25/02/2015
Backtaxesuk are accountants who have been based in London since 2012. We offer a wealth of experience in accountancy management for both UK and overseas based businesses.
The practice is under the leadership of Babalola Fakolujo a qualified member of ACCA and a fellow member of iab , in addition to handling personal accounts, has a team of experienced accountants who use their skills and the latest computer software to improve speed and efficiency.
We aim to take the initiative and keep clients informed in advance so that effective business plans can be developed. We work closely with clients and keep in regular communication
Accountancy
Either from your own records, or those maintained by Backtaxesuk if required, our team of accountants prepare Annual Accounts, which are the record of your business dealings, and are used to calculate your tax liability. We prepare accounts for all types of organisations including:
Sole Traders
Partnerships
Limited Companies
Business Tax Returns
Sole traders and partnerships are required to prepare tax returns under existing Self-Assessment legislation.
The figures from the annual accounts are summarised on the business tax return which we complete on your behalf.
Annual Accounts Preparation
We aim to produce accounts without delays enabling you to:
assess accurate business performance make informed decisions
manage the business more effectively
provide appropriately produced accounts for interested third parties (eg the banks)
plan for the future – tax liabilities can be calculated in advance.
Self-Assessment
Self-Assessment is the current Inland Revenue method of establishing tax liabilities for the individual or for business partnership.
How can Backtaxesuk help?
Backtaxesuk can:
prepare your self-assessment tax return
ensure your tax liability is calculated accurately
advise you in advance
enabling you to make adequate provision by tax payment dates
Business Tax Planning Revenue Enquiries
Business Tax Planning
Business Tax Planning enables you to arrange your business affairs in the most tax efficient manner. How can Backtaxesuk help?
Backtaxesuk can give specific consultancy and recommendations on:
Capital Gains Tax
Income Tax
Capital Expenditure
Choice of Trading Entity
Compliance
Revenue Enquiries
Enquiries are made by an Inspector of taxes who reviews tax returns.
Enquiry cases are selected either at random or by screening.
They can also be instigated by information received from third parties.
How can Backtaxesuk help?
Backtaxesuk can use its experience to help and advise throughout the enquiry.
Fee Protection Insurance is available to enable you to claim on a specific insurance policy the cost of accountancy fees incurred in such an enquiry.
The outcome of Revenue Enquiries can be an additional tax liability together with the imposition of interest and penalties. This is usually the subject of a negotiated settlement with which we can assist.
Business Services
We provide services ranging from a complete bookkeeping service where we effectively become your accounts department, to completing your VAT return from your own records. One of our accountants will be happy to discuss your requirements with you
Set up & Run Accounts System
Using the latest technology and qualified and experienced staff, we can maintain all your accounting records.
This removes the need for you to invest in costly IT equipment and software and the suitably qualified staff needed to run systems effectively. It frees office space for more productive purposes and enables your staff to do their own job more efficiently.
Payroll / Salaries
Legislation for payroll and salaries is complex and continually changing, which makes the maintenance of Accurate Payroll records essential.
We at Backtaxesuk can reliably maintain your payroll records. Using the latest technology and qualified experienced staff we produce all the necessary reports and can arrange for the payments to your employees by BACS transfer if required.
Backtaxesuk unit M6 245a Coldharbour Lane Brixton London SW98RR tel no + 442035407277, +447956338806
