Services
At James & Co Accountants in Boston, Lincolnshire, we offer all accountancy solutions tailored to your needs.
We will prepare your annual accounts that will form the basis of your self assessment Income Tax Return from your books, bank statements and supporting records. This applies to sole traders, partnerships and limited companies – small or large.
The accounts will also be invaluable, not only to you, but also to your bank and other financial institutions, for example mortgage applications and proposed bank loans. We will endeavour to advise you on ways to strengthen your record keeping which, in turn, will assist you in meeting your statutory obligations and monitoring your financial affairs.
If you find book work etc. a hassle - and most people do - let us help and take away the concern and stress that this causes many businesses.
Tax Returns
Most people dread the day in April each year when their Income Tax Return drops through the letterbox. We will complete your income tax return for you, whether it be simple or complex. We have wide ranging experience in this area and have top of the range computer software for this facility.
We will give you guidance on areas in which we think you could save tax and will inform you regularly of your tax payable, if any, well in advance of the deadline date for payment.
We'll liase with the Inland Revenue on your behalf and ensure that you are left to run your business with the minimum of hassle.
We complete Income Tax Returns for non-businesses too, such as retired people, pensioners and anyone who is an employee who thinks their tax may be wrong for any number of reasons.
UK Corporation Tax
Corporation Tax is payable by companies on their taxable profits and gains.
We will calculate Corporation Tax payable and prepare Company Tax Returns for you and lodge these with the Inland Revenue.
We can advise you on the advantages and disadvantages of operating as a company, including all Companies House requirements and deadlines. We will deal with Companies House forms for you, if that is your wish.
UK Capital Gains Tax
If you are a small business owner or individual considering selling an asset or your business, we can advise on any reliefs that may be available and of the potential Capital Gains Tax liability that may arise.
In addition, we may be able to recommend more beneficial ways of planning your affairs to reduce any future possible tax liabilities.