ABOUT US & INTRODUCTION
Accountax Direct is a growing firm of reliable Accountants, Taxation and Business Consultants with experience in helping small to medium size businesses, the self-employed and individuals with their accountancy and taxation affairs.
Our aim is to give a very high level of service to a small number of clients. This will ensure that clients get our full attention and we are able to answer their questions quickly and comprehensively. We were frustrated in practice by not having enough time to go that step further for our clients to make sure that the job is completed to their and our satisfaction, dealing with all the issues identified.
We believe that there is a knowledge gap in many small and medium size enterprises. They cannot afford full-time financial expertise but would really benefit and value someone answering their day-to-day problems. We can fill this gap by becoming a virtual Financial Director.
Accountax Direct (UK) Ltd is looking to grow exponentially over the next few years to form a network of qualified consultants within the business, offering Accountancy, Taxation, Business consultancy and I.T. services. Our clients often say "Please don't change" - but we will, we will continue to get even better and find even more ways to help them get to where they want to be.
OUR MISSION IS ALWAYS TO ADD VALUE
Whatever we do for you, we will always carry out our work with the aim of adding value to your business.
We run a very cost effective business by making the most of modern technology and home-working, but we will never be the cheapest solution. "Values are defined as follows"
"It's unwise to pay too much, but it's also unwise to pay too little. When you pay too much you lose a little money that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing you bought it to do.
The common law of business balance prohibits paying a little and getting a lot. It can't be done. If you deal with the lowest bidder, it's well to add something for the risk you run. And if you do that, you will have enough money to pay for something better."
A UNIQUE FEATURE OF OUR SERVICE IS FIXED PRICE AGREEMENTS
Once we have established your needs we will give you a guaranteed fully inclusive price from the start. This will give you peace of mind and no surprise bills.
Our philosophy is to provide a high value service by:
· Providing the best possible service
· Aiming to continually exceed our clients' expectations
· Making the time to really listen to the needs of our clients
· Suggesting ideas to improve profits and help the business grow
· Providing professional expertise in order to proactively identify opportunities and provide solutions
· Being an indispensable part of your business
This is achieved by:
· Maintaining a small portfolio of high quality clients
· Employing qualified individuals with a zest for business
· Investing in training and I.T.
· We offer a specialist service to businesses to provide a cost effective, high value solution for all your
financial needs. We will be your virtual Finance Director, and business partner giving daily assistance to you
and your business.
Take a look at our services below to discover how we can help you to manage your business grow fast.
One of our goals is to provide our clients with a reliable resources of up-to-date business information. This information can be found in free resources guide which is a comprehensive database of business articles and information. If you cannot find what you are looking for please do not hesitate to contact us and we will help to point you in the right direction.
We offer a specialist service to businesses to provide a cost-effective, high value solution for all the Accountancy and financial needs. We will be the virtual Finance Director and business partner giving daily assistance to businesses.
We offer following services to our client
* Business Planning & Business Start-up.
* Management Accounts & Reports.
* VAT Returns and online filing.
* Statuary Accounts & Returns.
* Pay Roll (PAYE) for Small to medium size Businesses, Computerised wage slips
and online filing (RTI).
* Financial Accounts & Self Assessment Returns for Sole Traders, Partnerships &
small to medium size Limited Companies.
* Personnel & Business Taxation.
We also offer following services for local business community;
* Business Valuation and appraisal.
* Company Formation & Secretarial Services
* Financial Performance Review.
* Information and Technology application.
* Web design and support.
* IT Training and guidance.
* Business Net work through seminars.
* Business Links through web sites.
· Company secretarial
· Financial performance review
· Management accounts
· Statutory accounts
BOOKKEPING & MANAGEMENT SERVICES
We can relieve you and your business of a significant burden by taking care of all your bookkeeping and accounting needs. This ranges from making use of our in-house bookkeeping bureau to the preparation of your annual accounts. We will treat every business individually so that we can tailor our approach to your requirements.
Besides the core bookkeeping, we can also maintain your VAT records, prepare your payroll and take on other projects to free up valuable time for your staff.
When running a hectic business you cannot afford to use valuable time making sure you are complying with the Companies Act. However you do need to be aware how this legislation affects your company and its directors. We can help by carrying out the company secretarial duties for you. Our services include:
· Company formations
· Preparation and filing of statutory returns
· Preparation of all documentation (such as minutes and resolutions)
· Maintenance of statutory books (share register, minute book, etc)
· General advice on company law
FINANCIAL PERFORMANCE REVIEW
We will carry out a financial performance review of your business. This will be in the form of a detailed report which includes:
· Graphs and charts illustrating how your business has performed this year
· Ratio analysis to highlight areas of strength and weakness
· Detailed commentary advising you which areas of the business can be improved.
