Accountants in Portsmouth
Welcome to Smooth Accounting Chartered Accountants
At Smooth Accounting we are able to provide our Portsmouth based clients with a wide selection of services. This includes traditional accountancy such as: accounts preparation, bookkeeping and taxation advice.
Small Business Accountants in Portsmouth
We are trained and registered accountants, who are ideal for small businesses looking to grow. If you own a small business and need to become tax efficient we can help. Our accountants offer a wide range of experience and expertise in small business accounting, regardless of your industry and sector.
When you own a small business you need to remain on top of all of your finances. This includes invoicing, expenses and yearly accounts. Dealing with HRMC can also be time consuming and complicated. Fortunately for you we can take care of all of the small business accounting tasks. We can become your personal accountants on a monthly retainer, we don’t charge by the hour for every little thing. We believe this is a far better way of providing an accounting service.
What is a small business?
What small business accounting can we help you with?
VAT Accounting Services
VAT can be difficult to understand and the regulations surrounding it are constantly changing. There are many rules and exceptions to navigate. With our help, you can be sure that your VAT obligations are met, without costing you the earth.
At present, businesses with a taxable turnover of over £85,000 in a 12 month rolling period must register for VAT. This includes both Limited Companies and Sole Traders. However, if your turnover is under £150,000, there are VAT scheme options available to you.
Why do I need VAT accountant?
VAT can be very confusing. Some goods and services are VAT exempt, whilst others aren’t. Failure to comply with your VAT obligations can result in fines and other issues. Our experienced team can ensure that you’re getting the most out of VAT, without paying over the odds. We can also advise on your individual circumstances and whether there might be beneficial schemes available to you.
Save time and money with Xero Cloud Accounting
Xero Cloud Accounting allows you to access your accounts, anywhere! It’s a secure and simple way to streamline your accounting across multiple devices – whether you’re at work, at home or on the road.
Xero Cloud Accounting usually costs £22 a month + VAT (depending on your requirements) – plus we can handle the entire migration process for you.
What is bookkeeping?
Why do I need an accountant for my bookkeeping?
Accountants for Self Employed and Sole Traders
What records do you need to keep?
Accountants for Limited Companies
As a Limited Company, it is important to remain as tax efficient as possible, whilst fulfilling your various and ranging legal responsibilities. Full compliance protects your company against fees and penalties. We assist Limited Companies with tax preparation, taxation advice, financial efficiency, registered offices and bookkeeping. Allow us to handle the financial side of your business, so you can keep doing what you do best. A Limited Company is a private company – meaning that its finances and actions are separate from the finances of its owners. This protects individuals from financial issues, should their company fall on hard times.
There are several other benefits of setting up a Limited Company, including tax advantages, dividends, investment opportunities and business loans. A Limited Company has more credibility, but added legal and personal responsibilities. We can help with the finer points of setting up your company and keeping it running in a financially viable and effective manner.