Welcome To

Hello, and thanks for visiting accountant Berkshire!

 

Accountant Berkshire Accounting Services In More Detail

Book Keeping – Accountant Berkshire

  • Drop off your invoices, bank statements, etc;
  • We do all the processing;
  • We can then easily prepare for you…
    • Management Accounts;
    • VAT Returns;
    • Key Performance Indicators;
    • End of Year Accounts;
    • Estimated Tax Liabilities as you go along so there’s no end of year surprises;
  • You pick up the records (neatly filed and organised!) and all the information we’ve agreed to provide you with.

It also makes it easy for us to handle any VAT inspections.

 

Accountant Berkshire Accountant Berkshire Accountant Berkshire – Annual Accounts Preparation

Do you need accurate accounts provided on time?

We can…

  • Prepare accounts to help in completion of self-assessment tax returns;
  • Produce financial statements for filing at Companies House and abbreviated accounts to ensure the minimum amount of your financial information is made public.

Accounts are prepared to agreed timescales and deadlines.

But we can do more than just report the history of what’s already happened…

  • Identify areas where we can assist in minimising your tax liability;
  • Identify areas of the business that give you the most opportunity to make improvements;
  • Use the accounts to help you measure where you are in meeting your goals and what actions you need to take.

We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.

 

 

Accountant Berkshire – Capital Gains Tax Planning

Capital Gains Tax (CGT) applies when chargeable assets are disposed of and is applicable to individuals and trustees but not to limited companies, although Limited Companies do pay Corporation Tax on the gains that they make.

How a Capital Gain occurs

A capital gain occurs when the value of an asset at the date it is disposed of is higher than when it was acquired. An asset can be disposed of either by sale or by gift. If you give away an asset away in an uncommercial transaction, the market value will replace any actual consideration paid.

For assets acquired before 31 March 1982 the cost usually taken to be the value on that day, although actual cost can be used in some circumstances.

The following also reduce the amount of the chargeable gain…

  • Incidental costs of acquisition;
  • Expenditure to enhance the value of the asset;
  • Incidental costs of disposal; and
  • Tax reliefs and allowances (see below).

Tax Reliefs

  • There are several different tax reliefs which can reduce the chargeable gain. We can review all the options and advise on the reliefs most applicable to your case. Many well known reliefs include…
  • Rollover/holdover relief on replacement of business assets
  • Business incorporation relief
  • Holdover gift relief
  • Entrepreneurs’ relief – for disposals after 5th April 2008.
  • Taper relief and Indexation allowance have ceased with effect from 6th April 2008

Filed : Accountant Berkshire