. Are you a new company starting out? Are you doing your accounting yourself but struggling, especially with the Payroll and VAT? Coddan CPM has helped hundreds of new technology companies starting out, including university spinouts, and we have watched these companies grow into successful established businesses. We offer a comprehensive range of accountancy services and our outsourced back office service is particularly appealing to those not large enough to hire a full, or even part, time accountant.
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. As part of the bookkeeping service, Coddan CPM will prepare the necessary periodic VAT returns, collating the relevant documentation and liaising with HMRC during their regular VAT audits.
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. Coddan CPM offers an expert, efficient and highly confidential Payroll service to businesses not large enough to have their own payroll department or the expert staff to run it. We take care of the whole process, from the payment of your first employee, to the end of year returns, including all correspondence with HM Revenue & Customs. Our team offers a range of accounting, tax, financial, IT related, legal and other business services. From accounting and auditing, through business management to retirement and succession planning, we have the expertise to help clients maintain and build on their success. Our network of consultants ensures value additions to our clients, to place them in an ideal situation. There is certain insurance that you are required to have by law - and there are other basic types that we would advise, although not legally required, you should have to reduce your personal risk as a director. Let us know how we can help.
Choose one of the following packages that will best serve you:
Further information
By utilizing Coddan bookkeeping service, you'll spend less time on your books and achieve better results. Professionally prepared financial records provide powerful information tools that enable you to better manage your business. These records and reports enhance your interactions with accountants and financial institutions, so you have an accurate picture of your financial health to make better business decisions. On-site arrangement. The work is done at your office using your computer system and accounting software. Appointments can be arranged at a time that, as much as possible, matches your schedule. You furnish the necessary paperwork and the information will be input into our computer system. No requirement for you to own computer or purchase accounting software.
In addition to the hard copies of your paperwork, we also provide you with back-up copies of your data in digital format. A copy is also kept at our office so that in case your files are damaged or lost, we have a back-up copy. You don't need to own a computer to benefit from the advantages of computerized records. If you later decide to purchase a computer, all your records can be transferred onto it. No additional travel expense fees.
To be successful, independent bookkeepers need to be thorough, dependable and accurate as well as skilled in using accounting and sometime spreadsheet software. You must enjoy paying attention to details, and honesty and integrity are crucial. If you'd be tempted to go along with a client who asks you not to report or to hide income, it's best to look for another business because you won't last long in this one.
A client who'll ask you to use questionable practices may have no compunction about not paying your bill. Services include; Accounting, Bookkeeping, PAYE & payroll, Sage accounts, Self Assessments, Small business and Start-Up advice, and VAT. Each client has individual needs and a package of services is put together specifically to meet that client's needs.
We provide all types of bookkeeping services as well as consulting and training on business systems. We can help you organize the paper in your office to create easy retrieval processes and develop office procedures that establish clear audit trails. Accounts Payable: You can have your bills sent directly to Coddan where they will be paid in a timely manner.
Accounts Receivable: Coddan will invoice your customers and manage collection as necessary. Coddan can receive your payments and deposit them directly into your bank account. Financial Statements: Coddan will provide monthly financial statements for your review as part of our standard bookkeeping package. Reconciliation of Bank Statements: Your bank statements can be mailed directly to Coddan for reconciliation. Payroll: Coddan will manage your payroll and maintain your payroll records. Vendor and Customer Files: We will maintain vendor and customer files for all those you do business with.
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)
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: 0800 081 1510 or +44 (0) 207 637 3881, fax: +44 20 7681 3318.
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.
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:
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.
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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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.
U.K. Limited Companies
Accounting & Bookkeeping
£ 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.
+44 (0) 141.530.8188 
+44 (0) 289.099.8744 
Conduct a feasibility study of your projects
