Partnership Accounting

Increasing difficulties in managing accounts and taxes would need a dedicated partnership accountant for your business who can handle you accounts and partnership tax returns. Also, you need to have modern approach to be a successful business which requires digitalization everywhere and so your accounts & taxes to be, and we are specialised in this with our cloud-based software which will solve your problem.

Partnership Accountants and Tax Services

Ensure your work life balance

Your time is precious to us. Leave your partnership accounts with us and focus on your business performance. Our partnership accountants at Tax Care will prepare your books of account and taxes with a digital cloud-based software. Enjoy the following benefits while hiring us as your partnership accountant:

➦ Eliminate stacks of papers and record them digitally
➦ Check live reports, payslips and business performance anytime and everywhere
➦ Invoice your client with a payment link using our software
➦ Submit your accounts and taxes with Company House and HMRC with no delay

While we save your time by managing your accounts, it will allow you to have a great peace of mind to focus on important business issues and at the end have a great sleep.

Track your business performance on Mobile

In order to save your time, our cloud-based system comes with a Mobile Application. Now, you don’t need to send us your receipts, invoices, slips etc. You can just scan that invoice and embed into our software by using your mobile. Once it’s done, the application will automatically analyse the receipts, enter the data and send it to our partnership accountant.

You can save lot of time by tracking your live business performance on your mobile at anywhere and at any time.

One Simple Solution

Payroll processing is considered as a tedious and time-consuming task. So, you need smart solution that streamline everything in a single software. At Tax Care, we help you to manage your payroll of any size in a very efficient manner by processing your all payroll related tasks in one cloud-based software. All you need to send us the details of your employees (such as their personal details, contracted hours, salary or pay rate, weekly or monthly pay) and we will do the rest. Some of the key benefits you enjoy are:

➦ Process statutory payments correctly (e.g. sick pay, maternity pay, holiday pay etc)
➦ Compliment with pension regulators
➦ Comply with GDPR legislation and so on.

Other Partnership Services

Are you facing difficulties in managing your payroll function or are not able to focus on your business issues due to payroll? We have come up with unique solution to your problems as you can’t afford any mistakes otherwise it will be a disaster for you. Hiring us as your partnership accountant will allow you to run your business smoothly while leaving the payroll with us and just relax, we will do everything.

How we will take your pain off

At Tax Care, our partnership accountants will offer you the following payroll services:

Personal payroll manager
Free payroll software set up fee (limited period only)
Claiming £4000 for employer NI
Claiming statutory maternity in full in advance for employer, gaining a better cash-flow for business.
Deadline management and reminder service
Payslips sent to employees by email
Claiming small employer relief
24/7 customer support services
Unlimited payroll advice
Unlimited, P45, P60s for your employees
We will send you the payroll summary and PAYE
We will represent all HMRC PAYE correspondence for your business.
Unlimited issue of P45s and P60s.

Planning is must for a successful business. If you don’t plan your future cash position, you will not able to react the unexpected situations that may arise in future and your goal of growing your business will fail. Business planning is necessary at every stage and to be updated regularly.

Tax Care’s special Business Plan for you

Our highly specialised partnership accountants will develop a perfect business plan for you. While preparing business plan, we will perform an in-depth analysis of your business model, sales and marketing analysis, cash flow analysis, profit & loss study, balance sheet analysis and much more.

Tax Care’s business development plan will directly focus on your business growth, identifying expansion plans, boosting sales for the long-term where we would guide you about the things which are not going well and provide solutions to improvise them.

Our partnership accountants will update the business plan so made on regular basis allowing you to monitor your business progress and make changes in your business policies, if needed.

Allow us to lower your burden

At Tax Care, our expert partnership accontants will do all VAT related functions. With real time access of your accounts, you don’t need to send your records to us every time. You will enjoy following benefits while working with us:

Prepare VAT and submit to HMRC
Organise VAT deadline management
Providing your personal tax manager
Manage all HMRC correspondence on your behalf
Register your partnership with HMRC

Give us a chance to save your tax bill

We will perform efficient tax planning for you. Our partnership accountant will guide you in saving your tax bill by claiming all allowable expenses, deductions and exemptions to a highest level. This tax planning to estimate the tax burden will be done at the beginning rather than getting year end surprises. It will help you to reduce the tax bills and financial stress.

Why Us?

Modern Approach

Our cloud-based system simplifies your accounting process and integrate them into one digital accounting system. We are also a leading QuickBooks Pro Certified Advisor in the UK and we have been awarded as a champion partner of Xero Accounting Software. We are a successful Xero Certified Advisor in the UK. Also, mobile application is an enhanced version of digital approach which will provide you live data of your business on your mobile and you can track all the things from anywhere.

Your Dedicated Personal Accountant

Once you hire us, there will be an all-time Personal Accountant for you who will support you in every manner and one of the senior accountants will finalise the work. He or She will resolve all your problems and advice you with best practices to be followed. Hence, you don’t need to send your records each time to your start-up accountant since he or she will be having real time access to your records.

Also, a personal VAT tax manager will be deployed to assist you in planning your VAT and submitting the partnership tax returns to HMRC. You can ask for any help from your personal accountant and VAT tax manager in relation to any issue pertaining to accounting, corporate tax or VAT at any time.

