OUTSOURCING, CLOUD ACCOUNTING & BOOKKEEPING

Let Barnett & Turner manage the routine and mundane bookkeeping duties for you. Whether accounting in the cloud or via a more traditional system we can save you time and offer peace of mind as your transition towards Making Tax Digital continues.

We will….

• Tailor our service to your specific needs, to include regular monthly/quarterly management accounts as required.

• Help you convert to cloud accounting.

• Tailor the conversion to your specific needs.

• Prepare your annual accounts in accordance with the relevant reporting requirements, including addressing your Making Tax Digital responsibilities.

• Deal with VAT returns on your behalf.

• Manage your payroll needs, including year end returns.

• Assist you with preparing budgets and cash flow forecasts.

BUSINESS ADVICE & COACHING

Barnett & Turner are experienced in advising in all areas of the life cycle of your business.  We can help to realise the dream of setting up your own business, advising with its management, development and growth, and ultimately exit planning.  We have particular expertise in dealing with family and owner-managed businesses, including supporting directors with regular business coaching and strategic plans.

Start-up

• Deciding which structure is right for you and your business

• Discussing the tax implications of each type of business structure

• Putting the legal framework in place

• Registering for VAT at the right time

• Setting up your accounting systems and controls

• Easing the regulatory burden – let us deal with your payroll, bookkeeping and VAT

• Discussing the different reporting requirements of each type of business structure – the deadlines, legal obligations and costs involved

• Setting up tax-efficient remuneration packages for the business owners

 Management, Development, Growth & Strategy

• Making sure you fulfil your statutory and legal obligations within the specified deadlines

• Developing your accounting systems and controls to provide timely accurate information on which to base your business decisions

• Preparing and analysing management information

• Preparing budgets and forecasts in line with your strategic planning objectives

• Helping you maintain a strong working relationship with your bank manager

• Making applications for finance – getting the right amount of finance from the right source at the right time

• Looking at the timing of major decisions to maximise any tax incentives available

• Investigating target companies should you want to grow by acquisition and advising on the best method of doing this

• Corporate Governance

 Exit Planning

• Discussing appropriate and adequate pension provisions

• Retirement planning to build the business up to an attractive opportunity for your successor, whether that be the next generation or a new owner

• Valuing your business

• Building the most tax-efficient strategies to get your money out of the business and protecting the best interests of your employees

CHARITIES

Barnett & Turner has acted for a number of locally based charitable organisations for many years, providing a professional, friendly and efficient service tailored to our clients’ individual requirements.

Our specialist charities department, lead by Yvonne Lovett, can provide a wide range of services including:

• annual statutory audits

• grant claim audits

• independent examination

• implementation and design of accounting systems

• internal audit services

It is extremely important to stay up to date with all the latest developments that are happening within the charity sector and to this end our steam attends regular conferences and courses run by the ICAEW and by our national association Accelerate.

If you would like a copy of our regular newsletter please e-mail Yvonne Lovett on:

ylovett@barnettandturner.co.uk

COMPANY SECRETARIAL

We will guide you through all of the statutory formalities that a company must comply with and assist you with procedures to ensure that your company meets all of the relevant filing requirements and does not miss any important deadlines.

If you would like more information on any of the following Company Secretarial services provided by Barnett & Turner, please don’t hesitate to get in touch.

WEALTH MANAGEMENT

We are able to provide guidance on all aspects of wealth management and financial planning. You will benefit from our experience and we are well placed to introduce you to a team of fully qualified independent financial advisers helping you to assess your current status, consider where you see yourself in the future and determine the best way to get you there.

Our services include:

• Investment Reviews

• Estate Planning

• Financial Planning for Businesses

• Retirement Planning

• Education Fees

• Family Protection 

Call David Wilson on 01623 659659 or email dwilson@barnettandturner.co.uk

PAYROLL (IN REAL TIME)

Every payroll should be dealt with in an accurate, reliable and confidential manner, in order to safeguard employee trust. After all, payroll is often the most personal and confidential internal aspect of many organisations. 

We strive to ensure that whenever we take on the role of your payroll department, we do so with the highest degree of accuracy and reliability.

Adopting internal controls and procedures designed to safeguard your confidentiality and to maintain the integrity of our work. We appreciate that every client has their own particular requirements, from the style of reporting to the timing of processing transactions. Therefore, we are flexible and adaptable, so that we are able to accommodate your own specific payroll needs.

Our services are charged at competitive rates and include the following: –

• Processing weekly, fortnightly, monthly, quarterly or annually RTI compliant payrolls.

• Bespoke reports for accounting and analysis purposes, including journal entries.

• Preparing automated payment summaries (BACS).

• Set up of new schemes under RTI.

• Assisting you with P11d returns.

• Maintaining your working records and dealing with P45s.

• Guidance on remuneration packages, including pension arrangements.

• Providing tailored Auto-enrolment solutions.

If you would like to discuss how Barnett & Turner can assist you with your own specific requirements, including any RTI or Auto-enrolment queries, please call Natalie Goodall and the team on 01623 659659 or email ngoodall@barnettandturner.co.uk

TAXATION & MAKING TAX DIGITAL

Income tax, corporation tax, value added tax, inheritance tax, capital gains tax, insurance premium tax, landfill tax, import duty, fuel tax….

Taxation is everywhere. We even pay tax on taxation when VAT is applied in some cases.

The whole area of taxation is becoming ever more complex. As Making Tax Digital (MTD) becomes the order of the day, it has never been more important to ensure that you receive the right advice for your own specific circumstances if you are to keep the amount of tax that you pay to the minimum and meet all your deadlines.

At Barnett & Turner we provide our clients with specialist advice covering all areas of taxation and we will be pleased to discuss your own specific requirements. We are also able to offer all of our clients Professional fee protection cover against our work on certain tax enquiries from HMRC.

Please speak to Andrew or Tracy on 01623 659659 or email awilliams@barnettandturner.co.uk or thenson@barnettandturner.co.uk