Every Small Business Is Our Business

Expert Accountancy and Tax Services in Croydon and Surrey

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LME Accountants offer a ‘one-stop-shop’ for accountancy, business and tax advisory for small businesses and self-employed professionals. In addition we can help you through our business partners with your business insurance, human resources and legal matters, and collecting your fees by direct debit.

Business Startups

We can offer you the following services and will deal with HMRC and Companies House for you, allowing you more time to be working on your business:

  • Help you with your business plan
  • Registering with HMRC and Companies House
  • Setting up your limited company
  • Set up a registered office address
  • Set up and manage your cloud Bookkeeping software
  • Create a cashflow forecast
  • File your accounts
  • Administer your payroll
  • Tax planning
  • File your tax return

There may be some other services you need ranging from business insurance to business bank accounts so talk to us today to find out how we can help. 

Sole Traders

  • Help you with your business plan
  • Registering your business name
  • Registering your business for VAT
  • Set up your cloud Bookkeeping software
  • Create a cashflow forecast
  • File your accounts
  • Administer your payroll and VAT
  • Tax planning
  • File your accounts tax return
  • Help with other considerations such as business insurance and specialist licenses to be able to lawfully operate.

Partnerships

Whether you are a new partnership or are already established, LME Accountants can assist your partnership business with all your tax and accountancy needs.

  • Help you with your business plan
  • Registering your partnership name
  • Registering your partnership for VAT
  • Set up your cloud Bookkeeping software
  • Create a cashflow forecast
  • File your partnership accounts
  • Administer your partnership payroll and VAT
  • Tax planning
  • File your partnership accounts and tax return
  • File the partners’ personal tax returns
  • Help with other considerations such as business insurance and specialist licenses to be able to lawfully operate.

Limited Companies

There are many pros and cons of incorporating your business. Here at LME Accountants we will help you and support you to identify the advantages and the disadvantages in operating under a limited company whether you are about to incorporate your business or already established as a limited company.

  • Help you with your business plan for your limited company
  • Incorporating your limited company with Companies House
  • Registering for VAT
  • Set up your cloud Bookkeeping software
  • Create a cashflow forecast
  • File your Company’s accounts with Companies House
  • Administer your company’s payrolland VAT

Advise you on tax efficiency – trading as a limited company can be more tax efficient due to dividends not attracting National Insurance and having lower tax rates.

  • File your company’s tax return with HMRC
  • Calculate your corporation tax and advise you on the due amounts and deadlines 
  • File the directors’ personal tax returns
  • Help with other considerations such as business insurance and specialist licenses to be able to lawfully operate.
  • Tax planning for the director’s remuneration and dividends for shareholders.

Advise you on tax efficiency – trading as a limited company can be more tax efficient due to dividends notattracting National Insurance and having lower tax rates.

Contractors

At LME Accountants we are ideal to make life simple for you as a contractor so you can focus on managing your business. We will:

  • Register you with HM Revenue & Customs
  • Set up your Limited Company
  • Help you set up a business bank account
  • Set up your Cloud accounting account
  • Register for Value Added Tax (VAT)
  • Set up your Payroll arrangements for monthly payments
  • Provide you with the best tax saving advice.

Construction Industry Scheme Contractors

LME Accountants are best paced to support you whether you are a contractor or a subcontractor in the Construction Industry Scheme

How we help contractors

  • Register you with HM Revenue & Customs (HMRC) as a contractor
  • Verify your subcontractors with HMRC
  • Ensure you pay your subcontractors correctly within the scheme
  • Supply deduction statements to the subcontractors
  • Keep your records in good order and supply HMRC with monthly returns.
  • Advise you with regular reports on the tax due and the payment deadlines to HMRC.

Prepare your end of year self assessment tax return and calculate your tax liability/ refund where applicable.

How we help subcontractors

  • Verify you with HMRC on behalf of your contractor
  • Manage and organise your business records
  • Prepare your end of year self assessment tax return and calculate your tax liability/ refund where applicable

Capital Gain Tax

Capital Gains Tax are charged to individuals in respect of gains made from selling, transferring or otherwise disposing of assets. At LME Accountants we can assist you to mitigate or reduce potential tax liabilities before you dispose of your asset. We can also assist you after the disposal with the calculation of the capital gain tax due to be paid to HMRC.

Find out how LME Accountants can take the stress out of your finances. Call us today on 0203 9680323 , or book your free video or face to face, no obligation consultation.

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