Mentor Accounting Services Ltd

General information

We can provide an accounts preparation service to all businesses regardless of size. Our team will ensure that all statutory deadlines are met and we'll take away the worry of compliance issues.
VAT:
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that over payments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
o Advice on VAT registration, planning and administration
o VAT control and reconciliation
o Help with completing VAT returns

Annual Accounts:
We prepare financial statements for sole traders, partnerships, limited liability partnerships, limited companies. Accurate and regular financial data is critical to ensure the smooth running of your business.
Our service ensures that you are fully compliant and includes the production of monthly, quarterly and/or annual accounts along with advice on financial budgets and performance monitoring. We also help our clients to take advantage of early tax planning opportunities. We prepare your accounts to help in the completion of self-assessment tax returns as required by HMRC.

Payroll Services:
Running a payroll can be a time consuming drain on your resources. Under the new RTI ( Real Time information) legislation - it needs to be right - every time. Employment legislation is a specialist area in itself and good payroll software can help with advanced calculations linked to maternity and ill health for example as well as a standard payroll run.
We can take away all of the processing worries and prepare weekly or monthly payroll based on your prime information .At year end you need to know that all of your returns will be completed and filed electronically without a moments fuss.

Tax Returns:
Completion of Personal Income Tax Returns, Corporation Tax Returns and related computations and agreement of resulting liabilities so that you pay the correct amount of tax.

Self Assessment:
In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later.
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimize your tax liability.

Bookkeeping:
Effective bookkeeping is at the heart of an efficient business, giving you access to up to date information so that you know exactly where you stand with your financial commitments.
We offer an expert, professional bookkeeping service. We understand that your financial data is sensitive, so you can be sure that we’ll deal with your information in complete confidence
Business Plans & Forecasting:
We all know that a successful business must plan ahead, we can help you construct a business plan, this can be useful in terms of structuring the business, and sometimes essential in terms of securing funding. We believe that we can support business owners as a trusted adviser who has the time and space to take a longer term view and advice on appropriate courses of action. We prepare Business Plans and cash flow projections