Welcome to
Tally Accountants Ltd.
(London)
Top Floor, College House, 17 King Edwards Road, Ruislip, Middx HA4 7AE Tel:+44 (0) 20 7993 8112
Mobile:07979696666 info@tallyaccountants.co.uk , Company Reg No.08098875
www.tallyaccountants.co.uk
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WELCOME PACK FOR UK LIMITED COMPANIES
INDEX PAGE
1. The services we will provide 3
2. Information we require from you 4
3. Deadline 5
4. How to reduce your taxes 6
5. Other useful information 10
6. Our Team 11
7. Pricing 12
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THE SERVICES WE WILL PROVIDE
a) Monthly Bookkeeping.
b) VAT returns.
c) End of year Statutory Accounts.
d) CT600 Corporation Tax Return.
e) Payroll registration & monthly calculation, if applicable.
f) SA100 (Self-Assessment) for Directors & Employees registration & Calculations, if applicable.
g) QuickBooks Online License for a fee of £13 per month, if required.
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INFORMATION WE REQUIRE FROM YOU
1. PLEASE SEND US:
a) Your Company authentication code issued by Companies House
b) Your Company Unique Tax Reference number (UTR) issued by HMRC
c) National Insurance number for Payroll, if applicable
d) Your Personal Unique Tax Reference number (UTR) issued by HMRC, if applicable
2. WE NEED THE FOLLOWING ON A MONTHLY BASIS:
a) Company’s Bank Statements (in CSV and PDF formats)
b) Purchase & Sales invoices
c) Expenses
d) List of expenses paid by Directors on behalf of the Company
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DEADLINES
a) VAT Returns: Have to be filed 1 month after the end of each quarter.
b) Statutory Accounts: Have to be filed within 9 months after the accounting year end.
c) Corporation Tax: Has to be paid 9 months after the accounting year end.
d) Corporation Tax Return (CT600): Has to be filed within 12 months after
the accounting year end.
e) Self Assessment Tax Returns (SA100): Has to be filed before 31 January
following the accounting year end
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HOW TO REDUCE YOUR TAXES
You can charge all business related expenses to the company; For example:
OFFICE, PROPERTY, AND EQUIPMENT
STATIONERY
• phone, mobile, and internet bills
• postage
• stationery
• printing
• printer ink, and cartridges
• computer softwares your company uses for less than 2 years
• computer software if your business makes regular payments to renew the license (even if you
use it for more than 2 years)
RENTS, RATES, POWER, AND INSURANCE COSTS
• rent for business premises
• business and water rates
• utility bills
• property insurance
• security
• using your home as an office (only the parts that are used for business)
BUSINESS PREMISES
• repairs, and maintenance of business premises, and equipment.
• alterations to install, or replace equipment, claim:
you can also claim capital allowance for some integral parts of a building, for example water
heating systems.
Car, Van, and Travel Expenses
• vehicle insurance
• repairs, and servicing
• fuel
• parking
• hire charges
• vehicle license fees
• breakdown cover
• train, bus, air, and taxi fares
• hotel rooms
• meals on overnight business trips
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HOW TO REDUCE YOUR TAXES
You may be able to calculate your car, van, or motorcycle expenses using a flat rate per mile
(known as simplified expenses) for mileage instead of the actual costs of buying and
running your vehicle.
Tax: rates per business mile
Type of Vehicle First 10,000 miles Above 10,000 miles
Cars and Vans 45p 25p
Motorcycle 24p 24p
Bikes 20p 20p
You cannot claim for:
• non-business driving or travel costs
• fines
• travel between home and work
Clothing expenses
• uniform
• protective clothing needed for your work
• costumes for actors, or entertainers
NB. You cannot claim for everyday clothing (even if you wear it for work).
Staff expenses
• employee, and staff salaries
• bonuses
• pensions
• benefits
• agency fees
• subcontractors
• employer’s National Insurance
• training courses related to your business
NB. You cannot claim for carers, or domestic help, for example nannies.
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HOW TO REDUCE YOUR TAXES
Reselling Goods
• goods for resale
• raw materials
• direct costs from producing goods
NB. You cannot claim for:
• any goods, or materials bought for private use
• depreciation of equipment
Legal and Financial costs
ACCOUNTANCY, LEGAL AND OTHER PROFESSIONAL FEES
• hiring of accountants, solicitors, surveyors, and architects for business reasons
• professional indemnity insurance premiums
NB. You cannot claim for:
• fines for breaking the law
BANK, CREDIT CARD, AND OTHER FINANCIAL CHARGES
• bank, overdraft, and credit card charges
• interest on bank, and business loans
• hire purchase interest
• leasing payments
• alternative finance payments, for example Islamic finance
NB. You cannot claim for repayments of loans, overdrafts, or finance arrangements.
INSURANCE POLICIES
You can claim for any insurance policy for your business, for example public liability insurance.
WHEN YOUR CUSTOMER DOES NOT PAY YOU
You can claim for amounts of money you include in your turnover, but will not ever receive (“bad
debts”). However, you can only write off these debts if you’re sure they will not be recovered from
your customer in the future.
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HOW TO REDUCE YOUR TAXES
Marketing, Entertainment and Subscriptions
• advertising in newspapers, or directories
• bulk mail advertising (mailshots)
• free samples
• website costs
You cannot claim for:
• entertaining clients, suppliers and customers
• event hospitality
SUBSCRIPTIONS
• trade, or professional journals
• trade buddy, or professional organisation membership, if related to your business
You cannot claim for:
• payments to political parties
• gym membership fees
Training courses
You can claim allowable business expenses for training that helps you improve the skills
and knowledge you use in your business (for example, refresher courses).
The training courses must be related to your business.
You cannot claim for training courses that help you:
• start a new business
• expand into new areas of business, including anything related to your current business
How to claim
Keep records of all your business expenses as a proof of your costs.
We will then add up all your allowable expenses for the tax year.
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OTHER USEFUL INFORMATION
Some other help we provide:
• Budget, Profit, & Cashflow forecasts
• Vat Registration
• Securing Funding
Free invoicing software
Free bookkeeping software
Companies House
London Chamber of Commerce Tel:+44(0)2072484444
ACAS (for free advice on employment law) Tel:0300 123 1100
Citizens Advice Bureau (for free advice) Tel:03444 111 444
British high street banks:
HSBC Barclays Lloyds. Natwest Metro Bank
Online banks:
Pay with fire BZX Investment Payoneer tide
Cash plus Monsee monzo Starling Bank
Wise (former TransferWise) Revolut PayPal
You’re able to check if the above banks are currently covered by the UK Government’s Deposit
protection scheme, Here
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OUR TEAM
Sam Simon, FCMA, CGMA
Josephine Gana, ACCA PQ
Aloysia Louis, ACCA PQ
Nila Simon-Sanchez
Nayana Simon-Sanchez
Tony Simon
Naveed Majid
Julia Yingchun Zhu, ACCA
John O’Sullivan, ACA
Henry Hardoon, FCCA, FCA
Thomas Townsend
Jim Underwood
Trisha Prinston
Cameron Norris
Vikki Baxter
Diana Tyrus
Sharmaine David
Tim Travis, CPA
Larry Sanders, AAT(PF)
Gina Young
Jenefer Mathews, AAT(PF)
Katherine Rogers
Patrica Armitage
Daniela Palmer
Christy Jackson, AAT(PF)
Ryan Logan, AAT(PF)
Tonisha Noah
…We also have our support team helping us. Tally Accountants Ltd.
(London)
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PRICING
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