Efficient Tax Planning
At Astral, we are experts in maximizing your tax benefits while ensuring compliance with all regulations. Our dedicated team of tax professionals is committed to helping you navigate the complex world of taxes with ease.
With our comprehensive tax planning services, we take a proactive approach to minimize your tax liabilities and maximize your savings. We dive deep into your financial situation, meticulously analyzing your income, expenses, and investments to identify potential tax-saving opportunities. Our goal is to optimize your tax strategy, allowing you to keep more of your hard-earned money.
We stay up to date with the latest tax laws and regulations, continuously monitoring changes that could impact your financial situation. This ensures that our tax planning strategies are always aligned with the current tax landscape, maximizing your benefits while remaining fully compliant.
Our personalized approach sets us apart. We understand that every client is unique, with specific financial goals and circumstances. That’s why we tailor our tax planning strategies to your individual needs. Whether you’re a small business owner, a freelancer, or an individual taxpayer, we have the expertise and experience to provide customized solutions that work for you.
Efficient tax planning is not just about reducing your tax burden—it’s about securing your financial future. By working with us, you gain peace of mind knowing that your taxes are in expert hands. You can focus on what you do best while we handle the complexities of tax planning.
Ready to take control of your taxes and unlock the full potential of your financial resources?
Contact Astral today and let us show you how our efficient tax planning services can make a meaningful difference in your financial well-being. Together, we’ll pave the way to a brighter and more prosperous future.
Payroll and workplace setup
Running payroll has become increasingly complex and time-consuming, especially with the new RTI regulations. Timely and accurate payroll processing is crucial to avoid costly penalties. Our payroll service offers a reliable and cost-effective solution, handling various tasks such as payslip production, distribution, monthly summaries, and departmental reports.
We also
Manage new hires and leavers.
Analyze staff costs.
Handle PAYE returns.
Assist with automated payment setup for employees.
We take care of important documentation, including the Employer Annual Return P35, employee summary P60s and P14s, as well as P11D and P9D benefit and expenses returns.
Auto-enrolment represents a significant change in workplace pensions, ensuring employees save for retirement. As pension specialists, we provide guidance and support to establish an auto-enrolment scheme that meets regulatory requirements and aligns with your organization’s needs. We conduct an initial consultation, assessing the financial and administrative impact, and prepare a customized report. Our financial planners then research and recommend a suitable scheme for compliance. We offer comprehensive assistance throughout the implementation process, streamlining the integration of the scheme structure.
Choose our services to simplify payroll, navigate auto-enrolment, and optimize your tax obligations. Contact us today to experience the advantages of our efficient and reliable solutions.
Accounts and Corporation Tax Returns
Our commitment to accounting excellence goes beyond merely completing accounts. We take pride in understanding your vision and business goals, tailoring our services to your specific needs. Our knowledgeable team provides clear and accessible advice, offering valuable support to your business.
In today’s challenging business landscape, timely and accurate accounting advice is crucial. Despite being a smaller firm, our accountants possess the expertise and business support services typically associated with larger accounting firms. We strive to meet and exceed your expectations by delivering competent accountancy support and a professional service. With us taking care of your finances, you can focus on what makes your business successful, knowing that you have dedicated accountants looking after your interests.
When it comes to corporation tax, as a limited company, you have a legal obligation to pay tax on your profits. Compliance with corporate tax regulations is essential, and we are here to provide the necessary accountancy support to ensure accuracy and adherence.
Our experienced corporation tax accountants will efficiently prepare your company accounts and tax returns, ensuring compliance and minimizing your tax liability by applying eligible allowances and deductions. From registering your business with HMRC and Companies House to determining tax liabilities, advising on payment deadlines, and filing tax returns, we handle every aspect with precision.
Staying updated with the latest tax legislation and thresholds is part of our service, as we aim to keep you informed and empowered. With our expertise and comprehensive range of services, you can trust us to meet your corporation tax obligations efficiently and effectively.
Regular Progress Meetings and Suggestions
We understand that you may not be very well aware of all the accounting terminologies and looking at documents might feel like your understanding circuits are taking a coffee break and left you hanging.
Not to worry, we go beyond the traditional client-accountant dynamic by offering regular progress meetings and valuable suggestions to help you thrive.
Our regular progress meetings are more than just routine check-ins. They are dedicated sessions where we sit down with you to discuss your financial goals, challenges, and opportunities. We take the time to understand your business on a deeper level, allowing us to provide tailored advice and guidance that truly makes a difference.
During these meetings, we not only review your financial statements and reports but also delve into the nuances of your business operations. We listen attentively to your concerns and aspirations, analyzing the data and offering valuable insights that can enhance your financial performance.
Our goal is to help you make informed decisions that drive growth, profitability, and long-term success.
With our regular progress meetings, you can expect open and transparent communication. We believe in fostering a collaborative environment where you feel comfortable sharing your ideas and asking questions. We encourage active participation from our clients, as we value your input and insights. Together, we can explore innovative solutions, troubleshoot challenges, and seize opportunities that arise.
At Astral Group, we understand that each client is unique, with distinct goals and aspirations. That’s why our approach is highly personalized. We tailor our suggestions to your specific circumstances, considering your industry, business size, and long-term objectives. Whether it’s identifying cost-saving measures, exploring new revenue streams, or implementing tax-efficient strategies, we are dedicated to helping you achieve your goals.
When you choose us, you gain more than just an accountant – you gain a trusted partner invested in your success. Our regular progress meetings and valuable suggestions are part of our commitment to delivering exceptional client service. We are here to support you every step of the way, providing guidance, expertise, and actionable insights to drive your business forward.
