Bookkeeping
Fairhurst PROVIDE A COMPLETE RANGE OF Bookkeeping SERVICES
Bookkeeping is an essential, if not time consuming, part of any business.
Whether you use Sage, Xero, QuickBooks or FreeAgent, we can help ensure your bookkeeping process is not taking your attention away from the daily tasks that are important to you.
Our team will ensure we collect your data, including bank statements, receipts and all the paperwork you have, before putting it all in order and making sure your accounts balance, ready to import into your VAT returns.
Fairhurst is registered to carry on audit work and regulated for a range of investment business activities in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C011004303.
Our services include:
Corporation tax
Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.
We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are compliant and that you don’t incur any penalties.
Self assessment
Our tax services make sure that your tax liability is calculated taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.
Capital gains tax
You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.
Personal tax planning
Fairhurst can help with the complex issue of personal tax, we know it can be difficult to understand, which is why we help every step of the way. We take away the stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.
Restructuring
.png)
Our dedicated team of specialised tax professionals support the complexities of the restructuring process and will work alongside you to manage complex issues irregular to routine tax providers.
Inheritance Tax Planning
.png)
A tailored wealth succession plan enables a smooth transition to the next generation. We offer long-term inheritance planning for your personal assets and support on tax-efficient changes to your companies or businesses, considering lifetime gifts or the use of trusts, and the most practical way for Inheritance Tax to be settled when the day comes.
Tax Investigation Services
.png)
The likelihood of enquiries into your tax affairs has greatly increased in recent years. Our tax investigation service is available to help cover the cost and hassle of dealing with HMRC.
Share Schemes
.png)
We can offer advice on the timing of purchasing shares in the Enterprise Investment Scheme, Seed Enterprise Investment Scheme and Venture Capital Trusts to maximise tax efficiency for income and capital gains tax and assist you in making claims for tax repayment if shares no longer have value.
R & D
.png)
We can prepare research and development reports for your business, advising you on tax-efficient claims and making submissions to HMRC.
Trusts
.png)
We can assist with self-assessment returns for all types of trusts, advising on efficient uses of settlements or breaking up of trusts and helping you with Trust Registration Service compliance.
Company Formation
.png)
Our Company formation packages offer advice on the pros and cons of incorporation specific to your own situation. They can include: appointment of directors and appointment of company secretary, the issue of subscriber shares, tax review regarding company formation and registration support for VAT, Corporation Tax and PAYE schemes.
Companies House Filing
.png)
We will give focus to your company's secretarial matters and take control of all Companies House filings, such as annual confirmation statements, Directors appointment/resignation forms and new share issue forms, through our dedicated service.
Registered office
.png)
You can use our office address as the registered office for your company. This will also ensure all important documents come straight to us to deal with on your behalf straight away. Any that aren't for us, we will forward to you.
Board Minutes
We can prepare any required board minutes and dividend paperwork on behalf of the Board of Directors and ensure that the Statutory Books are kept up to date.
VAT
Value Added Tax (VAT) is a tax that must be paid when purchasing services or goods.
At Fairhurst we can assist you in completing VAT returns in various ways. We can complete as part of your overall book-keeping package or you can give us your books and we’ll complete the return for you. We complete VAT returns in good time to ensure you avoid any penalties.
Value Added Tax is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay. Our experts have the practical knowledge to steer you through your VAT problems. We are ideally placed to provide specialised advice, ranging from compliance issues to more complex commercial transactions.
BOOKKeeping
Bookkeeping is an essential, if not time consuming, part of any business.
We can help ensure your bookkeeping process is not taking your attention away from the daily tasks that are important to you.
Our team will ensure we collect your bank statements, receipts and all the paperwork you have, before putting it all in order and making sure your accounts balance.
Management Accounts
.png)
Up-to-date, relevant and quickly produced management information allows you to make the right decisions. We offer monthly and quarterly management accounts services for your internal or external stakeholders. We introduce actual performance compared to budget and/or comparative periods.
In addition, if you would like us work closely with your internal finance department, we are here to help you make well-informed decisions about growth, pricing, profitability, margins, overheads, and cashflow.
Statutory Accounts
The preparation of financial accounts is a core aspect of our service. We can produce financial statements to file at Companies House and abridged accounts to ensure the minimum amount of your financial information is made public. We believe that the accurate and timely provision of accounts is fundamental to the success of every business, not only providing a health check but also a positive and influential business tool.
All our clients have very different needs when it comes to their annual accounts, so depending on your size and business aims, we’ll work with you to do what’s best for your business.
Online Accounting
We can provide assistance with setting up services such as SAGE, Xero, AutoEntry and QuickBooks to streamline your finances and bookkeeping.
Statutory
.png)
Complying with ever increasing financial reporting obligations can divert focus and attention from growing your business. We totally understand, so we design our service to work with your business to minimise the disruption whilst at the same time keeping you compliant.
Charities / Not for Profit
.png)
If you run a charity, club or not-for-profit organisation, then you are no doubt aware that the auditing and accountancy requirements are not always straightforward.
With increasing levels of compliance and different reporting standards that must be adhered to, we have a team dedicated to providing support and advice so that you can make the most of your money.
Non-statutory
At Fairhurst we aim to deliver hassle-free audits and there are good reasons for having an audit even if you are not required by law to have one.
- An audit involves an in-depth review of the accounting systems, systems of control and requires a detailed understanding of how the business is run. Such a review and knowledge can provide increased opportunities to provide proactive business advice on many matters
- An unqualified audit report can improve the status of the accounts in the eyes of banks and commercial lenders, HMRC and suppliers who may be seeking credit references
- A history of accounts with clean audit reports can also be a factor if you ever wish to sell the company or, perhaps, take it to the market
- The possibility of fraud can be reduced as an audit can act as a deterrent to any potential fraudster
Financial statements
.png)
We can prepare statutory accounts, consolidated group accounts and file with Companies House.
Assurance
.png)
At Fairhurst we work with your business to build trust, transparency and maintain resilience. We are here to help you solve complex financial and accounting issues with a range of assurance and audit services, including financial operations, accounting advice, risk assurance services, corporate and IFRS reporting and more.
Payroll
.png)
Our payroll team can prepare your weekly or monthly payroll runs and FPS & EPS submissions to HMRC.
Our dedicated bureau can also provide P60s to employees and will handle your auto-enrolment obligations with consistency and quality, ensuring employees are always paid the correct amount on time. We can also assist with year end compliance procedures and offer advice on SSP, SMP, SPP and related statutory matters.
BACS
.png)
We are a BACS Bureau Accredited.
Making payments by BACS can be incredibly time-consuming. We will handle the input of all necessary BACS payments to save you time and hassle, from salaries to PAYE and pensions.
Pensions
.png)
Our payroll team can provide support on monthly pension provision and upload to your pension scheme provider, as well as setting up pension schemes and auto enrolment compliance.
Our services include:
