Since day one Smithe & Co, based in Chichester have been providing expert advice and accountancy services to both corporate and individual clients.
Since the day one Smithe & Co, based in Chichester have been providing expert advice and accountancy services to both corporate and individual clients.
Bookkeeping
Bookkeeping is a necessary, albeit time-consuming, component of any business. We can assist in ensuring that your bookkeeping procedure does not divert your focus from the daily tasks that are important to you.
Our team will compile all of your information, including bank statements, receipts, and other supporting documents, before organizing it and ensuring that your accounts balance.
To see how we can help you, please get in touch.
Management accounts
For small business owners, book-keeping and accounting falls under the category of ‘necessary evil’. It’s a job that has to be done (or most likely outsourced) to meet your legal obligations.
However not all types of accounting are aimed at meeting your statutory obligations, some are designed to give you better information to help run and grow your business and this can have BIG benefits for SMEs.
Management accounts are a set of financial statements prepared either monthly or quarterly, which provide clear insight into the financial trading position of your business.
They aren’t required by law, and they don’t have to be filed with HMRC - but they’ll put you more in control of your finances than ever before, supporting the growth of your business.
Management accounts lift the lid on all this information and when you can identify trends in sales quickly you will also have better information for planning growth, diversification or expansion. Without the information all you have is gut-feeling, and in business that can cost you dearly.
Self Assesment
Our tax services make sure that your tax liability is calculated, taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.
Corporation Tax
Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when considering possible exemptions, allowances, and deductions.
We will thoroughly review and prepare corporation tax returns in great detail to ensure that you are compliant and that you don’t incur any penalties.
Capital Gains Tax
You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.
Persoanl tax Planning
Smithe & Co can help with the complex issue of tax; we know it can be difficult to understand, which is why we're here to help every step of the way. We take away the time and stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the least amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.
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