Whether you are a Sole Trader, Partnership or a director in your own company, we can offer a bespoke service to suit your requirements. We can also accommodate property owners that have a requirement for tax services and returns.
Orbital
ACCOUNTING
ANNUAL ACCOUNTS
We offer a full accounts preparation service covering Sole Traders, Partnerships and Limited Companies. We will submit these accounts to Companies House and HM Revenue and Customs on your behalf.
MANAGEMENT ACCOUNTS
We prepare management accounts, cash flow projection and profit projection based on a monthly or quarterly basis, providing you with an overview of how your business is performing. This will assist you with making vital business decisions after assessing your business performance, benchmarking, profit performance indicators and budgeting.
BOOKKEEPING
Keeping accurate bookkeeping records is essential for any business and in view of the introduction of Making Tax Digital (MTD), we can undertake this workload for you. We use several bookkeeping systems (such as Sage, Quickbooks and Xero) and this can be done each month, quarter or year to suit your needs.
PAYROLL & PENSION
If payroll is a requirement for your business, we can run payroll on weekly or monthly basis and provide support from our technical expertise on payroll matters and liaise with HMRC on your behalf if necessary. We can also advise on suitable pension enrolment providers for the workplace pensions for your business, upload and manage the pension for you, on your behalf.
Orbital
TAX SERVICES
About Our Taxation Services
We can help you to structure your business to minimise the amount of tax it pays whilst making sure that the legislation is adhered to.
Keeping up to date with the latest tax issues is essential and we can provide current information and apply our knowledge on all issues that you may come across.
We can provide detailed advice to a range of clientele from small business owners to company directors regarding tax compliance.
Corporation Tax
Corporation Tax applies to all UK-resident companies profits/gains and it can be a minefield if choosing to undertake this task yourself. Whilst we aim to minimise your tax liability there are many regulations needed to be taken into consideration and this means careful planning. We will also calculate your company’s tax liability and assist with the calculation of any quarterly instalment payments if this is necessary.
SOLE TRADER/PARTNERSHIP TAX
Sole Traders and Partnerships require equal levels of tax planning as some larger businesses to ensure you are compliant with the legislation and opportunities are not missed. It is essential that registration of their business with HM Revenue and Customs is done within three months of setting up.
VAT
Ever changing regulations and the growing demands of HMRC means VAT compliance can be a difficult administrative process. We can help you to comply with the regulations so that mistakes are minimised. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
Assistance with VAT registration
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation
Help with completing VAT returns
Planning to minimise future problems with HMRC
Negotiating with HMRC in disputes and representing you at VAT tribunals if necessary
TAX INVESTIGATIONS
Potentially a business may face an inspection from HM Revenue and Customs and tax investigations are becoming more common for both businesses and private individuals. If you are facing an investigation, we can assist and support you through this and correspond with HM Revenue and Customs on your behalf.
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