Monthly Management Accounts
Management accounts aren’t obligatory! However, if you’re serious about propelling your business towards growth and expansion, they play a vital role in achieving that.
Why, you ask? Well, management accounts provide:
Analysis to assess your business’s performance.
Figures to gauge the financial well-being of your organization, aiding budgeting and investment decisions.
Without them, accurately measuring your progress would be nearly impossible. Consequently, making informed choices regarding your organization’s funding requirements would be a struggle.
What should be included in management accounts?
This varies depending on your business’s life cycle stage, industry, and the objectives set by the owners/directors. Typically, management accounts encompass:
Key performance indicators.
Profit and loss statement.
Cash position.
Balance sheet.
How frequently should management accounts be prepared?
Management accounts are generally compiled regularly and consistently to ensure that business owners or management teams can effectively monitor their progress. Although there are no strict rules, they are typically produced on a monthly or quarterly basis.
Keep in mind that your reports will be most effective when tailored to your specific business. This means focusing on what matters most to you as the owner or manager.
Vat Returns and Advice
VAT SERVICES FOR BUSINESSES ACROSS THE UK
Value Added Tax (VAT) can be a complex and impactful tax for businesses in the UK. It is a tax charged on products or services whenever value is added during production or at the point of sale. We understand the intricacies of VAT and offer a range of services to meet your VAT filing, reporting, and advisory needs.
VAT Reporting and VAT Returns
Our VAT accounting services are designed to add value to your business. We provide detailed VAT reports with proper explanations for you to understand these reports.
Understanding VAT and VAT Registration
VAT is a tax that businesses must pay when purchasing goods or services. If your business has a turnover exceeding £85,000, it needs to register for VAT, collect VAT on its products or services, and file quarterly returns with HMRC. Failure to comply with VAT requirements may result in penalties.
The VAT Registration Number for Your Business
Once registered for VAT, your business will receive a unique nine-digit registration number from the UK government, typically starting with GB. This number can be found on your registration certificate, which also includes information about your first VAT return due date and the registration threshold your business crossed.
Finding the Deadline for Your VAT Payments
To find out the deadline for your VAT payments and returns, you can access your VAT online account through the Government gateway. Your online account will provide information about the due date for your VAT returns and when you need to make the payment to HMRC. Typically, the submission and payment deadlines occur one month and seven days after the end of your accounting period.
How VAT Works
VAT reporting is required on a monthly, quarterly, or annual basis, depending on your business. The VAT return summarizes the VAT received on sales and the VAT spent on purchases during a specific period. If the collected amount is higher than the VAT spent, you pay the difference to HMRC, and if the VAT spent was greater, HMRC reimburses you.
MTD for VAT
Making Tax Digital (MTD) has transformed the way UK businesses handle their taxes, including VAT. VAT-registered companies now need to maintain digital records and submit their VAT returns digitally under the MTD program. We use MTD-approved software like Xero and QuickBooks to handle your VAT returns efficiently and provide guidance and support whenever you need it.
Self Assesment Tax Returns
If you’re self-employed or a business owner, it’s important to understand that taxes are not always automatically deducted from your income. To ensure the correct amount of tax is collected from you, you need to complete an online self-assessment tax return. However, many people struggle with this process, either by missing deadlines or making errors on the form, which can lead to penalties from HMRC.
Self-Assessment applies to:
Self-employed people including business partners
Company Directors
Individuals with more complicated tax affairs including those who pay higher rate tax
Pensioners with more complex tax affairs
People who receive rent or other income from land and property in the UK
Non-resident company landlords
Astral can streamline the entire process with the help of our tax experts. They can assist you in getting your tax affairs in order and accurately complete your self-assessment in a tax-efficient manner.
Working with us is easy. We follow simple steps to ensure that your self-assessments are prepared quickly, accurately, and in a tax-efficient manner.
Your tax return goes through thorough checks and multiple reviews to ensure all possible reliefs are claimed and the return is prepared to the highest standard.
Once you approve your tax return for submission, we will ensure it is filed on time. We will also provide guidance on next steps and address any potential future concerns.
Business Growth and Support
Our business advisory services provide comprehensive support to businesses, helping them navigate challenges, seize opportunities, and achieve long-term success. Through strategic planning, financial analysis, operational improvements, and customized solutions, we offer valuable insights and guidance to optimize business performance and drive growth in a competitive marketplace.
Business Support Services We Offer:
1. SEIS/EIS Application with Advance assurance
2. R&D Tax Credits
3. Registered Office Address
4. Accounts Receivables Assistance
5. Supplier Payments and reporting
In today’s digital era, starting a business has become easier, but facing fierce competition and earning clients’ trust has become increasingly challenging. To stay competitive and adapt to the changing industry landscape, it’s essential to seek guidance from an experienced advisory firm. As a leading business advisory services provider, we understand these struggles and have developed strategic growth initiatives to help businesses thrive.
Company Secretrial Services
Tailoring our company secretarial services to your specific needs, we ensure compliance with local regulations. Managing legal entity administration can be challenging, especially as businesses grow. Our aim is to help you avoid compliance defaults and meet filing deadlines, reducing costs and mitigating the risk of prosecution.
We handle company formation, including registration and necessary documentation. As your accountants, we can provide registered office facilities, promptly managing your important mail.
Informing the Register of Companies about changes in directors and company secretaries is essential, and we take care of the necessary paperwork. If amendments to the memorandum and articles of association are needed, we draft resolutions, file copies, and update statutory books. Our research team can conduct company searches, accessing information databases and filing records at Companies House. When restructuring share capital, we guide you through the process and submit the required paperwork to the Register of Companies.
