Our Services
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Tax Planning
Book Keeping
Compliance
Inheritance tax planning
Wealth Management
Payroll- RTI
Company Start up
Business development
Your growth and sustainability advisors
Our planning specialists work together with you to devise a strategy for you and your business. They develop a plan and assist in implementing the necessary steps, principally as follows:
Situation analysis; a study of the current position of your business in terms of operations and facilities and its position in the market.
Exit strategies; a study of your personal objectives in the context of your business.
Achieving your goals; the achievement of your goals
may involve:
- Business development
- Devising and implementing systems
- Implementing cost efficient procedures
- Implementing accounting systems and analysing results
- Market research and competitor profiling
- Feedback from suppliers, customers and staff
- Selecting and training future leaders
- Succession planning
- Wealth creation and planning
- Tax planning for you and your family in the context of your business
Tax Consultancy
The team is dedicated to the identification and
implementation of bespoke planning solutions, designed to minimise all forms of taxation for our clients, reduce tax risk and support their commercial and personal objectives. The team’s work covers all phases in the life of a business and its owners, including planning for:
- Business start-up; including the choice of business medium, the establishment of ownership structure and maximisation of investment reliefs, where appropriate
- Existing business medium and structure; including regular profit extraction management and corporate
reorganisations for capital tax purposes
- Acquisitions; of businesses and major assets
- Minimisation of business tax; by maximising all reliefs, capital allowances planning, use of all tax incentives and opportunities available
- Retention of key personnel; to include all aspects of
remuneration, share option schemes and other incentives
- Retirement; including pension planning
- Disposals; of shares and major assets
- Succession; including planning for inter-family transfers.
- Death; and the transfer of wealth to the family during
lifetime
- All other specific events and transactions; including,
for example, emigration, divorce, property investment etc
Our planning work encompasses all UK taxes, including
Corporation Tax, Income Tax, Capital Gains Tax, Inheritance Tax, Value Added Tax, and Stamp Duty in particular. We liaise with overseas taxation advisers where our planning proposals and our clients’ circumstances require it and we have relationships with various offshore professional firms who may be required to assist in the implementation and running of offshore structures.
Accounting Services
MRK Accountants can act as a one-stop shop for all your business bookkeeping and accounting needs.
Your business may not require a full bookkeeping service and therefore we offer you a tailored solution that will dovetail with your existing finance function.
We can provide the following services:
- Sales invoicing and credit control
- Purchase ledger maintenance and making payments to suppliers
- Bank reconciliations
- Accruals and prepayment calculations
- Recording and maintaining a fixed asset register
- Checking and reimbursing expense claims
- Experienced in the major computerised accounting packages, an approved Sage reseller
Management Accounts
We prepare management accounts that are accurate and timely, not only providing you with the financial information, but also the analysis and interpretation of the financials produced, thus freeing up your time to drive your business forward.
Payroll bureau
- Regardless of holidays, illness etc your staff need to be paid on time. Not only do we guarantee confidentiality, with a dedicated specialist team, we ensure that staff queries are answered and acted upon in a timely and professional manner
- We can also arrange payments from the company’s bank account directly into the employees’ personal accounts along with advising payments due to HM Revenue and Customs and dealing with any Attachment of Earnings.
Real Time Information (RTI) - Are you Ready?
The introduction of Real Time Information or RTI represents one of the biggest changes to the collection of Income Tax and National Insurance since the tax was originally introduced in 1944. RTI means information about all PAYE payments will need to be submitted to HMRC online each time a payment is made as part of the payroll process, rather than at the end of the year as they are now.
RTI is mandatory and is being introduced with effect from April 2013 and will affect all employers.
HMRC will write to you with a staging date four weeks prior to the compulsory use of RTI to check the readiness of your payroll and you will then be invited to do a compatibility test to check the accuracy and completeness of your payroll information. If any of your employee details are incorrect the whole submission will be rejected and must be corrected before wages can be paid.
Our payroll experts can help you prepare for RTI. We can:
- Assist with the data cleansing process
- Re-design employee forms
- Align data with HMRC
- Review your payroll procedures
- Provide payroll support
- Provide a payroll function for your business that is RTI compliant
Welcome to MRK Accountants