Accountancy Made Simple
Fortunately for you, that’s exactly why we started ours.
What does accountancy look like with JFS Torbitt?
Whether you’re a one-man-band completing your self-assessment tax return, or a limited company with hundreds of staff in need of complex annual account preparation, we’re here to make your life easier so you aren’t caught out by HMRC.
All in all, we offer a range of accountancy services to sole traders, SMEs, partnerships, and limited companies of all sizes. These include:
Annual Account Preparation
Payroll (PAYE) &
Complete Self-Assessment Tax Returns
WHY CHOOSE OUR ACCOUNTANCY SERVICE?
- Stay in controlAn unexpected tax bill can be hugely detrimental to any business. With professional accountancy from JFS Torbitt, you’ll know what’s coming from the taxman and how to deal with it. You’ll also be able to boost your cashflow and plan properly for the future, removing the stress of tax.
- Reduce tax liabilityRunning a business is one thing, but running a tax-efficient business is something else entirely. Helping you be as tax-efficient as possible, regardless of your business size, our Chartered accountants enable you to make the most of your finances whether a sole trader, limited company, or anything in between.
- Grow your businessAs well as reducing tax liabilities, we can help you grow your operations and outperform your previous ambitions. Understanding what makes your organisation tick, we use extensive knowledge of all things accountancy to help you move forward with confidence.
- Save timeTax is often time-consuming and keeps you away from doing what you do best. With an understanding of tax rules and regulations, not to mention deadlines, we save you massive amounts of time which you can spend boosting your business operations.
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Business accountancy FAQs
When should limited company accounts be filed and paid?
Your accounts should be filed with Companies House within 9 months of your financial year-end. Any Corporation tax must then be paid to HMRC within 9 months of your company year-end. Your accounts need to be filed with HMRC within 12 months of your year end.
Which expenses can be put through my accounts?
Any wholly for the purpose of business-related expenses can be included in your accounts. For sole traders, this can include subscriptions, the equipment you use for work, and an allowance if you work from home.
For employees and directors, there are more options, which we can help you with.
Are inactive and dormant accounts the same thing?
No. An inactive account refers to a closed account that can never be used again. A dormant account, on the other hand, isn’t operational, but can be used at some point in the future.