What We Do
Business Start-Ups
Starting up in business can be a daunting prospect, with budding entrepreneurs all too often left to fend for themselves.
At Sidhu & Co we will help you to cut through the red-tape and support you at a crucial time in the life-cycle of your business.
Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. We can also help you:
- Decide on the most suitable structure for your business - sole trader, partnership, or limited company
- Prepare a business plan, cashflow 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
- Set up a recording system for your internal use and for complying with statutory requirements
Book Keeping
Need help with your bookkeeping? We can visit your premises to process your work or set up remote access and online accounting – whichever you prefer. Outsourcing your bookkeeping to us removes the need for you to employ your own accounts staff.
Payrolls
Let us relieve you of the time consuming process of administering payroll, allowing you to get on with what you do best - running your business.
Our comprehensive payroll service will alleviate you of this responsibility and ensure your business complies with the relevant legislation.
Clients of this service can expect to receive
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Completion of statutory forms, including yearend returns, to issue to your employees and submit to HM Revenue and Customs
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
- Administration of pension schemes
Auto Enrolment CIS
The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors.
If you would like to be able to get on with your business without having to worry about the ins and outs of the new CIS then we can administer the scheme along with your payroll!
Services we provide for contractors
- Register you with HMRC as a contractor
- Verify your subcontractors with HMRC
- Ensure you pay your subcontractors correctly within the scheme
- Supply deduction statements to the subcontractors
- Keep your records in good order and supply HMRC with monthly returns
Accounts preparation
We can prepare your limited company, sole trader or partnership accounts at year end. However, getting the books together at year-end isn’t the end of the story. Using them to make informed business and personal decisions is the most important bit.
With our help you’ll be able to:
- See from your company accounts exactly how profitable and stable your business is.
- Make good, solid plans for the year ahead.
- Decide how to finance things.
- Use the information for making the right business decisions.
Self-Assessment Returns
Our services are not restricted to businesses and we have a large core of personal tax clients.
- Advice on minimising tax liability for all personal taxes including:
- Income tax
- Capital gains tax (CGT)
- Completion and filing of relevant returns
- Advice on what payments are due and when
Corporation Tax Returns
We deal with the routine matters of business tax, PAYE, National Insurance and VAT.
Our services will help to minimise your corporate tax exposure and relieve you of the administrative burden. 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 can result in potentially significant improvements in your bottom line.
For all general enquires or to arrange a booking, call Sidhu & Co. Accountants today on 01274 043804.
