Services

A personal tax return or self-assessment must be submitted if: 

• You were a partner in a business partnership or
• You earned £100,000 or more or
• You were self-employed as a ‘sole trader’ and earned more than £1,000 

                   (before taking off anything you can claim tax relief on) 

There is no legal requirement to use an accountant, however doing so can give you peace of mind that you’re not making any mistakes & you are reducing your tax liability as much as possible. 

There is a hidden benefit of getting specialist advise from a professional who knows what you should and shouldn’t be claiming for & ensures you are claiming the maximum allowable expenses.

Genie Ledgers has the experienced accountants to do this for you.

If you work under the Construction Industry Scheme (CIS) we also  ensure that you have claimed back any CIS tax that may have been overpaid to HMRC on your behalf. 

Filing your company accounts & ensuring your records are up to date & accurate is essential.

Every UK based company is subject to Corporation Tax on their profits. A calculation must be made and submitted on how much profit your company makes in each accounting period and therefore how much Corporation Tax is payable on these profits.  

There are strict filing deadlines which are determined on your company's annual accounting date. 

There are penalties if these submission dates are missed, and interest is charged on any tax paid late. 

We can assist with the preparation of these tax computations and submit corporation tax returns and accounts to HMRC on your behalf and ensure you adhere to deadlines. 

VAT is very complex and can often be hard to understand with regulations constantly changing, we keep up to speed, so you don’t have to. Knowing the different VAT rates and when they should be used is … 

We also have the knowledge and expertise to register you or your company for VAT and ensure you are MTD compliant going forward. 

Keeping on top of your VAT is also vital for your cash flow whether you are in a repayment or payment situation. We can give you real time information on your VAT position at any time. 

Understanding the Construction Industry Scheme, who should be registered, what VAT type should be used and what their CIS status is can be confusing.  We can take ownership of: 

• Setting you up under the CIS scheme as a contractor or subcontractor 
• Verifying your CIS statuses 
• Managing the VAT rates and whether Reverse Charge VAT should be used 
• Calculating and submitting your CIS returns 
• Making sure you know who should be considered under the CIS scheme 

Like most taxes, payroll rules and rates are constantly changing. Outsourcing your payroll to us saves you time and worry about keeping on top of one of the most business critical functions and ensures that your employees are happy. 

Our payroll services include: 

• PAYE/NI/Pensions (Autoenrollment) 
• Statutory payments (sick, maternity, paternity, adoption), holiday pay 
• Daily, weekly, monthly payslip processing 
• RTI submissions 
• End of year submissions 
• Official documents – P45s/P60s/P11ds 

We are also Xero payroll certified 

Bookkeeping Is key to ensuring you have adequate records for tax returns, year-end accounts and in the case of a HMRC inspection. 

sourcing your bookkeeping means you are hiring an expert with the latest knowledge and skills whilst freeing up your time to focus on other business matters & allows you to save money on; 

• internal hiring process
• Salaries
• Taxes
• Office supplies
• Benefits to employees.

If you are thinking of setting up your own company and don’t know where to start, we can:

• Take ownership of creating your company and registering with Companies House. 
• Keep on top of your annual confirmation statement submission and ensure the deadlines are adhered to. 
• Deal with share issues and share transfers on your behalf 
• Register you or your company for VAT 
• Close down your company for you 

We can then help you keep on top of your finances with our other services on this page.

Employing full time finance staff can be expensive. We can take away the pressure and stress of having full time staff on your payroll and can be on tap as much and little as you require. We can provide as little or as much information and service as you need, such as:

• Debtor management 
• Purchase controls 
• Supplier and Customer management 
• Bank reconciliations 
• Payment Allocations 
• Cash Flow Forecast 
• Balance Sheet management 
• Registering and Depreciating Fixed Assets 
• Review of data and reporting as often as requested 
• Real time information 
• All other services mentioned  

We recommend Xero Accounting software to all our clients. 

It is a simple user-friendly software that can be used on a desktop or on an app on

your phone & can be accessed from anywhere.

There are multiple applications that can also be used as add-ons to Xero, we can help you find

the ones that can be useful to run your business more efficiently & effectively.

We can also migrate all existing data & conversion balances from your current software

& provide training with no disruption to the day to day running of your business.

Xero Features: 

• Pay bills 
• VAT Returns 
• Claim Expenses 
• Bank Reconciliations 
• Bank Connections 
• Accept Payments 
• Track Projects 
• Payroll 
• Manage Xero Contacts 
• Capture Data 
• Files 
• Reporting 
• Inventory 
• Send Invoices 
• Multi-Currency 
• Purchase Orders 
• Quotes 
• Analytics 
• Accounting Dashboard 
• Manage Fixed Assets