. Do you need a tax and accounting professional? Coddan CPM serving individuals and small businesses - tax audits, tax problem resolution, Inland Revenue representation, current and delinquent tax returns, complete accounting and bookkeeping services, QuickBooks setup, Payroll and tax preparation for businesses and individuals. Coddan CPM provides UK tax compliance services and UK & International tax advisory services to our clients.
Our goal is to provide your company with up-to-date, accurate financial data. Our services are particularly geared towards small and medium sized business and start-up companies, and we are ideally placed as a service provider which: Payroll, Inventory, Reconciliation, Quarterly Taxes, Payroll Taxes, General Ledger Maintenance, Account Reconciliation, Monthly Financial Reports and Analysis, Fixed Assets and Depreciation, Cash Flow Management.
With the requirements of the HM Revenue & Customs getting tighter by the second, keeping accurate records is both becoming essential and an annoyance of any small to medium sized business who can not afford support staff. Other matters we can deal with are: we are here to help with taxation or VAT matters however small or complex. We can liaise with the Tax Office or VAT Office on your behalf. Can provide advice in helping to reduce taxation or effective tax-free ways of extracting profit from a company. Help with the various aspects of legal requirements businesses should adhere to.
We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
From business start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Our accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans. Let us know how we can help. For further information and advice, please contact Coddan CPM on 0800.081.1510.
Choose one of the following packages that will best serve you:
Further information
Why do you need bookkeeping? Of course you need records in order to prepare your tax return, but that is not the primary reason for maintaining good business records. Today's business world is a very competitive environment. Your business needs the best possible information at an affordable price in order to aid you in your daily business decisions and provide you with information as to how well your business is performing. Timely and accurate bookkeeping, whether you do it internally or hire an outside firm, fills this need. This bookkeeping tutorial is geared to business owners, managers, and individuals who have not had any formal bookkeeping training or on the job experience and need or want to learn the basics of bookkeeping and accounting.
So, you want to start your own business! It sounds great to be the owner of your own business, but do not be fooled! Nothing in life is easy and running a successful business requires dedication, perseverance, and unfortunately, more often than not, in the beginning some long hours. All you need to know and were afraid to ask about Budgeting, Cash Forecasts, and Business Plans. Excellent links to articles, tutorials, and tools to aid your company in budgeting, cash flow management, and business plans.
The Company Books provides Accounting, Bookkeeping and Information Technology services specially tailored to your needs. Whether you require Outsourced Bookkeeping or prefer a regular Bookkeeper to come to you, we can satisfy your needs.
We offer the full range of Bookkeeping Services from basic small business bookkeeping through to annual financial statements, returns and many other Accountancy Services. Our IT service can work with you to integrate your website with our Online Accountant service, develop bespoke reporting functions or assist with any other technical requirements you may have. >From your VAT return to your annual financial statements, occasional consultancy, one-off project work through to long term regular placements, we will meet your expectations and go that extra mile when it counts. Proactive, professional and cost-efficient, The Company Books will work with you to provide all the Accounting Bookkeeping services you need
, so you can get on with the business you know.
We will help you to our level best with your independent financial needs and requirements. With our friendly and well-trained staff who have many years of experience in dealing with a variety of types of businesses, they will be able to guide you in the best manner. With our help and professional expertise, your finances will be a worry of the past.
Being established for nearly 11 years has earned us a strong reputation in the world of accountancy. With so much experience and a growing clientele, we are proud of our status and are very confident that we will be able to deal with your business with the same integrity and creativity that has made us unique in the field.
With our expert advice on issues including VAT and Tax along with a huge range of services to offer, we are convinced that Coddan can satisfy all your business requirements and guide your business for future success. There are eight steps to the bookkeeping cycle. A bookkeeper is a person that performs one or more of these steps. In large companies, for instance, the bookkeeping cycle might be divided into departments such as Accounts Receivable, Accounts Payable, or Payroll. While most often these people are referred to as clerks, they might also be considered bookkeepers as they are keeping the books for a company. In small companies, the bookkeeper may perform the entire bookkeeping process, or might just enter data to give to the accountant.
