We provide start-ups and SMEs with full accounting & finance function support, saving entrepreneurs cost & hassle
Benefits of working with Nexus Accountants & Taxation Limited:
- Your own dedicated accountant that offers you unlimited help and advice throughout the year
- We treat every client as our only client. This makes us different from others.
- We ensure you pay only the minimum amount of tax and not a penny more
- Advice on being tax efficient and tax planning for future. Monitor performance and adjust plans accordingly.
- We take care of all dealings with HMRC file all necessary returns.
We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations.
Accounting and bookkeeping services
We recognize the need to have an informed, commercially orientated accountant to support your business’s accounting needs.
Partnering with the right accountant provides a competitive edge to your business. The value of insightful analysis and informative, forward thinking towards your accounts is invaluable. Having a trained set of eyes studying your business, identifying cost savings, synergies, and tax breaks to add to the bottom line validates the accounting professions service.
We provide accounting services to small and medium-sized entities in Africa, the United Kingdom, and Europe trading across a multitude of industries.
We have a fixed monthly bookkeeping fee structure to accommodate any businesses budget. We favor Xero, Quickbooks and the Sage stable of product offerings.
If your accounts are currently being prepared on spreadsheets, we can effortlessly migrate your data into any of the above systems of your preference. With a preliminary mapping of your business activities, we build a chart of accounts and reporting structure that illustrates your financial performance. Based on our assessment we will suggest the most suitable software package for your business.
We provide your very own branded annual statutory accounts and facilitate the submission to Companies House on your behalf. The branding gives your accounts an identity and a professional feel that you can share with your financiers or investors.
Contact us now for a free consultation to see the value we can add to your business.
Taxation
Whether it be for business or your personal tax requirements, partnering with us will give you the comfort your taxes are always up to date and you are paying the right amount.
We take absolute responsibility for our clients’ financial wellbeing. By understanding your long-term financial plans, we will devise a strategy to save you money for your business and personal finances.
We specialize in tax structuring for our individual and corporate clients’ ranging across a broad spectrum of industries, all unique to their financial situations and objectives.
Statutory taxes we specialize in include VAT, income and self-assessment tax for individuals and corporates, payroll taxes including National Insurance and pay-as-you-earn, customs duties and tax credits for research and development initiatives.
Don’t let tax become a burden on your finances. Partner with us to discover the benefits a professional tax plan and structure will bring to the long-term success of your financial strategy.
Contact us now for a free consultation.
Payroll and Pension Fund
Not paying staff on time can lead to a real change in your staff’s morale and trust in senior management, not to mention loss of key staff. We understand the risks faced and make the service offered to you and your employees our priority to ensure it is right and on time.
There’s no excuse for not paying staff on time. With technology where it is today, payroll can be one of the simplest processes in a back-office environment, yet some organisations insist on making it difficult.
Luckily, we have invested in the best systems, and best training for our staff to provide you with the best service. We will ensure all your business and your staff’s statutory requirements are met.
We will ensure that you have adequate time to review the payroll data before it needs to be processed and paid, and take the burden of new starters or leave entitlements off your plate.
If you feel your payroll could do with an improvement and are concerned you are not receiving the services you would expect to provide on behalf of your staff, contact us for a free consultation.
We will also look at your processes and company policies to advise the best practice to assist your business operations and cash flow cycle.
Contact us now, your employees will thank you.
Administering payroll is becoming increasingly burdensome for many businesses, taking more and more time and resources away from core business functions.
Fortunately payroll can easily be separated from your other accounting activities and outsourced to a specialist agency such as our team of payroll professionals.
We offer a completely confidential and cost-effective service that includes:
• Starters and leavers
• Code number changes
• Customised and generic payslips
• Taxable benefits and P11Ds
• Company, personal, and stakeholder pension schemes
• Student loan recovery
• WFTC and DPTC
• SMP, SPP, SSP, and SAP
• Child maintenance orders
• Give as you earn
• Pay in lieu of notice redundancy
• Advice on tax and NIC payable
• Processing payments through BACS
• Dealing with employee enquiries
• Standard payroll reports
• Production of year-end P60s
• Preparation and electronic filing of forms P14 & P35
Business planning
It is often said that, “Failing to plan is planning to fail.”
As a business owner you have no doubt been reminded on more than one occasion of the importance of business planning. And no doubt you agree that planning is important.
And yet in all probability you rarely seem to find the time to sit down and develop strategic plans but end up flying by the seat of your pants, trusting your intuitions and relying on snap judgments rather than adhering to a pre-arranged strategy.
Not that we would deprecate such intuitions. Experience has taught us that it is precisely this ‘sixth sense’ that many business owners and managers seem to possess that is the driving force behind entrepreneurship – and we have learned to take it seriously.
But the planning is important. Without sound analysis, clear projections, and well-thought out contingencies, businesses tend to become hostages to fortune.
Proactive management is replaced by reactive coping, and instead of following a well-thought-out plan, owners and managers are reduced to responding to unforeseen events, or trying to catch up on missed opportunities.
This is why we encourage our clients to schedule regular planning sessions. We can help you:
• Formulate and implement long-term strategic goals
• Set concrete operational objectives
• Monitor performance and adjust plans accordingly
VAT
VAT can be the bane of everyone affected by it.
The complex regime of regulations imposes a tremendous administrative burden on businesses.
With the rate being so high, mistakes in calculating VAT can be costly – and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.
Our cost-effective VAT compliance and planning services can relieve you of this burden.
Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.
In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:
• The pros and cons of voluntary registration
• The timing of compulsory registration
• Extracting maximum benefit from the rules on de-registration
• Partial exemption
• Timing and delaying VAT payments
• Flat rate VAT schemes
• VAT on imports and exports
• VAT control visits HMRC
Bookkeeping & Accounting
The last thing you want in your business is to have your valuable time and resources tied up with routine bookkeeping and accounting.
