In almost 50 years of running Hughes Spencer, we’ve found that a personal approach is always best. We take time to get to know our clients properly, and tailor our services to suit them.
We have always stayed ahead of changing technology, striving to make accounting more understandable, accurate and future-proof.
We deal with the preparation and filing of various accounts including Limited Companies, LLP’s, sole trader and partnerships in line with current accounting standards. We will advise you of the statutory deadlines and ensure that all paperwork is filed in a timely manner.
We prepare management accounts for your specific needs whether they are monthly, quarterly or 6 monthly. Management accounts enable you to keep a close eye on how your business is performing and can assist you in the making of business decisions. We also provide our expert knowledge to analyse the figures and give you guidance.
Bookkeeping / Making Tax Digital
We advise on the best bookkeeping system to use for your business and can provide services at your premises if needed. We work with cloud based software which enables users to log in from any location making bookkeeping easier then ever. We can advise you on the timescale for the implementation of Making Tax Digital, and the appropriate software to use in your Business.
We keep your records up to date so you can obtain key information instantly. We can also prepare and submit VAT returns.
Hughes Spencer Ltd is a Certified Xero partner. We have experts in the use of Sage, Quickbooks and Xero software.
Payroll and Auto-enrolment
We provide payroll services weekly or monthly to suit your business needs. We file the relevant submissions online including weekly, monthly and end of year and provide payslips and other statutory forms.
We can setup and maintain your Auto-enrolment pension scheme, and upload the weekly or monthly contribution schedules to your pension provider.
We also prepare CIS and P11D returns.
We complete Self Assessment Tax Returns for individuals, and advise on the dates and amounts of Income Tax payable. We are pro-active to make Clients aware of the filing deadlines to ensure that no late filing penalties are incurred.
We can advise on the most Tax efficient way of structuring a business, whether it is a Sole Trader, Partnership or a Limited Company. We also advise on Exit Strategies for Clients wanting to sell their business, or Restructure it for a potential retirement or in the case of a divorce.
We can advise Clients on the most Tax efficient way to extract profit from their business, and also advise on Inheritance tax issues involving Gifts.
Managed Property Service Charge Accounts
We prepare Service Charge Accounts for domestic and commercial Clients, and prepare reconciliations of the monies that are due back to the Tenants at the end of each year.
We also prepare the Financial Accounts of those Clients that are Limited Companies.
Company Formations and Start Ups
We provide tailored advice on the best set up for your start up.
We aim to get your new company formed quickly. We can provide a same day formation service and take care of all the other registrations needed including set up of payroll schemes and VAT registrations if applicable.
We prepare and file confirmation statements, keep an up to date PSC register and complete any adhoc forms on behalf of your company including share transfers, change of directors and change of registered office.
We can also provide our address as your registered office and service address.
We provide services for charities including independent examination and audit.
We can prepare and submit your Trust’s Tax Return and file this online with HMRC.
Stuart Mitchell, Owner of Holloway, Iliffe & Mitchell
Adam Taylor, Owner of Polly
Trevor Mc Ardle, Owner of Cage Cricket
Duncan Mason, Owner of DM Building & Restoration
From April 2019, tax is going digital. There's new technology, and a new quarterly submissions process.
But don't worry, we're already up to speed with every detail, and can walk you through every step, before and after the deadline. Get in touch for a free consultation.
Come say hi!