Efficient Tax Planning
At Astral, we are experts in maximizing your tax benefits while ensuring compliance with all regulations. Our dedicated team of tax professionals is committed to helping you navigate the complex world of taxes with ease.With our comprehensive tax planning services, we take a proactive approach to minimize your tax liabilities and maximize your savings. We dive deep into your financial situation, meticulously analyzing your income, expenses, and investments to identify potential tax-saving opportunities. Our goal is to optimize your tax strategy, allowing you to keep more of your hard-earned money.
We stay up to date with the latest tax laws and regulations, continuously monitoring changes that could impact your financial situation. This ensures that our tax planning strategies are always aligned with the current tax landscape, maximizing your benefits while remaining fully compliant.
Our personalized approach sets us apart. We understand that every client is unique, with specific financial goals and circumstances. That’s why we tailor our tax planning strategies to your individual needs. Whether you’re a small business owner, a freelancer, or an individual taxpayer, we have the expertise and experience to provide customized solutions that work for you.
Efficient tax planning is not just about reducing your tax burden—it’s about securing your financial future. By working with us, you gain peace of mind knowing that your taxes are in expert hands. You can focus on what you do best while we handle the complexities of tax planning.
Ready to take control of your taxes and unlock the full potential of your financial resources? Contact Astral today and let us show you how our efficient tax planning services can make a meaningful difference in your financial well-being. Together, we’ll pave the way to a brighter and more prosperous future.
Payroll and workplace setup
Running payroll has become increasingly complex and time-consuming, especially with the new RTI regulations. Timely and accurate payroll processing is crucial to avoid costly penalties. Our payroll service offers a reliable and cost-effective solution, handling various tasks such as payslip production, distribution, monthly summaries, and departmental reports.
We also
Manage new hires and leavers.
Analyze staff costs.
Handle PAYE returns.
Assist with automated payment setup for employees.
We take care of important documentation, including the Employer Annual Return P35, employee summary P60s and P14s, as well as P11D and P9D benefit and expenses returns.
Auto-enrolment represents a significant change in workplace pensions, ensuring employees save for retirement. As pension specialists, we provide guidance and support to establish an auto-enrolment scheme that meets regulatory requirements and aligns with your organization’s needs. We conduct an initial consultation, assessing the financial and administrative impact, and prepare a customized report. Our financial planners then research and recommend a suitable scheme for compliance. We offer comprehensive assistance throughout the implementation process, streamlining the integration of the scheme structure.
Choose our services to simplify payroll, navigate auto-enrolment, and optimize your tax obligations. Contact us today to experience the advantages of our efficient and reliable solutions.
Accounts and Corporation Tax Returns
Our commitment to accounting excellence goes beyond merely completing accounts. We take pride in understanding your vision and business goals, tailoring our services to your specific needs. Our knowledgeable team provides clear and accessible advice, offering valuable support to your business.In today’s challenging business landscape, timely and accurate accounting advice is crucial. Despite being a smaller firm, our accountants possess the expertise and business support services typically associated with larger accounting firms. We strive to meet and exceed your expectations by delivering competent accountancy support and a professional service. With us taking care of your finances, you can focus on what makes your business successful, knowing that you have dedicated accountants looking after your interests.
When it comes to corporation tax, as a limited company, you have a legal obligation to pay tax on your profits. Compliance with corporate tax regulations is essential, and we are here to provide the necessary accountancy support to ensure accuracy and adherence.
Our experienced corporation tax accountants will efficiently prepare your company accounts and tax returns, ensuring compliance and minimizing your tax liability by applying eligible allowances and deductions. From registering your business with HMRC and Companies House to determining tax liabilities, advising on payment deadlines, and filing tax returns, we handle every aspect with precision.
Staying updated with the latest tax legislation and thresholds is part of our service, as we aim to keep you informed and empowered. With our expertise and comprehensive range of services, you can trust us to meet your corporation tax obligations efficiently and effectively.
Regular Progress Meetings and Suggestions
We understand that you may not be very well aware of all the accounting terminologies and looking at documents might feel like your understanding circuits are taking a coffee break and left you hanging. Not to worry, we go beyond the traditional client-accountant dynamic by offering regular progress meetings and valuable suggestions to help you thrive.Our regular progress meetings are more than just routine check-ins. They are dedicated sessions where we sit down with you to discuss your financial goals, challenges, and opportunities. We take the time to understand your business on a deeper level, allowing us to provide tailored advice and guidance that truly makes a difference.
During these meetings, we not only review your financial statements and reports but also delve into the nuances of your business operations. We listen attentively to your concerns and aspirations, analyzing the data and offering valuable insights that can enhance your financial performance.
Our goal is to help you make informed decisions that drive growth, profitability, and long-term success. With our regular progress meetings, you can expect open and transparent communication. We believe in fostering a collaborative environment where you feel comfortable sharing your ideas and asking questions. We encourage active participation from our clients, as we value your input and insights. Together, we can explore innovative solutions, troubleshoot challenges, and seize opportunities that arise.
At Astral Group, we understand that each client is unique, with distinct goals and aspirations. That’s why our approach is highly personalized. We tailor our suggestions to your specific circumstances, considering your industry, business size, and long-term objectives. Whether it’s identifying cost-saving measures, exploring new revenue streams, or implementing tax-efficient strategies, we are dedicated to helping you achieve your goals.
When you choose us, you gain more than just an accountant – you gain a trusted partner invested in your success. Our regular progress meetings and valuable suggestions are part of our commitment to delivering exceptional client service. We are here to support you every step of the way, providing guidance, expertise, and actionable insights to drive your business forward.
