Practice Areas
Our Consulting team provide a dedicated service to the sector and have an extensive array of experience and expertise in advising professional clients from sole practitioners to medium size entities.
Clients we can help include the following:
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Solicitors
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Artists
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Social workers
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Construction Engineers
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Estate agents
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Financial service advisors
We can guide practices through the decision - making process, looking at the various pros and cons of individual structures so that the business owners can make an informed choice to serve the needs of the practice at the current time and longer term.
If you are looking for a team of reliable, professional and approachable Accountants who will do more than just respond to your needs, who will work with you in a pro-active manner to help you succeed, we would be delighted to be of service.
Taxation Services
Our taxation services include personal, business, corporate and VAT.
The personal tax may require assessing the aspect of all personal incomes that need to be accounted for under self- assessment like rental income, dividends, etc.
The business taxation is where we apply our professional expertise to get the best taxation outcome for our clients by complying with tax laws. The businesses that can benefit from our taxation expertise include those that need to comply with Construction Industry Scheme, IR35, etc.
We take care of corporate tax affairs for limited companies that include those in Construction Industry Scheme, Healthcare and others. Our dedicated experts ensure that our clients know what transactions are tax allowable and those that are not tax allowable.
For VAT registered businesses, we extract the input and output VAT from the business transactions and match these two figures to get the net VAT value. The quarterly return is handled by us after the client has agreed the figure.
All the above taxation services are submitted electronically to the respective authorities.
Payroll Services
Payroll entails a lot of knowledge requirements that may not be available to general accounting staff in a business organisation. We have dedicated staff who specialise in payroll and who are always ready to answer clients’ questions.
We provide payroll services as part of clients’ overall business accounting requirements. We also provide payroll services as a bureau if this is preferred as a separate service. We handle the automatic enrolment/workplace pension for our clients.
Accounting Services
For clients/businesses who do not have accounting staff to record the daily business transactions, we provide bookkeeping services. We will keep record of their business transactions; do the analysis of these transactions by putting each transaction monetary value under the relevant ledger account. This makes it easier for the business to determine total daily, weekly, monthly and quarterly value of incomes and expenditures. The overall benefit includes making budgeting, forecasting and accounting preparation easier.
We prepare business and corporate financial accounts that comply with accounting standards and statutory regulations.
Value Added Tax
Value Added Tax was introduced by the Government to generate revenue for the Treasury. Many business owners do not understand this. Many think it is just another way to make money for the business. This is probably why some business owners run into trouble with HM Revenue and Customs.
At Godwin Falade and Co; we take care of all aspects of VAT from registration to recording of transactions to calculation and submission of VAT returns to HM Revenue and Customs. We always educate our clients on what VAT registration entails for the clients if they have not reached the threshold for VAT registration scheme. We will always be the best hands for your VAT service requirements.
Personnel Training
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