The most important part of our compliance services is the preparation of periodic management accounts. Monitoring and controlling the financial performance of your business is of paramount importance and regular management information is vital to the continued success of your business. We can either carry
out this function for you or help you set-up internal systems to generate the information.
We will also take this service one step further by interpreting these figures for you and making suggestions
to help you improve your profits or to help your business grow.
PAYROLL & RTi (Real Time Information)
Running your own payroll can be time consuming and complicated, particularly with the ever increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties, if (RTi) Real Time Information is not filed on time to HMRC.
Our service is comprehensive and confidential, inclusive of:
· Computer wage slips
· Employment contracts
· Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay etc.
· Completion of statutory forms (including yearend returns)
· Summaries and analysis of staff costs
· Administration of incentive schemes, bonuses and redundancy payments.
Even if you only have a few employees, you will make savings by engaging us to administer your payroll.
If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts and filing them with Companies House for you.
We have made a conscious decision not to carry out regulatory audit work because we think this will distract our attention from the service that we want to provide. In order to provide an audit we would have to prove ourselves to be independent from our clients……. This is the last thing that we want to be as we want to be an integral part of your business. If you are required to have an audit then we can help you get your records and accounts in to a condition that will make your annual audit a short, cheap and painless process.
Please contact us to find out how we can help you with this.
Considering the quantum of development currently going on in UK, both in public and private sectors, we are offering a wide range of advisory services utilizing our experience and global best practices for effective optimization of the whole development effort.
Our services include:
· Business Advisory
o Business Planning
o Business Start-up
o Independent Opinions
· Development Advisory
o Fund Management
o Financial Monitoring
Every business must plan ahead in order to ensure success, but it is too easy to surrender to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions, over/under capacity, inefficiency and missed opportunities.
Every business owner needs to invest time in developing a long-term plan, starting with what you want to achieve from your investment and what your reasons for being in business are, and then developing a plan to help achieve these objectives.
We are well placed to help you develop these plans and have a considerable pool of experience and
expertise to draw on. The financial aspects are usually the backbone to any business plan and you
need to ensure that this aspect has been adequately dealt with in your plan. Contact us today for a
strategic planning review.
Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and helping you develop them into a feasible business.
We can also help you:
· Decide on the most suitable structure for your business (i.e. sole trader, partnership or limited company)
· Prepare a business plan, cash-flow projections, budgets and trading forecasts to prove the financial viability of your ideas and demonstrate this to the bank / potential investors
· Assess your finance requirements and access the most appropriate source of finance
· Help you establish relationships with banks, solicitors, etc via our well established network of contacts
· Carry out registration procedures with Companies House, H M Revenue & Customs
· Set up an internal accounting system which complies with statutory requirements
Call us for a free initial consultation to find out how we can help your ideas become reality.
One of our key objectives is to help our clients increase the value of their business. Each year we can carry out a valuation of your business using software developed by the Added Value Network.
We will produce a detailed report showing the current value of the business and ideas on how you can maximise its worth.
Income and Corporation tax will represent a substantial cost to any profitable business, not only in terms of the tax itself but also in compliance with reporting obligations, investigations with tax authorities and penalties for
We can help you to minimize your Income and Corporation tax payments and relieve you of any administrative burden of complying with tax legislation.
We will deal with all business tax matters, including preparing income and /or corporation tax computations and preparing and submitting your partnership tax returns or corporation tax and self-assessment returns.
Globalization is a leading concept which has become the main factor in business life during the last few decades. This phenomenon affects the economy, business life, society and environment in different ways, and almost all corporations have been affected by these changes. These changes are mostly related to increasing competition and the rapid changes of technology and information transfer. To challenge these changes, Accountax Direct has started its business worldwide.
Our Pakistan office is managed by our qualified and competent professionals.
Services provided in Pakistan are as follows:
Services that we provide:
a. Budgeting & forecasting
b. Cash management
c. Financial statements
d. Review & analysis
a. Bank account reconciliation, monthly, quarterly or as needed
b. General ledgers, payables and receivables
c. General ledger posting
d. Profit & loss statements
a. Tax return preparation – individual, corporate, partnerships, trusts,
non-profit organization and family owned businesses
b. Prior year and amended returns
c. Direct deposits
d. Billing and collections
e. Sales tax returns and deposits
4. Payroll services
a. Paycheck processing
b. Payroll tax returns & deposits
c. Remote access accounting available quarterly payroll tax filing
d. Year-end payroll reporting
a. Quickbooks, product selection, setup, training & support, and remote access.
6. Financial planning
a. Investment management
b. Retirement planning
7. Business startup consulting
a. Tax planning and business entity selection
b. Accounting software setup and support
a. Internal and external audit