Our services.

Accountancy and bookkeeping for non audit clients:-

Sole proprietors
Partnerships
Small Limited Companies

VAT preparation and Bookkeeping:-
Quarterly
Annually
or bookkeeping to suit your timetable

Payroll Bureau:-

We take care of all your requirements -
Pay slips, BACS/ACP, all monthly and annual administrative functions (including correspondence with the HMRC)
Auto enrollment administration

Taxation:-
Tax Returns prepared for all clients including dealing with the Self Assessment system on your behalf
Full business tax service for both corporate and non-corporate clients
Research and Development tax reliefs (see below)
Claiming Film Tax Relief for corporate clients (see below)

Corporate Tax

There is an increasing change in responsibility from HMRC to corporate tax-payers. The need to deal with routine compliance tax work in a proper and timely fashion is therefore essential. Hewitts deals with the tax submissions to HMRC with a view to agreeing liabilities and negotiating with them on clients' behalf and can advise on compliance with all other tax matters arising throughout the year.

In addition, companies have onerous responsibilities in such matters as PAYE compliance, year-end returns of benefits in kind. Hewitts can assist your company in all these areas.

Personal Tax

Self-assessment is another example of the shift in responsibility and workload to the individual tax-payer. The completion of self-assessment tax returns is the first step in a process, which will result in individuals facing the consequences of incorrect information or late returns. Hewitts uses the most up-to-date computerised personal tax software which will in the future utilise the benefits of electronic lodgement of tax returns with HMRC. Richard Winterman in our tax department, is available to deal with compliance matters and the partners and senior staff are always available.

Tax Planning

Tax is a fact of life, but the tragedy would be to pay more than is necessary. Tax planning is essential to every individual and every business, to ensure that all tax mitigation steps have been taken, whatever your circumstances. This is especially important where significant decisions are being taken, for example:

Buying and selling investments
Contributions to pension schemes
Obtaining finance
Planning for retirement
Acquiring property
Getting money out of your business
Buying or selling a business
Expanding your business
Remuneration packages for employees

With the complexity of the tax rules, it is important to take taxation advice to ensure that the optimum tax position has been considered before any major transactions occur. It is especially important to consider the interactions of the various taxes, for example, capital gains tax and inheritance tax and to make certain that potential solutions do not conflict.

Our staff have a wide range of knowledge and experience. We will work with you and your business, using our in-depth understanding of your affairs to compile a comprehensive approach to minimise your tax liabilities.

Payroll, PAYE and NIC

Our payroll bureau can assist you with all your requirements from processing your payroll and ensuring all statutory requirements are met under the PAYE and Department of Social Security regulations, to dealing with the enquiries and investigations into your PAYE and NI procedures. We will provide a payroll service in which our experienced staff use the latest software to provide a personal, confidential and cost-effective service, tailored to suit your needs. We will help and advise you on how to deal with PAYE and NI in your own business. This may be by ensuring you make the correct returns within the stated deadlines, or by assisting you with specific queries about P11Ds, maternity pay, termination payments etc.

Our taxation specialists also have extensive knowledge of HMRC PAYE and National Insurance audits and their resultant enquiries and investigations.

Research and development (R&D) tax credits

Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to invest in accelerating their R&D, hiring new staff and ultimately growing. Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief.
If that’s money spent on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or a Corporation Tax reduction. The scope for identifying R&D is huge – in fact, it exists in every single sector. And if you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.

Film tax relief

Film tax relief is now available at 25% of qualifying film production expenditure, regardless of budget.
Film tax relief is available for British qualifying films if they:

• either pass the cultural test or qualify as an official co-production

• are intended for theatrical release

• have a minimum UK core spend requirement of 10%, including those made under official co-production treaties.

Tax relief is available on qualifying UK production expenditure on the lower of either 80% of total core expenditure or the actual UK core expenditure incurred.
There is no cap on the amount which can be claimed.
The film production company responsible for the film needs to be within the UK Corporation Tax net.

Business Planning.

Provision of business and cash flow planning.

Assistance with grant applications.

Management information and business improvement tools.