More than just accountants
More than just accountants
Our view is that an accountant is for the long term, and not just for end-of-year accounts and tax returns. We see our job is to help bring your plans to life, stay afloat in difficult times, and ensure you reap the maximum reward from your hard work, in the most financially efficient way possible.
We assist start-up and established businesses through the complex accounting, tax, regulatory and payroll areas.Talk To Us
Accounting & Auditing
All business owners need to keep accurate accounting records in order to meet their statutory obligations.
All business owners need to keep accurate accounting records in order to meet their statutory obligations. Furthermore, with the introduction of Making Tax Digital (MTD), HMRC will require all businesses with a turnover above the annual VAT registration threshold to use online accounting software to record their business income and expenditure with effect from April 2019.
Having good accounting records enables business owners to monitor their progress and also plan for the future. Humphrey & Co provide a professional accounts preparation service and can help you with your accounting requirements. We can also help you to digitise your accounting records so that you comply with the MTD requirements.
We have plenty of experience of using accounting software such as Sage, Quickbooks and TAS Books and also have extensive knowledge of Xero, a cloud-based accounting package.
We are able to provide as much support as you need, whether this is on a monthly basis or once a year when the annual accounts need to be prepared. We are also able to offer bookkeeping and accounts training to your staff.
As well as preparing annual accounts we can help with:
- Management accounts
- Cashflow forecasts
- Completion of VAT Returns
- Bank reconciliations
- Advice on accounting packages
We are also able to provide statutory audit services to businesses and other organisations that have a statutory requirement to have an audit. We aim to make the process of an annual audit positive for your business, by recommending areas for growth and detecting potential risks, therefore improving the performance of your business.
The benefits of an audit include:
- Giving added credibility to the financial statements
- A review of your accounting systems to identify any potential areas of weakness
- Greater peace of mind for external shareholders who do not take part in the day to day running of the business
If you require further information,
please contact Michael Macefield.
The firms audits are undertaken by Humphrey & Co Audit Services Limited. Details about our audit registration can be found here https://www.humph.co.uk/regulatory
With extensive experience in advising both SMEs (Small and Medium-sized Enterprises) and large corporations, we can help your company with expert assistance in the following areas:
- Statutory and non-statutory demergers
- Schemes of reconstruction
- Corporate group formation
- Share buy-backs
- Management buy-outs
- Advice on exit strategies and related personal tax planning
We can also assist with Due Diligence reporting.
Corporation tax incentives
Research & Development (“R&D”) tax relief
Our highly experienced experts can guide your company through the R&D claim process dealing with the complexity and intricacies associated with this valuable relief.
Creative Industry Reliefs
If your company is developing Video Games, involved in Animation, Films or Theatre, Humphrey & Co can assist you with claiming the enhanced corporation tax deduction and tax credit reliefs.
Enterprise Investment Scheme (“EIS”) / Seed Enterprise Investment Scheme (“SEIS”)
From technical advice to scheme set-up and compliance, Humphrey & Co can guide your company through the EIS and SEIS process.
Payroll can be a minefield with constant changes to employment legislation, HMRC demands and pensions. We have a qualified and experienced payroll team to save you time.
Our payroll software is HMRC accredited and offers an extensive reporting functionality to enable us to provide a set of reports that suits your needs, including component analysis and cost centre reporting.
OUR SERVICES COVER:
- Advice on payroll matters
- HMRC returns
- Real Time Information compliance
Automatic Enrolment - Changes to Pension Law for UK Employers
As you may already be aware, the law on UK workplace pensions has changed. Every UK employer with at least one member of staff now has new legal duties, including enrolling staff that are eligible into a workplace pension scheme and making employer contributions towards it. The system is called automatic enrolment. It is called automatic enrolment as your staff will be automatically enrolled into the pension scheme.
As the employer, you are ultimately responsible for ensuring that you meet your statutory duties with regards to auto enrolment and the pension reform. It is important that you understand your responsibilities and are aware of the costs of compliance that this additional burden will bring, both in terms of pension contributions and administrative costs.
HOW WE CAN HELP YOU
Humphrey & Co can assist with the entire process as we are able to offer a low-cost and simple, auto enrolment solution.
Our auto enrolment software is fully integrated with our payroll software, so that we can provide a complete payroll and pensions service. We have taken this approach as the vast majority of the employers that we act for do not have the time or technical resources to be able to administer the process themselves.