Monthly Management Accounts
Management accounts aren’t obligatory! However, if you’re serious about propelling your business towards growth and expansion, they play a vital role in achieving that.
Why, you ask? Well, management accounts provide:
Analysis to assess your business’s performance.
Figures to gauge the financial well-being of your organization, aiding budgeting and investment decisions.
Without them, accurately measuring your progress would be nearly impossible. Consequently, making informed choices regarding your organization’s funding requirements would be a struggle.
What should be included in management accounts?
This varies depending on your business’s life cycle stage, industry, and the objectives set by the owners/directors. Typically, management accounts encompass:
Key performance indicators.
Profit and loss statement.
Cash position.
Balance sheet.
How frequently should management accounts be prepared?
Management accounts are generally compiled regularly and consistently to ensure that business owners or management teams can effectively monitor their progress. Although there are no strict rules, they are typically produced on a monthly or quarterly basis.
Keep in mind that your reports will be most effective when tailored to your specific business. This means focusing on what matters most to you as the owner or manager.
Vat Returns and Advice
VAT SERVICES FOR BUSINESSES ACROSS THE UK
Value Added Tax (VAT) can be a complex and impactful tax for businesses in the UK. It is a tax charged on products or services whenever value is added during production or at the point of sale. We understand the intricacies of VAT and offer a range of services to meet your VAT filing, reporting, and advisory needs.VAT Reporting and VAT Returns
Our VAT accounting services are designed to add value to your business. We provide detailed VAT reports with proper explanations for you to understand these reports.Understanding VAT and VAT Registration
VAT is a tax that businesses must pay when purchasing goods or services. If your business has a turnover exceeding £85,000, it needs to register for VAT, collect VAT on its products or services, and file quarterly returns with HMRC. Failure to comply with VAT requirements may result in penalties.The VAT Registration Number for Your Business
Once registered for VAT, your business will receive a unique nine-digit registration number from the UK government, typically starting with GB.This number can be found on your registration certificate, which also includes information about your first VAT return due date and the registration threshold your business crossed.
Finding the Deadline for Your VAT Payments
To find out the deadline for your VAT payments and returns, you can access your VAT online account through the Government gateway. Your online account will provide information about the due date for your VAT returns and when you need to make the payment to HMRC. Typically, the submission and payment deadlines occur one month and seven days after the end of your accounting period.How VAT Works
VAT reporting is required on a monthly, quarterly, or annual basis, depending on your business. The VAT return summarizes the VAT received on sales and the VAT spent on purchases during a specific period. If the collected amount is higher than the VAT spent, you pay the difference to HMRC, and if the VAT spent was greater, HMRC reimburses you.MTD for VAT
Making Tax Digital (MTD) has transformed the way UK businesses handle their taxes, including VAT. VAT-registered companies now need to maintain digital records and submit their VAT returns digitally under the MTD program. We use MTD-approved software like Xero and QuickBooks to handle your VAT returns efficiently and provide guidance and support whenever you need it.
Self Assesment Tax Returns
If you’re self-employed or a business owner, it’s important to understand that taxes are not always automatically deducted from your income. To ensure the correct amount of tax is collected from you, you need to complete an online self-assessment tax return. However, many people struggle with this process, either by missing deadlines or making errors on the form, which can lead to penalties from HMRC.
Self-Assessment applies to:
Self-employed people including business partners
Company Directors
Individuals with more complicated tax affairs including those who pay higher rate tax
Pensioners with more complex tax affairs
People who receive rent or other income from land and property in the UK
Non-resident company landlords
Astral can streamline the entire process with the help of our tax experts. They can assist you in getting your tax affairs in order and accurately complete your self-assessment in a tax-efficient manner.
Working with us is easy. We follow simple steps to ensure that your self-assessments are prepared quickly, accurately, and in a tax-efficient manner.
Your tax return goes through thorough checks and multiple reviews to ensure all possible reliefs are claimed and the return is prepared to the highest standard.
Once you approve your tax return for submission, we will ensure it is filed on time. We will also provide guidance on next steps and address any potential future concerns.
Business Growth and Support
Our business advisory services provide comprehensive support to businesses, helping them navigate challenges, seize opportunities, and achieve long-term success. Through strategic planning, financial analysis, operational improvements, and customized solutions, we offer valuable insights and guidance to optimize business performance and drive growth in a competitive marketplace.Business Support Services We Offer:
1. SEIS/EIS Application with Advance assurance
2. R&D Tax Credits
3. Registered Office Address
4. Accounts Receivables Assistance
5. Supplier Payments and reporting
In today’s digital era, starting a business has become easier, but facing fierce competition and earning clients’ trust has become increasingly challenging. To stay competitive and adapt to the changing industry landscape, it’s essential to seek guidance from an experienced advisory firm. As a leading business advisory services provider, we understand these struggles and have developed strategic growth initiatives to help businesses thrive.
Company Secretrial Services
Tailoring our company secretarial services to your specific needs, we ensure compliance with local regulations. Managing legal entity administration can be challenging, especially as businesses grow. Our aim is to help you avoid compliance defaults and meet filing deadlines, reducing costs and mitigating the risk of prosecution.We handle company formation, including registration and necessary documentation. As your accountants, we can provide registered office facilities, promptly managing your important mail.
Informing the Register of Companies about changes in directors and company secretaries is essential, and we take care of the necessary paperwork. If amendments to the memorandum and articles of association are needed, we draft resolutions, file copies, and update statutory books. Our research team can conduct company searches, accessing information databases and filing records at Companies House. When restructuring share capital, we guide you through the process and submit the required paperwork to the Register of Companies.
