Welcome

Welcome to Philomena's Accountants & Tax Consultants, we look after small to medium sized business in and around Lincoln.

We provide a friendly, reliable, personal service. To discuss how we can help you with your business accounting needs please email info@philomena-accounts.co.uk or call us on 01522 686 597 for more information.

Accounts & Bookkeeping

Let us take it off your hands...

We can;

• Prepare accounts to help in completion of self-assessment tax   returns.
• Produce financial statements for filing at Companies House   and abbreviated accounts to ensure the minimum amount of   your financial information is made public.
• Accounts are prepared to agreed timescales and deadlines.
• Identify areas where we can assist in minimizing your tax   liability.
• Identify areas of the business that give you the most   opportunity to make improvements.

We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.

• Drop off your invoices, bank statements, etc
• We will do all the processing

We can then easily prepare for you...

• Management Accounts
• VAT Returns
• End of Year Accounts
• Estimated Tax Liabilities as you go along so there's no end of   year surprises
• You pick up the records (neatly filed and organised!) and all the   information we've agreed to provide you with.

It also makes it easy for me to handle any VAT inspections.

Business Startup

Are you looking to start a new business?

Did you know that...

• 40% of new businesses will fail in the first year!

• Within 3 years, 56% will have failed

• Within 5 years, 76% will have failed

We take a special interest in startups whether you are a one person operation with no aims to grow or an entrepreneur starting out that wants help to make their business grow!

Key start up services available include...

• Business Structure. Advice on the right business structure for you, from Sole Trader to Limited Company;

• Management Information. And key performance indicators to help you monitor how you're actually doing against your plan to allow you to make changes as you progress;

• Registration. Completion of all the necessary forms to register with the tax authorities including Self-Assessment, VAT Registration and PAYE schemes if needed to help ensure you avoid all of the many fines waiting for the unwary;

• Book-Keeping Set-Up. Help in setting up your book-keeping system, or we can do it for you;

• Start Up Tax Planning Advice, which is crucial to get right before you start to ensure you pay the absolute minimum amount of tax necessary;

• Annual Accounts
• Tax Returns

About Us

Tracy Pountney formed Philomena's Accountancy in 2008 since then we have gone from strength to strength. We have been a great success and have helped many people transform their businesses and many entrepreneurs' start their own business.

We have a wide variety of clients our portfolio includes Retail Clothes & Accessories, Hair & Beauty, Construction, Architectural, Electrical, Plumbing & Heating Engineers, Fitness Professionals, Haulage, Taxi & Travel.

Our philosophy is to provide our clients with profitability and peace of mind.

We do this by:

• Being honest, truthful and upfront with you at all times;

• Always working to exceed your expectations;

• Communicating with you quickly, fully and openly;

• Aiming for you to pay the least amount of tax permitted by the   law;

• Removing the burden of dealing with government agencies   directly.

In return we expect that you will:

• Be honest and open with us

• Provide us with all the information we need in a timely fashion

• Pay our fees on time

Payroll

Let us take the strain away from you and let you get on with running and growing your business. Payroll is complicated and has to be done on time and you as the employer are responsible for the mistakes.

We run payrolls on time and can provide a tailor made service for your business including...

• Employee pay slips

• Monthly summaries

• Dealing with leavers and starters

• PAYE returns for the Revenue

• CIS returns completed by us

You will never have to worry about calculating statutory sick pay or maternity pay and dealing with tax credits and student loan deductions ever again!

And at year end...

• Employer Annual Return P35

• Employee summary P60's and P14's

• P11D and P9D benefit and expenses returns

VAT

Compliance with VAT is complex. Investigations by the Vat man can be intense - all the more important that your VAT returns are completed correctly.

There are three methods we can use to assist in completion of VAT returns...

• Let us do your book-keeping and we can complete the return from there

• Give us your books and we will complete the return for you

• Provide training on how to complete your return

We will complete VAT returns in good time to ensure you avoid any penalties.

For VAT registration we can assist with...

• Advising if you need to or if it would be beneficial to register

• Completion of the VAT registration forms

• Advising on the best VAT schemes to use suitable to your   business