Services of Kam & Co

Accountancy Service

We provide cost effective services to a wide spectrum of businesses; from individual Traders to Partnerships to Limited Companies to Clubs, Organisations and Associations. With our expertise and experience, we provide our clients ways of improving their business. Our accounting services looks into the individual requirements and finds ways to improve the performance and profitability. We prepare your accounts in accordance with the accounting standards and will make sure that your entitlements are all claimed.

Accounting Advisory ServicesUnlimited advisory service, whenever you need an expert advice on the accounts
Preparation of Annual AccountsWe will prepare and submit your annual accounts timely to Companies House in due compliance.
Preparation of Management Accounts - monthly or quarterlyManagement Accounts for the business will be submitted every month or quarter as required so that you will know exactly how you perform
Book KeepingAll of your invoices, expenses and receipts into your accounts will be entered by us for you, maintaining the sales ledger and credit control, purchase ledger, cash and bank reconciliation
Courses and TrainingWe provide courses and training in Book- keeping. We have a wealth of experience in providing bespoke courses and training.
PAYE, NI and VAT Preparation & Submission of ReturnsWe'll create, approve and submit your PAYE, NI and VAT returns to HMRC.
Personal Tax ReturnYour personal tax return will be prepared and submitted by us, considering the tax allowances and adjustments

Tax Planning

Tax Planning is inevitable! Whether you are a business or an investor, good advice is vital. Every other year, new rules and regulations are coming and the tax regime is one complex regime which needs right tax advice at the right time.

Income tax Advice on Personal Tax & Preparation of Personal Tax Returns
Capital Gains taxAdvice on Capital gains Tax, Asset sales
Inheritance tax Advice on Inheritance Tax
Business tax planningAdvice on Tax Mitigation Products, VAT, Corporation Tax, Assistance with Tax Enquiries, Investigations and Tribunals
Company & Partnership TaxationAdvice & Preparation of Partnership Tax Returns, LLP Tax Returns, Corporate Tax Returns
National Insurance ContributionsAdvice & Preparation of National Insurance Contributions
P11D benefits and Employer ComplianceAdvice on P11D benefits and Employer Compliance
Remuneration Planning
Advice & planning of Remuneration
Self-assessment tax return serviceAdvice & Preparation of Self-assessment tax return service

Payroll Services (To comply with new regulation RTI for year 2013/14 – Real Time Information)

All aspects of payroll, from setting up an Employers Scheme with HMRC to the calculation of your employees’ net pay and deducting their applicable tax and National Insurance contributions to printing the payslips are provided by us.

We are trained to advise our clients in all aspects of payroll preparation and compliance. We run payrolls on time and provide a personalized payroll service. Our services ease the burden and hassles of managing payroll while saving you money in the process. We handle the administrative paperwork and management necessary to secure compliance with all tax and legal requirements.

Employee payslips (with copy of employers copy)Preparation of payslips and reports
Monthly Summary Sheets itemising all pay roll deductions for the periodPreparation of payslips and reports including summaries and analyses of staff costs
Payment Record sheet for Tax and NI paymentAdministration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc;
Setting up of new staff and P45 for those leavingCompletion of information for adding the employee and preparation and submission of P45
Provision of analysis of staff costsAdvice on staff cost efficiency
PAYE returns for the RevenueSubmission of PAYE returns to HMRC on time
Sick pay, Maternity pay and Student LoansManaging statutory sick pay or maternity pay & dealing with student loan deductions
Year end Employer Annual Return P35Completion of statutory forms, including yearend returns, to issue to your employees and submit to the HM Revenue & Customs.
P60 and P14Employee summary P60's and P14 and other benefit and expenses returns
Employment tax issuesComprehensive advice on all employment tax issues

Business Advisory

Our Business Advisory and Management Consultancy services provide support to businesses at all stages of their development. When you have a business idea or a proposition for a business, come and see us and then we will help you to find out the suitable structure for your business. We will evaluate the potential of the idea and will prepare a business plan and will model the entity; sole trader, partnership or limited company, to see how the entity is beneficial to the idea and the proposition.

We offer a speedy company incorporation service and our team of trained experts will assist you in all matters of the business, be it to advice and prepare a business plan, cash flow projections, budgets, and trading forecasts or to assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals or complete the legal formalities or companies house requirements.

Our expertise helps the companies to identify the areas where they can improve and we produce graphs and charts illustrating how the business can be improved, streamlined and where the profitability can be enhanced.

New Business set up
Business Plans
Project Financing and Profitability Analysis
Budgetary Control System
Company Secretarial
Financial Planning
Materials Management and Inventory Controls
Cost Studies
Marketing Studies
Placement Services
Information Technology Services

Solicitors Accounts

We are specialised in Solicitor and SRA registered firm’s accounts. Under the current rules, all the Solicitors and the Multidisciplinary Practices who handle client money are required to comply with an annual accountants report. Kam & Co offers the expert advice and report for the SRA compliance. Our reports are comprehensive and completely in consonance with the accounting rules. We hold a wealth of experience in dealing with the specialist tax and compliance issues facing the Solicitors and firms. We also introduce software for Solicitors Accounts based on the size of the firm and the requirement.

Compliance with the Law Society
Manage your financial responsibilities as a Solicitor and firm
Claiming the benefits and allowances
Providing Accountant's Certificate
Preparation of accounts and Partners personal taxation
Tax efficient remuneration planning
Deal with VAT, Tax matters
Plan for your financial future
Maximise your earning potential and minimise your income tax bill
Prepare rental accounts
Minimise capital gains tax liabilities
Advise in SRA matters, Investigations by the Law Society
Advising on Partnership changes

Auditing

Auditing is carried out through our reliable established Consultant. The increase in the turnover limit has exempted most companies from the audit. However in some instances an audit may still be necessary, like where the bank or shareholders or authorities request.

Companies who requires the audit services is been offered our consultant’s auditing services. Our consultant’s currently provide audit services to companies, Solicitors and all other organisations if required.

Our vast experience in the preparation of accounts to regulatory standards means that you can carry on with your business in the knowledge that we will ensure that all requirements are met. It’s our aim to provide a cost effective service. Audit provides an opportunity to review the finances of company and we take auditing as a measure to see where the company is going and how the business is performing. We use the findings to identify the weakness and often provide advice to improve the performance.