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17/06/20 11:39
Important update to HMRC Job Retention Scheme
Written by:
Norman Elliott FCA
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We are a highly versatile team, enabling us to deal with any business and any type of business records. Our experience covers all sectors – commercial business, farming, fishing, legal and professional sectors, retail and distribution, manufacturing and engineering. We understand Margins, Net Returns and Financing, enabling us to help you take your business forward.
Our Tax Return and Management Services are operated to meet your requirements, to ensure that you comply with all deadlines and demands, eliminating penalties and charges. Our Tax Planning work is designed to let you retain the reward of your hard work, with workable solutions and structures for the long term.
There are so many things you may want to do. Re-finance. Acquire a business. Acquire land and property. Sell your business. We advise on all of these. We know the requirements and processes of banks and finance houses, and we can create your plan to make things happen.
Based in Downpatrick, we work with private clients in Belfast, Co Down, and Co Antrim.
Modern technology enables us to extend our reach throughout NI and the rest of the UK.
The future of accounting will be online and digital. There is no escaping this trend.
Business owners need to embrace digital and online accounting, to be prepared to deal with the changes to accounts and tax submissions that will become law in due course. Adapting to online accounts now will make your life much easier later.
Modern bookkeeping systems will be in the Cloud, enabling remote access by you and your staff from any location. That is a huge change in itself. No more disc searching, back up boxes.
These systems are going to be maintained and linked automatically to source material - invoicing, banking records, etc - giving you contemporaneous records and real time financial reporting. You will be able to monitor your business results on a daily basis.
And it will also give you the tools to make direct submissions to HMRC in the process they are calling Making Tax Digital.
We work with, and have experience of, all of the main cloud bookkeeping providers - FreeAgent, Quickbooks, Xero - and can take you through the process of taking your accounting online.
Our joint access to these systems enables us to monitor your bookkeeping and accounting records, directing you to where matters needs to be reconciled and maintained, ensuing your records are satisfactory for submission purposes and decision making.
We also work with Bank software for small businesses operating their banking through one of the many new Challenger Banks.
All of these systems will save you time and more importantly, will reduce your accounting costs!
Contact us by phone or email or complete the Get A Quote form on our website.
At Norman Elliott Chartered Accountants, we believe there is a better way to do accountancy. A more valuable, attentive way where clients are earned, not bought. We’re dedicated to business and we’re dedicated to our clients’ businesses.
We deliver a positive optimistic service for the management of your accountancy and tax functions. We’re efficient and timely, adding value for you. We help you maintain, develop and grow your business. How? By giving you advice, by saving you unnecessary tax bills, by saving you time….letting you get on with the matters you’re expert in.
At our core, Norman Elliott Chartered Accountants operates on trust, integrity, hard work, imagination and impact. We use our expertise in accounting and tax, so you don’t have to.
We have a brilliant team of capable and friendly staff, enthusiastic about our work, enthusiastic for you. Whatever our role within Norman Elliott, you’ll receive the same level of dedication. We’re moving forward with our use of technology and digital accounting. But we’re not losing sight of what you need.
Norman Elliott Chartered Accountants.
Authorised and regulated by the Institute of Chartered Accountants in Ireland.
Managing Director
Norman has a wealth of practical business experience. After a degree at LSE, he qualified as a Chartered Accountant with Price Waterhouse, then worked overseas, before founding Norman Elliott & Company in 1992. Norman grew and developed this business from scratch to become a leading independent firm in Lisburn, and sold it to a Belfast based practice in 2013. He joined a large UK national accounting practice as partner, spending three years advising and managing family businesses and companies in Cumbria and Yorkshire. Norman returned to NI in 2017, and acquired an interest in a private practice based in Downpatrick. He renamed the business, expanded it, and has opened a second office for the firm, in Lisburn. Norman has lived in Ballynahinch for over 25 years with his wife and two sons, and is well known and widely connected in business circles. He acts as a non-executive director for a number of private and charitable companies.
Business Services, Accounts & Tax
Joe trained and qualified as a chartered accountant with a large practice in 1991 where he developed the skills required to advise family businesses in issues of Accounting and Tax. Joe has many years of experience in the preparation of Statutory Accounts and Management Accounts, and provides advice on business structures, management systems and financial forecasting. In taxation, he has significant knowledge of Tax compliance and systems, making a major contribution to client’s businesses in the mitigation of costs, penalties and time. Joe takes an interest in general accounting computer software and hardware, and has assisted and advised numerous businesses when they were faced with changes, new equipment, and new systems. Joe lives in Co Down and his interests include restoring classic cars.
The Taxation Times
13 English Street
Downpatrick
BT30 6AB
UK
phone : 02844 616413
mobile : 07802 675837
email : info@elliottlaverty.com