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Accounting Solutions

Sole traders & Partnerships
It’s great to be self-employed – you are your own boss and your success is limited by your own imagination. However self-employed status brings with it many regulations and responsibilities you must comply with. We can help with many of these including:

• Annual accounts preparation
• Self-assessment tax returns
• Regular management accounts
• Tax advice and planning
• Payroll and VAT
• Computerised accounting systems
• Budgeting and management information
• Business advice

Limited Companies
When your business has out grown its sole trade or partnership status we will recommend you form a limited company to run your operations if we deem this appropriate.

Limited companies are more suitable for larger organisations, have many tax planning opportunities and are separate legal entities therefore they can live on past the retirement of the owner. Companies also face significant regulations and responsibilities. We can help with many of these including:

• Annual accounts preparation
• Corporation tax returns
• Regular management accounts
• Company secretarial duties
• Filing accounts and annual returns
• Tax advice and planning
• Payroll and VAT
• Computerised accounting systems
• Budgeting and management information
• Business advice

We have many years’ experience in this niche area. Our success in this area is a result of the expertise we have in the legal profession leading to the provision of a quality service. Delivering quality services at competitive rates has meant solicitors recommend us to their colleagues and this is the sole mechanism we have for new business in this area. Services we provide include:

• Accountant’s reports for Law Societies
• Annual accounts preparation
• Self-assessment tax returns
• Tax advice and planning
• Business advice
• Pensions planning
• Investment advice

Clubs & Associations
We have built up a significant number of clubs and associations on our client list. We understand the specific needs of these organisations which enable us to deliver a quality service tailored to their needs. We know how important it is to account for all income and expenditure accurately so members know how their organisation is being run. We appreciate the unique reporting requirements clubs and associations have and our team ensure these are fulfilled. Services we provide include:

• Accounts preparation
• Tax returns where necessary
• Annual returns to the Police and other bodies
• Presentation of accounts to members at AGMs
• Tax advice and planning
• Computerised accounting systems
• Business advice

Tax Compliance and Planning

Income Tax
If you are one of the nine million people who complete a self-assessment tax return each year, you are legally obliged to meet HM Revenue and Customs (HMRC) deadlines to avoid financial penalties and interest charges.

We offer an efficient and comprehensive tax return service for individuals, whether you are resident in the UK or not.

We can prepare your personal self-assessment return, carry out any necessary calculations, correspond with HMRC and deal with any enquiries.

Our specialist team can also offer you a full range of tax planning services, including:

• Advice on tax-efficient remuneration and business structures
• Inheritance tax planning
• Pension planning

Corporation Tax
Corporation tax represents a significant portion of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be spent on the administrative burden that corporation tax demands.

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:

• Determining the most tax effective structure for your business
• Taking full advantage of tax opportunities and reliefs
• Achieving the optimum capital or revenue tax treatment
• Reducing tax on disposals and maximising relief on acquisitions
• Making the most of tax opportunities specific to your industry
• Meeting the rigorous demands of compliance including corporation tax self-assessment
• Acting on your behalf in discussions with the tax authorities
• Efficient corporate tax planning which can result in potentially significant improvements in your bottom line.

Value added tax, with its ever widening scope, is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently over or under pay VAT.

We have worked with a wide variety of organisations requiring varying levels of support. VAT planning requires in-depth knowledge where professional advice can bring big rewards. We have helped many of our clients to reduce VAT assessments and minimise their VAT liabilities.

Our services include:

• Assistance with VAT registration
• Advice on VAT planning and administration
• Use of the most appropriate scheme
• VAT control and reconciliation
• Assistance with the completion of VAT returns
• Practical support during VAT inspections

Inheritance Tax
IHT remains a complex area and seeking early professional advice is wise. Our expert team can advise on a number of options for reducing your IHT liability, including:

• Gifts, including lifetime gifts
• Life insurance policies held in trust
• Wills

Capital Gains Tax
We have vast experience in the area of Capital Gains Tax. We offer an efficient and comprehensive advice service on the available reliefs and planning opportunities available when disposing of a capital asset. These assets can include land, property and stocks and shares.
Self Assessment
We have the experience, expertise and software to take the headache out of the form filling and compliance aspect of self-assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you.

