. 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. Coddan Provides Accounting & Bookkeeping Services in London: Experts in UK Accounts Rules, We Act as Your Very Own Accounts Department - Services from Cheap Bookkeeping, Tax Returns, PAYROLL and UK Limited Company Formation.
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Coddan is the bookkeeping profession association and certifying body, offering bookkeeping news, bookkeeping professional education, and help with everyday accounting, Coddan - company is a private consultancy specializing in full charge bookkeeping services for small to medium sized businesses. Online UK ltd company formation, limited company formations, applications, online registration, and company start-up. Accountant, accountancy, accounting, services, book keeping, management accounts, paye, payroll, bookkeeping, self assessment, management accountancy, Coddan accountancy, start-up small business advice, vat accounts management service.
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 that 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. 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. From Accounts Receivable to Accounts Payable, each service is customized and ran based on the specifics of your company. As a business owner, you can rest easier knowing you and your management team are provided with regular cash flow updates to keep you aware of your cash position at any given time in the month.
Financial analysis is a financial tool that can provide information on the business performance on any given month compared to budget or compared to company’s historical data. By combining tension-free financial planning with historical performance, a company’s management team is better suited for making improved future business decision. Cashflow projections are done based on the company’s need that can be prepared quarterly or semi-annually. Cashflow projection can assist business owners to prepare for future extraordinary expenditures. Multitasking is a way of life for small business owners as well as many of the employees that work within a small business. Unfortunately, in the midst of multitasking, sometimes activity can be confused with accomplishment.
With our newest offering, Business Office Consulting, you and your business will receive the perfect option for learning the proper procedures for running a smooth business.
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.
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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Bookkeeping & Accounting
£ 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
