Tiffin Green

Accountancy

We can relieve you and your business of a significant burden by taking care of all your accounting needs. This ranges from making use of our management accounting support services to the preparation of your annual accounts. We will treat every business individually so that we can tailor our approach to your requirements.

Top Line Accountancy & Bookkeeping Services will take care of your bookkeeping, VAT returns and maintenance of your VAT records. Top Line, a company with a strong track record in timely and accurate work, is based at our offices in Queens Road.

Payroll Services are delivered through Tiffin Green Ltd, click here for more information, we can also take on ad hoc projects to free up valuable time for your staff.

Our high level of IT literacy naturally improves our efficiency and allows us to help our clients' set-up their accounting systems to be efficient and effective. We are Sage Accountants Club Members and Quickbooks Professional Advisers.

Business Planning

Every business must plan ahead in order to ensure success, but it is too easy to succumb to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions, over/under capacity and inefficiency or missed opportunities.

Every business owner needs to invest time in developing a long-term plan, starting with what you want to achieve from your investment and what your reasons for being in business are, and then developing a plan to help achieve these objectives.

We are well placed to help you develop these plans and have a considerable pool of experience and expertise to draw on. The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan.

Business Start-Up

Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and helping you develop them into a feasible business.

We can also help you:

• decide on the most suitable structure for your business (i.e. sole trader, partnership or limited company)
• prepare a business plan, cash flow projections, budgets and trading forecasts to prove the financial viability of your ideas and demonstrate this to the bank / potential investors
• assess your finance requirements and access the most appropriate source of finance
• help you establish relationships with banks, solicitors, etc via our well established network of contacts
• carry out registration procedures with Companies House, Inland Revenue or Customs and Excise
• set up an internal accounting system which complies with statutory requirements

Business Valuation

One of our key objectives is to help our clients increase the value of their business. Each year we can carry out a valuation of your business.

We will produce a detailed report showing the current value of the business and ideas on how you can maximise its worth.

Company Secretarial

When running a hectic business you cannot afford to use valuable time making sure you are complying with the Companies Act. However you do need to be aware how this legislation affects your company and its directors. We can help by carrying out the company secretarial duties for you. Our services include:

• company formations
• preparation and filing of statutory returns
• preparation of all documentation (such as minutes and resolutions)
• maintenance of statutory books (share register, minute book, etc)
• general advice on company law

Financial Performance Review

We will carry out a financial performance review of your business. This will be in the form of a detailed report which includes:

• graphs and charts illustrating how your business has performed this year
• ratio analysis to highlight areas of strength and weakness
• detailed commentary advising you which areas of the business can be improved.

Management Accounts

The most important part of our compliance services is the preparation of periodic management accounts. Monitoring and controlling the financial performance of your business is of paramount importance and regular management information is vital to the continued success of your business. We can either carry out this function for you or help you set-up internal systems to generate the information.

We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits or to help your business grow.

Payroll

Running your own payroll can be time consuming and complicated, particularly with the ever-increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties.

We can prepare payrolls for businesses with 2 to 200 staff.

Our confidential and comprehensive service includes:

• computer generated payslips
• administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
• completion of statutory forms (including year end returns)
• summaries and analysis of staff costs
• administration of incentive schemes, bonuses and ex-gratia termination payments.

Outsourcing your payroll is a strategic decision. Ask yourself - Is your company able to do the calculations and deal with the details of the payroll with almost 100% accuracy, timeliness and compliance to tax, law and government legislation?

Even if you only have a few employees, you will make savings by engaging us to administer your payroll.

Statutory Accounts and Audit

If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts and filing them with Companies House for you.

If you are a limited company and your annual turnover is in excess of £5.6 million then it is a legal requirement to have your annual statutory accounts audited. Even if your turnover is below £5.6 million then there could be occasions when you are still legally required to have an audit. You can also have an annual audit voluntarily.

Our approach to an audit assignment is not based purely on helping a business fulfill its statutory obligations. An audit gives us an ideal opportunity look inside a business to see what makes it tick. We can then use this knowledge to work with the Company's management team to help them get the most out of their business.

Taxation

Personal Tax

In 1996/97 self-assessment was introduced to help ease the burden for unincorporated businesses. If anything, it has actually added to their burden. We can help to relieve you of this by preparing your annual self-assessment tax return.

We are also able to prepare capital gains tax computations and inheritance tax computations for you. At Tiffin Green we also have expertise in setting up trusts.

A key service we offer to clients is tax advice and tax planning, aimed at mitigating your future tax liabilities to achieve tax savings.

When you're considering your future retirement, consult with Tiffin Green, we can discuss the options and assist with your Retirement Planning.

Corporate & Business tax

This tax represents a substantial cost to any profitable business, not only in terms of the tax itself but also in compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance.

As Chartered Certified Accountants, we can help you minimise your corporation tax payments and relieve you of any administrative burden of complying with tax legislation. We will deal with all business tax matters, including preparing income tax and /or corporation tax computations and preparing and submitting your partnership tax return or corporation tax self-assessment return.

Please note we also offer Fee Protection insurance to cover the professional fees for representation during an investigation or dispute with HM Revenue & Customs. Such incidents are not only distressing and disruptive; they can also notch up fee and be very expensive.

Accounting Systems

Offering advice, implementation and training on Sage and Quickbooks accountancy software. As members of the Sage Accountants Club, we can provide the complete service for Sage Line 50 with unlimited support calls and we're Quickbooks ProAdvisers as recommended on their website. Web site development, e-commerce and IT strategy discussions may be arranged through our network of consultants.

Financial Services

Offering advice on Wealth Protection, Retirement Planning, Savings & Investments and Inheritance Tax Planning.

Financial wellbeing is a very important aspect of life, which means major financial decisions call for specialist advice. Almost everyone has some form of financial need: to save money, to make money or to improve his or her overall financial position.

Products will only be recommended that suit your requirements and circumstances in the following areas:

• Protection - Consider how you or your family would cope financially if you couldn't work due to serious illness? What would happen to your family's financial security if you died? How well would the business cope if one of its key members died or became ill?
  Protection advice includes providing a lump sum or income, cover for debts and protecting your income.
• Retirement Planning - How are you going to maintain your standard of living in 10 or 20 years time? Advice to ensure you make adequate pension provisions and take full advantage of all available tax breaks
• Savings & Investments - Are you looking for a better return on your money? Or maybe you're planning and saving for a future event?
  All risk levels can be catered for when recommending saving and investment products.
• Inheritance Tax Planning - Most people are unhappy with the idea of the taxman taking 40% of their money. Effective planning ensures that the people important to you can benefit from your wealth, it doesn't necessarily meanyou have to give your money or assets away right now.
• Planning for Long Term Care Needs - A consideration for elderly clients, or clients with elderly parents/dependants.
• Equity Release - This can be arranged when clients need to release capital or income from their home.

Consulting/Business Development Services

Offers strategic planning facilitation to stimulate business growth. Specifically designed for entrepreneurial business owners to provide an innovative approach to structuring your planning, focusing on the right questions to identify the key drivers of your business to unlock the potential for greater profitability.

Fee Protection Insurance

We offer a client decide insurance policy against accounting fees associated with Inland Revenue, DSS and VAT investigations.