Compliance services

C Todd & Co provides a wide range of compliance services to support all aspects of business administration.

We will ensure your accounts are prepared in the correct format, taking account of all changes in legislation, taxation rates and allowances, and current reporting standards.

Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on the profitable areas of your business.

We will assist you in maintaining the correct accounting and business records; ensure you are aware of all of the important dates in the financial calendar, and ensure that all returns are submitted in a timely manner.

We issue regular monthly newsletters by e-mail to keep you informed of all of the latest business news and taxation updates. It is therefore important for you to provide us with your e-mail address to ensure you do not miss out on this important service.

Our range of compliance services includes:

  • annual accounts preparation;
  • payroll outsourcing, including Real Time Information and Auto Enrolment Pension submissions;
  • self assessment, partnership and company tax returns;
  • VAT services;
  • company formation services; and
  • company secretarial services.

For more information of our business solutions please click here.

Annual Accounts

It is a requirement for all businesses of any size and status to prepare accounts on an annual basis for taxation purposes.

The accounts of a business will comprise a Profit and Loss Account and a Balance Sheet.

The Profit and Loss Account shows the profit or loss of the business for the year under review.

The Balance Sheet summarises the assets and liabilities of the business on the last day of the accounting year.

Limited company businesses have to prepare an additional set of accounts to be kept on public record at Companies House.

We can prepare the accounts for any type of business in any business sector.

Together with preparing annual accounts for tax purposes we can also prepare accounts for a variety of other purposes:

  • accounts on a monthly, quarterly or half yearly basis for management purposes;
  • preparation of profit projections;
  • preparation of cash flow forecasts.

Payroll

Running a payroll system can be time consuming, complicated, and can divert resources from the core activities of your business.

Outsourcing this activity to ourselves will relieve you of this burden.

We are able to provide the complete payroll service for your business.

We offer a fully computerised payroll solution issuing a variety of payroll reports to suit your individual requirements.

We can supply a choice of payslips, by post and e-mail, including a security sealed payslip to maintain privacy.

Our software allows reports to be e-mailed as pdf documents to reduce costs and help the environment.

Our payroll service includes:

  • the calculation of the net wage or salary each pay period;
  • submission of Real Time Information (RTI) reports to HMRC;
  • the calculation of the monthly PAYE payment;
  • claiming the Employment Allowance where appropriate;
  • the preparation of the year end employee forms P60.

Please see our online brochure which provides more detail of our payroll solutions.

VAT

We can evaluate your business and inform you if you should be registered for VAT, or if you would benefit from being registered for VAT.

We can assist you and your staff to prepare and submit your VAT Return on a quarterly basis, or we can prepare the VAT Return on your behalf.

Bookkeeping

We can assist with all your general bookkeeping requirements, either at your premises or our offices.

You may require help to write up your books or you may need us to add the finishing touches to information you have prepared in order to create monthly or quarterly management reports.

If you do not employ a bookkeeper we can take up the role for you.

We can assist in the development of a bookkeeping system to suit your requirements, using either computerised or hand written systems.

This could be by using a simple pre printed cash book, for example a Simplex or Evrite cash book, or by using a cash book designed specifically for your business.

We can also offer computerised bookkeeping systems by using a spreadsheet or by using off the shelf computer bookkeeping and accounts software, for example Sage, QuickBooks or Iris bookkeeping.

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C Todd & Co, Redlands Business Centre, 3/5 Tapton House Road, Broomhill, Sheffield S10 5BY