Our services include:

• Calculating your tax liability
• Completing and filing your tax return on your behalf
• Advising you when various payments are due and how much to pay
• Advising on appropriate record retention
• Introducing you to any relevant tax saving ideas
• Representing you in the event of your being selected for investigation by HM Revenue & Customs

Estate Planning
Few of us like to think about dying but the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime. We provide a comprehensive estate planning service that includes:

• Help with planning and reviewing a will
• Making full use of exemptions and lower tax rates on lifetime transfers
• Optimising lifetime transfers between family members
• Transferring agricultural or business property
• Transferring assets into trust
• Arranging adequate life assurance to cover potential inheritance tax liabilities

We have expertise in dealing with trusts – a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.
Tax Investigations
Being the subject of a tax investigation by HMRC can be a stressful and worrying experience. With self-assessment, HMRC staff can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We offer a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s tax return under the self-assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.

Bookkeeping and Payroll Solutions

Accounting and bookkeeping solutions
By choosing to outsource, your organisation can have access to an outstanding finance function that is practical, flexible and cost effective.

Our suite of accounting services can supply the entire back office function for any business. You can select our services individually or in any combination to build your perfect solution. Our services include:

• Management accounts and reports
• Bank reconciliation
• Debtors
• Creditors
• General ledger maintenance
• Fixed asset management
• VAT returns

Payroll Solutions
Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of legislation that demands knowledge that is not often available in-house.

We provide payroll services which can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

• Customised payslips
• Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay etc
• Completion of statutory forms, including year-end returns, to issue to your employees and submit to HM Revenue & Customs
• Full supporting printouts providing summaries and analyses of staff costs
• Administration of incentive schemes, bonuses, and ex-gratia and termination payments
• We also provide support during PAYE and National Insurance audits and can perform PAYE health checks.

Even if you have only a few employees, you can make savings by engaging us to administer your payroll.

All our services come with unlimited telephone support.

Pensions Automatic Enrollment
Workplace pension’s law has changed. All employers must now automatically enrol certain UK workers into a qualifying workplace pension’s scheme and make contributions towards it.

By law, all employers will soon need to offer an auto enrolment pension scheme to their employees.

Audit, advisory and assurance

Statutory External Audit
Crudden Dolan Ltd is a registered auditor with Chartered Accountants Ireland.

External audit is an independent audit function that provides assurance that the financial statements of an organisation are free from material miss-statement and are in accordance with relevant legislation and accounting standards. Besides helping you meet the statutory requirements, we strive to “add value” by taking the opportunity to review your financial and management systems. By focusing on key risk areas, we can often enhance business systems and controls by recommending practical solutions and enhancements that can improve your business performance.

We pride ourselves on the working relationships we develop with clients. With direct partner contact and regular communication, we strive to provide all of our clients with an individually focused and value added professional service.

Our audit services are available across Northern Ireland and the Republic of Ireland to:

• Limited companies
• Charities, voluntary and not-for-profit organisations
• Non departmental public bodies
• Trusts
• Specialist organisations

Grant Advice and Verification
We have experience of providing grant audit and certifications on behalf of a number of funding bodies including the Special European Union Programmes Body (SEUPB), Invest Northern Ireland and district councils.

We pride ourselves on being responsive to client needs. We endeavour to complete grant claim audits as quickly as possible preventing any delays in receipt of funding.

Company secretarial
Operating a limited company requires significantly more administration than many company directors realise. We are able to provide an extensive, efficient and professional service, which ensures your company will never fail to meet its statutory requirements with Companies House in the UK or The Companies Registration Office in Ireland.

