Call Us Today on 07540 945961 (mobile)

or 01792 446262 (office)

or 01792 202038 (home)

Email: enquiries@jameswestacott.co.uk

Call Us Today on 07540 945961

or 01792 202 038
Email: enquiries@jameswestacott.co.uk

Accounts preparation

We prepare accounts for all types of businesses (sole traders, partnerships and limited companies). For limited companies we prepare the accounts (and abbreviated accounts) and take care of all the filing requirements with Companies House and HMRC.

Find out more >>



Tax returns & planning

We complete tax returns for all types of clients (individuals, sole traders, partnerships and limited companies). We always seek to minimise the tax charge by claiming all allowances that you are entitled to and giving expert advice on tax planning strategies.

Find out more >>



Credit Control

Customers not paying your bills? Let us help. We are skilled credit controllers, using diplomacy and assertiveness in order to get your money back.

Find out more >>



Tax, PAYE and VAT inspections

We know it's a hassle submitting your VAT, but there are penalties if it's not done on time. Just give us the information and we can take care of the preparation and submission on your behalf.

Find out more >>



Payroll and bookkeeping

Let us manage your payroll. We can register you as an employer, produce payslips,calculate the PAYE/NI, holiday entitlement, sick pay and everything else.

Find out more >>

Management accounts & cash flows

We can prepare management accounts to show you how your business is performing against key metrics and suggest areas for improvement. Let us review your cash flow so your business doesn't fail due to poor cash management.

Find out more >>

Business and financial advice

We can prepare management accounts to show you how your business is performing against key metrics and suggest areas for improvement. Let us review your cash flow so your business doesn't fail due to poor cash management.

Find out more >>

VAT returns submission

We know it's a hassle submitting your VAT, but there are penalties if it's not done on time. Just give us the information and we can take care of the preparation and submission on your behalf.

Find out more >>

Business plans, grant & finance

Whether you have a large, medium or small business, we pride ourselves on offering first class service at a competitive rate. We guarantee to meet all deadlines and promise to beat any like-for-like quotes.

Find out more >>

Company secretarial services

We are experts in company formation, annual returns, directors forms and all the other filing requirements.

Find out more >>

  • Inflation is due to fall to 0.2% this year. In December it was forecast to be 1.2% this year.
  • The Class 2 national insurance contributions for the self-employed to be abolished.
  • Corporation tax will fall to 20% from April 2015.
  • The tax-free personal allowance to rise from £10,600 in 2015-16 to £10,800 in 2016-17 and £11,000 in 2017-18.
  • The 40p income tax to rise by above inflation from £42,385 in 2014-15 to £43,300 in 2017-18.
  • Starting next year, paper tax returns will be scrapped and replaced with digital accounts.
  • Duty on cider and spirits will be cut by 2% and wine duty will be frozen.
  • Duty on tobacco will remain at 2% above inflation increase.
  • Fuel duty scheduled increase has been cancelled, which is said to equate to £10 of the price of a tank of fuel.
  • Abolition of VAT on the Severn Bridge tolls and the Category 2 for small vans and buses. Osborne declares tolls will be cut to £5.40 in 2018.
  • Petroleum Revenue Tax (PRT) will be cut from 50% to 35% to support continued production in older fields
  • Annual savings limit for ISA increased to £15,240 and will allow savers to withdraw money and put it back later in the year without losing any of their tax-free allowance.
  • A “Help to buy ISA” will be launched which allows first-time buyers to top up by £50 for every £200 saved for a deposit.
  • Pension pot lifetime allowance to be reduced from £1.25m to £1m from next year, saving £600m annually.
  • Annual bank levy to rise to 0.21% raising an additional £900m a year. Banks to be barred from deducting compensation for mis-selling from corporation tax
  • The UK government was opening negotiations over a £1bn tidal lagoon scheme in Swansea, generating power to run 120,000 homes for 120 years.
  • Osborne announced a levy on the sale of buildings or land, causing a cut in the rate of tax for 98% of house purchases, while raising money from those buying the most expensive homes.
  • Homebuyers will only pay the rate of tax on the part of the property price within each tax band – like income tax.
Accountancy Services
TEN TAX TIPS FOR BUSINESSES!  Click HERE for your FREE guide
R&D TAX RELIEF – DON’T MISS OUT ON CLAIMING THIS!

If your business is a limited company, and you carry out a ‘trade related project’ that will achieve ‘an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty’, then you can almost certainly claim R&D tax relief.

You can reduce the company’s corporation tax bill, or if the company is making losses, get cash back from HMRC.

We can submit these claims for you, so please give us a ring to see if you qualify.

Capital Grants and Employee Funding

There are grants and funding available for small businesses (including sole traders and partnerships) at the moment, funded by the Welsh Assembly, local authorities/regions and Job Centre Plus. There are two main types:

1. Capital grants – matched funding (usually up to 50%) for plant and machinery, building improvements, etc, possibly up to £100,000 in value

2. Employee funding – financial incentives to take on new employees (usually young people or those out of work for several months), comprising all or part of wages plus NI paid, often for a period of 6 months to several years

If your business is expanding and you plan to invest in machinery or take on new staff, it is worthwhile giving us a ring to talk through the funding and incentives available.

back to top