Efficient Tax Planning
At Astral, we are experts in maximizing your tax benefits while ensuring compliance with all regulations. Our dedicated team of tax professionals is committed to helping you navigate the complex world of taxes with ease.
With our comprehensive tax planning services, we take a proactive approach to minimize your tax liabilities and maximize your savings. We dive deep into your financial situation, meticulously analyzing your income, expenses, and investments to identify potential tax-saving opportunities. Our goal is to optimize your tax strategy, allowing you to keep more of your hard-earned money.
We stay up to date with the latest tax laws and regulations, continuously monitoring changes that could impact your financial situation. This ensures that our tax planning strategies are always aligned with the current tax landscape, maximizing your benefits while remaining fully compliant.
Our personalized approach sets us apart. We understand that every client is unique, with specific financial goals and circumstances. That’s why we tailor our tax planning strategies to your individual needs. Whether you’re a small business owner, a freelancer, or an individual taxpayer, we have the expertise and experience to provide customized solutions that work for you.
Efficient tax planning is not just about reducing your tax burden—it’s about securing your financial future. By working with us, you gain peace of mind knowing that your taxes are in expert hands. You can focus on what you do best while we handle the complexities of tax planning.
Ready to take control of your taxes and unlock the full potential of your financial resources?
Contact Astral today and let us show you how our efficient tax planning services can make a meaningful difference in your financial well-being. Together, we’ll pave the way to a brighter and more prosperous future.
Payroll and workplace setup
Running payroll has become increasingly complex and time-consuming, especially with the new RTI regulations. Timely and accurate payroll processing is crucial to avoid costly penalties. Our payroll service offers a reliable and cost-effective solution, handling various tasks such as payslip production, distribution, monthly summaries, and departmental reports.
We also
Manage new hires and leavers.
Analyze staff costs.
Handle PAYE returns.
Assist with automated payment setup for employees.
We take care of important documentation, including the Employer Annual Return P35, employee summary P60s and P14s, as well as P11D and P9D benefit and expenses returns.
Auto-enrolment represents a significant change in workplace pensions, ensuring employees save for retirement. As pension specialists, we provide guidance and support to establish an auto-enrolment scheme that meets regulatory requirements and aligns with your organization’s needs. We conduct an initial consultation, assessing the financial and administrative impact, and prepare a customized report. Our financial planners then research and recommend a suitable scheme for compliance. We offer comprehensive assistance throughout the implementation process, streamlining the integration of the scheme structure.
Choose our services to simplify payroll, navigate auto-enrolment, and optimize your tax obligations. Contact us today to experience the advantages of our efficient and reliable solutions.
Accounts and Corporation Tax Returns
Our commitment to accounting excellence goes beyond merely completing accounts. We take pride in understanding your vision and business goals, tailoring our services to your specific needs. Our knowledgeable team provides clear and accessible advice, offering valuable support to your business.
In today’s challenging business landscape, timely and accurate accounting advice is crucial. Despite being a smaller firm, our accountants possess the expertise and business support services typically associated with larger accounting firms. We strive to meet and exceed your expectations by delivering competent accountancy support and a professional service. With us taking care of your finances, you can focus on what makes your business successful, knowing that you have dedicated accountants looking after your interests.
When it comes to corporation tax, as a limited company, you have a legal obligation to pay tax on your profits. Compliance with corporate tax regulations is essential, and we are here to provide the necessary accountancy support to ensure accuracy and adherence.
Our experienced corporation tax accountants will efficiently prepare your company accounts and tax returns, ensuring compliance and minimizing your tax liability by applying eligible allowances and deductions. From registering your business with HMRC and Companies House to determining tax liabilities, advising on payment deadlines, and filing tax returns, we handle every aspect with precision.
Staying updated with the latest tax legislation and thresholds is part of our service, as we aim to keep you informed and empowered. With our expertise and comprehensive range of services, you can trust us to meet your corporation tax obligations efficiently and effectively.
Regular Progress Meetings and Suggestions
We understand that you may not be very well aware of all the accounting terminologies and looking at documents might feel like your understanding circuits are taking a coffee break and left you hanging.
Not to worry, we go beyond the traditional client-accountant dynamic by offering regular progress meetings and valuable suggestions to help you thrive.
Our regular progress meetings are more than just routine check-ins. They are dedicated sessions where we sit down with you to discuss your financial goals, challenges, and opportunities. We take the time to understand your business on a deeper level, allowing us to provide tailored advice and guidance that truly makes a difference.
During these meetings, we not only review your financial statements and reports but also delve into the nuances of your business operations. We listen attentively to your concerns and aspirations, analyzing the data and offering valuable insights that can enhance your financial performance.
Our goal is to help you make informed decisions that drive growth, profitability, and long-term success.
With our regular progress meetings, you can expect open and transparent communication. We believe in fostering a collaborative environment where you feel comfortable sharing your ideas and asking questions. We encourage active participation from our clients, as we value your input and insights. Together, we can explore innovative solutions, troubleshoot challenges, and seize opportunities that arise.
At Astral Group, we understand that each client is unique, with distinct goals and aspirations. That’s why our approach is highly personalized. We tailor our suggestions to your specific circumstances, considering your industry, business size, and long-term objectives. Whether it’s identifying cost-saving measures, exploring new revenue streams, or implementing tax-efficient strategies, we are dedicated to helping you achieve your goals.
When you choose us, you gain more than just an accountant – you gain a trusted partner invested in your success. Our regular progress meetings and valuable suggestions are part of our commitment to delivering exceptional client service. We are here to support you every step of the way, providing guidance, expertise, and actionable insights to drive your business forward.
