VAT returns are required to show HMRC how much VAT you will eventually need to pay. They show the calculation made on sales and what you are able to claim back on purchases for the business. You will need to be registered to submit a VAT return. If your business reaches the government standard threshold then you are required to pay Tax, alternatively if you are below that line you can still register for VAT. Here at Smart AT our professionals can make sure you are VAT compliant and can assist you with:
Gone are the days of paper forms and long lines! Filing your VAT return online is now a quick and efficient way to stay compliant with tax regulations. Here at Smart AccTaxes we understand the importance of your time, which is why we offer a user-friendly platform to file your VAT return online.
Filing your VAT tax return online with Smart Acctaxes is a smart way to save time, reduce stress, and ensure compliance. Don't wait any longer! Sign up today and experience the ease and convenience of filing VAT tax returns online.
As a legal requirement every business must file their year-end accounts, regardless of whether you are a Sole Trader or a Limited Company. These are essential to understand how your business has performed financially throughout the year and can be crucial when trying to raise additional finances. Our professional accountants have extensive experience in preparing year-end accounts for Landlords, Contractors, Developers, as well as professionals in construction and retail.
Through the Smart AT App, you can keep on track of all your important documentation by uploading it on the platform. You can then book one of our skilled accountants to organise and file your year-end accounts on your behalf. For small businesses our year-end accounts include tax and VAT returns, the management and preparation or annual statutory accounts and also making sure your information is compliant for Companies House.
For medium to larger sizes businesses year-end accounts can become highly complex due to regulatory reporting requirements that can be requested by external inspectors. That’s where we’re here to help. Through our smart services we can support you with the management of your year-end accounts without having to financially take on more internal staff, by outsourcing such tasks to our experts. All you need to do it book in our time via the Smart AT platform.
Capital Gains are the profits from the assets you sell, for example property, shares etc. As they contribute as part of your income you therefore are required to pay tax. The amount of tax owed on the capital you have gained will differ from one situation to the next depending on your tax-free allowance i.e. how long the assets were held by you before you sold them on. To legally minimise the amount of tax you need to pay HMRC, it’s essential to carefully plan your capital asset disposal. This is where our professionals can step in at Smart AT. We ensure that reliefs are maximised within principal private residence, property lettings and entrepreneurial ventures, so that you are not overpaying on your capital gains tax.
We provide flexible company secretarial services as and when you need, covering a range of administrative duties that may often get overlooked when running a business. With our support you can stay on top of important documentation to avoid any unnecessary late filing charges. We also ensure that your business adheres to HMRC requirements, is compliant to legislation, and all data and information about your business is correctly listed and is accurate. At Smart AT we can also provide an umbrella for multiple administrative and accountancy services that smaller businesses may require such as:
Running a business requires focus and dedication. Don't get bogged down by the administrative burden of company secretarial tasks. Partner with a company secretarial service provider to ensure compliance and free up your valuable time.
These specialists handle a range of essential tasks, including maintaining statutory records, managing meetings, and filing legal documents. They keep you informed of upcoming deadlines and ensure your business adheres to all regulations.
By outsourcing your company's secretarial needs, you gain peace of mind and the confidence that your business is operating compliantly. This allows you to focus on what matters most: growing your business.
Outsourcing has become highly favourable in the fast paced world we live in, where it’s now essential to outsource bookkeeping and accountancy services in order to scale your business effectively. By being a smart remote extension of your own team we can support you where there may be a gap for our expertise, which might just be the solution you need. Not to mention it can also save you precious time and money. With our robust services all at your fingertips our expert accountants are ready and willing to help. Why outsource to Smart AT?
A business can be registered as a legal entity so that it’s separate from its owners/directors. This means it’s responsible for its own assets, debts and legal obligations. We can incorporate your business so that you are ready to trade as a limited company and provide the following documentation:
Taking the leap to start your own business is exciting, but it can also be overwhelming. There's a lot to consider, from choosing a business structure to filing the necessary paperwork. That's where Smart AT comes in.
Smart AT is a cloud-based small business accountant service that can help you with every step of the new company formation process. They offer a variety of services, including:
With Smart AT's help, you can focus on what you do best - running your business - while they take care of the rest.
Visit Smart AT's website today to learn more about how they can help you form your new company!
