Best Auditing and Accounting Firm in West Midlands, UK

West Midlands Accountants LTD is a dynamic fast rising audit firm in UAE helping customers to manage their business interests and economic goals towards growth and productivity. We provide best quality accounting, auditing, and business consulting, Management consulting and company formation services in West Midlands. For over a decade, West Midlands Accountants LTD has been providing better-quality service through the knowledge of its qualified team with its firm's existence in West Midlands. Our motivated and skilled staffs that are trained and hugely knowledgeable to cater to the needs of a wide range of customers from individuals to huge organization, indigenous and international, takes care of our multi-disciplinary perform.


                     

Services We Offers

1. Audit & Assurance Services

West Midlands Accountants LTD and its services have been prepared to provide customers with a full range of Services, which would include value to the management of an association. These services are offer through a committed team of professionals with mixed industry experience, in order to modify and deliver association specific solutions to our clients. We frequently provide qualitative information to help our clients to locate key matter in different segments of their business and suggest preparation.

2. Accounting

We provide cheapest accounting service in West Midlands. We provide part time and periodic accounting and accounting supervision services by skilled and certified team. We also offer a full series of accounting services to maintain your own in-house accountant, bookkeeper or PC accounting method. That's why we work sharply with all of our clients to develop a well-built, proficient, operational communication.

3. Business Consulting

We join our consulting skills with local proficiency, advance and resourcefulness to develop the most excellent solutions for our customers. Our approach combines a quick analysis of the business matter to our customers with the execution of changes desirable, aiming to convey our skills. These consulting services cover all feature of the business including Strategic Planning, Management, Viability Analysis, and Project Business fields.

4. Management Consultancy

West Midlands Accountants LTD offer best Management Consultancy service in West Midlands. We can assist with the responsibility of due industry work to ensure that valuation offered is profitable and reasonable. If you wish to move your business, we can discover out the importance of your business. Our talented teams have a good knowledge base in management related services.

5. Company Formation

The team of West Midlands Accountants LTD presents enthusiastic Company formation in West Midlands. With a Company formation services are extremely energetic. Our team will help in examine the right objective to setting up the company as well as construct an offshore company. We offer you offshore company formation in chief authority, Registration of representative office, Arrangement of registered organization services etc.

Looking forward to develop a fruitful relation with you, so call us 01217 665 477.

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Outsourced Bookkeeping and Financial Services

Outsourced bookkeeping gives you all the benefits of an on-staff accountant, without any of the down sides.  For example, if you use financial process outsourcing, you won't have to worry about workers comp insurance for your bookkeeper.  You also won't have to deal with finding that person an office.

It's great when your business grows, and you can hire additional employees.  However, there are many costs that come with employees above and beyond their salaries.  This is why you really have to make sure you need an employee before you hire him or her.  When you use financial outsourcing properly, it will save you from having to hire additional employees.  You can then hire people to help you further your business, not just to balance your books. 

In a nutshell, Outsourced Bookkeeping lets trained professionals handle your books, so you and your employees don't have to be bothered.

Outsourced Bookkeeping Fees

While I like to stress the financial savings you'll see when you use outsourcing, that doesn't mean the service is free.  In most cases, you will be charged a monthly fee for your bookkeeping services.  This fee should be negotiated in advance, so there are no surprises when the monthly bill comes in.

Outsource Financial Services

Outsource financial services needs may change throughout the course of a year.  Certain businesses experience seasonal surges, during which time they'll need more from their professional bookkeeper.  The right outsourcing service will understand this, and be willing to accommodate those changing needs.

Those of us who aren't so great at bookkeeping tend to scramble between December and April, in order to get our books ready for tax time.  This is a major hassle, and one that can be avoided by using Outsource Financial Services.  When you find an accountant you like through your outsourcing firm, your books will be balanced year round, making December through April far less hectic.

When to Outsource Financial Services

You don't need to wait until your business has grown to a certain point in order to start outsourcing.  In fact, the smaller your business, the more it needs your full attention.  Taking time away from the actual business of your company to do your books is particularly detrimental at this early stage. As your company grows, the duties performed by your outsourcing firm can grow as well.  You can let your outsourced accounting department handle your investments.  They can also put out reports on those investments, so it's easy for you to take stock of how you're doing at any point.

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The Correct Way to Manage Contractor Tax | West Midlands Accountants

When you need to work as a contractor, you have got to learn about contractor tax. Since you were not answerable for tax collection and payment as worker, being contractor will put you in a situation with the tax authorities where you will not only have to use contractor tax calculator but you will also have to answer to HMRC. This is a little problem since contractors will need to spend a little time to learn about contractor tax. They will have to find out more about different tax codes, exemptions and tax filing services before they can keep the HMRC off their tail. Contractors will have less complicated time with contractor tax once they have found a top umbrella company. Contractors will not have to take any responsibility when working thru an umbrella company since the umbrella will take care of your contractor tax.

