PREPARATION OF ACCOUNTS

Preparation of accounts for Limited Companies, Partnerships and Sole Traders of all sizes from all industries. We prepare both annual accounts and management accounts.  We will always ensure that all compliance based deadlines are met for the annual accounts and we also use this as an opportunity for meaningful conversations around the business performance and strategies for the future looking for growth opportunities for your business.

CLOUD ACCOUNTING

Is your business ready for making tax digital?  Is your business proactive and taking the necessary steps to future proof your business?

G O Thomson & Co are partners with the leading cloud accounting software providers in the UK and can help you prepare and plan for the future.

Making tax digital will be the biggest change to VAT in decades.  From April 2019, VAT registered businesses with a turnover greater than £85,000 will be required to keep digital books and records.
Cloud accounting should be viewed as an opportunity rather than a chore. For some it may be driven by the requirements of making tax digital but being able to access real time accounts and management information enables you to make informed decisions for your business. Cloud accounting will take care of the MTD requirements and can shift your focus from the compliance burden to running and growing a successful business.

AUDITING

As registered auditors, we can provide cost effective audit services for Limited Companies and Charities.

TAX PLANNING

We provide advice on a whole range of taxation issues. We can advise on all areas of taxation, including income tax, corporation tax, capital gains tax, inheritance tax and VAT. We can carry out tax planning for individuals and businesses to minimise liabilities and ensure there are no unwelcome surprises.

We also provide a bookkeeping and VAT service where we maintain your books on accounting software and complete your VAT returns meeting all existing requirements while being ready for the changes coming in relation to making tax digital.

PAYROLL SERVICES

We operate a comprehensive payroll bureau service for many clients to meet all of the statutory requirements. We can also provide advice on tax efficient remuneration and provide a complete payroll service in this increasingly complex area.

BUSINESS START UPS

We offer bespoke services to each of our clients, tailored to their individual needs. We pride ourselves in being trusted advisors from the birth of a business, providing support, guidance and advice throughout the lifespan of the business and providing support should the business be seeking an exit strategy.