Monthly Management Accounts
Management accounts aren’t obligatory! However, if you’re serious about propelling your business towards growth and expansion, they play a vital role in achieving that.
Why, you ask? Well, management accounts provide:
Analysis to assess your business’s performance.
Figures to gauge the financial well-being of your organization, aiding budgeting and investment decisions.
Without them, accurately measuring your progress would be nearly impossible. Consequently, making informed choices regarding your organization’s funding requirements would be a struggle.
What should be included in management accounts?
This varies depending on your business’s life cycle stage, industry, and the objectives set by the owners/directors. Typically, management accounts encompass:
Key performance indicators.
Profit and loss statement.
Cash position.
Balance sheet.
How frequently should management accounts be prepared?
Management accounts are generally compiled regularly and consistently to ensure that business owners or management teams can effectively monitor their progress. Although there are no strict rules, they are typically produced on a monthly or quarterly basis.
Keep in mind that your reports will be most effective when tailored to your specific business. This means focusing on what matters most to you as the owner or manager.
Vat Returns and Advice
VAT SERVICES FOR BUSINESSES ACROSS THE UK
Value Added Tax (VAT) can be a complex and impactful tax for businesses in the UK. It is a tax charged on products or services whenever value is added during production or at the point of sale. We understand the intricacies of VAT and offer a range of services to meet your VAT filing, reporting, and advisory needs.
VAT Reporting and VAT Returns
Our VAT accounting services are designed to add value to your business. We provide detailed VAT reports with proper explanations for you to understand these reports.
Understanding VAT and VAT Registration
VAT is a tax that businesses must pay when purchasing goods or services. If your business has a turnover exceeding £85,000, it needs to register for VAT, collect VAT on its products or services, and file quarterly returns with HMRC. Failure to comply with VAT requirements may result in penalties.
‘The VAT Registration Number for Your Business
Once registered for VAT, your business will receive a unique nine-digit registration number from the UK government, typically starting with GB. This number can be found on your registration certificate, which also includes information about your first VAT return due date and the registration threshold your business crossed.
Finding the Deadline for Your VAT Payments
To find out the deadline for your VAT payments and returns, you can access your VAT online account through the Government gateway. Your online account will provide information about the due date for your VAT returns and when you need to make the payment to HMRC. Typically, the submission and payment deadlines occur one month and seven days after the end of your accounting period.
How VAT Works
VAT reporting is required on a monthly, quarterly, or annual basis, depending on your business. The VAT return summarizes the VAT received on sales and the VAT spent on purchases during a specific period. If the collected amount is higher than the VAT spent, you pay the difference to HMRC, and if the VAT spent was greater, HMRC reimburses you.
MTD for VAT
Making Tax Digital (MTD) has transformed the way UK businesses handle their taxes, including VAT. VAT-registered companies now need to maintain digital records and submit their VAT returns digitally under the MTD program. We use MTD-approved software like Xero and QuickBooks to handle your VAT returns efficiently and provide guidance and support whenever you need it.
Self Assesment Tax Returns
If you’re self-employed or a business owner, it’s important to understand that taxes are not always automatically deducted from your income. To ensure the correct amount of tax is collected from you, you need to complete an online self-assessment tax return. However, many people struggle with this process, either by missing deadlines or making errors on the form, which can lead to penalties from HMRC.
Self-Assessment applies to:
Self-employed people including business partners
Company Directors
Individuals with more complicated tax affairs including those who pay higher rate tax
Pensioners with more complex tax affairs
People who receive rent or other income from land and property in the UK
Non-resident company landlords
Astral can streamline the entire process with the help of our tax experts. They can assist you in getting your tax affairs in order and accurately complete your self-assessment in a tax-efficient manner.
Working with us is easy. We follow simple steps to ensure that your self-assessments are prepared quickly, accurately, and in a tax-efficient manner.
Your tax return goes through thorough checks and multiple reviews to ensure all possible reliefs are claimed and the return is prepared to the highest standard.
Once you approve your tax return for submission, we will ensure it is filed on time. We will also provide guidance on next steps and address any potential future concerns.
Business Growth and Support
Our business advisory services provide comprehensive support to businesses, helping them navigate challenges, seize opportunities, and achieve long-term success. Through strategic planning, financial analysis, operational improvements, and customized solutions, we offer valuable insights and guidance to optimize business performance and drive growth in a competitive marketplace.
Business Support Services We Offer:
1. SEIS/EIS Application with Advance assurance
2. R&D Tax Credits
3. Registered Office Address
4. Accounts Receivables Assistance
5. Supplier Payments and reporting
In today’s digital era, starting a business has become easier, but facing fierce competition and earning clients’ trust has become increasingly challenging. To stay competitive and adapt to the changing industry landscape, it’s essential to seek guidance from an experienced advisory firm. As a leading business advisory services provider, we understand these struggles and have developed strategic growth initiatives to help businesses thrive.
Company Secretrial Services
Tailoring our company secretarial services to your specific needs, we ensure compliance with local regulations. Managing legal entity administration can be challenging, especially as businesses grow. Our aim is to help you avoid compliance defaults and meet filing deadlines, reducing costs and mitigating the risk of prosecution.
We handle company formation, including registration and necessary documentation. As your accountants, we can provide registered office facilities, promptly managing your important mail.
Informing the Register of Companies about changes in directors and company secretaries is essential, and we take care of the necessary paperwork. If amendments to the memorandum and articles of association are needed, we draft resolutions, file copies, and update statutory books. Our research team can conduct company searches, accessing information databases and filing records at Companies House. When restructuring share capital, we guide you through the process and submit the required paperwork to the Register of Companies.