All bookkeeping steps are mechanical in nature. Bookkeeping is a regimented process usually occurring in monthly cycles consisting of entering transactions into the journals, making adjustments, and preparing reports. The Accounts Receivable Clerk may be assigned to enter all sales on account, and all payments from the customers. The Accounts Payable Clerk's responsibility would be to enter purchase orders and checks. Again, in a small company, both duties may be performed by the same person.
As a UK business you have a responsibility to correctly account for Income Tax and National Insurance on all staff you employ. As part of our UK small business payroll services to we can administer your payroll on your behalf, provide pay slips, complete monthly reviews and advise you of the payments due to the Inland Revenue, together with the year end procedures for the P35, P14s and if required, forms P11D.
Someone has to set up the bookkeeping system, monitor it, and interpret the results. These processes are called Accounting. The accounting process is much less mechanical and more subjective. It begins with designing a system that will benefit the business, by capturing the financial information in a useful manner without being overly burdensome to the bookkeeper. Once set up, the accountant monitors the system to ensure it's doing what it's suppose to do. And finally, on a monthly basis usually, the accountant presents the financial statements to the business management in such a way that decisions can be made.
There are three main reasons for needing accurate records of your income and expenses: To discharge your statutory obligations to the Inland Revenue and HM Customs and Excise.
To control your finances, and help you manage your business. To enable us to produce your final accounts more efficiently resulting in a saving in your accountancy bills. Coddan can provide an accurate and comprehensive service tailored to suit your business or advise you on the methods best suited to you.
Bookkeeping & Accounting: We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
You can choose as many of our services as you need. Here's what we offer:
Accounting
Debtor chasing and management
Supplier reconciliations and payments
Processing cheques paid and amounts received
Monthly bank reconciliations
Full annual accounts preparation and submission as necessary
Annual returns for limited companies
Filing accounts with Companies House
We are charging a £150.00 fee for Bookkeeping & Accounting (40 invoices per month)
Payroll
£ 80.00
Payroll: Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business.
We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
Customised payslips
Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
Summaries and analyses of staff costs
Administration of pension schemes
Payroll reporting individually designed to suit the business needs
Preparation and submission of all year end reports
We are charging a £80.00 fee for Payroll preparation (5 Employees)
VAT Preparation
£ 70.00
VAT: Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT.
We provide an efficient cost effective VAT service, which includes:
Assistance with VAT registration
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation
Help with completing VAT returns
Planning to minimise future problems with Customs and Excise
Negotiating with Customs and Excise in disputes and representing you at VAT tribunals
SFiling accounts with Companies House
We are charging a £70.00 fee for VAT Preparation (1-20 invoices per month)
(click here for other packages)
BOOKKEEPING & ACCOUNTING. AUDIT & ACCOUNTING. BUSINESS PLANNING & ADVICE
Every UK business is required to complete accounts on an annual basis. These accounts are then used to calculate the amount of tax payable, based on profits and other forms of income. These accounts are important from an individuals perspective as well. Not only do they provide you with information about the profitability and stability of your business, they can also help when requesting finance, both personally and for the business.
To prepare accounts, it is important that you have adequate records detailing the transactions your business makes. These include invoices, statements, books of prime entry and so forth. Without these records, this becomes extremely difficult, and failure to keep adequate records can result in fines being imposed.
The Inland Revenue, Customs and Excise and other government bodies have certain powers to ensure that tax and VAT is collected correctly. Without these records to review, these organisations can raise 'assessments'. When you are assessed for profits, or for VAT liabilities, it is up to you to prove these assessments wrong. Without records, this is virtually impossible. There is a need to keep records for lengthy periods, usually in excess of 6 years. This is because the Inland Revenue and Customs and Excise can request information to prove your accounting calculations are correct.
Coddan is your one stop accounting, bookkeeping and consultancy service for new and small-established growing businesses in England. We look after your paperwork whilst you concentrate on growing your business. We offer a complete bookkeeping service (computerised or manual) with preparation of VAT returns, when required. We have a reasonably priced computer payroll service - economical even for just one employee. Of course, full PAYE records are produced.
We can prepare annual accounts for tax and Companies House purposes as well as regular management accounts to provide you with up-to-date reviews of your business. Our aim is to provide you with information on timely basis in order for you to make your decision on your future business plans.
