Elliot & Co LLP Chartered Accountants

Services

We offer a wide variety of services that individuals and businesses may find helpful, including personal tax, corporation tax, business planning, payroll, VAT, capital gains tax and a whole lot more. Listed below are some of the services that we provide. If you would like some help or advice on something that is not listed below, please contact us to discuss you needs and see if we can help you.

Business Services

We deal with a wide range of businesses from those who are just getting started to those who have years of experience. We can help with the following:

Accounts preparation
Book keeping
Tax planning
Developing your business
Cashflow forecasts
Starting up your own business

Taxation

There are many different taxes that we may all become subject to during our lives. We provide expert advice as and when it is needed to ensure you maximise any allowances available to you and that you are being as tax efficient as possible. The taxes that we can offer advice on include:

Income Tax
Corporation Tax
Value Added Tax (VAT)
PAYE
National Insurance
Capital Gains Tax
Inheritance Tax
Stamp Duty

Value Added Tax

Value Added Tax (VAT) is something that a lot of people do not like getting involved with. This is largely due to the ever changing and very technical regulations that govern VAT. We can assist you with any VAT issues that you may have, including:

Registering for VAT purposes
Completion of VAT returns
Guidance on the more technical areas of VAT, e.g. land and property, partial exemption
Help with Customs & Excise visits or investigations
Advice on VAT record keeping
VAT planning

Payroll

If you employ or are thinking of employing someone, you will need a PAYE scheme and will have to deduct PAYE and National Insurance from their wages. Calculating the deductions can be very time consuming, and the Payroll programs can prove to be costly. This is why a lot of businesses outsource their Payroll. We provide a Payroll service which is run by experts with over 20 years experience. We operate PAYE schemes for clients with 1 employee up to clients with 25+ employees. All you need to do is tell us how many hours your employees have worked and we will do the rest! Services we offer include:

Calculation of weekly, four weekly or monthly wages
Providing you with payslips for your employees
Calculation of the monthly payments to be made to the Inland Revenue
Help with SSP, SMP and SPP
Administering any other compulsory deductions, e.g. CSA
Electronic filing of the end of year returns to the Inland Revenue

Construction Industry Scheme (CIS)

Anyone who works within the construction industry will be subject to the Construction Industry Scheme. We provide assistance to both Contractors and Sub-Contractors to ensure you are following the relevant legislation and are meeting your statutory requirements. Assistance we can provide to Contractors and Sub-Contractors include:

Advising on the rules regarding whether someone is employed or self employed
Completing monthly CIS returns
Preparation of end of year accounts and tax returns
Advice on the most tax efficient way to trade

Investors

Whether you have invested in shares, property or anything else, we can provide advice on the tax implications of buying and selling your investments.

Audit

As registered Auditors, we are able to carry out an audit on your business. This can be a compulsory audit due to the size of your business, or the audit of a club or society as requested by the members. We can also carry out an audit of a particular part of your business, e.g. a PAYE audit.