Whether you are an individual or a business we have services that can help you… 

Maureen and Beverley make accounting so much easier for me! They have saved me a huge amount of money by ensuring my accounts are correct and keeping me up to date with the latest news. They are both extremely approachable and down to earth so I never feel bombarded with jargon. As a small business, every penny matters and I really appreciate both the time and money their professionalism has saved me.

Claire

Raring2Go!

The team at Lamburn & Turner are extremely proactive and professional. They look after all my accounting and tax requirements so that I can concentrate on building my business. I always receive a prompt response to any query. Also they keep me up to date about HMRC new regulations, which is very helpful. Highly recommended, I wouldn’t go anywhere else.

Adrian

Subnetic Ltd

Sole Trader

As a Sole Trader you are your business.

As a Sole Trader you will be required to submit information to HMRC about your accounts on your self-assessment tax return.

We offer advice and guidance as to whether Sole Trader status is the best for you and your business.

Our Sole Trader services include:

Book keeping

 

Accounting

 

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Tax Advice

 

  • Checking your accounting records to ensure all applicable deductions are claimed
  • Preparing your VAT returns (if applicable)
  • Preparing year end business accounts
  • Calculating your tax liability to include any capital allowances you can claim
  • Preparing your self-assessment tax return
  • Advising you how much tax to pay and when
  • Filing your tax return on-line
  • Corresponding with HMRC as your agent on your behalf

Limited Companies

A Limited Company format is popular where you want to separate yourself from your business.

The key benefit of a Limited Company is that it offers limited liability protection to its shareholders so that if something goes wrong the responsibility is the company’s and not the shareholders.

The upside of Limited Companies is they are often more tax efficient though with recent changes to the tax legislation these tax benefits are reducing.  The downside is that they have significantly increased reporting requirements.

Our Limited Company services include:

Book keeping

 

Accounting

 

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Company Secretarial

 

Payroll

 

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Tax Advice

 

  • Processing payroll for your employees and filing with HMRC
  • Book keeping including preparing and filing VAT returns (if applicable)
  • Preparing statutory accounts from your accounting records
  • Preparing the Company tax return and advising you of your corporation tax liabilities
  • Filing your accounts and tax return with HMRC
  • Corresponding with HMRC as your agent
  • Filing your confirmation statement with Companies House
  • Advising you on the capital structure of your company

Partnerships

A Partnership is a business run by two or more people. Partnerships can be either unincorporated or incorporated, called a Limited Liability Partnership (LLP).

LLPs offer limited liability protection to the partners. Whereas, unincorporated partnerships don’t (i.e. the Partners and the business are treated as one).

We can advise on what business structure is most appropriate for your circumstances.

Our Partnership services include:

Book keeping

 

Accounting

 

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Tax Advice

 

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Company Secretarial

 

  • Book keeping, if required, and preparing VAT returns (if applicable)
  • Preparing the Partnership accounts from your accounting records
  • Preparing the Partnership tax return
  • Advising the Partners of their profit share for inclusion in their personal tax return
  • For LLPs – filing your confirmation statement with Companies House
  • Corresponding with HMRC as your agent

Personal Tax

Even if you don’t run a business, there are many reasons why you may be asked by HMRC to file a tax return. For example, you have investment income, rental income, you make pension contributions, you wish to claim tax relief on charitable donations, you have capital gains to report etc.

We can register you for self-assessment with HMRC and advise you about all tax implications.

Our Personal Tax services include:
Meeting with you to discuss your circumstances

  • Advising you on how you can organise your finances more tax efficiently
  • Calculating your tax liabilities
  • Completing your self-assessment tax return
  • Filing your tax return on-line with HMRC
  • Corresponding with HMRC as your agent

Extras

In addition to our main services we offer the following:

Business Planning

 

  • Preparing management accounts
  • Preparing independent examiner reports for charities
  • Advising on Trusts
  • Advising on Inheritance Tax
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Company Secretarial

 

  • Forming Limited Companies
  • Preparing shareholder agreements
  • Reviewing contracts
  • Company valuations

Charities

 

  • Register the charity
  • Draft Charity governance documents
  • Prepare Charity Annual Returns
  • Assist with Gift Aid claims
  • Advise on the responsibilities of Trustees

If you would like to discuss any of the above services please contact us for a free initial consultation.