Our services include:

• New incorporations under Companies Act 2006 in the UK or Companies Act 2014 in the Republic of Ireland
• Provision of Registered Office services
• Completion and submission of Annual Returns
• Submission of statutory Annual Accounts
• Preparation of Minutes of Meetings
• Changes to the Company Articles of Association or Constitution
• Shares allotments, reorganisations and transfers
• Officer appointments and terminations
• Advice on the duties of Directors and Secretaries

Business Support

Budgeting and Cashflow Analysis
A business can be profitable and still run into trouble due to cash flow issues. Every business must have adequate cash flow in order to survive. We can assist in this area by examining all of the components of your business that affect cash flow. We can forecast and evaluate your company’s financial condition, estimate financing requirements and track cash flow sources and uses.

At Crudden Dolan Ltd, we will work closely with you to prepare cash flow and budget analyses which can be used as your organisation’s financial plan and financial management tool.

Raising finance
Raising finance for your business might be one of the more painful things you will experience in life! There is no best, right or even wrong way to raise finance for your business – there are many ways. The correct way depends on a number of complex factors, such as your product or service offering, your market position, the amount of funding required, the cost of running your business and your personal financial circumstances.

We can help identify sources of finance for new and established businesses. We prepare business plans and forecasts, bank proposals and advice on capital structures, taxation implications and carry out due diligence. We assist in formulating and implementing strategies and setting goals.

We assist with grant applications and have established relationships with a number of local funding bodies.

Sources of finance that we can assist with include:

• Credit from suppliers
• Overdraft
• Loans
• Leasing or contract hire
• Factoring
• Equity; and grants

Business start-ups and business plans
Are you a budding entrepreneur? You have had an idea, spotted a gap in the market, carried out some promising research and have the enterprise and commitment to see it through, but what do you do next?

We offer a supportive and constructive business start-up service which takes the stress out of starting up by providing step by step assistance to get your business up and running. The services we offer include:

• Decide on the most suitable structure for your business – sole trader, partnership, or limited company
• Prepare a business plan, cash flow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Complete any registration procedures with Companies House and HM Revenue & Customs
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements

Our business plan service includes:

• Advice regarding the content of a business plan
• Assistance on the preparation of a business plan based on information provided
• Production of a set of illustrative financial projections
• Independent validation of a business plan

Computerised accounting systems
We are members of the Sage Accountants Club and are able to offer clients a complete range of accounting software with advice on setting up and maintaining software systems. We provide a high quality service which facilitates the use of computing and IT for organisations wishing to enhance efficiency and effectiveness in their business operations.

Our computerised accounting systems service includes:

• Installation and training on Sage Line 50 and Instant Accounts
• Installation and training on Sage Payroll
• Installation and training on Microsoft Word and Excel
• Installation and training on all other major accounting packages including Kingswood and Quickbooks

Charities/Not for Profits
We have long experience in this sector. Most of our clients have implemented the Statement of Recommended Practice for Charities (the SORP) for the preparation of their financial statements. We have guided them through this process which has resulted in them being well prepared for the implementation of the Charities Act (Northern Ireland) 2011.

This specialism has grown for over 50 years and we now provide a full range of services to charities and NFPs based in Northern Ireland and beyond.

With the establishment of the Charity Commission for Northern Ireland governance and reporting requirements for NI charities will increase significantly. We can fully support your organisation with compliance. We can provide advice and recommendations and can install and support accounting systems to enable you to meet your new obligations.

Farming Administration
For many years we have helped our farmer clients complete and submit annual Single Applications Forms, Business Change Forms, grant forms etc.

We have also helped clients deal as efficiently and successfully as possible with queries and inspection reports from DARD, related to their various grant and subsidy schemes.

We can use our experience and knowledge in this area to help you with any farming administration issues that you may come up against from time to time.

Loan Calculator
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