that really knows the ropes.
We can advise on R&D Tax Credits, Enhanced Capital Allowance, Annual Investment Allowance (AIA) and Employment Allowance. We might even be able to help you claim for building renovations as part of the HMRC Business Premises Renovation Allowance (BPRA).
Whatever business you are in, Centora will help you make the most of these allowances.
Accurate forecasting relies heavily upon accurate records, how can you make a decision about the future growth of your business without access to precise facts and figures?
Our model uses all available data to create an accurate picture of your business, then using this information we can help you make the most informed decisions. Our analysis and forecasting gives you all the relevant detail on inventory, cashflow and income, Centora expertise can be the difference between success and failure.
Through sound production of accurate accounts Centora will help you prepare for funding, being for expansion projects, acquisitions and/or significant purchases.
Whether sourcing through traditional or less orthodox routes, your investors will need to know that you have the resources to support your growth. A well-prepared and accurately presented financial model, growth objectives and financial forecast will be invaluable in securing interest at the best possible terms.
Centora has been providing outstanding bookkeeping services since day one of our company, we recognised then and we continue to appreciate the absolute value of accurate bookkeeping to our entire accountancy practice.
Quite simply, we deal with everything to do with processing the company financial transaction into your bookkeeping system.
And, because the service is provided by Centora, the bookkeeping process merges seamlessly with our other services such as Management Accounts, Budgets and forecasting, Xero reporting, monthly and quarterly accounts, TAX reports and VAT Returns.
Trust Centora to handle everything.
The selection of appropriate accounting software can be bewildering, you may be considering the use of a package for the first time or perhaps you have outgrown your existing system.
Centora can help with guidance, advice and training, ensuring that you get the most from your chosen software and that it is working efficiently for your business. We will introduce best practice for file storage, data input, file management and transaction histories and of course be on-hand to help with any issues you or your in-house team may have.
The best thing to come out of New Zealand since the All Blacks.
Xero is accounting software that makes life easier for business owners and individuals, you can get paid quicker with online invoicing, balance your books and create expense claims. Reports and transactions are updated instantly so you are always in control of your company finances.
We use Xero and we recommend it to our clients.
Centora Ltd. is a company registered in England and Wales - registration number: 563603| Copyright © 2019, Centora