Limited Companies:

We welcome all small and medium-sized companies, as well as audit exempt companies. This is our biggest client base – small owner managed limited companies – so we know how to help in all areas. As a Chartered Certified firm of accountants you can rest assured the company accounts comply with all accounting standards and company law.

Sole Traders & Partnerships

We find that our clients particularly value our annual accounting review process. This is not only an essential part of the financial review and forward-planning process, but enables us to regularly assess our clients’  VAT, PAYE and other statutory obligations.

If you instruct us to prepare your annual accounts, we can relieve you of the worry of meeting filing deadlines, and ensure that late filing penalties are avoided. We also actively seek ways to save you tax when preparing your accounts.

A company’s management accounts are required to be up-to-date, accurate and delivered on time. The help a  businesses can get from quarterly management accounts in managing their business and future decisions is often invaluable.  Our philosophy is to give you as much useful information as we can, while delivering this at the lowest cost and minimal intrusion into your business.

If you wanted management accounts throughout the year, then we can provide this service and it may result in a saving in your annual accounts fee.

All companies must ensure that their tax return is submitted on time otherwise HM Revenue & Customs will issue a penalty for late submission.

To avoid any such penalties, we will prepare your accounts promptly, advise you of your tax liability, and ensure that you are aware of the amount due to HMRC, and the date it should be paid by. We will also be able to suggest ways of how to deal with your tax more efficiently.

Setting up a company can appear a complicated business. We don’t advise that you do this yourself as mistakes can be made. Our expert team can help with the formation of new companies. We can assist with ready-made off-the-shelf companies and LLPs also.

Our company formations package includes advice on incorporation, appointing directors and company secretaries, issuing shares and registering offices.

Our specialists can also offer guidance on opening accounts, registering for VAT and corporation tax, PAYE schemes, book-keeping and business plans. Plus, of course, we offer you a full tax review to make sure you retain the maximum amount of revenue.

If you work in the construction industry, then it’s vital to be able to manage your obligations under the Construction Industry Scheme (CIS) – or you face punitive fines.

The CIS is a set of rules dealing with handling the payments for construction work that contractors make to sub-contractors. The scheme covers all ‘construction operations’ carried out in the UK, as well as other related work. If your business is involved in construction operations, you might operate as a contractor or sub-contractor or as both.

There are strict filing deadlines when filing the monthly CIS returns to the Inland Revenue. Failure to comply with these will result in a fine, even if the deadline is missed by as little as one day.

Here at Corbett & Co we can relieve you from the stress of completing the returns and provide your sub-contractors with their monthly CIS deduction statements.

We are specialists within contractor accounting, with a wealth of experience in this area, we can provide an expert service to your business

Many taxpayers struggle to understand their self-assessment tax returns and fail to complete them correctly – or on time. Let us take the hassle away from you by submitting the return for you.

We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability. We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings.

Our low basic fee for a self assessment tax return is great value for a quality service.

We recommend all our clients join our tax investigation insurance scheme. Every year HMRC carries out enquiries into the tax affairs of an increasing number of individuals and businesses in the UK. Enquiries by HMRC can be random or targeted and they can range from a simple business records check to a full PAYE/VAT/TAX enquiry. These enquiries can be extremely stressful, disruptive and intrusive and very expensive. Our complete insurance policy will cover you for all aspects of an enquiry started by HMRC.

We offer fee protection insurance in conjunction with PFP Limited, a market leader in tax investigation insurance.

If your affairs are selected by HMRC for an enquiry, we can help you through the whole process.

The scope of VAT is huge. And the introduction of Making Tax Digital is complicating matters further. Corbett & Co can help you to minimise your VAT liability and recognise opportunities to create significant savings. We’re here to help you avoid the time involved in filing your VAT return and to make sure you avoid potential penalties and interest.

We provide an efficient cost-effective VAT service, which includes:

–  Assistance with VAT registration

–  Advice on VAT planning and administration

–  Use of the most appropriate scheme

–  VAT control and reconciliation

–  Help with completing VAT returns

–  Planning in order to minimise future problems with Customs and Excise

–  Negotiating with Customs and Excise in disputes and representing you at VAT tribunals

We provide a complete payroll service, so that you no longer need to worry about minimum wage regulations, PAYE, NI, SSP, SMP, or CIS. We will ensure you comply by providing you with a service that meets all of the legislation requirements you must meet

Setting it up is a quick and simple process which we do for you for free, you don’t have to worry about a thing.

We produce, print and post security sealed payslips to you in plenty of time and we send you a clear report showing exactly how much to pay each employee and how much is due to the HMRC for tax and NI. 

And whatever payroll cycle you use (weekly, fortnightly, four weekly or monthly), our great value fixed fees are fully inclusive. The services provided are:

– Initial consultation by phone or e-mail to see exactly what you need.

– Fast, efficient payroll processing  including reminders and swift calculations.

– payslips posted out to you first class, or electronic payslips sent by e-mail.

– Tailored reports sent with each payroll to show PAYE/NI liabilities, payroll by department etc.

– All tax forms relating to employee changes, P45, P46 etc. dealt with.

– All annual reports prepared and submitted on your behalf.

– Inland Revenue queries dealt with.

There are no additional charges and no setup fees. A qualified accountant is also on hand at all times to provide expert guidance, and answer any payroll-related questions you might have.

We can also deal with all of your obligations under the new Workplace Pension regulations and Auto Enrolment.

More and more people are investing in rental properties.

What many people do not realise is that if you decide to rent out a property, then it is imperative that you declare this rental income to HMRC via your personal tax return  – whether you make a profit or not.

New rules also mean calculating tax liabilities on rental properties are a very complex area. These tax rules also are being continually changed by the government. We are experts in this area with a broad array of clients in the property sector so we have the knowledge and expertise to deal with all property situations.

We offer a proficient and specialist financial service which takes care of all your bookkeeping and accounting needs, leaving you free to take care of the day-to-day running of the company.

We strive to give you complete peace of mind by working hard to develop a close business relationship with you, and to gain a full and complete understanding of your business, before we develop our bespoke service for your bookkeeping. This service includes the preparation of your annual accounts and management accounts. We use various accounting software such as Xero, Quick books, Sage, IRIS, Kashflow and so will choose which package would suit your business needs best.

We can assist with:

• Personal tax planning
• Benefits packages, remuneration planning, employment tax
• Corporation tax planning
• Partnership tax
• Trusts and estate (inheritance tax) planning
• Retirement planning and capital gains tax
• VAT planning and ‘health checks’
• HM Revenue & Customs investigations

Cash flows, forecasts and projections can be extremely difficult to compile as banks and lenders often require them to cover two or three years. We can prepare these, at a fixed price.

You have enough to think about when starting a new business, we can relieve some of the burden by preparing your Business Plan. Or we can help in other areas, such as dealing with HMRC, Companies House, arranging finance, providing references. Don’t try and do it alone!