Sole Traders & Partnerships
We offer an inclusive, reasonably priced, fixed fee service for all sole traders
and partnerships. Our services range from regular management accounts, to annual
accounts, VAT and payroll. With Paul Montanaro & Co you’ll experience our friendly
Management Accounts – get the reassurance of knowing how you are performing against your annual plan. This means you can budget for your tax bill and avoid any nasty surprises. We can update you every quarter, or even monthly if you’d like.
Annual Accounts – whether your accounts are neatly arranged or a bunch of receipts in a cardboard box, we will turn your figures into a tidy set of annual accounts. With a fee agreed upfront, the service also includes a discussion around your plans for the next 12 months. This will help you plan for your tax liability moving forward, either unlocking a welcome bonus, or simply delivering peace of mind that you have it all covered.
VAT – if your business turnover qualifies you to be VAT registered we will complete the necessary quarterly returns for you, whether you use the flat rate scheme or the normal VAT method. We can also advise what method would work best for your business.
Payroll – if you are an employer we will deal with all matters relating to the pay of your employees, and if required, provide you with pay slips each week/month. We will complete your monthly and annual returns to HMRC as well as issuing the employee paperwork at the end of each year or on termination of employment. If required, we can introduce you to employment specialists who can help you draw up suitable contract terms that will ensure your legal protection.
Self Assessment -
If the business is in a period of significant change we will liaise with the HMRC to ensure the payments on account reflect the expected/ projected operation of the business in the coming 12 months, thereby ensuring your cash flow is appropriately protected.
Business Plans, Projections and Cashflow -