Efficient Tax Planning
At Astral, we are experts in maximizing your tax benefits while ensuring compliance with all regulations. Our dedicated team of tax professionals is committed to helping you navigate the complex world of taxes with ease.
With our comprehensive tax planning services, we take a proactive approach to minimize your tax liabilities and maximize your savings. We dive deep into your financial situation, meticulously analyzing your income, expenses, and investments to identify potential tax-saving opportunities. Our goal is to optimize your tax strategy, allowing you to keep more of your hard-earned money.
We stay up to date with the latest tax laws and regulations, continuously monitoring changes that could impact your financial situation. This ensures that our tax planning strategies are always aligned with the current tax landscape, maximizing your benefits while remaining fully compliant.
Our personalized approach sets us apart. We understand that every client is unique, with specific financial goals and circumstances. That’s why we tailor our tax planning strategies to your individual needs. Whether you’re a small business owner, a freelancer, or an individual taxpayer, we have the expertise and experience to provide customized solutions that work for you.
Efficient tax planning is not just about reducing your tax burden—it’s about securing your financial future. By working with us, you gain peace of mind knowing that your taxes are in expert hands. You can focus on what you do best while we handle the complexities of tax planning.
Ready to take control of your taxes and unlock the full potential of your financial resources?
Contact Astral today and let us show you how our efficient tax planning services can make a meaningful difference in your financial well-being. Together, we’ll pave the way to a brighter and more prosperous future.
Payroll and workplace setup
Running payroll has become increasingly complex and time-consuming, especially with the new RTI regulations. Timely and accurate payroll processing is crucial to avoid costly penalties. Our payroll service offers a reliable and cost-effective solution, handling various tasks such as payslip production, distribution, monthly summaries, and departmental reports.
We also
Manage new hires and leavers.
Analyze staff costs.
Handle PAYE returns.
Assist with automated payment setup for employees.
We take care of important documentation, including the Employer Annual Return P35, employee summary P60s and P14s, as well as P11D and P9D benefit and expenses returns.
Auto-enrolment represents a significant change in workplace pensions, ensuring employees save for retirement. As pension specialists, we provide guidance and support to establish an auto-enrolment scheme that meets regulatory requirements and aligns with your organization’s needs. We conduct an initial consultation, assessing the financial and administrative impact, and prepare a customized report. Our financial planners then research and recommend a suitable scheme for compliance. We offer comprehensive assistance throughout the implementation process, streamlining the integration of the scheme structure.
Choose our services to simplify payroll, navigate auto-enrolment, and optimize your tax obligations. Contact us today to experience the advantages of our efficient and reliable solutions.
Accounts and Corporation Tax Returns
Our commitment to accounting excellence goes beyond merely completing accounts. We take pride in understanding your vision and business goals, tailoring our services to your specific needs. Our knowledgeable team provides clear and accessible advice, offering valuable support to your business.
In today’s challenging business landscape, timely and accurate accounting advice is crucial. Despite being a smaller firm, our accountants possess the expertise and business support services typically associated with larger accounting firms. We strive to meet and exceed your expectations by delivering competent accountancy support and a professional service. With us taking care of your finances, you can focus on what makes your business successful, knowing that you have dedicated accountants looking after your interests.
When it comes to corporation tax, as a limited company, you have a legal obligation to pay tax on your profits. Compliance with corporate tax regulations is essential, and we are here to provide the necessary accountancy support to ensure accuracy and adherence.
Our experienced corporation tax accountants will efficiently prepare your company accounts and tax returns, ensuring compliance and minimizing your tax liability by applying eligible allowances and deductions. From registering your business with HMRC and Companies House to determining tax liabilities, advising on payment deadlines, and filing tax returns, we handle every aspect with precision.
Staying updated with the latest tax legislation and thresholds is part of our service, as we aim to keep you informed and empowered. With our expertise and comprehensive range of services, you can trust us to meet your corporation tax obligations efficiently and effectively.
Regular Progress Meetings and Suggestions
We understand that you may not be very well aware of all the accounting terminologies and looking at documents might feel like your understanding circuits are taking a coffee break and left you hanging.
Not to worry, we go beyond the traditional client-accountant dynamic by offering regular progress meetings and valuable suggestions to help you thrive.
Our regular progress meetings are more than just routine check-ins. They are dedicated sessions where we sit down with you to discuss your financial goals, challenges, and opportunities. We take the time to understand your business on a deeper level, allowing us to provide tailored advice and guidance that truly makes a difference.
During these meetings, we not only review your financial statements and reports but also delve into the nuances of your business operations. We listen attentively to your concerns and aspirations, analyzing the data and offering valuable insights that can enhance your financial performance.
Our goal is to help you make informed decisions that drive growth, profitability, and long-term success.
With our regular progress meetings, you can expect open and transparent communication. We believe in fostering a collaborative environment where you feel comfortable sharing your ideas and asking questions. We encourage active participation from our clients, as we value your input and insights. Together, we can explore innovative solutions, troubleshoot challenges, and seize opportunities that arise.
At Astral Group, we understand that each client is unique, with distinct goals and aspirations. That’s why our approach is highly personalized. We tailor our suggestions to your specific circumstances, considering your industry, business size, and long-term objectives. Whether it’s identifying cost-saving measures, exploring new revenue streams, or implementing tax-efficient strategies, we are dedicated to helping you achieve your goals.
When you choose us, you gain more than just an accountant – you gain a trusted partner invested in your success. Our regular progress meetings and valuable suggestions are part of our commitment to delivering exceptional client service. We are here to support you every step of the way, providing guidance, expertise, and actionable insights to drive your business forward.
