Self Assessment
With a lasting and reputable history of working towards the best for our clients we continue to offer a tailored approach in relieving financial burdens and uncertainties. Our team, to a matchless standard, is equipped with the knowledge and expertise to facilitate and take care of any situation, just leave the complexities to us.
VAT Returns
We thrive on strengthening our relationships with our clients by asking the right questions and providing accurate expert advice. Our experienced and proficient team will aid you in getting the accurate calculations and timely payments. Contact us today and find out how your time and money in managing your finances can be spared.
Year End Accounts
With our team positioned on the top of all regulatory and legislative development, you do not need to invest much time and energy in understanding any accounting complexities. Our services are bound to take stress off your shoulders.
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Bookkeeping
For twenty years we have believed that every client deserves a tailored and easy to understand service. Our experts have the knowledge and determination to provide modern solutions for your business.
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Payroll – PAYE
Do you have concerns regarding your payslip? We understand how busy you are. Outsource your problems to us and our accountants will facilitate of all of your needs, no matter how detailed and complex, we are here to help you realise your goals.
Corporation Tax
Our team has strived to lift the financial burdens off our clients’ shoulders. Get in touch with us today and let us do the same for you.
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CGT & IHT
With us by your side, there is no need to plan meticulously. Our specialised team will offer as many helping hands as you need. Contact us today and let us do the planning.
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Pensions
We are updated on all the regulatory and legislative developments, so you do not need to waste your energy and your precious time to understand accounting complexities. Get in touch with today and let us handle your financial matters.
More Services
Audit Account
“Why do you need an audit or why should you have one?” While checking and verifying information is necessary, account auditing should be more than just a compliance exercise. We will work with you and your organization to detect and prevent any potential concerns, give assurance of the financial statements' figures, and complete a general health check of the systems and checks in place. Quality is a cornerstone of our approach and we aim to deliver only the best of it as we understand the rising impact of pressure on businesses. Our (collaborated) account auditing team is led by a partner, and we take a personal, "hands on" approach to our clients. Members of the team contribute value to the audit process by utilizing their sector-specific knowledge. Our expertise will make your journey through the increasing societal pressures on businesses and ever-changing pace a breeze. A statutory audit will be necessary by law if you: You work for a PLC, a bank, an insurance firm, or a finance company (or a subsidiary of one of these) Your professional or trade organization requires you to get your accounts audited. Your stockholders aren't on board with opting out of the audit. Companies (including LLPs) must undergo a statutory audit if two of the following three conditions are met: The company has a turnover of more than £10.2 million. The overall value of the balance sheet exceeds £5.1 million. There are more than 50 employees. When their parent firm guarantees their liabilities, most subsidiary companies are likewise protected from audit. It is paramount to understand that even if it isn't required by law, there are legitimate reasons to have an account audit: From the perspective of banks and commercial lenders, HMRC, and suppliers seeking credit reference, an audit report can improve the standing of your accounts. If you decide to sell your firm or put it on the market, you will need a history of accounting with clean audit reports.
Startups Services
Look no further in your search for a competent Startup accountant. Starting a business can be daunting, frustrating, and time consuming, especially in the developmental stages. Let us aid you in cutting through the red tape and providing support at a critical point in your company's life cycle. We can direct you in the appropriate direction to build and grow your business due to our vast experience and with our tailored service packages we will ensure all of your needs are met. Many new firms overlook the need for Startup accountants until later in their business's stage such as when their first year concludes or when their VAT return is due. Take the ideal route and discuss your ideas and concerns with an accountant before beginning your project and maximise your gains from your tax planning and business. Contact us and let us help you flourish your business and projects. It is crucial to keep in mind that accountants do not solely serve the largest corporations. Small firms and individuals should take advantage of accountants to ensure that they follow HMRC and Companies House rules and remain fully compliant with relevant published policy.
Patent Box
A Patent Box is a tax reduction that was created in 2013 to help businesses minimize the amount of corporation tax they pay on patent income. Profits on product patents that qualify for the regime Profits are taxed at a lower corporate tax rate of 10%. Thousands of businesses have already benefited from the regime, and they continue to do so every year. Businesses have always used patents to safeguard their proprietary information, but in recent years, where innovation is continuously evolving, an all-encompassing invention is no longer viable. Would a patent be beneficial to your company? Can your accountant offer you the guidance and support you need to file a successful Patent Box claim? Do you have questions about how to apply for a Research & Design Tax Credit and how it relates to the Patent Box? Are you interested in learning more about the Patent Box? BMAS is a firm of accountants, auditors, and tax specialists with experience of filing Patent Box claims on behalf of a client. Why not take advantage of the FREE one-hour consultation to determine whether your company qualifies? We have collaborated with patent attorneys who share our beliefs of prioritizing the client’s needs and offering only the utmost best services.
Strategic Exit Planning
Do you require assistance with your strategic exit planning strategy? The selling of a small firm is a popular exit plan for many small business owners, as it allows them to retire with the proceeds of the sale. There have been a number of recent situations when selling a business has proven to be extraordinarily difficult, with some businesses failing to sell for what they are worth and, in the most extreme cases, failing to sell at all. We see the value in your efforts and will facilitate your needs and goals. Take multiple steps in the right direction by approaching us and let our expertise guide you. It has never been more crucial to incorporate a retirement strategy into your business strategy. BMAS may assist you in the following: Valuations based on market conditions and timing Implications for Taxation Buyout of a Share Buyout by the management Planning for Succession