A Complete Range of Services
New business advisory service
The last thing you need when you're getting your new business off the ground is to be distracted with all the legal and regulatory compliance issues you need to address.
You must focus all your energies on building the core business and have the time to develop new opportunities when they come along.
On the other hand, ignoring the paperwork leads to all sorts of unnecessary complications that can become very costly to resolve.
Let MAAP take care of the basic book keeping work, and advise you on what you have to do, which tax authorities you will have to notify, and what regulations you have to observe in the first few months of trading.
We can help you make the first few months of opening a new business a little less stressful than it might otherwise have been.
Low cost accounting and financial reporting
We offer a complete accounting service that begins with low cost, out-sourced book-keeping for small businesses. The service includes the preparation of the annual financial statements, accounting records, as well as your personal self assessment tax returns. Costs can be as low as £235 per year.
If you are a business that prefers to prepare its own accounting records (manual or computerised) we are quite happy to take in your books at the end of the year, and draw up the required financial statements and tax returns to be filed with Companies House and the Inland Revenue respectively.
We also have the IT expertise to design and build computerised financial reporting systems for organisations of all sizes looking to optimise their management reporting potential using most of the common accounting packages.
Personal taxation and making tax returns
It is a common misconception that individuals only have to submit a self assessment tax return if they are asked to do so by the Inland Revenue.
The reverse is actually true. All individuals have a legal obligation to notify the Inland Revenue about any taxable income they receive during each fiscal tax year ending 5 April.
We offer a quick and inexpensive service (from £65) to prepare tax returns and calculate the tax you should be paying under self assessment. If completing your tax return is one task you really dread, then let us do it for you.
Business tax and cash flow planning
If there is one thing businesses fail to do on a regular basis is budget for the payment of their tax liabilities.
Most of us have experienced the mild degree of panic that sets in once you learn the real magnitude of the tax bill you face. How much better it would be if you were kept informed of your potential tax liability throughout the year so you could better budget for the payments as and when they fall due.
In you're a sole-trader or in partnership then it will be the payment of your self assessment tax in July and January of each year that you need to plan for.
Then there other tax considerations such as National Insurance, and the notorious IR35 regime. The Settlement Rules are another area that can lead the unwary into swinging back duty assessments if you have been a little too generous distributing your income to your spouse to avoid tax.
MAAP can work with you to make sure you keep track of the tax liability as it arises so you can better plan to pay the demands as they fall due.
VAT and Payroll
Although the Inland Revenue and HM Customs and Excise offer free training sessions, telephone support lines and informative websites, the operation of some aspects of VAT and payroll can be confusing ... even to accountants.
So if you do happen to get it all wrong, it will of course cost you more to put it right.
There is no substitute for having professional and qualified experts like MAAP to carry out the work for you, and ensure you comply with new regulations as they come into force.
Talk to us about out-sourcing your quarterly VAT book-keeping and weekly/monthly payroll runs. We will surprise you how cost effective we are.
Capital Gains and Inheritance Tax planning
The rules surrounding CGT and IHT are very complex and as fast as the accountancy and legal professions think of ways of mitigating your tax liability, the Inland Revenue move to introduce legislation to plug the gaps.
If you are disposing of a business, an investment, or planning for the passing on of your estate after your death, then the sooner you take proper professional advice the better.
Company formation service
Forming a company is actually an easy and inexpensive task to perform.
We offer a comprehensive and professional company formation service that is tailored to your specific needs.
We will be happy to explain the various steps involved not only to form the new company, but what you need to do after the corporation. There are various tax authorities you must inform if you are to avoid the penalties that can arise for failing to do so.
Business acquisitions and disposals
Are you thinking of buying or selling a business in the near future?
Then you really do need to talk to us before you go anywhere near a selling agent, vendor or purchaser.
There are many pitfalls for both the buyer and seller to fall into. It is always worth remembering that what is good news for one side, is always bad news for the other. So make sure you get it right for you by talking to us first.
IT consultancy
We have been retained as consultants by Sage, TAS, Pegasus and KPMG for our accounting software expertise.
We are in a position to offer impartial advice about the purchase and implementation of many off-the-shelf accounting packages.
We can also give professional advice about integrating back office accounting systems with e-commerce solutions on the Internet through our sister company Vibe New Media.
We are confident we can save you a lot of wasted time and effort if you consult us first.
Statement of Independence
In order to retain our objectivity, MAAP does not accept any commissions or introducers' fees from any third party it recommends on to our clients.