Barrys Accountants are here to help you with your accounting, company secretarial services, tax planning & preparation, management advisory services (including cashflow improvements) and business management. Barrys Accountants are a firm of Chartered Certified Accountants and Business Advisors who were founded in 2002. The firm are now based in Penn with strong links with the local community.
We take a practical, no-nonsense approach to your business affairs, and will give you a frank assessment of your business. We believe that a modern business benefits greatly from the use of the latest technology, and our extensive in-house computing facilities are evidence that we practice what we preach. Our services include a wide range of accountancy, business and computing services, which help our clients to grow and become more successful.
However, we do not profess to be experts in all fields and will, where necessary, call upon our extensive network of business contacts and other professionals to ensure that you get the best possible service.
We take a practical, no-nonsense approach to your business affairs, and will give you a frank assessment of your business. We believe that a modern business benefits greatly from the use of the latest technology, and our extensive in-house computing facilities are evidence that we practice what we preach. Our services include a wide range of accountancy, business and computing services, which help our clients to grow and become more successful.
However, we do not profess to be experts in all fields and will, where necessary, call upon our extensive network of business contacts and other professionals to ensure that you get the best possible service.
Services
Barrys Accountants will match the level of accountancy services to the needs of your business.
From basic book-keeping to monthly accounts and from formal review to full year end accounts, we provide quality services on an independent and timely basis.
Since basic Financial Statements usually do not tell the whole story, we will work with you to design reports that help you to manage your business better by providing you with the information you need in a format you understand.
As part of the process we routinely make recommendations regarding computerisation, cost-cutting opportunities and improvements in operational efficiency.
From basic book-keeping to monthly accounts and from formal review to full year end accounts, we provide quality services on an independent and timely basis.
Since basic Financial Statements usually do not tell the whole story, we will work with you to design reports that help you to manage your business better by providing you with the information you need in a format you understand.
As part of the process we routinely make recommendations regarding computerisation, cost-cutting opportunities and improvements in operational efficiency.
Where you run a business as a sole trader it might save tax and NI if you transfer it to a company.
However, doing so has immediate and long term tax consequences.
A special method applies to the calculation of directors' and their companies' NI on salary, bonuses, etc. HMRC also allows an alternative method, but where this is used a calculation should be made at the end of each tax year using the special method to ensure that the correct amount of NI has been paid.
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward.
However, doing so has immediate and long term tax consequences.
A special method applies to the calculation of directors' and their companies' NI on salary, bonuses, etc. HMRC also allows an alternative method, but where this is used a calculation should be made at the end of each tax year using the special method to ensure that the correct amount of NI has been paid.
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward.
You are entitled to amend entries on your personal self-assessment tax return within the "amendment window".
Where you completed and submitted your return electronically either using HMRC's or commercial software, you can use it to make amendments.
However, where you submitted a return in paper format you will need to write to HMRC with details of the corrections.
A business plan can play a vital role in the success of any business - but what are its key constituents?
If you provide your employees with a car you can use a policy to set the detailed terms and conditions of its use.
Where you completed and submitted your return electronically either using HMRC's or commercial software, you can use it to make amendments.
However, where you submitted a return in paper format you will need to write to HMRC with details of the corrections.
A business plan can play a vital role in the success of any business - but what are its key constituents?
If you provide your employees with a car you can use a policy to set the detailed terms and conditions of its use.
An individual has a significant property portfolio which provides them with their sole source of income.
They want to gift shares in some property to their daughter but retain the income.
Can they do this without triggering the reservation of benefit rules?
Budget 2021 introduced a new temporary super-deduction for capital expenditure.
Set at 130% of the amounts incurred it certainly looks attractive, but what potential pitfalls should company owners be aware of before they make a claim?
HMRC is challenging more and more claims for private residence relief, particularly where there are multiple properties and it isn't obvious that there has been any actual occupation of the property sold.
They want to gift shares in some property to their daughter but retain the income.
Can they do this without triggering the reservation of benefit rules?
Budget 2021 introduced a new temporary super-deduction for capital expenditure.
Set at 130% of the amounts incurred it certainly looks attractive, but what potential pitfalls should company owners be aware of before they make a claim?
HMRC is challenging more and more claims for private residence relief, particularly where there are multiple properties and it isn't obvious that there has been any actual occupation of the property sold.
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