Coddan specialises in providing complete business service from production of financial accounts from raw data to sorting out all the business paperwork from basic accounting to any taxation or payroll related matter in an quick and efficient manner and provide small and growing businesses the backup it needs so that you as businessmen can concentrate on growing your business in the area you specialise in.
Coddan however, offer a comprehensive range of bookkeeping services, setting you free from the grind of routine administration. If you are confident of your abilities, but not certain how to start, we will help by setting up your books correctly and by writing the first series of transactions. If you need ongoing help with bookkeeping we can offer either a manual or computerised service which can be carried out at your premises or alternatively at Coddan‘s own premises. Every month we will send you a detailed report on your company. The report will allow you to monitor how much money is owed to the authorities at the end of each month and how much money you have available to take from your company. Because this information is updated regularly it allows us to be in a position to offer you timely advice. If you have any questions please E-Mail or call us: 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 207.504.3531.
UK LTD Companies from only £32.00! All Inclusive Company Registration. Each limited company package includes all statutory paperwork and is fully compliant with company law. All our private UK companies are general trading companies and can be used to conduct any type of business. A Certificate of Incorporation, and the Memorandum and Articles of Association of your company will be sent to you upon formation of your company. You can appoint your own directors and secretary BEFORE company incorporation. This is absolutely FREE. Our 4-8 hour online incorporation service enables you to register your company quickly and effortlessly. All government and filing fees are included in the cost of our E-Quick pack. All certificates and documents will be sent directly to you via email immediately following the formation of your company. It will take just 5 minutes to complete the online registration form, then your company could be up and running within 4-8 working hours.
THE E-QUICK PACKAGE CAN BE UPGRADED WITH ANY OF THE FOLLOWING FEATURES:
1. Company Pliers Seal - £20.00. 2. Laminated Hard-copy of the Certificate of Incorporation - £5.95. 3. Laminated Hard-copy of the Certificate of Incorporation, Bound Copies of the Memorandum & Articles, and Combined Company Register - £12.95. 4. Domain Name Registration for two years - £16.00. 5. Provision of a Registered Office Address for 12 months - £50.00. 6. Provision of a Nominee Company Secretary for 12 months - £49.95. 7. Certificate of Good Standing - £35.00. 8. Notarisation & Apostille of Documents.
Whether yours is a new or a mature business, ensuring that you have the necessary finance is essential for achieving your objectives. Indeed, one of the most common causes of business failure is badly structured or inadequate financing. We can help you:
Conduct a feasibility study of your projects Decide on the most suitable sources of finance - personal capital, bank overdraft, long-term commercial loans and mortgages, national and regional agencies, venture capital, or equity capital Prepare the necessary business plan, forecasts, prospectuses, etc. Present your proposals to your chosen finance source Arrange a disposal, merger/acquisition, or management buyout/in Our expertise and contacts will help you open doors that may otherwise have remained closed for you.
Bookkeeping & Accounting: We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts. Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need. Besides your core bookkeeping, we can also maintain your VAT records, prepare and audit your group pension fund, and take on short-term projects to relieve your staff of any temporary overload. But perhaps the most important part of this service is the preparation of management accounts. These are vital to the continued success of your business. We discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
International Services: No man is an island; and these days few businesses are. Rapid globalisation, the growing importance of the EU, and the burgeoning growth of the Internet as a business medium are all conspiring to add an international dimension to UK businesses. Trading with overseas companies, selling to overseas markets, and setting up overseas operations all require expert knowledge. We can help you:
Set up accounting procedures for dealing with the euro or other currencies; Determine the best business structure for tax purposes; Reduce your overseas tax burden; Develop strategies for financing overseas subsidiaries; Repatriate profits at minimum tax cost.
Documents required for opening an Coddan bookkeeping account:
Areas of Your business and turnover description Attach photocopies of the passport of each Director and Shareholder (pages showing passport details); Affix one photograph for each of the bookkeeping account holders, with their names written behind the photograph; If you are a UK or EU person, mention your Social Security Number/ Tax ID Number; Please attach a copy of one of the following: Social Security Card/local government issued identity card/ local driving license/ statement of local bank account/ check drawn on local bank account/ a utility bill (the address in last three documents must match the address given in the account opening application); Please attach a copy of Certificate of Good Standing with Directors, Secretary, Shareholders and your registered and business address details.