                    


It will not only subtract the tax but will also pay it to the HMRC since you'll be in an employee standing with the company. This PAYE worker status will allow your company to subtract tax from your revenues as an employer. You may manage contractor tax by forming a limited company and hiring a tax expert for the company. When you hire a contractor tax expert, ensure that you are hiring well-reputed tax expert like West Midlands Accountants LTD. You can make it simple for yourself by simply finding the best tax services for contractors in the UK.

Sometimes, money firms will supply these services. Aside from contractor tax, contractors have work rights and contractor pensions to worry about. With a good umbrella company, the contractors can forget these tensions since the umbrella will look after your work rights. Due to your standing of a worker with the umbrella company, you will be able to enjoy almost all of the work rights. You'll be ready to go on sick leave and ask for contractor mortgages. Aside from these rights, you may also have all of the other elemental work rights as a PAYE worker of the umbrella company.

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Accounting, Bookkeeping and Tax Services West Midlands

When it’s time to prepare your business tax return, it’s important to have expert assistance to ensure the utmost in accuracy. By hiring professionals to prepare business tax return, West Midlands Accountants LTD business owners can protect the business in order to achieve the best financial results. Attempting to prepare the tax returns in-house can end up causing more problems, which is why it’s best to let the experts handle this complex process. Business Accounting Services West Midlands is able to provide specialized services to small and medium businesses in order to prepare business tax returns with ease. Because we handle the details, business owners can rest assured that company finances are protected. Business tax returns West Midlands Accountants LTD can be confusing.

In order to ensure they are prepared correctly, it’s best to let the experts handle it. Trying to handle tax returns in-house can leave businesses vulnerable to financial issues down the road. Bookkeeping Accounting Services West Midlands can assist with the entire process of preparing business tax returns in West Midlands Accountants LTD. 

While here, you’ll find assistance with: 

• Late Business Tax Returns West Midlands Accountants 
• Business Tax Return West Midlands Accountants 
• Accounting West Midlands Accountants 
• Tax Agent West Midlands Accountants 
• Accounting Software West Midlands Accountants 
• SMSF West Midlands Accountants 
• Bookkeeping West Midlands Accountants 
• Accounting West Midlands Accountants 

For expert assistance to ensure the utmost in accuracy for company tax returns, West Midlands Accountants relies on Bookkeeping Accounting Services. If you want peace of mind that your business is in the right hands, there is no one else to call. Bookkeeping and Accounting Services has a team of highly trained professionals standing by to assist with business tax returns West Midlands Accountants LTD. You’ll also find assistance with a full range of bookkeeping and accounting services for your business. To find out more about company tax return assistance, contact Bookkeeping and Accounting Services on 01217 665 477.

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How to Verify Tax Prepare Credentials

Every year it seems that tax preparation gets more complicated. Since there have been more changes to the tax code this year choosing your tax prepare is even more important. Whether you are an individual or a small business owner filing as an individual, you need to read this article to make sure that the tax prepare you choose will have your best interests in mind.

Whether you are using the tax preparer from last year for your income tax return or are planning on hiring a new one, be sure to thoroughly evaluate them. There have been more changes to the tax code this year than perhaps any year in history, so having the right tax preparer is extremely important.

Here some guidance on how to evaluate a tax prepare 

Verify Their Tax Credentials

When you first meet the tax prepare, look for a CPA or Enrolled Agent license in their office. If you don’t see a license, then red flags should immediately go up but be sure to first ask if they have a tax or accounting license. If they don’t, then you should not use them for any type of tax work. If they do, quickly write down their license number so that you can verify them later.

• Verifying CPA Licenses 
• Check the AICPA List of State Boards of Accountancy or contact the state board directly. 
• Verifying Enrolled Agent Licenses 

Check the National Association of Enrolled Agents or contact the IRS directly. The databases will list the status of the licensee and if any disciplinary action has been levied against them. If you cannot find the preparers in the database, don’t be alarmed yet, first contact the state board or the IRS directly.



                                           



Check the Database Again

Even, if you are using the same tax preparer from last year, you should also check the database again as their status can change from year to year.

They Should Also Be Evaluating You
It is a bad sign if the preparer isn’t asking any of these types of questions during the meeting.

1) Who were your previous tax preparers and why are you no longer using them?

2) What type of income and expenses do you normally report?

3) Are there any previous tax liens against you?

4) How is your credit report?

5) Do you invest capital in any businesses?

6) Do you have a family with children & how many homes do you have?

