Services

First class client support...

Compliance

We provide a range of compliance services to support all aspects of business administration. We can help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared.

Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on other areas of your business. In short, we will make sure everything is in the right format, in the right place and at the right time.

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Annual Accounts

Preparation of your annual accounts in the appropriate format including a meeting to discuss your results.

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Statutory Audits

A statutory audit of your financial statements.

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Corporation Tax

An end of year review including the completion and submission of your corporation tax-assessment return and computation to HMRC.

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Self-Assessment Tax Returns

Preparation of your self-assessment tax return, calculating your tax liabilities and advising on the payments of tax.

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Company Secretarial Work

Dealing with all company secretarial work required for your company.

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Registered Office Address

The use of our office address as the company’s registered office.

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Tax Investigation Fee Protection

To protect your business against the cost of an HMRC investigation.


Consultancy & Systems Advice

Your professional and personal goals are central to our consulting services; we take the time to get to know you better so we can offer the best advice. whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.

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Accounting Systems Review

A review of your systems to indicate any weaknesses, the consequences and our suggestions on how to improve them.

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Systemisation Support

A systemised business is a more valuable business.


Tax Planning

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.

We can ensure that all effective measures are taken, including efficient use of tax bands & allowances, claiming all eligible reliefs and maximising on your tax relief claims.

We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

Our tax planning services include exploring the best remuneration route, tax efficient company cars and benefits, structuring a property purchase, raising finance for growth & claiming Research & development tax relief.

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Personal Tax

A tax planning review during the year to ensure you are aware of any opportunities to minimise your personal tax liabilities.

Reviewing your EIS, SEIS, VCT investments to ensure you are maximising on the tax relief available.

Advising on the tax implications on pension contributions.

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Business Tax

A tax planning review during the year to ensure you are aware of any opportunities to minimise your corporation tax liabilities.

We will ensure that you are maximising on your capital allowance, research & development, Land remediation relief and allowable expense claims.

We can assist you with structuring your business in the most tax efficient way for your requirements.

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Company Car

We will carry out a planning exercise each time you consider buying a new vehicle.

Including exploring the benefit in kind implications and the most tax efficient way to purchase the vehicle.

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Tax Efficient Remuneration

We will advise you on the most tax efficient remuneration package for your needs.

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Research & Development Claims

We can assess your innovative projects to check your eligibility to claim under the UK government's incentive scheme for research & development.

We will review your claim to ensure you are maximising on your claim.

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Capital Allowances Claims For Commercial Properties

If you have made any changes to a commercial property, purchased or as a tenant, there may be additional allowances available to you.

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Incorporation

Incorporating your sole trade or partnership could prove to be a more tax efficient or better structure for you.

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Capital Gains Tax

A CGT tax planning review to ensure you are aware of any opportunities to minimise your liabilities.

If you have disposed of UK land/property, we can assist with the reporting requirements.

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HMRC Enquiries

We can assist you with your HMRC enquiry, we will act as your agent with HMRC to conclude your enquiry.

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Stamp Duty Land Tax

We can work alongside your solicitor or HMRC to advise you on the SDLT payable on your transaction.

We cover all aspects of SOLT including assessing reliefs available such as multiple dwellings relief, uninhabitable, mixed-use claims, 3% higher rate surcharge & non-resident surcharge.

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Share Schemes

If you would like to explore incentivising your staff with an employee share scheme such as EMI scheme, we can assist you throughout your journey, from providing advice on the structure of the scheme, advising you and your employees on the tax implications and mechanics of the scheme, through to implementation of the scheme.

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Enterprise Investment Scheme /Seed Enterprise Investment Scheme

If your business is looking to raise funds through SEIS/EIS funding, we can assist you with the advanced assurance application and compliance forms for your investors.

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Land Remediation Relief

We can assist you with your land remediation relief claim. We can assess the land/property remediation work eligibility for the relief claim and assist with the preparation and submission of your claim to HMRC.

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Disclosures

We can assist you with reporting undeclared income or overclaimed a relief or grant. This includes

  • If you've been earning money from your hobby which has now turned into a trading business
  • Running a business through an online marketplace and not declared your taxable profits to HMRC
  • Submitted an inaccurate return
  • Dealing with crypto assets and not declared income
  • Overclaimed on a Covid grant
  • incorrectly claimed or overclaimed on a tax relief claim
  • Receiving property income which you haven't declared .
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Annual Tax on Enveloped Dwellings

If you have a residential property that falls within the ATED regime, we can assist you with the preparation and submission of your ATED Return.

We will explore all available reliefs to ensure you are paying the right amount of ATED.


Book Keeping & Management Accounts

We can help you with all your general bookkeeping requirements, either at your offices or at our office. You may require help to write up books or need us to add the finishing touches to information on bookkeeping systems in order to create your own management information. If you do not employ a bookkeeper then we can take up the role or help you recruit the right person for your business.

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Book Keeping (& onsite option)

Reduce the book keeping burden to help you spend more time working on your business.

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VAT Return Preparation/Review

VAT is not a straight forward tax to account for, we can do this for you.

