JILLANI & CO
Company Accounts and Corporation tax
We are experts in our field and have been helping contractors, freelancers, independent consultants and small to medium size businesses operating through limited companies.
We can prepare your accounts from whatever bookkeeping records you have – whether they be computerised, spreadsheets, a cashbook or a bag of receipts. And we can advise you on how to strengthen your record keeping procedures, which in turn will help you run your business more effectively. We’ll take care of your paper work, so you can focus on what you do best – running your business. We’ll manage your company accounts and corporation tax compliances.
JILLANI & CO
Self-assessment tax return / Personal tax
Self-Assessment is for those who work for themselves. Every year all self-employed people have to submit their tax returns to HMRC which could be a stressful experience. If you are self-employed, HMRC requires that you complete your self-assessment tax return to ensure that you are paying the correct amount of tax each year.
The most common circumstances under which you may be required to register with HM Revenue & Customs (HMRC) and complete a self-assessment tax return are as follows;
- You are self employed or a partner in a partnership.
- You are a company director.
- You have large amounts of savings or investment income.
- You have untaxed savings or investment income.
- You own land or property that is being let.
- Your household receives Child Benefit and you. have income in excess of £50,000.
- You have income from overseas.
- You have sold or given an asset away (such as a holiday home or some shares).
- You’ve lived or worked abroad or aren’t domiciled in the UK.
- Our expert team can help you with.
- Sole trader Accounts production.
- Completion of personal self assessment return.
- Unlimited advice & support.
JILLANI & CO
Management Accounting
Accurate, timely and reliable financial information is key to the growth and success of any business, so it’s important that your organisation has access to comprehensive, precise monthly, quarterly, and annual reports, as well as up-to-date management accounts.
A cash flow forecast is probably one of the most important management reports you will use as it shows how cash is expected to flow in and out of your business and how much funding/investment it needs.
These reports are key to understanding your business and planning for the future and are typically required by lenders when you want to borrow. Building a cash flow forecast is essential for any business.
JILLANI & CO
Business planning and advice
We want to help your business move forward and grow. Whether it is business advice or tax advice, we will give you the right guidance to ensure you are minimizing your tax liabilities, you are achieving your goals and that you are prepared for the future and what may come.
With many years of experience, as well as an in-depth knowledge of tax regulation and legislation, our accountants are perfectly equipped to provide ethical tax advice, helping you to make informed decisions about your tax strategy throughout the year. We will answer to any business related/personal queries you may have. Anything discussed is kept private and confidential between the staff involved and the client unless it’s vital we share with the superior.
JILLANI & CO
Bookkeeping / Cloud accounting
Bookkeeping is an important part of any business because it helps you budget for your business, prepare for tax returns, keep your business organized and so much more. As bookkeeping plays a huge role in running your business it is very important that your books are accurate and up to date. However staying on top of your bookkeeping can be a very time consuming and stressful. We at Jillani & Co can provide you with a range of bookkeeping services which include using the latest cloud software and apps, or traditional spreadsheets.
We are xero certified partner & QB ProAdvisor and can provide advice and training when – and where – it is needed to help you to choose the best package for your business and set it all up.
JILLANI & CO
VAT return
VAT, is one of the most complex areas of tax. But it’s important that you get it right.
If you’re just starting out, we can help you decide whether you need to be VAT registered from the outset or not. And we will continue to monitor your situation, so that should it become obligatory for you to register for VAT, we can deal with all of the paperwork for your registration.
Whether it’s quarterly or monthly, we will prepare and submit your VAT returns through our MTD approved software. We can prepare your VAT return; either from your own bookkeeping records or we can take care of your record keeping and the VAT return. And we will try to ensure that you claim as much VAT as possible, particularly on contentious items such as mixed-use expenditure and motor running costs
JILLANI & CO
Payroll / CIS
We offer a complete outsourced payroll solution for small and medium businesses, taking care of all your payroll needs, while ensuring that you’re fully in line with all relevant payroll legislation. We’ll ensure that your payroll is always processed effectively and on time, and that you are always one step ahead of new legislation and requirements.
CIS tax is the tax paid under the Construction Industry Scheme, this tax is applicable to almost everyone working in the construction industry. Under this scheme contractors must deduct money from subcontractor’s wages and pay it in advance to HM Revenues and Customs.
If you are a CIS contractor, we can help you prepare and submit CIS returns to HMRC.
If you are a subcontractor you will need to fill in an annual tax return and claim back any overpaid taxes under the Construction Industry Scheme; the average return for CIS tax is £2,500.
JILLANI & CO
Auto Enrolment Pensions
Auto-enrolment has been proposed to support employees to ensure that are automatically registered to join a workplace pension scheme. The new framework will also provide an easy solution for small businesses that have only begun to provide their employees with a pension scheme. Both workers and employers can make contributions to their workplace pension.
As of 2008 all UK businesses must enroll eligible workers in a compliant workplace pension scheme, for support in doing this and ensuring you and your employees are making correct contributions to the scheme, our experts are on hand to help.
JILLANI & CO
Company Formation / Secretarial service
Looking to start a company? We can help with setting up your company, register you or all the necessary taxes and advise you along the journey.
Save the hassle of using your own address and making it public on Companies House, Our address service means we collect all your business post and forward it on via email whilst keeping your privacy.
Our Accreditations