You can also contact the team at firstname.lastname@example.org
Or call on 01323 417567
Start-ups & Small Businesses
We pride ourselves on our work with start-ups and small businesses, both locally and further afield.
You can expect from us:
- A friendly and approachable service
- Proactive advice
- No jargon!
- Innovative solutions
- A quick turnaround and fixed fees
Our services include:
Business structure advice – sole trader, partnership or limited company
Registration with Companies House and HM Revenue and Customs
Annual accounting and tax compliances
Bookkeeping and accounting software support – we are Xero Platinum Partners
Payroll services and Auto Enrolment
VAT advice, remuneration and tax planning
Tax Investigation Service
Over 80% of all tax investigations by HMRC now arise from leads generated by its £80million database system, Connect, according to recent reports.
Why is HMRC investigating?
Last year, HM Revenue & Customs (HMRC) secured a record £28.6bn of additional revenue through tax enquiries into businesses and individuals. The target for this year is even higher. Spearheading this approach is an investment in technology that allows tax enquiries to be selected more efficiently and on a larger scale with data from multiple sources e.g. Land Registry, bank accounts and social media. In addition, HMRC's powers to investigate have been strengthened, meaning that all taxpayers are now at greater risk of being investigated than ever before, even if you think you have done nothing wrong.
During an investigation, the questions can be detailed and time consuming to answer. Whether or not HMRC finds extra tax to pay, the costs to defend you can be substantial. Indeed, it has been known for clients to agree to HMRC’s demands simply because of the costs involved in continuing to fight the case. For our subscribers, there is no cost whatsoever (subject to policy limits).
Protect yourself today!
Humphrey & Co has offered a Tax Investigation Service (TIS) to our clients for several years now, and we invite all our clients to share in the protection offered.
Tax investigations can be costly. Investing a small amount into our tax investigation service now means that you will receive complete support if HMRC targets you.
Subscribing to our TIS allows us to challenge HMRC’s attack into your affairs without having to back down. We believe that we know you and your business best and we want to be there for you when you need us most. We will manage your case from start to finish, reducing stress and providing peace of mind.
You are also entitled to unlimited free access to business helplines. Qualified experienced specialists are available in the fields of employment, health & safety and commercial law to assist in these increasingly litigious areas. Your business could potentially save considerable amounts of time, expense and disruption from this add-on service. Also, the other entries on personal Tax Return(s) are generally included under the policy, and our in-house tax specialists continue to act throughout an enquiry.
Want to know more?
See also - Tax Investigation Service - Individuals
VAT can be a complex tax regime and professional advice is required to avoid the many pitfalls and to ensure that the rules are correctly applied to avoid costly mistakes.
In addition to providing a full VAT compliance service, our highly qualified experts can provide a bespoke VAT advisory service to include:
- Cross-border transactions
- Property transactions
- VAT schemes
- Registration & deregistration
- Capital goods scheme adjustments
- Partial exemption
- Business transactions and Transfer of a Going Concern ("TOGC") issues
- VAT MOSS (Mini One Stop Shop) advice and compliance
- Obtaining VAT rulings from HMRC
- VAT groups
- Assistance with VAT Investigations
At Humphrey & Co, we embrace technology to make accounts and tax swift, simple and pain free. We’re friendly, approachable and dislike jargon! Do you want your business to work smarter and faster?
Simple: connect your numbers, your business and us anytime, anywhere from any device
Specialist: we have Xero “packages” that are specifically tailored to meet the needs of our clients
Secure: everything is run online, nothing to install and backed up automatically
Smart: enjoy the benefits of Xero accounting software and apps to help manage your finances
Savings: exploit efficiencies from reduced admin time, elimination of errors and reporting in good time
Benefits of a Platinum Partnership with Xero
We can provide proactive and innovative solutions to ensure your business achieves sustainable growth with a high percentage of Xero-certified staff to assist you.
How can we help you?
- demonstrate the benefits of the online software
- move from your existing accounting system to Xero
- implement conversions, set-up, and training
- assist with any queries that may arise
For more information please
contact our Xero Team.
More than just Accountants
Our clients benefit from our depth of experience and expertise with an established reputation in many fields
We are based in Eastbourne and in Brighton & Hove. However, a client’s location is never a problem as we travel to meet clients at their homes or businesses.Meet our Team