Accountancy for Limited Companies

Nevill Hovey are here to help with accountancy services for Limited Companies throughout Cornwall and Devon. We constantly strive to improve what we do – to come up with fresh thinking in accountancy and new solutions to old accounting problems. A prompt and efficient personal service is what we aim for, all the time, every time.

Annual Accounts

We prepare accounts for sole traders, partnerships, limited companies, charities and clubs, dealing with both the routine issues and also identifying opportunities for you to save money or improve the performance of your business. Before finalising your accounts, we will discuss them with you in detail either here at our office, or if easier, we will visit you. We will also provide budgeting and forecasting services if you need them.

Management Accounts

As well as annual accounts, we can provide you with a more in depth view of your business on a monthly or quarterly basis with Management Accounts. This is particularly useful for larger businesses or those owned and managed by the same person, who require a more regular business health check up, or those expecting to make key decisions about their business. Again, budgeting and forecasting can be built in to this service for an overall view of where you can expect your business to be at any point in time.

Bookkeeping

Depending on your circumstances we can do as little or as much bookkeeping work as you need to ensure your books and records are kept up to date. This can be anything from raising invoices and any subsequent chasing required, running your purchase ledger and processing invoices, to processing the relevant information for filing a VAT return for example. We can also help you find a bookkeeper, or provide you with a regular onsite service ourselves. We are familiar with both Sage & Quickbooks, along with other accounting systems such as VT Transaction and More. We can help you install and run Sage & Quickbooks accounting software packages.

Tax Compliance & PlanningNevill Hovey can complete all of your tax returns, whether it’s income tax, corporation tax, PAYE/CIS or VAT. By completing your tax returns we make sure you comply with the latest regulations, whilst also identifying ways in which you can minimise your tax liability. Most, if not all, tax returns now require online filing with HM Revenue & Customs. We have the systems in place to do this easily and quickly. Regular tax planning can help you make informed decisions on the running of your business or protecting your personal wealth in light of constantly changing tax laws. We work closely with you to help reduce future capital gains tax and inheritance tax liabilities.

Payroll

We can run the complete payroll function for your business. In doing so, we ensure that all the correct payroll calculations are made for each employee, including SSP and SMP. P46 and P45’s are filed online using the most up to date software available. Your payroll can be run on a weekly, fortnightly, four weekly or monthly basis, depending on what format best suits your business. Outsourcing your payroll can save you time and effort whilst making sure that the latest PAYE guidelines are adhered to. In addition, your P35, P38 and P11d end of year returns can be run by us if you so wish. This can be a time consuming task that needs to be 100% accurate.

VAT

VAT, like most other taxes, can be very complicated. We guide you through the VAT system giving advice on whether you should register for VAT or not. If you are registered, we can help you submit your VAT returns, including online filing, and highlight any likely VAT liabilities. In addition, should your circumstances change, we can also guide you through the de-registration process.

Audit

As registered auditors, we also audit the accounts of larger companies and charities.