SMEs & E-commerce Accounting Specialist

Nowadays, due to the hard economic situation, businesses are experiencing different challenges. Yet whatsoever the difficulties are, you can rely on the practice and knowledge of Vital Signs Accountants. We offer a complete package of Business Accounting Services to suit your needs. Our supportive team of professional accountants are working throughout the UK and with International clients providing a range of accountancy and business planning services. Our professional and friendly team treat you more like a colleague rather than a client. Our dedicated team has worked with all types and sizes of businesses. So, whether you’re a start-up, a traditional well-established business, a recruitment agency, a contractor or an online seller require more technical software needs, we have the experience to help.

  • Personal tax and wealth planning
  • Amazon VAT Services
  • VAT Services
  • Bookkeeping Services in UK
  • Year End Accounts
  • Accounting and Business Support
  • Business Plans / Cash Flow issues
  • Business Start-ups & setting up systems
  • Company Formation
  • Corporation Tax
  • Payroll & Auto-enrolement Pension Reporting
  • Self Assessment & Income Tax
  • HMRC enquires
  • Tax advice and planning
  • Other Accounting Services

From Companies House registration to tax planning and accounting, our experienced team will help you strategise and decide whether incorporation is right for you and your business. Should you decide to proceed, our team will be by your side, every step of the way, to ensure your success. Just imagine how much sufficient time you’ll have to plan about making your business more profitable if we take all this off your hands!

Payroll in the UK can be run once-a-month, which is normal in the UK, or on a weekly basis if chosen. Part of running the payroll includes gathering UK payroll taxes from employees' wages. Overseas businesses essentially consider both income tax and National Insurance tax. Did you know that more than millions of people are paid through the Pay As You Earn (PAYE) system every month? That’s a huge responsibility carried out by employers. Real-Time Information (RTI) is the system the UK uses to report payroll information. Under RTI, employers have to report their payroll data to HMRC online. RTI requires payroll data to be sent before, or at the same time, the payment of salaries is made. Once the data has been submitted it cannot be overwritten or re-done. Errors in RTI can be costly to employers managing their foreign UK payrolls. At the end of the UK tax year (5 April) you need to make your final report for the year to HMRC and provide each of your employees with a Form P60, which summarizes their total pay and deductions for the year. You will also need to advise HMRC about any expenses and benefits as part of your year-end reporting. Employers have to advise HMRC if a new employee joins or if an employee’s circumstances change. This forms a part of payroll reporting.

Managing your payroll can be time consuming for you even if you only have a few employees. The task is made more complicated by changes in employment legislation and taxation as well as the new penalty regime for late submissions.

By outsourcing your payroll task to us, however, you can save time, reduce expenses, enhance governance and cut down on clerical inaccuracies promptly. Speak to Vital Signs Accountants today to learn more about the marvelous benefits of outsourcing payroll.

At Vital Signs, we have a dedicated payroll team who can take care of the management of your payroll from PAYE to P11Ds, our services include:

  • PAYE, National Insurance, Statutory Sick Pay and Parental Pa
  • Year-end submissions and reports
  • Dedicated payroll service advisor
  • Customized pay slips and Electronic -pay slips
  • Weekly or monthly payroll cycles
  • Departmental reporting
  • Incentive schemes, Holiday schemes, bonuses and termination payments
  • Dealing with various types of pension contributions
  • Dealing with new starters and leavers, including issuing P45s to leavers
  • Employee loans and deduction orders
  • Employee loans and deduction orders
  • Pension schemes administration and setup
  • Management of Auto-Enrolment responsibilities
  • Staff contracts and policies
  • P11D filing
  • BACS & auto pay payments
  • Dealing with all statutory payments
  • All aspects of RTI reporting to HMRC.

It’s our business to keep you lawfully compliant, so you can focus on what’s important: running your business. From keeping your automatic enrolment pension scheme working smoothly to issuing electronic pay slips on time, every time, we are the one-stop compliance solution for payroll. Whether it’s for one person or 1,000, our dedicated experts will guarantee that your payroll function is run like clockwork. No ifs, no buts. There is a constant pressure to meet filing and payment deadlines, not forgetting the primary issue of paying your staff correctly. As a director, you can spend so much time working in the business rather than on it that strategic plans become redundant and company growth falters.

