Accountancy Services
Clark Hearsey offer all the usual accountancy fare but with a personalised twist!
Steve Clark
Steve heads up the accounts side of things with Jane carrying out much of the day to day accounts preparation and attending to client queries.
Steve also deals with corporation tax and VAT.
Jane Young
Jane handles accounts preparation and day to day bookkeeping along with specialising in cloud systems. She also does VAT returns for clients.
Victoria Hearsey
Is in charge of personal tax including partnership tax. She does the tax returns for nearly all our clients, and also deals with company formations.
Victoria deals with forms P11D for benefits in kind.
Inland Revenue Enquiries are dealt with by Steve or Victoria, depending up on the client and the area the enquiry is into. We do offer an optional Tax Investigation Scheme which protects against the cost of an enquiry.
Denise Jebb
Denise is part-time and is usually in the office on Monday and Wednesday mornings.
Denise deals with all payroll matters, including workplace pensions and PAYE liabilities.
Glossary
Companies House
Based in Cardiff this is a government agency which deals with all the paperwork relating to the formation and control of a limited company
Dormant Company
A dormant company is a limited company that is not active. HMRC’s basic definition is that it is not trading. Companies House’s basic definition is that it has had no financial transactions through it in the year.
Limited Company
A limited company is a separate legal entity formed through which to run a business. It can offer some degree of protection to those to whom it belongs (the shareholders) but it does mean increased legal responsibilities. Crucially the company’s bank account is not your bank account and you cannot use it in the same way as the bank account for a self-employment.
www.gov.uk/business-legal-structures/limited-company
P11D
Where employee benefits are not payrolled a P11D will be required
PAYE Deductions
Pay As You Earn (PAYE) covers tax and the National Insurance paid by both Employers and Employees.
RTI
The Real Time Initiative is the process by which Employers report to HMRC the details of payments made to Employees on or before payday.
Starters and leavers are also reported together with changes such as an employee reaching State Pension age or becoming a director.