We can fulfill all of your Bookkeeping needs allowing you to concentrate on your business whether you are a sole trader, a partnership or a limited company. Every business has to keep financial records. But it takes time and effort to keep your records up to date. And anyone that has tried to do their own VAT Returns or Self Assessment will vouch that it can be a nightmare. Let us take all the stress and fray where you can be making money for your business.
We offer :
We offer a professional outsourced bookkeeping service without the expense of wages, national insurance, sick pay, holiday pay, etc. OutRight Accounting will keep your bookkeeping up to date and keep everything ready for your accountant which can save you unexpected bills.
Our bookkeeping and accounting services include, but are not limited to:
Payroll Administration is becoming increasingly laborious for many businesses, this means that valuable time and resources are likely to be taken away from your core business functions. Especially true following the introduction of the Real-Time Information (RTI) on 6 April 2013 and need to make an online submission to HMRC every time you pay an employee.
Businesses that are not "RTI compliant" by 2014 will face penalties.
Our RTI compliant specialized payroll staff can deal with your payroll for you.
Fortunately, payroll is a function that can be easily separated from your other administrative functions and outsourced to Payroll Professionals such as our own. We offer a professional outsourced Payroll service.
Processing your payroll in-house can mean a significant investment in expensive payroll software with regular upgrades along with ongoing staff training to keep up to date with current legislation.
At OutRight We Provide:
Whether you have one employee or 100 employees, auto-enrolment places significant responsibilities on an employer. Employers need to enroll many of their employees into a work based pension scheme and pay pension contributions.
We can help you to
For subcontractors who work in the construction industry, the Construction Industry Scheme (CIS) was established to set out the tax rules and how payments must be dealt with by contractors. Contractors have to deduct tax from subcontractors' invoices at either 20 % (for verified subcontractors) or 30% (non verified subcontractors) from the labour part of the invoices and then pay this over to HMRC.
Completing and filing the annual self assessment with HMRC for most people is a pain!
Most self employed people, partnerships, contractors and company directors physically do not have the time to run their business and sort out their self assessment. To most, this is plain and simply an inconvenience.
Unfortunately, because of this, many get issued with penalties for not submitting their returns in on time.
We deal with self assessments on a daily basis and therefore have the experience and are a cost-effective solution for your returns to be submitted correctly and on time, as agents of HMRC, we can quickly and easily file your self assessment online for you. We can tell you exactly (if any) tax you need to pay and when giving you and your cashflow peace of mind.
Let us take care of your self assessment so you don't have to. Even if all you have is a bag of receipts we can produce a set of accounts and file your self assessment with HMRC on your behalf. This saves you time and a lot of hassle.
All we need is your financial information for the last tax year for us to prepare your annual accounts and return.
Once you've approved your return we will do the submission to HMRC, and that's it for another year!
Completion of Ltd Company accounts and Individuals accounts are our core business
We can also provide an accounts administration service which includes scanning and storing your paperwork on our cloud server for you. Also, we can provide you with the free bookkeeping software for you to create your day to day invoices, ledgers, and bank reconciliation.
At OutRight Accounting we can take care of all your company registration requirements to avoid unnecessary fines and legal complications. This provides you with peace of mind allowing you to concentrate on the development of your own business.
OutRight can assist you with
How does tax fee insurance work?
Tax fee protection is designed to reimburse you or your company for the costs of representation (such as accountancy fees) if you are selected by HMRC for enquiry. With professional fees properly underwritten, you are able to challenge unreasonable or opaque tax assessments from HMRC.
Once HMRC starts an investigation, you are responsible for providing all the information HMRC demands and it is likely you will need our help. Tax enquiries can cost many thousands of pounds and take several years to settle. Our service will cover professional fees up to £100,000 and help us to get the best possible outcome for you.
Fee protection is provided in the event of:
Representation costs up to £50,000 with full Qdos representation in the event of:
- A PAYE compliance review
- An IR35 dispute
- A PAYE/NIC dispute
- A VAT dispute
- A Section 660A dispute
- A number of other enquiries into the policyholder's tax returns
- Cases to Commissioners’ Hearing/Tax Tribunal if required (subject to prospects of success)
- Previous tax years covered
Tax enquiry insurance is offered on a 'claims made' basis. This means that the policy will cover claims which arise and are notified to our claims department whilst cover is in place, regardless of the period of time into which HMRC are enquiring.