The new off-payroll working rules, coming into effect April 2020, significantly change the employment environment for industries who rely on temporary contracted work. Our team will help you navigate this complex legislation by determining the employment status of workers and ensuring you and your staff are paying the correct amount of tax.

We are able to remove this source of ongoing stress by introducing you to qualified, reputable payroll specialists who will ensure you remain compliant and deal with HMRC issues on your behalf.

Your business must prepare full annual accounts and a company tax return at the end of the financial year. Your business needs to prepare accounts and tax return to meet deadlines for filing with HM Revenue and Customs (HMRC) and Companies House.

At the time of year-end accounts of your business, our executive will work with you to ensure the availability of prerequisites we need to file your accounts with HMRC. We'll also take care of your corporation tax return and confirm exactly how much corporation tax is due to pay. Whether you are a businessperson, firm or limited company, our standard compliance work includes:

  • Accounts preparation. management accounts & abbreviated accounts if applicable.
  • Dealing with Companies House and ensuring compliance.
  • Our online accounting software helps you keep on top of your limited company accounts and bookkeeping. Send invoices, record expenses and get a real-time view of your accounts and how much tax you owe - anytime, anywhere.
  • Unlimited support throughout the year.

Here at Vital Signs, we go that extra mile and don’t just provide you with a set of accounts. We provide critical information that you need in order to steer your business in the right direction. One of our key strength is where complex issues arise, our joined-up approach allows seamless access to expertise from all services, ensuring that you receive the very best advice.

Reliable accounting records not only ensure your company’s compliance with current legislation, they provide the basis on which key decisions are made and help to drive long-term business growth and strategies. A lot of firms claim to reduce your tax bill, however, one key ingredients that all firms overlook is the actual preparation of the accounts. The tax payable calculation can only be as good as the accounts that have been prepared. Using our wealth of knowledge and a high reputation for preparing accounts we combine this with our skill for thinking outside of the ‘box’ to save you tax. We provide an efficient, reliable and affordable year-end accountancy service. This includes the accounts preparation, discussion at the client meeting and subsequent filing of the accounts with both Companies House and HMRC.

It is a Companies Act requirement that your books are properly maintained and kept up to date. Failure to do so can result in fines, or even imprisonment. In addition, the ever present tax man can enforce hefty fines, running into thousands of pounds.

Make bookkeeping errors a thing of the past with Vital Signs Accountants. Vital Signs Accountants provide a vibrant bookkeeping service you can rely on. Run your business with confidence knowing your accounts are error-less, tax-efficient and on the calendar. Our competent bookkeepers are specialists in finishing accounts to the highest standard. Our bookkeeping service will be handled by an experienced professional, qualified to ensure that you never pay more tax than what is required. We provide:

  • Bank reconciliations
  • Supplier payments due
  • Cloud accounting
  • Trustworthy bookkeeping for all sectors and industries
  • Processing sales invoices
  • Regular tax reviews.
  • Processing supplier invoices and reports

Running a business shouldn’t be a difficult. Speak to Vital Signs Accountants today about outsourcing your bookkeeping to save time, decrease overheads, enhance governance, and focus on what’s more significant for your business. The bookkeeping will often feed into the overall accounting process, so it needs to be handled by an experienced professional, to ensure everything is executed correctly.

Vital Signs Accountants are familiar with all the latest software & reporting and can take away the pressure of handling your books. We understand exactly what an accountant requires and can save you money by keeping your books in original condition!

From the beginning, our Vital Signs Accountant will guide you on when to register or deregister, the benefits of doing so, and how to contact HM Revenue & Customs (HMRC). Leave errors behind by outsourcing your VAT accounting to Vital Signs Accountants. Our team will ensure full compliance with HMRC to give you peace of mind, avoid penalties, and stay up to date with the latest legislation. You must submit a VAT Return even if you have no VAT to pay or reclaim. You typically submit a VAT Return to HM Revenue and Customs (HMRC) every quarter. This period of time is known as your ‘accounting period.’