That’s something we can do for you, either at your office or at ours.
We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations.
But we don’t stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:
• Cashflow
• Profitability
• Performance ratios
• Customer activity
• Credit control
• Budget comparisons
In addition we can also relieve your staff of the burden of preparing:
• Payroll administration
• VAT returns
• Bank reconciliations
• Annual accounts
Business start-up
You want to start a business because you are an entrepreneur with a great idea and the vision to realise it.
And we’re here to help you do just that.
We want you to focus on what you do best – building your business – while we provide all the necessary background support.
Here are just a few of the ways we can help you get started:
• Preparing a comprehensive business plan
• Determining the best structure of your business: sole trader, partnership, limited liability partnership, or limited company
• Where appropriate, assisting with company formation and company secretarial duties
• Registering your new business with the HMRC
• Establishing relationships with banks, insurers, etc
• Preparing cashflow projections and assessing finance needs
• Preparing and submitting finance applications
• General bookkeeping, VAT, and payroll duties
• Tax planning
• Management accounts
• Annual accounts and (where necessary) annual audit
Company Secretarial
The Companies Act requires companies to submit various documents within strict time limits. Not only is this a considerable administrative burden, failure to comply can result in potentially severe penalties for directors.
We can relieve you of both the burden and the worry by helping with your Company Secretarial duties. Our service includes:
• Preparing and filing accounts and annual returns
• Maintaining statutory registers:
• Register of Allotments
• Register of Transfers
• Register of Members
• Register of Directors
• Register of Secretaries
• Register of Directors’ Interests
• Register of Mortgages and Charges
• Preparing and filing Companies House forms recording:
• Changes of officers
• Changes of registered office
• Increases in share capital
• Allotments of shares
• Changes of accounting reference date
• Preparing documentation for annual general meetings
• If required, acting as company secretary of your company
• If required, providing your company with a registered office address
Corporate recovery
It is a well known fact that many business failures could have been avoided if the owners had taken the right advice at the right time. Some of the most common causes of company collapse are bad debts, reduced demand, excessive borrowing, and low property values. All too often business owners do not face up to these problems until it is too late.
Moreover, directors who ignore such problems run the risk of committing offences under the Insolvency Act such as fraudulent trading, misfeasance, wrongful trading, and preferential or undervalue transactions – for which the penalty might be disqualification, or worse!
The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice a company may be saved from liquidation or receivership, particularly if there is a genuinely profitable core to the business.
Our team of trained professionals can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. In some cases we can help you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.
If it is necessary for your business to go into administration, receivership, or insolvency, we can advise and assist you, but the best advice is to come in for regular business health checks so we can identify potential difficulties at an early stage and recommend appropriate courses of action in good time.
Corporate tax planning
We can conduct a full tax review of your business and determine the most efficient tax structure for you. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line.
As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with corporation tax.
In this way you can:
• Minimise your corporation tax liabilities
• Make the most of any available reliefs, tax losses and deferment opportunities
• Ensure you meet all your CTSA deadlines and file your returns correctly, thereby avoiding any potential penalties
In addition to helping you with your corporate tax planning we can also represent you in any communication with the tax authorities.
Why take up valuable time and resources dealing with corporation tax when we can do it for you?
Financial accounts
Our experienced team combine knowledge and skills to provides a broad financial accounts preparation service for all clients, irrespective of business size or complexity. Our clients include sole traders, limited companies and partnerships who call on us to provide a reliable, fast and effective service.
Ultimately, our aim is to help clients maintain proper/complete records and strong internal controls throughout the financial year to make the process as simple and cost effective as possible. We help clients comply with all their obligations to fulfill their statutory requirements, preparing accounts for shareholders, the Inland revenue and the Companies house as part of our comprehensive service.
Mergers & acquisitions
If you are considering expanding your business through a merger or acquisition, we strongly recommend you seek appropriate professional advice and assistance to ensure your interests are best represented in any subsequent transaction.
Why not contact our M&A team? They can advise on and help with:
• Strategic planning to determine suitable acquisition criteria
• Identifying suitable candidates companies
• Conducting feasibility studies
• Developing a negotiating strategy
• Performing financial and operational due diligence
• Preparing the necessary financial projections
• Identifying potential finance sources
• Preparing and presenting finance applications
• Assisting with negotiations
• Assisting with post-acquisition integration
It is equally important to seek professional help and advice when disposing of a business.
We can help with valuing the assets, preparing the business for sale, finding suitable purchasers, and negotiating the sale.
Above all, we can help you time the disposal so as to minimise your tax exposure.
Financial Accounts
Our experienced team combine knowledge and skills to provides a broad financial accounts preparation service for all clients, irrespective of business size or complexity. Our clients include sole traders, limited companies and partnerships who call on us to provide a reliable, fast and effective service.
Ultimately, our aim is to help clients maintain proper/complete records and strong internal controls throughout the financial year to make the process as simple and cost effective as possible. We help clients comply with all their obligations to fulfill their statutory requirements, preparing accounts for shareholders, the Inland revenue and the Companies house as part of our comprehensive service.
Corporate tax planning
We can conduct a full tax review of your business and determine the most efficient tax structure for you. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line.
As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with corporation tax.
In this way you can:
- Minimise your corporation tax liabilities
- Make the most of any available reliefs, tax losses and deferment opportunities
- Ensure you meet all your CTSA deadlines and file your returns correctly, thereby avoiding any potential penalties
In addition to helping you with your corporate tax planning we can also represent you in any communication with the tax authorities.
Why take up valuable time and resources dealing with corporation tax when we can do it for you?