Compliance

Audit

An audit from Vision Consulting is more than just meeting the statutory compliance. It can help reduce risk of error or fraud, enhance and develop your business as well as assist in identifying practical solutions to underlying challenges within your business.

At every stage of the audit process we like for our audit team to work alongside your personnel. This ensures that we can truly get an understanding of your objectives.  We have a highly experienced audit team with a vast amount of knowledge and experience in a range of industries. As a result of this we are able to swiftly navigate through your systems and processes to carry out an efficient audit.

Vision Consulting Accountants Limited is registered to carry out audit work in the UK and Ireland by Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed http://www.auditregister.org.uk/Forms/Default.aspx  under reference number C004563153

As registered auditors, we can provide a wide range of audit and related assurance services in addition to corporate audit work, including:

  • Internal audit;
  • Solicitors’ client money audits in accordance with the Solicitors Regulation Authority (SRA) Rules;
  • Accountants report for ARLA / ARMA audit.
Book Keeping

At Vision Consulting, our dedicated team can undertake bookkeeping assignments either at your premises or through remote access – whichever best serves your needs Our service will be tailored to your company’s requirements.

Bookkeeping can be a time-consuming task. We can provide resources and the processes your business will need to allow you to focus on what your business does best.

Professional bookkeeping services include:

  • Sales invoicing (with or without credit control);
  • Producing VAT returns;
  • Running of payroll (weekly, fortnightly, monthly);
  • Accounting software support, review set up and training;
  • Preparation of monthly or quarterly management accounts to monitor your company’s performance;
  • Cash flow forecasting.
Payroll
Not all businesses need to register run a payroll scheme. However, any business that has employees who earn over the Lower Earnings Limit (£6032 for 2018/2019) will need to register and run a payroll scheme. A business can also choose to run a payroll for the company directors, even if there are no other employees; and if you are registered as a contractor, or use sub-contractors, then CIS returns for CIS suffered or deducted must be submitted through a payroll scheme. With the introduction of Real Time Information (RTI), payroll reports must be submitted to HMRC on or before payday or employers face a late submission penalty. This means it’s important you have a good payroll provider in place from the start to ensure the work is done accurately and on time.

Our Payroll Service

We provide a complete service, handling all aspects of payroll for our clients from start to finish. We take care of everything necessary for your company to be completely compliant with all rules and regulations. We take the time to work with you to establish your requirements, such as:
  • Provide online payslips, either weekly, fortnightly, four weekly, monthly or quarterly.
  • Submission of RTI Returns.
  • Processing employee’s starter/leaver/year end forms such as P45, P46, P60 etc.
  • Claiming of employment allowance on your behalf, if entitled
  • Calculate employees holiday pay, SSP (Statutory Sick Pay), SMP (Statutory Maternity Pay) and student loan deductions.
  • Automatic email reminders to let you when your payroll is due, reducing the risk of penalties being issued for late filing.
  • Unlimited payroll help and advice throughout the year from your dedicated Payroll Clerk.
We strive to make processing your payroll a simple straightforward process and work with you to ensure that we are provided with up-to-date payroll information by a mutually agreed cut off date. Every payroll period we will send a summary, payslips and clear instructions on how to pay the PAYE. We can provide a wide range of more in-depth management reports, if necessary Our dedicated team provide a quality service, so you do not have deal with the potential headaches of payroll and can concentrate on running your business.
VAT Returns

Most businesses must register for VAT when their turnover exceeds a certain threshold. VAT legislations can be complex and are often changing. Our specialist advisors have a deep understanding of the rules and will be able to provide you with great support.

In addition to VAT planning, our services include:

  • Support through VAT investigations;
  • Staff training for your business;
  • Dealing with unhelpful rulings from HMRC;
  • International trading advice.
Preparation of accounts

Accounts will need to be prepared regardless of whether your business operates as a Limited company, a Partnership or a Sole trader. At Vision Consulting, we will ensure accounts are prepared in accordance with statutory obligations of HMRC and Companies House.

Our team is highly experienced in a variety of sectors as our clients range from small start-ups to thriving medium sized organizations. We can prepare year end accounts in an efficient and timely manner- allowing your business to extract key information for future planning and decision making.

The regulatory framework and Financial Reporting Standards are continuously changing, which can be time consuming and overwhelming for your company to keep up to date. At Vision consulting our highly skilled and knowledgeable team can assist you, ensuring your accounts are prepared in accordance with the most current disclosure requirements.

Preparation self assesment & personal tax returns

Personal taxation has become much more complex over the years due to a variety of rules being enforced to consider the ever-changing financial world and personal circumstances of individuals. Although, there are many reliefs available for tax payers, the most common being a personal allowance and Gift Aid donations, not enough people know which reliefs apply to them.

At Vision Consulting, we are a friendly and hard-working team who work towards ensuring all our clients receive the best possible information when assisting in preparing personal tax returns. This can include the following:

  • Ensuring all returns comply with the UK tax system.
  • Calculating your tax liability and informing you of your payment due dates.
  • Advising on the best suited reliefs available to you to reduce your tax bill.
  • Dealing with queries from HMRC.

Our team has vast experience in liaising with UK Tax Authorities for a wide range of queries related to different aspects of tax and can effectively deal with any tax investigation. However, our support extends far beyond tax investigations, for example we can inform you of the tax treatments on different income types or calculate your capital gains tax liability.

Preperation of corporate tax returns

Ensuring that your business is tax efficient as well as being tax compliant can be challenging. Vision Consulting delivers specialist business tax and corporate tax advice.

We can help plan a tax-efficient approach for every aspect of your business.

  • Tax compliance and reporting;
  • R&D Tax Credits;
  • iXBRL Services;
  • Tax risk and strategy.
Solicitors Accounting Reports
Construction Industry schemes (CIS)