Free Reminders

Being a partnership accountant, it’s our primary responsibility to protect our client from any kind of non-compliance which may lead to heavy taxes, penalties and fines. We ensure timely compliance of your all statutory requirements (i.e. VAT submission, accounts submission and any other statutory filings). Our efficient automated tool sends free reminders prior to any deadlines to avoid any surprising penalties from HMRC or pension regulators.

Ensuring Quality

Our vision is to ensure quality and value addition for our clients and that is the reason Tax Care is an award-winning accounting firm. Our team includes specialized professionals who have wide range of experience in accounting and taxation and possess required certifications. Their goal is to deliver best quality output and connecting small businesses with big affordable technologies.

Unlimited Business & Tax Saving Advice

We have expertise in business and tax planning led by our specialised and experienced professionals. You will be getting unlimited business advice and support to grow your business. As, we will be helping you to develop a business plan, you can ask any number of questions and we will be happy to advice you at any time even on the email or telephone.

Likewise, our partnership accountant will help in wide tax planning well in advance by claiming all deductions and allowances. He or She will explain you about the various options from where you can lower your tax bill.

Transparency

We plan and estimate the cost at the beginning rather than being surprised at the end. Thus, maintaining complete transparency where you will get all the details before a single penny is spent by you.

Certified Accountants

Our partnership accountants possess all required certifications and wide range of experience in business, accounting, tax, finance and others. They are professionally groomed and serve you better.

We Have Great Answers

FAQ

Are you a qualified and professional accountant?

Yes, Tax Care Accountants is a certified accounting firm with a valid practicing certificate. Particularly, the firm is fully compliant with HMRC Anti Money Laundering (AML) regulation requirements. Above all, every single client manager at Tax Care is a qualified accountant with industry experience who will be taking care of your business. Overall, the firm is regulated and supervised by the Institute of Financial Accountant (IFA) and HMRC recognised Tax Agent.

What is your pricing model?

Overall, we work on the basis of a fixed fee with no hidden cost, you will know exactly what and how much you are paying for.

How do I pay for your services?

In general, most of our clients pay monthly by setting up a direct debit or standing order. However, you can also pay your fees by instalments.

Are your accountants insured?

Yes. Particularly, our clients are fully protected in case if there is a worst-case scenario of a huge loss.

How can you take care of my business and my employees?

We strongly believe the significance of the popular accounting quote “ behind every successful business there is a smart accountant”. At Tax Care we work as a virtual extension of your company in order to free up your time, we advise you on how to save money and provide you the key financial information in order to make informed decisions. We will simplify your payroll, accounting and financial functions of your business and integrate all in one system. That will help you to collect all relevant business information with one click. Your accountant can also help you analyze and understand your cash flow, so you can make better plans on how to work out your monthly budget, sale target, break-even etc. We make sure your employees are paid correctly while your business is compliant with HMRC requirements, pension regulator requirements, court order requirements.

Which businesses do Tax Care Accountants specialise in?

Our accountants have over 5 years of experience in the SME business community and their expertise and knowledge covers all business sectors – whatever your business, we cover it.

Do Tax Care Accountants understand what it's like to run a business?

Yes, we do. We fully understand the pressures that you are under and offer a wide range of commercial experience which can help with the development of your growing business. We believe a little growth in your business means a little growth in our business.

How can you help me clamp down on my cash flow?

Properly projecting your business’s cash flow is as essential as creating an effective mission statement and living up to it. Tedious, detailed flow projections aren’t easy to wrangle, but that’s what you have an accountant for.

Your accountant should be able to help you develop an organised, effective cash flow model that allows you to adjust your operations in ways that help you survive shortfalls, as well as improve receivables and manage payables.

How do Tax Care Accountants keep up-to-date with current issues and regulations?

Particularly, as a member of IFA Tax Care Accountants must comply with continuous professional development regulation in order to keep up-to-date with current issues and regulations. We regularly attend various seminars and training workshop regarding recent updates on accounting softwares, finance acts and government regulations.

Do I need knowledge of accounting and tax?

No, Tax Care Accountants will manage all aspects of your business financial activities so you can focus on running and growing your business.

Who will be doing the work?

In summary, a professional certified accountant will be dealing with you directly to meet all of your accounting and tax requirements. Overall, we work as a team and one of the senior accountants will finalise the work.

How do I get in touch with Tax Care Accountants and how often?

Altogether, you can contact us as many times as you want to. For example, you can contact us via telephone, email or face-to-face. Also, if necessary, we will visit you. In detail, we will explain to you the technical accounting terms and the accounting requirements in a simple language so you would know what to do and how to do it. Generally, our response time is 24 hours.

How can you help me to make this tax season better than last year's?

Above all, taxes are always part of running a business, and you can always look for ways to improve how you handle payments, deductions, record-keeping, and so on. Therefore, your accountant, the expert on tax laws and their constant changes, can give you the insight you need.

For instance, your accountant can help you answer questions like:

What are the latest changes in tax law that affect my business?
When is the best time to make big equipment purchases?
How can I best keep track of deductions?
How can I maximise my tax savings?

What's the best way to contact you and how often should we be in touch?

This might seem like too simple a question, but clear, effective and frequent communication is the key to a healthy, beneficial relationship with your accountant. Establish early on how often you’ll connect, either in person, on the phone or online (via a video chat app like Skype, Google Hangouts or FaceTime). Decide together if you’ll meet weekly, monthly or bimonthly.