Payroll: PAYE has a great repercussion for both employers and employees, so here you will find some of the pitfalls to avoid which we have covered in this page.
Employers: You have obligations to the Inland Revenue if you employ staff. Ignoring these obligations means penalties and interest will shortly be affixed to your employment costs. Majority of penalties arise if you:
Miss a specific statutory deadline for submitting tax and national insurance you have subtracted from your employees, or Submitting returns late to the Inland Revenue.
Making a late payment or forgetting to send off a specific return may result in you being penalised.
Employee Benefits: Providing employees with benefits, such as company cars and health insurance; be sure to watch out for the following:
Identification is difficult – therefore unrelated expense can be classified as a benefit, for example excessive staff entertaining. Benefits have their own national insurance payment which has to be paid by employers in July each year. Benefits have to be announced to the Revenue on particular returns which must be sent on time to avoid penalties.
Employers - Other Points of Interest: Small businesses are likely to pay their deductions quarterly rather than monthly - this will aid with cash flow mainly for new ventures. Employers will need to make their own contributions based on salary levels to national insurance. This will be added to tax and employees national insurance deductions when it is paid to the Inland Revenue each month/quarter. Employees must make sure you only pay what you owe, make your own calculations.
From your salary the deducted tax is calculated by taking away a part of your annual tax free allowance from your salary and applying the right tax rate to the difference. Many payroll systems are usually capable at calculating the tax due, but they depend upon the tax office to issue a proper code number to quantify your annual tax free allowance - mistakes in this area can be made and your tax bill increased unnecessarily.
A few common errors are:
Employers can be slow in sending in details to the tax office when new employees start, which can delay the issue of a correct code number resulting in excessive tax deductions. Unless the tax office is informed, employees who change their company cars for lower taxed models, or even stop using a company car will continue to be taxed based on last tax years information. The tax office will now and again seek to recover unpaid tax in earlier years by reducing your tax code in the current year. This deduction must always be checked to make sure the formation does not double other payments that you have made straight to the Inland Revenue. Making sure that changes are notified to the tax office quickly is the key to maintaining a correct code number.
How We can Help: We are trained to advise our clients relating to all aspects of payroll preparation and submission. We offer an all inclusive payroll service if you would like to outsource this time consuming process. We can prepare human resource consulting and advise on recruiting staff. If you wish you can get in contact with our advisors to discuss any of the issues raised on this website. If you need your code number checking or a full payroll service get in contact with us we are here to assist you.
Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance. We have dedicated staff who can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
Our Service
We provide a fast online service for company registration, LTD company formation, and business incorporation in England, Wales and Scotland. When first setting-up a business there are many issues to consider. You need to decide whether or not to incorporate your business, and to choose a structure for your business. There are several types of legal business entities which you can choose to operate as. For more information on these choices, follow the links below. We advise that professional legal and financial advice is obtained before a final choice of business entity is made.
Coddan is a leading service provider in the field of English, Scottish and Irish company formation and company registration. We can help you in starting a business in England & Wales Scotland and Northern Ireland. Over 95% of our companies are incorporated within 6 hours. The electronic submission of information enables a fast company start-up satisfying all of the required legal formalities: a director, a secretary, a registered office and shareholders. Our electronic filing software has been approved by Companies House.
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Customised payslips; Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc.; Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue; Summaries and analyses of staff costs; Administration of incentive schemes, bonuses, and ex-gratia and termination payments; Administration of pension schemes.
Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
Strategic Planning: Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over- or under-capacity, or missed opportunities. Every business owner needs a planning adviser who has the time and space to take the long view and advise on appropriate courses of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on. Contact us today for a planning review.
Audit Services: Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre. Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions. We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
Corporate Tax Planning : Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government. We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
Determining the most tax effective structure for your business; Taking full advantage of tax opportunities and reliefs; Achieving the optimum capital or revenue tax treatment; Reducing tax on disposals and maximising relief on acquisitions; Making the most of tax opportunities specific to your industry; Meeting the rigorous demands of compliance including corporation tax self assessment; Acting on your behalf in discussions with the tax authorities; Efficient corporate tax planning can result in potentially significant improvements in your bottom line.
