Accountancy and Audit Services

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We can help with the preparation of accounts for all forms of business - limited companies, sole traders, partnerships, limited liability partnerships and social enterprises.

We help directors and business proprietors to maximise their saving opportunities while fulfilling their legal obligations to Her Majesty’s Revenue and Customs (HMRC), Companies House and other regulatory bodies.

Our services include:

  • Training in the use of computer based packages such as Sage Line 50 to maintain your accounting records, prepare your VAT returns and the use of Sage Payroll to process your payroll.
  • Preparing the annual limited company accounts and reviewing them with you. Explaining their meaning and undertaking ratio analysis to alert you to any significant changes.
  • Undertaking a detailed review of the last three years of your business and presenting a graphical display of the changes that have occurred. We then make recommendations on the various trends which are likely to have a major impact.
  • Strategic planning to ensure profitable business growth which includes preparing profit and cashflow forecasts.
  • Providing a tax planning service to identify and minimise tax liabilities prior to the business year end.
  • Preparing corporation tax returns and notification of the tax liabilities well before the payment date in order to budget accordingly.
  • Preparation of abbreviated accounts for Companies House to ensure the least disclosure of information

Where Management Accounts are required in order to ensure profit maximisation and cost control, high quality information can allow business owners to react quickly and plan for the future.

Our services in this regard include:

  • Preparation of specific, periodic management accounts and information
  • Performance analysis and reports designed to enable business owners to make critical decisions that can be pivotal to business success

Where Limited Company Audit becomes a statutory requirement for your company, Directors must ensure that their annual accounts are properly prepared and audited in accordance with Audit Regulations. Ellis & Co will ensure that it is done in a timely and efficient manner.

Core services for Partnerships & Sole Traders

Existing Business

Once your business is trading successfully, experience has shown that the following core services can be invaluable to maximising the efficiency and profitability of both Sole Proprietors and Partnerships:

  • Training in the use of computer based packages such as Sage Line 50 to maintain your accounting records, prepare your VAT returns and the use of Sage Payroll to process your payroll.
  • Preparing the annual business accounts and reviewing them with you.
  • Explaining the meaning of the accounts and undertaking ratio analysis to alert you to any significant annual changes.
  • Undertaking a review of the last three years of your business and presenting a graphical display of the changes occurring, making recommendations on trends likely to have a major impact.
  • Strategic planning to ensure profitable business growth including the preparation of profit and cash flow forecasts.
  • Providing a tax planning service to identify and minimise tax liabilities prior to the business year end.
  • Preparing your self assessment tax return and notifying you of the liabilities well before the payment date to allow you to budget effectively.
  • Help you decide whether to change the trading status of the business to a limited company.

Business Sales, Acquisition and Success

  • Business acquisition advice.
  • Planning the sale of your business with particular reference to the commercial and tax implications.
  • Succession planning for the next generation by assessing any inheritance tax liability and arranging for its mitigation.

Additional Services

  • Payroll service, Sage Line 50
  • Financial services

Forensic Accounting

Thanks to specialist local knowledge Ellis & Co has successfully assisted businesses and assessors in resolving disputes professionally and efficiently. Our Forensic Accountancy expertise covers:

  • Commercial Litigation
  • Compulsory Purchase Compensation
  • Professional Negligence
  • Loss of Earnings
  • Business Valuation

 


Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk and at www.cro.ie/ena/online-services-auditor-search.aspx under reference number C003818330.

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