We can ensure that accounts and returns are completed and submitted to the correct authorities on time, helping you to meet your responsibilities as company officials.
We can take away the preparation of VAT returns, payroll etc. so you do not have to think about it. If necessary we can even recommend one of our bookkeepers who will come and work within your company.
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Products & Services
Year End Accounts
This is the core service that we offer as accountants. Once a year, in order to comply with legislation, every kind of business entity will need to compile accounts - whether for submission to Companies house or to be included on a tax return for submission to HMRC.
We take the stress out of completing your self assessment tax returns. You need to complete a tax return if you are self employed, have rental income from property, have income which has not already been taxed, are a company director or are a higher rate taxpayer.
Business owners are legally obliged to keep accurate records of all transactions. Good bookkeeping also helps your business to manage and control finances and plan for future growth. For new companies, rapidly growing companies and owner managed companies this can be a daunting task.
We can take this pressure off your hands and leave you to run your company. Initially we will establish the records you will need to compile, we will then work with you to put systems, that you feel comfortable with, in place that you feel comfortable with.
Value added tax is one of the most complex and onerous tax regimes imposed on a business and there are penalties for failing to comply. As a consequence VAT is responsible for causing considerable fear and anxiety within businesses.
Initially we ensure that, as a company, you are accounting for VAT using the most appropriate scheme. We then aim to support you as queries arise during your day to day transactions and, with constantly changing regulations, this is a common occurrence.
Operating a payroll in house can take time and places a burden on businesses. It is also vital to stay on top of continuously changing legislation which is not always easy. It is not just as simple as ensuring tax and national insurance deductions are calculated correctly, there may also be pension payments, benefits etc. Statutory deadlines need to be adhered to, or there will be penalties and interest.
From Our Website
We have expert knowledge and years of experience of all of the major accounting software packages currently available. We will make sure that your company has the right systems in place to produce relevant and accurate information for management decisions and for us to produce statutory accounts. We are experts in networks and can advise you on the best hardware and software to buy and we can then set it up for you. It is important to use technology to / remote access / email accounts / website development / data storage.
As a new and rapidly expanding company based in the North East we face new financial challenges on a daily basis. Knowing that we have Simon Harris & Co and the end of the phone has been a source of great comfort. The training you have given during your visits has also been very valuable for our staff. We can help partnerships with all of their accounts and tax needs. A partnership shares control, responsibility and finances between two or more people. Partners are jointly responsible for managing the business, they are also jointly and severally liable for any debts incurred and eventually share profits remaining.
Just a note to thank Simon Harris and Co for completing my accounts again this year - as usual error free and complete at the first attempt. I think it has been 8 years now since we transferred our accounts to you. It is a pleasure to deal with a practice that combines modern accounting techniques with old fashioned values of customer service. We specialise in the preparation of accounts and tax returns for small business clients.
As a fledgling self employed designer you have always been there to offer me relevant advice and help with what is as a creative designer my least favourite thing.numbers. I would definitely, highly recommend your services! Funding might be needed to help you get started in the form of a business Loan or a Grant and we get help you put together business plans and cash flow forecasts etc which would be needed. Systems will need to be set up within your business to ensure that proper records are kept and we can help you to achieve this.
As an employer you are likely to provide your employees with certain benefits, the most common of which is a company car. There is a tax charge related to this and it will be your obligation to calculate this and submit a return to HMRC. We can take this task off your hands, we will produce the returns and submit them on your behalf.