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Management Accounts

To help you regularly understand how your business is performing.

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Cloud Book keeping setup

Cloud accounting systems are so much better than manual systems, spreadsheet based systems and desktop software.


Payroll & Workplace Pensions/Auto Enrolment

Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We are able to provide the complete service, what ever the size or complexity of your business, or simply provide support when needed.

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Payroll – Monthly or Weekly (Auto-enrolment compliant)

We will prepare the payroll for the company and ensure you comply with all statutory regulations.

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Forms P11D

Necessary if your directors or employees receive company benefits.

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CIS Monthly Contractors Returns

A construction industry requirement, but we can help you comply.

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Setting Up a Workplace Pension

Workplace pension changes are being introduced that will affect every employer in the country.


Business Advice

We work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process.

Forecasts and Budgets


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Business Planning – Where You Want To Go

Helping you identify, articulate and understand where you want the business to go.

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Your Personal Balance Sheet

A key document showing your personal net worth.

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12 Month Cash Flow and Profit Forecast

Suitable for internal planning or presenting to your bank manager

Actual Monthly Performance


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Measuring Key Sales Drivers

Map out and measure the key systems in a business, and then play with the sensitivities.

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Measuring KPIs (on One Page)

The single most important page for any business.

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Business Strategy Meetings

A quarterly or monthly meeting/resource to help you review your business.

How Your Performance Compares to Previous Years


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Financial Performance Review

A detailed review of the performance of your business over the last 5 years.

How Much is Your Business Worth


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Business Valuation

Measure how much your business is worth and whether it is increasing in value year on year.


Outsourced HR Service

With an expert HR outsourced service at your hands, you can focus on the growth of your business and let us support you in managing your workforce more efficiently, providing HR solutions to suit your needs.

Navigating your way through HR can be challenging, complex and time consuming. No matter the size of your business we can offer cost effective tailored flexible solutions, saving you money, time and effort with a scalable HR solution that grows with you.

Our team take a partnership approach operating as an extension of your management teams. We take the time to understand your business, your culture, your goals and can work with you on both short term and long term projects. Your requirement may be to work remotely in an advisory capacity, or to support you with documentation, creating employment contracts, implementing new policies, people development, improving your culture, or leading recruitment campaigns.

HR can also be reactive, we also offer a more hands on approach and can support you on site in your internal meetings such as disciplinaries and grievances, giving you the confidence and face to face support when dealing with employee management issues.

Clients turn to us to:

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Avoid the cost of hiring an internal HR team

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Save time and improve efficiency in managing their employees

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Implement HR Policies & Procedures

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Set up and train key people in our HR system helping to manage leave absence, employee records, and documentation

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Advise on and attend Grievances & Disciplinaries

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Lead recruitment campaigns, screening candidates, selection for interview

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Improve Culture

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Support Change Management

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Review and Improve Benefits & Rewards

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Build a strategy for People Development & Employee Engagement

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Restructure through redundancy or Tupe

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Review and Improve Benefits & Rewards

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Introduce software to manage the full employee life cycle

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Train line managers in its people function ensuring employees are managed fairly and consistently improving employee retention

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Audit current HR processes, policies and documentation and make recommendations for improvement

Our priority is to keep you compliant and manage risk. We help businesses of all sizes meet their employer obligations and deliver the best in HR practice.

There is a lot of legislation relating to employing people so its important you have everything in place to safeguard you and your employees.

Contact us today for a free no obligation HR Health Check k.whitehouse@phm-accountants.co.uk 01604 718866


Commercial Finance

Our team has in excess of 25 years’ experience, in arranging commercial finance facilities, including everything from Invoice Finance, Commercial Loans, Asset Finance, and Commercial Property Finance. (Other finance options are available).

We use experience and expertise to cut through the jargon and find you the right option, saving you precious time and money.

Factoring / Invoice Finance / Single Invoice Finance

Debtor based lending, is a commonly used form of funding to provide working capital for businesses that typically have customers on extended or longer payment terms. Typically, you can borrow a maximum of 90% of your outstanding sales ledger balance, and the cost is specific to each individual client based on the risk profile of the business and its debtors.


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Asset Finance

Typically, a form of funding used to purchase business assets such as vehicles, and plant and machinery. This can be arranged either by a hire purchase or a lease agreement, with funding periods being 1 to 5 years.

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Business Loans

Typically, a business can borrow (subject to availability) between £1000 and £3m; in most cases the interest is charged as a percentage and added to the loan balance.

Loans can be unsecured or secured against specific assets, but usually a personal director’s guarantee is required. 

Usually, business loans are paid back over a set timeframe, ranging from 1 month to 15 years, with regular equal repayments.

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Property Funding

Whether as an investment, or occupier of the property, a commercial mortgage is secured on a property, with lending terms ranging from 10 – 30 years, but cannot be used for residential purposes.


Contact Us

T: 01604 718866
E: info@phm-accountants.co.uk

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Phipps Henson McAllister are registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK, under reference number EWC008449569.

This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.