MGB Accountants

Services

Providing a client-focussed and affordable service with built-in flexibility to enable us to react quickly to your needs.

We can provide the full range of support, compliance and advisory services to you and your business – from setting up initially through to advising on potential exit strategies! All work is undertaken on a fixed fee basis, either payable by monthly standing order or invoiced on completion of the work.

Business
start-up services

We can then advise on whether the business should be registered for VAT and PAYE;

Once agreed, we will set up the structure for you, including dealing with all relevant HMRC registrations;

We will discuss and agree with you the best mechanism for maintaining the business finances, and advise on the best software to use;

We can help prepare cash flow projections if needed for raising finance as well as recommending possible sources of finance;

We will meet with you to discuss the most appropriate structure for your business

The business can be registered at our Bristol office address, meaning that we can deal with all important correspondence, and forward any other paperwork to you

Ongoing Support

Preparation of annual accounts – we look to do this shortly after the business financial year, and then meet with you to discuss the figures in detail

Preparation of corporation tax returns – as part of the above process, for limited companies we will prepare the corporation tax calculations and return and advise on the liabilities falling due. We also aim to talk to our clients a few weeks before their financial year end to discuss any planning strategies to limit the corporation tax payable

Submission of VAT returns – VAT is a minefield, and can be very costly if got wrong. Whether they are monthly, quarterly or annual we can look after your VAT return submissions – either preparing them for you from scratch or reviewing your own book-keeping and correcting for any anomalies;

Book-keeping and management accounts – we can maintain the books for our clients, typically we will do so using Xero, and produce monthly or quarterly management reporting if required

Running payroll – we have a specialist payroll department to run the payroll for our clients, including providing payslips to employees, advising on PAYE liabilities and administering auto-enrolment pension obligations;

Self-assessment tax returns – we prepare tax returns for directors of limited companies, sole traders, partners, individuals with rental properties along with more complex tax returns with large investment portfolios. We advise our clients on their arising tax liabilities as well as any mitigation strategies

Company secretarial services – we can complete all of the Companies House filings for you, including the annual confirmation statement, new share issues, changes in directors etc

Other Services

Inward investment – we have developed a specialism in businesses with their headquarters overseas who for various reasons are looking to get a presence in the UK. We currently have clients based in USA, Japan, Spain, France, Netherlands, Switzerland, Portugal and Czech Republic who have gone down this route. We are able to advise them on the appropriate entity to register in the UK, and then help then will all of the above services ongoing

Share schemes – we can advise on the availability of HMRC approved share schemes – and prepare the paperwork for the appropriate scheme, including agreeing valuations with HMRC;

Exit planning – we can help businesses ensure they are structured correctly in readiness for an exit, and advise on the tax implications arising out of any proposed exit;

Forecasting – we can help you prepare detailed cash flow forecasting, whether this be for help obtaining finance, or simply for management information