Company Formation

We handle new company formations and will assist you in registering your company.

Our services include changing company names, conducting company searches, updating company directors and company secretaries, amending accounting reference dates, and filing Annual Returns and Accounts.

We also provide a registered office address facility upon request.

Bookkeeping

We are here to relieve you and your staff from the challenges and burdens of in-house bookkeeping and accounting, including the preparation of your annual accounts.

We work closely with our clients to gain a full understanding of their business and how it operates. We have the capacity and flexibility to tailor our approach to your needs, delivering the most appropriate service for your business.

A key aspect of this service is the preparation of management accounts. We consider these vital to the continuity and success of your business. We discuss your requirements with you and provide tailored information and constructive advice on a regular basis.

Annual Accounts Preparation

We prepare accounts for a wide range of clients, including sole traders, partnerships, and limited companies.

We ensure that your accounts comply with statutory requirements while also reviewing your business as a whole. We suggest ways to improve profitability and efficiency, keeping your short-term and long-term objectives in mind.

We meet with you, collect your paperwork, and prepare your accounts. Your initial meeting is free of charge.

Self-Assessment Tax Returns

We prepare all necessary information for your tax returns by liaising with you directly. We complete the tax return accordingly and forward it to you for approval before submitting it online.

VAT Returns

We provide a regular, accurate, and timely accounting service, including the preparation of VAT returns. Our expertise in VAT matters ensures that your VAT obligations are handled efficiently and correctly. For clients whose bookkeeping we manage, the cost of preparing management accounts and annual financial accounts can be significantly reduced.

Our efficient and cost-effective VAT services include:

• Assistance with VAT registration
• Advice on VAT planning and administration
• VAT control and reconciliation
• Help completing VAT returns
• Processes to avoid future issues with HMRC

PAYE & CIS Submissions

Our Payroll Department handles all statutory requirements, including the preparation of weekly, fortnightly, four-weekly, or monthly payslips and payroll reports. We liaise with HMRC, advise you of PAYE and National Insurance Contributions due, and prepare your year-end returns.

We also manage all payroll matters, including Statutory Sick Pay, Statutory Maternity Pay, Student Loan Deductions, and Working Families’ Tax Credits, and we provide advice on employment law matters.

Management Accounts & Information

We prepare cash flow forecasts to help reduce your expenditure and identify patterns in your business spending. We can forecast up to five years ahead and evaluate areas where costs can be reduced.

Business Plans

We provide advice on the most suitable legal structure for your business—whether sole trader, partnership, or limited company. You may be able to make significant tax savings by switching to the structure best suited to your needs.

Ankara Agreement (ECAA)

The European Community Association Agreement (ECAA) allows Turkish nationals to establish themselves as workers or business owners in the UK. At Ozgul Accounts, we provide full accountancy services for sole traders and small to medium-sized limited companies. In addition to preparing accounts, we also advise on tax savings and compliance.