MSCO

Accounts Preparation

Like most qualified firms of Chartered Certified Accountants the backbone of our practice is the preparation of accounts. Preparing formal accounts for the Inland Revenue and Companies House is fundamental in meeting the needs of the business. At such times we try to be as constructive and helpful as possible in preparing and submission on time.

With every limited company and limited liability partnership comes the LEGAL requirement to file accounts at Companies House. Failure to do so leads to automatic penalties of up to £1000 for private limited companies and £5000 for plc's. These accounts are however available to the public and your competitors. We can assist you fulfil these legal responsibilities, yet ensuring that only the minimum amount of information is available to your competitors. We would also prepare the accounts in greater detail for the shareholders of the business and HM Revenue and Customs. Corporation Tax Returns would also be prepared ensuring full compliance with the current legislation.

Book keeping

Day to day record keeping is the key to timely financial information, and ensuring
that it is kept up to date can be difficult especially during holiday periods or maternity leave. We offer a service which will help you over that hurdle by staffing any shortfall caused by temporary increase in work or illness. We have experience in manual systems, sage line 50, VT Irish and QuickBooks. A free of charge preliminary meeting will ensure that the record keeping is maintained seamlessly.

We are able to offer facilities to maintain companies accounting records. This can be particularly attractive for smaller clients who either want to dispense with the "hassle" of routine day to day accounting work or alternatively for businesses where they have had major regulatory problems in the past and wish to ensure that those difficulties do not arise again in the future. Where we are involved in the maintenance of accounting records we would normally recommend that regular management accounts are prepared. If records are kept in a proficient manner there is usually very little additional cost in producing regular
financial statements and we feel strongly that such accounts are necessary if even the smallest business is to manage its activities properly.

Company Secretarial Work

MSCO provide company secretarial services including:

• Company formation
• Company Secretary
• Maintaining your statutory register preparation and filing of all returns company searches
• Reorganisation of your capital.

Management

With the financial year end accounts being prepared up to 9 months after the end of the period, it can be too late to rectify problems within the business. By preparing management accounts on a quarterly basis, trends and potential problems can be identified at an early stage and resolutions found. We can prepare accounts in a pre agreed format that gives you the information you want to manage the business. The format may well be different to that at the year end, with greater detail being provided on for example sales, or staff productivity.

Our management accounts will provide you with an invaluable insight as to how your business is really performing and will allow for you to quickly make solid business decisions based on our findings.

Payroll

MSCO can help with the following payroll services:

• Monthly payroll service
• Weekly payroll services
• Dealing with HM Revenue and Customs in relation to payroll matters
• The production of pay slips and reports
• Completion on employers annual returns
• Production of P11D's and other documentation
• Specific payroll advice about the most efficient way to make payments to your employees.

In addition, we submit the majority of documents on line to HM Revenue and Customs meaning that we will claim the financial benefits offered by the government for online filing. This could be worth £££ to your business over the next 3 years.

Companies of all sizes find that it makes more financial sense to outsource their payroll administration. We offer a payroll service that is efficient and reliable, to help keep your staff happy and productivity high.

Our payroll team provides the following services:

• Processing your payroll
• Keeping comprehensive records
• Training on site
• Dealing with administration & paperwork
• Making BACS payments & bank transfers
• Arranging stakeholder pensions
• Meeting all statutory requirements
• Resolving Inland Revenue queries

VAT

MSCO can provide assistance with:

• VAT registration
• Quarterly VAT returns
• Flat rate scheme, cash accounting or annual VAT returns
• VAT enquiries or investigations
• VAT advice
• EC sales lists and VAT compliance issues

Self Assessment

For people running their own business whether it be a limited company or an unincorporated business, the annual completion of the tax return can be a daunting task. For a basic fee of £150 +VAT we will complete your tax return and submit this to H M Revenue and Customs advising you of your liability and dates by which it should be paid.
We can help you with your self assessment no matter what your situation, including:

• Self Employed
• Partnerships
• Company Directors

We will work to exploit all tax saving opportunities and can provide advice as well as tax compliance. Our vastly experienced tax department are veritable experts at minimising tax liability.