Monthly Management Accounts
Management accounts aren’t obligatory! However, if you’re serious about propelling your business towards growth and expansion, they play a vital role in achieving that.
Why, you ask? Well, management accounts provide:
Analysis to assess your business’s performance.
Figures to gauge the financial well-being of your organization, aiding budgeting and investment decisions.
Without them, accurately measuring your progress would be nearly impossible. Consequently, making informed choices regarding your organization’s funding requirements would be a struggle.
What should be included in management accounts?
This varies depending on your business’s life cycle stage, industry, and the objectives set by the owners/directors. Typically, management accounts encompass:
Key performance indicators.
Profit and loss statement.
Cash position.
Balance sheet.
How frequently should management accounts be prepared?
Management accounts are generally compiled regularly and consistently to ensure that business owners or management teams can effectively monitor their progress. Although there are no strict rules, they are typically produced on a monthly or quarterly basis.
Keep in mind that your reports will be most effective when tailored to your specific business. This means focusing on what matters most to you as the owner or manager.
Vat Returns and Advice
VAT SERVICES FOR BUSINESSES ACROSS THE UK
Value Added Tax (VAT) can be a complex and impactful tax for businesses in the UK. It is a tax charged on products or services whenever value is added during production or at the point of sale. We understand the intricacies of VAT and offer a range of services to meet your VAT filing, reporting, and advisory needs.
VAT Reporting and VAT Returns
Our VAT accounting services are designed to add value to your business. We provide detailed VAT reports with proper explanations for you to understand these reports.
Understanding VAT and VAT Registration
VAT is a tax that businesses must pay when purchasing goods or services. If your business has a turnover exceeding £85,000, it needs to register for VAT, collect VAT on its products or services, and file quarterly returns with HMRC. Failure to comply with VAT requirements may result in penalties.
The VAT Registration Number for Your Business
Once registered for VAT, your business will receive a unique nine-digit registration number from the UK government, typically starting with GB. This number can be found on your registration certificate, which also includes information about your first VAT return due date and the registration threshold your business crossed.
Finding the Deadline for Your VAT Payments
To find out the deadline for your VAT payments and returns, you can access your VAT online account through the Government gateway. Your online account will provide information about the due date for your VAT returns and when you need to make the payment to HMRC. Typically, the submission and payment deadlines occur one month and seven days after the end of your accounting period.
How VAT Works
VAT reporting is required on a monthly, quarterly, or annual basis, depending on your business. The VAT return summarizes the VAT received on sales and the VAT spent on purchases during a specific period. If the collected amount is higher than the VAT spent, you pay the difference to HMRC, and if the VAT spent was greater, HMRC reimburses you.
MTD for VAT
Making Tax Digital (MTD) has transformed the way UK businesses handle their taxes, including VAT. VAT-registered companies now need to maintain digital records and submit their VAT returns digitally under the MTD program. We use MTD-approved software like Xero and QuickBooks to handle your VAT returns efficiently and provide guidance and support whenever you need it.
Self Assesment Tax Returns
If you’re self-employed or a business owner, it’s important to understand that taxes are not always automatically deducted from your income. To ensure the correct amount of tax is collected from you, you need to complete an online self-assessment tax return. However, many people struggle with this process, either by missing deadlines or making errors on the form, which can lead to penalties from HMRC.
Self-Assessment applies to:
Self-employed people including business partners
Company Directors
Individuals with more complicated tax affairs including those who pay higher rate tax
Pensioners with more complex tax affairs
People who receive rent or other income from land and property in the UK
Non-resident company landlords
Astral can streamline the entire process with the help of our tax experts. They can assist you in getting your tax affairs in order and accurately complete your self-assessment in a tax-efficient manner.
Working with us is easy. We follow simple steps to ensure that your self-assessments are prepared quickly, accurately, and in a tax-efficient manner.
Your tax return goes through thorough checks and multiple reviews to ensure all possible reliefs are claimed and the return is prepared to the highest standard.
Once you approve your tax return for submission, we will ensure it is filed on time. We will also provide guidance on next steps and address any potential future concerns.
Business Growth and Support
Our business advisory services provide comprehensive support to businesses, helping them navigate challenges, seize opportunities, and achieve long-term success. Through strategic planning, financial analysis, operational improvements, and customized solutions, we offer valuable insights and guidance to optimize business performance and drive growth in a competitive marketplace.
Business Support Services We Offer:
1. SEIS/EIS Application with Advance assurance
2. R&D Tax Credits
3. Registered Office Address
4. Accounts Receivables Assistance
5. Supplier Payments and reporting
In today’s digital era, starting a business has become easier, but facing fierce competition and earning clients’ trust has become increasingly challenging. To stay competitive and adapt to the changing industry landscape, it’s essential to seek guidance from an experienced advisory firm. As a leading business advisory services provider, we understand these struggles and have developed strategic growth initiatives to help businesses thrive.
Company Secretrial Services
Tailoring our company secretarial services to your specific needs, we ensure compliance with local regulations. Managing legal entity administration can be challenging, especially as businesses grow. Our aim is to help you avoid compliance defaults and meet filing deadlines, reducing costs and mitigating the risk of prosecution.
We handle company formation, including registration and necessary documentation. As your accountants, we can provide registered office facilities, promptly managing your important mail.
Informing the Register of Companies about changes in directors and company secretaries is essential, and we take care of the necessary paperwork. If amendments to the memorandum and articles of association are needed, we draft resolutions, file copies, and update statutory books. Our research team can conduct company searches, accessing information databases and filing records at Companies House. When restructuring share capital, we guide you through the process and submit the required paperwork to the Register of Companies.