VAT: Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! We provide an efficient cost effective VAT service, which includes:
Assistance with VAT registration; Advice on VAT planning and administration; Use of the most appropriate scheme; VAT control and reconciliation; Help with completing VAT returns; Planning to minimise future problems with Customs and Excise; Negotiating with Customs and Excise in disputes and representing you at VAT tribunals.
Estate Planning: Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now. The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers! It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime. We provide a discrete estate planning service that includes:
Help with drawing up and reviewing your will; Making full use of exemptions and lower tax rates on lifetime transfers; Optimising lifetime transfers between spouses; Transferring agricultural or business property; Transferring assets into trust; Arranging adequate life assurance to cover potential inheritance tax liabilities.
We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.
Trusts & Executorships: Trusts can sometimes help you to eliminate unnecessary tax charges and still keep the maximum possible part of your family's wealth. Maybe you'd like to transfer part of your wealth to a family member but still retain control. Our specialists can set up trusts and take care of all the administration. We can advise on the most suitable type of trust for your purposes, set up trusts, and provide a full range of accounting services for trusts. We can also advise you on the preparation of your will. Where appropriate, we can act as trustees or executors.
We can also advise on overseas trusts, making full use of our close connections with specialists in low tax territories.
Inheritance tax can take a large bite out of your family's wealth, which can sometimes result in your family home or business having to be sold. We can help you arrange your financial affairs to limit its effects. In fact, early planning can often result in substantial tax savings. We are also happy to work with your solicitors in deciding how your will might be drafted, leaving your family with the maximum assets and the lowest possible tax. We can act as executors or trustees and our trust department undertakes estate administration.
Due Diligence: If you're considering buying a business, you need all the information you can get. Not only do you want to make sure you're not buying a lemon, but you also need to fully understand the business - especially if the future financial health of the rest of your organisation depends on the projected performance of the new purchase.
Our transaction support team has prepared due diligence reports on companies ranging from small family enterprises to major multinationals. Our investigations are designed specifically to meet your needs and our attention will be focused on the areas you are most concerned about. But the real advantage of commissioning investigative reports from a multi-disciplinary firm such as ours is that we can integrate the very best taxation advice with the purchase, giving you a distinct advantage in a critical situation.
Documents Required for Opening Bookkeeping Account:
Areas of your business and turnover description; Attach photocopies of the passport of each Director and Shareholder (pages showing passport details); Affix one photograph for each of the bookkeeping account holders, with their names written behind the photograph; If you are a UK or EU person, mention your National Insurance Number; Please attach a copy of one of the following: Social Security Card/local government issued identity card/ local driving license/ statement of local bank account/ check drawn on local bank account/ a utility bill (the address in last three documents must match the address given in the account opening application); Please attach a copy of Certificate of Good Standing with Directors, Secretary, Shareholders and your registered and business address details.
Our Prices: Our fees are based on the amount of hours it will take to complete the work. We like to meet with each customer in order to assess what work needs carrying out, where we believe tax savings can be made and answer any questions you may have. Our quote stands for 12 months so you have plenty of time to think about it! We offer flexible payment options which allows our customers to pay their accountancy fees monthly by standing order which can really help with cashflow. Our customers also get access to national deals on other business services and good recommendations to local suppliers and contacts.
Who We Help: If you are wondering if your business is suitable for our services then take a look at the list below to see if your business falls into these categories:
Just starting up Sole Trader Partnership Limited Company
We focus on businesses with a turnover of less than £1 million because we feel that small business owners deserve a service and a one stop shop where all of their business affairs can be looked after and dealt with. We offer a value for money service that is unrivalled across the UK.
Check Your Order Status
£ 150.00
Bookkeeping & Accounting: We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
You can choose as many of our services as you need. Here's what we offer:
+44 (0) 207.935.5171 
+44 (0) 141.530.8188 
+44 (0) 289.099.8744 
Conduct a feasibility study of your projects