If you work in construction as a contractor you need to ensure that obligations are met under the Construction Industry Scheme (CIS). This includes registering with HM Revenue and Customs, along with checking if your subcontractors are also registered. You are also required to manage your subcontractor payments, deduct tax and provide monthly statements under the CIS. If you are a Subcontractor it’s important to register with HMRC and keep them updated with employment details such as any changes to your business address, name, partners etc. Here at Smart AT we are able to advise contractors on the employment status of their subcontractors, we can also get them verified with HMRC on behalf of your business. We can also:
Here at Smart AT we provide highly efficient Payroll and Contract services. We understand the importance of ensuring that your employees are paid correctly, and on time, as well as the effect this can have on the business otherwise. Here’s what’s covered under the Payroll Services we offer:
It’s essential for every business to have a strategic business plan and budgets to work within, so that you’re not losing money. Keeping a close eye on cash flowing in and out of the business is important to make sure you are within the KPI’s you have budgeted for. Here at Smart AT we can support you with your business plan, cashflow statements and budgeting so that we can help keep your business growing. We can also provide a full business plan for government investment and loan purposes. Simply have a chat with one of our experts.
As a group of highly qualified accountants we understand your business financials meaning we can help you build not only a profitable business but a successful enterprise. Providing real-time financial information and guidance, we can help you manage everything that goes on behind the scenes. Here at Smart AT we pride ourselves on our A-Z account management which is inclusive but not restricted to, ratio and performance analysis. This enables us to help your business to grow, by comparing current performance and company positioning vs previous years.
Management accounting involves preparing and providing timely financial and statistical information to business managers so that they can make day-to-day and short-term managerial decisions.
Management accounting reports often include details of the company’s available cash, recent generation of sales revenues, the current state of the organisation’s accounts payable and receivable, and more.
Management accounting reports are also usually confidential and for internal use only, as opposed to financial accounting statements, which are publically reported. Also, instead of being calculated based on generally accepted accounting practices, they are calculated based on management’s informational needs.
Starting a new business can be highly overwhelming especially when the markets are so competitive. Whilst we consider ourselves optimists, when it comes to new businesses, we have to look at the whole perspective realistically. Our core values are centralised around complete transparency and we will be honest about the realistic expectations you will need to meet as a business professionally, and also legally to allow your business to flourish. For startups our smart service provides:
As a business it’s essential to record all financial transactions, and we can help you do this remotely. With our Smart AT app you can submit a receipt every time a transaction takes place, so that throughout the year all of your data is logged. As we provide a paperless service there is no need to keep hardcopies, as you can access any important documentation at any time via the Smart AT portal. Better yet we can help file your data and create reporting for those important HMRC collection dates, by accessing all of your transactions online. Manage your in and out goings, any outstanding invoices, and cash flow balances. We also:
Sole Traders and Business Partners are required to submit their Self-Assessment and Tax Returns at the end of each tax year, and this is another critical time for ensuring that all data is filed and accounted for accurately. Our app enables you to log all of your expenses on the go all year round, which means you don’t have to keep mountains of hard copies around the house or office. Better yet, when you book one of our accountants we can instantly access those expenses and submit your Self-Assessment and Tax Returns on your behalf. Additionally we can also help you with:
If you are a Limited Company, a foreign company with a UK office, or a club, community or group that functions as a business, you are required to pay Corporation Tax. Every year you must file a Corporation Tax Return with HMRC, so that’s where we are here to help. At Smart AT we’re here to support you with submitting those important tax statements on time, whilst also ensuring that your business is compliant with HMRC. Our professional accountants will help you to stay on top of your affairs so that when it comes to filing that tax return, it’s simple and straightforward. We’ll also make sure that you are paying the right amount of tax when preparing your annual corporation tax returns. We can also liaise with HMRC about any pending issues whilst reviewing your taxation affairs. We also look for any opportunities that might help you legally save money on your corporation tax, and we can provide support with any corporation tax company related matters such as dividend payments.
Thinking of becoming an Accountant or Bookkeeper? Perhaps you have someone in your team who requires some more guidance in accountancy and bookkeeping? If so our experienced professionals are to help impart their knowledge onto anyone who is keen to learn more about the depths of Accountancy. Simply book some time with one of our experts via the app, or get in contact today.
We are incredibly lucky to have a variety of highly efficient accountancy software at our fingertips, but we understand it’s simply not the case of one size fits all. For us it's second nature, but for those looking to switch software types or for those learning a platform from scratch, it can be overwhelming. We’re here to help you learn more about your chosen accountancy software so that you can run your business effectively.
Not every business requires full time admin support, that’s where we can offer our services as and when you need. From simple administrative duties to using more complex reporting and data, here at Smart AT we’re here to help. We can support you by filling out those essential forms for HMRC, your local council and Companies House. For example we can fill out:
And much more!