Business taxation


We can relieve you and your business of a significant burden by taking care of all your accounting needs. This ranges from making use of our management accounting support services to the preparation of your annual accounts. We will treat every business individually so that we can tailor our approach to your requirements.

Besides the core outsourced bookkeeping, we can also maintain your VAT records, prepare your payroll and take on ad hoc projects to free up valuable time for your team.

We believe that our high level of IT literacy can help improve our efficiency and help our clients to set-up their accounting systems to be efficient and effective. We are professional members of Sage, Access Accounting and Pegasus software and are therefore ideally placed to give you the most independent advice that will suit your needs and budget.




Every business must plan ahead in order to ensure success, but it is too easy to succumb to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions, over/under capacity, inefficiency and missed opportunities. Indeed, "failing to plan is planning to fail!"

Every business owner needs to invest time in developing a long-term plan, starting with what you want to achieve from your investment and what your reasons for being in business are, and then developing a plan to help achieve these objectives.

We are well placed to help you develop these plans and have a considerable pool of experience and expertise to draw on. The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan. Contact us today for a strategic planning review.

We can assist you to create a professional and well thought out business plan that will impress your bank manager, investors and shareholders and enable you to make strategic decisions about the future direction of your business. We can incorporate cash flow projections, profitability projections and forecast what the future may hold for your business.

Coupled with this we can also help you to raise finance and identify areas of risk within your business and instead of being faced with a potential problem we will turn them into strengths and opportunities.




Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and helping you develop them into a business that not only works but it thrives.

We can also help you:

decide on the most suitable structure for your business (i.e. sole trader, partnership or limited company)
prepare a business plan, cashflow projections, budgets and trading forecasts to prove the financial viability of your ideas and demonstrate this to the bank / potential investors
assess your finance requirements and access the most appropriate source of finance
help you establish relationships with banks, solicitors, etc via our well established network of contacts
carry out registration procedures with Companies House, Inland Revenue or Customs and Excise
set up an internal accounting system which complies with statutory requirements

Call us for a free businessSTARTER session to find out how we can help your ideas become reality.




One of our key objectives is to help our clients increase the value of their business. Each year we can carry out a valuation of your business using software developed by the Added Value Network.

We will produce a detailed report showing the current value of the business and ideas on how you can maximise its worth.




When running a hectic business you cannot afford to use valuable time making sure you are complying with the Companies Act. However you do need to be aware how this legislation affects your company and its directors. We can help by carrying out the company secretarial duties for you. Our services include:

company formations
preparation and filing of statutory returns
preparation of all documentation (such as minutes and resolutions)
maintenance of statutory books (share register, minute book, etc)
general advice on company law

Our team are experienced in the formation of limited companies and are always available to assist you with your statutory responsibilities.

Assistance with the completion of various statutory forms, maintaining your Company Register, dealing with the appointment and resignation of directors and company secretaries. We are also available to assist you with Board Minutes, Special Resolutions and updating your Company's Memorandum and Articles of Association.

We have a direct line to Companies House and can obtain details of any UK company within minutes. This service also enables us to obtain copies of Financial / Abbreviated accounts and other filing information immediately.




We will carry out a financial performance review of your business. This will be in the form of a detailed report which includes:

graphs and charts illustrating how your business has performed this year
ratio analysis to highlight areas of strength and weakness
detailed commentary advising you which areas of the business can be improved

By knowing how your business has performed in the past and by looking at various key drivers in your business we can help you to perform better and improve your businesses results.




The most important part of our compliance services is in helping you to prepare periodic management accounts. Monitoring and controlling the financial performance of your business is of paramount importance and regular management information is vital to the continued success of your business. We can either carry out this function for you or help you set-up internal systems to generate the information.

We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits or to help your business grow.

We can assist you to produce monthly, quarterly or half yearly management accounts. Again the level of assistance you require is decided by you.

This is a vital tool in today's fast moving business environment which will enable you to monitor and manage your business. It will give you early indications of problems allowing you time to formulate plans to solve the problem or take advantage of your success.

Wherever possible, we prefer to train your team members to produce management accounts. In certain areas there are grants available for this. We will help you to tailor Management Reports so that you have easy access to the Key Performance Indicators needed to grow your business.




Running your own payroll can be time consuming and complicated, particularly with the ever increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties.
We can prepare payrolls for businesses with 2 to 200 staff.

Our service is comprehensive and confidential and includes:


computer generated payslips
administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
completion of statutory forms (including year end returns)
summaries and analysis of staff costs
administration of incentive schemes, bonuses and ex-gratia termination payments.

