Ilford Accountants

Local Accountants in ilford

Are you looking for local reliable and accurate accounting services near Ilford ? If yes, S K Punia Acountant is right here to carter to your every need.

We are specialise small business and self employed businesses. We are based in the heart of greater London. We have been providing excellent accounting services to local clients as well as neighboring regions over the years.

We provide following accounting and business management services:

  • Company Accounts

  • CIS Tax Returns

  • Payroll services

  • Self assessment tax return

  • Capital gain tax

  • Bookkeeping services

  • Corporation Tax

  • VAT Return

  • Management Accounts

What Are CIS Returns?

The CIS (Construction Industry Scheme) is a scheme ran by HMRC and means that if you work for a contractor in the construction industry as a self-employed person (not an employee), the contractor is obliged to withhold tax on its payments to you. This is 20% if you are ‘registered’ or 30% if you are not.

 

This is quite different from other self-employed individuals who normally receive their payments as gross, which means that no tax is deducted.

Every month, contractors must fill in a CIS returns sheet with HMRC. This is where we come in. At S K Punia Accountants in Ilford, we have helped a lot of clients receive over £3000 refunds on CIS returns and self assessment tax returns. We ensure that every single penny is utilised in order for you to receive the maximum possible refund.

If you are a contractor and you are working in Ilford, Essex, or the surrounding areas of the UK, filling CIS returns in every single month can feel like a huge and unnecessary burden placed on you. So, if you are a new contractor and require some professional advice, or if you are an experienced contractor who simply wants someone else to deal with CIS returns on your behalf, look no further than S K Punia Accountants in Ilford. Our team of experienced accountants offer a wide range of accountancy services to our valued clients and specialise in CIS returns.

Local Bookkeeping Services

If you simply can’t face doing your bookkeeping alone and you are looking for a little assistance, our team of expert Ilford accountants have got you covered. We are able to help you bring your business accounts up to date, and we are extremely quick and efficient; we will make sure that your company accounts are completely correct and all of your expenses are recorded properly. By the time we are done with our bookkeeping services, you will know exactly what you owe in tax, how much dividends you can take, and the deadlines of your statutory filing. This helps you to avoid fines from HMRC and Companies House.

Completely flexible, approachable and on your side, we are here to make your life as easy as we possibly can. For the peace of mind that your books are being looked after and inaccurate information will not affect your business, choose the specialist team here at S K Punia Accountants in Ilford, Essex.

Professional Accountancy Services

As we have mentioned above, we offer a wide range of professional accountancy services to clients throughout Ilford and the surrounding areas of Essex. We have been operating as Ilford accountants for many years now, meaning that we have the knowledge and expertise needed to provide the very best accountancy services to our customers.

 

We specialise in different sectors of the accountancy industry, such as CIS returns, end of year accounts, capital gains tax, tax returns, bookkeeping, and vat services. So, regardless of what you require, we have got you covered.

We are small business accountants who focus on small businesses and self-employed businesses. If you are a small business or you are self-employed and want help with your accounts, simply give us a call.

Limited Companies Accounting

We will prepare your CT 600 tax returns and prepare your company statuary Accountants. We will file your CT600 Tax return and file your company account  return to HMRC and companies house. Once you take our services we will make sure you are compliant with tax regulations and will do your bookkeeping on monthly or quarterly basis as you prefer. 

It will ensure that all the information we submit behalf of you is accurate for each task. Our service do not stop there, our tax expert accountants will determine if you or your small business is eligible for any tax breaks on allowable expenses.

By passing on your bookkeeping and accounting duties to us, you can put your time toward your business growth.

It is important to understand the different between company and sole trader business. Company is a separate legal organization. It's money is separate from its owner where as sole trader business there is no clear understanding between business and the owner, you can take the money from the sole trader business as you like.

In Ltd company any money you take out need to be in form of bonuses, payroll PAYE income, dividends and director's loans. Limited company affairs are complicated. It is important to engage the services of professional accountant from the start of company to avoid any complications or penalty later on.

Self Assessment Tax Return Ilford

Self Assessment tax return filing does not need to be expensive and time consuming affair. We are professional Ilford accountants. It is important to understand there are many reasons you have to file self assessment tax return.

 

Few of the examples are you are company director, works as self employed, you have rental income or you rent a room in your house. You have investment income, you sold your buy to let property and have made a gain.

Capital Gain tax is also reported in self assessment.

There are two ways you can file self assessment. First one is  paper filing and it is always due by 31st October of year ended 5th April. HMRC is moving toward Making tax digital (MTD) and trying to get everything filed digitally.

Second is self assessment tax return is filed electronically. It is due by 31st January for the year ended 5th April of previous year. 

Early tax planning and accurate filing of returns can make the process relatively  painless. Get in touch with S K Punia Accountants Ilford.  When you work with us you can be assured you are working with tax professionals in Ilford who will offer you best recommendations and advice related to your small business. Our Ilford accountants have more than 10 years plus tax return experience and have necessary skills to offer you advice  on all you expenses and income how much tax refunds can be made on your personal tax returns.

Get in touch S K Punia Ilford Accountants

Accounting & Tax Services

All our fees are agreed in advance. We charge a fixed monthly amount to our customers without any hidden costs for providing a range of accounting and tax services. It gives you  peace of mind knowing the cost you will incur and all your tax affairs' will be dealt in timely manners.

  • We will prepare and file your tax returns, tax calculations and fulfill all statutory accounting requirements

  • We will provide you access to market leading accounting software and guide you if you would like to do some of your accounting task yourself such as bookkeeping,  invoices etc.

  • On our periodic review, we will give you advice to tax efficiency

  • We will keep you informed  about latest legislation changes which can impacting your business 

  • We provide help in installing and maintaining your payroll and accounting systems

  • We will help you to improve cash flow for your business.

  • Our Ilford Accountants team will be touch in timely manner to get necessary information to fulfill your business statutory requirements