7) When do you plan on retirement and what is currently included in your estate?

Just as you are evaluating the tax preparer, they should be evaluating you to reduce the risk of any issues with the tax return. So, in a way, you both should be acting as IRS agents, asking relevant questions. Also, even if you are using a tax preparer from last year, be skeptical if they aren’t asking new tax questions this year. Your financial condition can change from year to year so they should be cognizant of this possibility since it can impact your income tax return.

Ask who will be doing the Tax Work

Often times, especially at larger firms, the senior partners will have accounting staff do most of the tax work. This is okay as long as the firm has a thorough review process and the partner or senior accountant signs off on the return before it is filed. But, ask about their process and who you would be contacting if you need tax help at any time.

Ask About the Fee Structure
Most accountants charge a flat fee for an income tax return. Anywhere from $150 to $500 per return, depending on the complexity. Generally, the price tag goes up if it’s a tax return for a business. Also, ask what the fees are for consulting type tax help since those are usually set on an hourly basis and can add up quickly. Lastly, remember to ask your tax prepare if their fee structure changed at all from this year to last year. You have a right to know how much more they are going to charge for tax help, so ask! If they changed their fee structure ask why it has changed.

Inquire About Recent Changes in Tax Law

All tax prepares should be fairly familiar with changes to the tax code that would impact taxpayers. For instance, they should know whether or not it is smart for you to convert a Traditional IRA to a Roth IRA, the details of the first time home buyer tax credit and other new tax credits available as a result of the American Recovery Act. If they don’t have an opinion or seem uninformed on any of these tax topics, you should probably seek tax help elsewhere.

Ask About the Types of Clients They Serve

You want to make sure that the tax prepare has tax experience with similar businesses and individuals in a similar position to yourself. Ask about the industries they serve & the complexity of the clients they serve. You want it be the right fit. Also, if you know someone that has used this tax prepare before, you should ask them about their experience.

What they liked and what they didn’t like? This is a Starting Point have highlighted the steps you should start with when evaluating a tax prepare. However, each situation is different, so you may need to do additional due diligence to find the right prepare for tax help.

For more detail visit our website Westmidlandsaccountants.co.uk

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How Online Payroll and Tax Preparation Services Help?

West Midlands Online payroll and online tax preparation services are very helpful to manage the business effectively. This web based services not only helps in managing the business but also save time and money. It minimizes the mistakes in all accounting process at zero level.

Our online payroll and tax preparation services provide the facilities of monitoring annual tax return, deposit of all taxes, filling tax documents and providing financial reports as per all terms and conditions. Being online, it is very flexible, helpful and most importantly reliable too. Benefits of online payroll and tax preparation services .

1. Technical Support

Any time Any where Online outsourced payroll and tax preparation services are capable of providing 24 X 7 technical support and training for smooth functioning of businesses without any technical expertise required. The online services can be accessed from anywhere in the world. Therefore, no matter where you are you can always be aware of your business activities at any point of time.

2. Easy and Fast

Online payroll services are faster and easier to use as compared to traditional payroll services. Without any technical knowledge, online services can be used in a very flexible manner.

3. Reliable and Accurate

Being time tested, they are very reliable and accurate. West Midlands accounting firms are using online services because of their accuracy and reliability.

4. Maximize Profit and Productivity

It provides the complete and accurate financial status of business that helps in preparation of accurate financial planning. This helps in increasing the business efficiencies and thus increase the profit and productivity scale.

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Quality Bookkeeping for your Growing Business

In 2008 West Midlands Accountants LTD was formed to offer flexible bookkeeping services to small businesses in the West Midlands, UK. We help businesses from starting, managing business data, generating payroll as well as filing the required taxes in a timely and organized manner.

We pride ourselves with integrity and a strong work ethic, which have been key elements to our success. Our services are flexible, unique and accommodating to our client needs. 

Accurate Records 

As a new small business owner you have employees to pay, bookkeeping records to keep accurate and financial statements to create for possible interested investors. If accounting and finances aren't your strong points or you want an accounting service that's tailored to your customers' needs, 

West Midlands Accountants LTD can help with all of your accounting, financial statements and tax services needs.

Client Reviews.....

West Midlands Accountants LTD has been a great change in my business. West Midlands Accountants LTD team always willing to help me when I need.

–Mercedes Garcia–Isla

Excellent to work with, listens incredibly well, and ponders the various possibilities to make accounting

Work for the client. Honest, Reliable, Responsive, Detail Oriented, Ethical, and "Fun" to work with!

–Chris Smith–Intellegration, LL

We would gladly recommend Accurate Accounts. They are honest, trustworthy and very professional.

They have helped us organize our paperwork and therefore our business has grown

– Celestino Felix–Felix Plastering

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