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

This will release you from the chore of preparing the weekly or monthly payroll for your business. By outsourcing your payroll you will be able to concentrate on the important areas of your business and not worry about penalties for failing to apply the complex rules governing PAYE / NIC correctly.

This service is often of benefit where you have your own payroll function but would prefer to have directors and key members of your team to be dealt with externally.




If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts and filing them with Companies House for you.

We are Chartered Certified Accountants and Registered Auditors.

Our team is highly trained and can assist you to produce accounts for your company in accordance with Companies Act legislation and all relevant accounting standards. We also produce accounts for sole traders, partnerships, charities and pension schemes. The level of assistance you require is decided by you.

We are authorised to conduct audits for companies and pension schemes. An audit adds credibility to accounts for banks, customers, suppliers, tax authorities and owners that the financial statements are true and fair and no material errors have been uncovered. Our team are trained to use modern audit techniques in order to add greater value while also providing assurance in the reported results.




Corporation tax will represent a substantial cost to any profitable business, not only in terms of the tax itself but also in compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance.

We can help you minimise your corporation tax payments and relieve you of any administrative burden of complying with tax legislation. We will deal with all business tax matters, including preparing income and /or corporation tax computations and preparing and submitting your partnership tax return or corporation tax self-assessment return.

Our tax team are Inland Revenue and practice trained. Graham Gleadhill the Tax Partner is a former Inland Revenue Inspector of Taxes.

We are able to complete all self assessment tax returns and will provide details of any amounts payable. We can assist you with all compliance issues such as the completion of forms P11D, corporation tax, PAYE and VAT Returns, etc.

We also do:

Company purchase of own shares
Tax efficient extraction of profits
Enterprise management incentive schemes
PAYE health checks
Disincorporation
Buying or selling a company
Company reorganisation

Proactive Services
In the future it is likely that every employer will be subjected to a PAYE audit once every 3 to 5 years. We can undertake a "health check" of your records to ensure that you are operating the correct procedures to minimise the chances of falling foul of the authorities and thus incurring additional liabilities plus interest and penalties.




Own car or Company car?
Tax efficient remuneration packages
The national minimum wage
Planning for retirement / Stakeholder pensions
Inheritance tax - the voluntary tax?
Tax planning with Trusts
Passing on the family business
Consequences of incorporation
Advice on tax efficient investments
Partnership planning
Termination payments

 

 


All the Things you Need to do Every Year


We offer a full range of compliance services........ all the things you need to do every year. These are our traditional accountancy services.

 

 

 

All the Things you REALLY Need to do Every Year!

 
We also have a range of new consultancy services designed to help small and medium sized firms grow and become more profitable, click here >

 

 

 

OnTrack Review


We will gladly carry out an onTrack review for you at no extra charge. The onTrack review process contains 6 mini-reviews designed to make sure you and your business are on track to achieve everything you have set out to do. The 6 mini-reviews are:

a growth review
a taxABILITY review
a wealthBUILDER review
an accounting systems review
a finance options review
an exit planning review


 


Accounting Records Quality Report


We want to help you get the most out of your accounting systems. So, we will prepare a report setting out any weaknesses, the consequences and our suggestions on how to improve them.
And, the better your accounting systems - the lower your accountancy fees!


 

 

Benchmarking Report 


One of the most powerful management tools is benchmarking - this is where we compare the performance of your business against other businesses within your industry sector.

This will tell you how you are performing, in which areas you excel and those areas where there is room for improvement.

 

 

 

I.T. Services


I.T. has become an integral part of the business world and Marriott Gibbs is no exception to this. Our business is totally computerised and our staff are I.T. trained and literate.
The knowledge gained from developing our systems enables our staff to advise our clients on I.T. related matters from first hand experience.

We are members of the Sage Accountants Club and provide software, training and support to Sage Instant Accounting, Sage Line 50 and Sage Payroll. We are also Access Accounting Circle Members, and Pegasus software advisors enabling us to give you totally independent advice geared to suiting your exact software needs.

 

 

 

Company Car Tax Planning


Whether to have a company car or not is the most common question that we get asked. The next most common question is how to finance the purchase of the car.
It is an area for confusion, particularly with the recent changes in the basis of taxation of company cars.

We will gladly carry out a planning exercise each time you consider buying a new vehicle to ensure you are aware of the most appropriate method of finance and the minimisation of tax liabilities.


 



Flexibility


This list of services is not exhaustive. We are pleased to offer advice and assistance on any matters you wish to refer to us and offer considerable flexibility in our function.