Often, clients dread the monthly or quarterly nightmare of preparing VAT returns and worrying about VAT inspections. Let EAS process your documents, complete your return, advise the amount due or repayable and deal with inspections on your behalf.
We also have extensive knowledge of that various schemes available for VAT, which could save you money. We review your suitability for these schemes regularly, as part of the service.
Our complete VAT service includes:
- Processing Output VAT from your record
- Processing Input VAT from your records
- Calculating any Retail Schemes
- Calculating the VAT liability or refund
- Arranging electronic settlement of your liability
- Referencing the documents and maintaining audit trail
- Dealing with VAT inspections and answering any enquiries raised
Construction Industry Scheme ("CIS")
The Construction Industry Scheme is a UK tax system which applies to contractors and sub-contractors in the construction industry. In certain circumstances, when payments are made by contractors to subcontractors, the contractor must deduct and withhold some tax. This deducted tax is then paid over to HMRC by the contractor, and is regarded as tax paid by the sub-contractor. CIS is therefore similar to PAYE for employers / employees.
When the sub-contractors make their Self-Assessment tax returns at the year end, they can count this deducted tax as already paid. This may result in either a balance of tax to be paid, or a refund. EAS can assist in all areas of CIS registration and management;
- CIS Registration with HMRC
- Contractor's Monthly CIS Return
- CIS Tax suffered by a Self-Employed Sub-Contractor
- CIS Tax suffered by a Limited Company Sub-Contractor
Every business wants to grow, become more profitable and maximise tax efficiency. EAS takes an integrated approach to your tax arrangements, including completing your tax returns, calculating liabilities and filing your returns to required deadlines.
Filing your returns correctly and on time is only part of your tax picture. We'll also look at other aspects, including your eligibility for tax reliefs and allowances and by working in this way, we'll help you to maximise tax efficiency.
For example, if you are operating as a sole trader, partnership or limited liability partnership, we can explore whether the tax benefits of incorporating as a limited liability company make this the right option for you. We can also look at the most tax-efficient approaches to remuneration for yourself or other members of your team.
If you want to expand your business, or buy new equipment to help move your enterprise forward, we can advise you on how you can make investment work for you by taking advantage of the tax relief provided by the Annual Investment Allowance and capital allowances.
And if your business is involved in science and technology, you may be eligible for valuable research and development tax credits – worth 225 per cent of qualifying expenditure for SMEs – that can put money back into your business and make a real difference to its financial health.
By working with EAS, your tax planning will become an integral part of planning work to support your performance improvement and business growth.
Because your business and personal finances are closely linked, we can also advise and assist with personal tax compliance and planning, including income tax, capital gains tax and inheritance tax planning.
With increasing regulation and compliance requirements, payroll is an ever more complex area. Providing solutions tailored to your needs, we pride ourselves on the highest levels of accuracy, confidentiality and quality of service.EAS build strong client relationships and offer the kind of attention to detail you would expect from an in-house payroll department. As for reporting, we can provide data which integrates seamlessly with your accounting software and management information processes.
Our payroll team can provide salary payments direct to recipients' bank accounts.
- Expert external payroll resource with the confidentiality and commitment to accuracy of an internal set-up
- Fully conversant with the latest legislation and submission requirements
- We also offer training and advice on payroll issues