Get affordable, expert VAT advice from Vital Signs Accountants today. With VAT specialists, our Making Tax Digital-ready service ensures full compliance.We ensure you’re paying the right amount of VAT. To do this, we’ll analyse your bookkeeping records, check for errors and inaccuracies and double-check your records. Our experienced team of VAT accountants are able to work with whichever bookkeeping service you have subscribed to in order to assist with your VAT returns.

We are offering services like:
  • VAT registration or deregistration
  • Bookkeeping analysis for VAT efficiency
  • Assistance in VAT and Submission of VAT returns
  • VAT accounting and retail schemes
  • VAT planning, control and administration advice
  • Advice on exemptions and partial exemptions
  • Handling VAT disputes with HMRC
  • Flat Rate Scheme advice
  • VAT compliance advice and help
  • VAT reviews and expert advice
  • Advice and planning to minimise future issues with HMRC
  • Negotiating with HMRC in the wake of disputes

If your business is VAT registered, our Making Tax Digital compliant software makes submitting VAT returns to HMRC simple. We'll also let you know for upcoming VAT deadlines, serving you to avoid any penalties. Your VAT obligations kick in as soon as your business income across the registration threshold (currently £85,000). Our team can support you register for VAT, carry out regular reviews of your transactions, complete returns on your behalf and ensure you are paying no more than is required, all through the new Making Tax Digital reporting system.

A self-assessment tax return is a form issued by HM Revenue and Customs (HMRC) which is used to collect information on your income and capital gains for a particular tax year. HMRC uses the information you provide to check your tax liability for the year. The form includes sections where you can give information on any reliefs or allowances you are entitled to, which may reduce your final tax bill. The complexity of the self-assessment procedures mean that people are often tangled and run the risk of making their assessment incorrect. Every year almost a million of tax payers fail to file the returns before deadline and suffer an extra fine.

Vital Signs Accountant self-assessment facility makes sure that HMRC filing deadlines are met. Don’t let self-assessment tax you! If you struggle to understand how to complete your self-assessment return or fail to get it completed in time, why not let Vital Signs Accountant help to reduce the stress by managing the complete work for you? We’ll also observe all relevant aspects to see if we can minimise the amount of tax you have to pay. We will ensure that you avoid the substantial fines faced by many taxpayers who each year either submit their returns erroneously or unsuccessful to meet deadlines.

For businesses, it is important to know where they stand financially every month to take the next decision. Right information at right time is all you need to take the right decision about growth and funds you need. We understand the importance of the breakdown of the financial data for businesses, thus we produce the detailed monthly management reports for business which includes, cash flow, profit and loss and balance sheet.

The primary purpose of management accounting is to analyze information. They determine problematic areas and develop ways to correct them. They use the information to develop ways of increasing the company's profit. Management accounts for small businesses typically include a profit and loss account, balance sheet, cash flow statement and a short report. You can put the accounts together yourself, or more realistically, an accountant can do it for you. If you do require us to prepare management accounts throughout the year then there is always a saving in the year end fee for the preparation of the financial statements.

Management accounts may be boring for you, but keeping everything up to date and on time is essential for any successful business – and We love doing it! So handing it all over to us means that you have complete peace of mind that everything is being taken care of, professionally and on time. You’ll get monthly or quarterly management accounts, plus analysis and recommendations, so you can run your business more efficiently – and more profitably. Your books will be kept in perfect condition, so when it comes to year-end, it will cost you less to do the accounts. We’ll prepare and produce your year-end statutory report and accounts.

The management accounts of a company must be up to date, accurate and delivered in a timely fashion. Many businesses can be adequately controlled and guided with quarterly management accounts once margins and break-even levels are understood. We will always aim to achieve the highest level of useful information delivered with the lowest cost and intrusion into your business.