We Offer A Consultative Approach To Accounting and Tax Advice

Posted 31 January 2024

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Accounting & Tax Services

We offer a consultative approach to your accounting and tax planning, helping you identify ways to be more tax efficient. 

At CBTax, we understand that navigating the intricacies of accounting and tax management can be daunting. That’s why we offer more than just a service – we provide a consultative approach aimed at empowering you with the knowledge and guidance needed to make informed financial decisions.

Our dedicated team of experts goes beyond traditional accounting services to offer strategic insights tailored to your unique situation. Whether you’re a startup entrepreneur seeking to optimise your tax structure or a seasoned business owner in need of proactive financial planning, CBTax is here to help you every step of the way.

Our accounting and tax planning processes are designed to be as efficient as possible, reducing the time you need to invest into keeping on top of your accounts and tax so you can do what you do best, running your business.
1

Free Discovery Session

Our Chartered Accountants and Tax Advisors will have a meeting with you to evaluate your business and its activities to understand which of our services best suit your current requirements. They’ll also run through our process with you and how we can ensure the handover and onboarding is as seamless as possible.

2

Signing Your Letter of Engagement

This document outlines the scope of our services and ensures clarity and transparency in our partnership. However, before proceeding, we must obtain professional clearance, a necessary procedure that can take between 4 to 6 weeks. This clearance allows us to verify that there are no conflicts of interest and ensures compliance with regulatory standards. While this may entail a brief waiting period, please rest assured that once professional clearance is obtained, we can swiftly move forward with your accounting and tax needs.

3

Work Commencement

This stage marks the beginning of our collaborative journey toward fulfilling your accounting and tax requirements. Based on your specific needs and the services outlined in the LOE, we spring into action, leveraging our expertise and resources to provide tailored solutions designed to optimise your accounts. Whether it's meticulous bookkeeping, strategic tax planning, or comprehensive financial analysis, our dedicated team is poised to deliver results that exceed your expectations.

4

Pre-Year End Accounts

Following the commencement of our work, the next step in our process involves producing the pre-year-end accounts. We will work with your current accounting software to complete this pivotal stage which entails compiling and analysing financial data to create comprehensive accounts that offer insights into your business' financial health leading up to the end of the financial year. Our meticulous approach ensures accuracy and transparency, laying the foundation for informed decision-making and strategic planning.

5

Final Approval & Submission

The culmination of all of our collaborative efforts involves obtaining final approval from you, and submitting the completed documentation to the correct authorities. This pivotal step ensures that every detail has been meticulously reviewed and verified to meet both your expectations and regulatory standards. With your seal of approval, we proceed to seamlessly finalise the necessary filings, facilitating a smooth and timely submission process.

Our Accounting & Tax Services

We're your ultimate destination for all accounting and tax planning needs. Our consultative approach ensures personalised solutions tailored to your specific requirements. From expert advice on tax optimisation to meticulous financial analysis, we offer comprehensive services under one roof, providing you with the convenience and expertise necessary to navigate the complexities of financial management with confidence, below are just some of the services we provide.

Accounting

Preparation and submission of statutory accounts

Preparation of monthly and/or quarterly management accounts, articulating KPIs

Review and submission of VAT returns

Ad hoc Company Secretary duties

 

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Tax Planning

Preparation and submission of corporation tax returns and computations

Identifying tax planning opportunities

Preparation and submission of self-assessment tax returns, and tax planning advice

Pre-year-end planning meetings to identify tax-efficient opportunities

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FAQ

  • How can CBTax help our company be more tax efficient?

    We proactively identify tax-saving opportunities and analyse your financial situation to uncover missed chances for tax optimisation, ensuring you maximise tax savings.

  • Can you act as my accountant even if you're not based nearby?

    Yes, absolutely! We serve clients across the UK & Ireland, and distance is not a barrier to providing top-notch accounting services. We are more than willing to accommodate additional meetings or communicate through virtual means to ensure effective collaboration and support, regardless of your location.

  • How much do you charge?

    Our fees are based on time, level of skill required and the level of responsibility. No two business are the same and neither are our fees. We tailor our services to your exact requirements and supply you with a quote for these requirements after our discovery session.

  • How do I switch accountants?

    To switch accountants, we'll manage the process efficiently and in accordance with ethical standards. We handle professional clearance with your current accountant, ensuring a seamless transition without requiring your direct involvement. Rest assured, we make the switch hassle-free, prioritising you and you business every step of the way.