EFFICIENT & PERSONABLE
Chartered Accountants in Wimbledon, London
We are more than just accountants. We focus our business accountancy services on one ideal, which is to help our clients make better and more informed decisions about their money. Our team of chartered accountants based in Wimbledon, London work on helping you to maximise profits, income, capital, and also ensure accounting compliance. Once this has been achieved, we then work tirelessly to protect it. We have three main divisions, each of which specialises in specific areas of accountancy, all of which, we completely tailor to each client and the demands of their business.
Whether you are looking for business accounting services, tax accounting services, or financial accounting services, you can have peace of mind knowing that you are in expert hands with our team of accounting specialists. All of our chartered accountants work together with our legal and property professions, as well as with our extensive network of specialist partners. From early start-up advice to on-going business growth and development, our accountancy team provides first-class solutions to both businesses and individuals. When you choose us for your business accounting services, you can be comforted with the peace of mind that your finances are in completely safe, capable, and experienced hands. Our local accounting specialists take the time to fully understand the needs of your business and personal needs, tailoring our services to meet your requirements. To find out more information about our accountancy services, please get in touch.
Our Accountants Services
Our chartered accountants provide a full range of services, including:
SMALL BUSINESS UNIT
- SME business support
- Exit and succession planning
- Financial accounting and corporation tax
PERSONAL TAX UNIT
- Personal tax and wealth planning
- Property and tax structuring
- Family investment companies
Experienced & Reliable Chartered Accountants in Wimbledon
Whether you are looking for personal tax services, property and tax structuring advice, SME business support or tax compliance, our chartered accountants are here to help. Working closely with other departments within Z group such as legal services, surveying and architects we are able to provide a multidisciplinary approach for our clients. This close collaboration between our chartered accountants and other teams is what makes us different to other firms.
Our combined history and experience in providing professional accountancy services locally to the Wimbledon area enables us to provide a high-quality service to our customers. Our chartered accountants provide specialist advice and services are tailored specifically to the needs of each individual client. Z groups approach as a company is truly unique.
We have previously worked with many different clients, ranging in size from small startups to large corporations, as well as providing personal tax services. Our accountants provide honest, transparent and straightforward advice, enabling you to make informed decisions every step of the way. Whether you need advice on growth, consolidation or exit and succession planning, our wealth of experience makes us a smart choice. Our collaborative and coordinated approach to all of our projects enables our chartered accountants to provide unparalleled services to our clients.
Our experience within accountancy has enabled us to learn that no two clients are the same. Therefore, our team of chartered accountants are committed to providing a strong relationship with our client to ensure that they are ready to make important financial decisions. Our unique approach to how we work with our clients and also as a multidisciplinary team enables you to have peace of mind knowing that your personal/business finances are in safe hands. Get in touch today to discuss our accountancy services in more detail.
Accountants Services FAQ
Benefits of accountants include expert advice, accounting support, transparent and fixed fees, a well-developed accountant service, and an experienced and diverse team of accountants, bookkeepers, tax specialists, and business advisors. And if you need any more reasons why we need accountants, we also have a great team of lawyers to help with individual and corporate legal matters. Our accountants and lawyers work together to ensure that you have the best accounting support, not only building wealth but protecting it as well.
Please contact us and we will arrange a call with you to discuss your accounting requirements – we do not operate on standard fixed fees because every businesses accounting needs are different and all businesses require different levels of accounting help. Once we have discussed your business in detail with you, we will provide an accounting quote, which, wherever possible, will be a fixed fee for the accounting work that we have agreed. Occasionally, we may agree to work on an hourly rate basis, but we try to avoid this if we can.
The initial accounting consultation is free of charge and we will assess at that consultation what our fees will be for the accounting work that you require – everyone has different accounting requirements and every business has different needs. We’ll tailor our accounting quote specifically to the accounting jobs that you need us to undertake and the advice that you need us to provide.
Changing accountants is easy. All you have to do when switching accountants is agree on fees with us, instruct us to request professional clearance from your existing accountants and drop them a line to let them know to expect to hear from us. Your existing accountants will provide us with all the account information that we ask for and we will be able to take over your accounting from there.
Your self-assessment tax return for an individual should be completed and filed (electronically) no later than the 31st of January following the end of the Fiscal period (which is 05 April) so for the year ending 05 April 2021, your tax return should be filed and all tax paid, no later than 31 January 2022.
2021 saw a one month extension because of Covid-19 but usually, the 31st of January is the self-assessment tax return deadline.
For companies (who still have to file self-assessment tax returns, but we call them ‘Corporation Tax Returns’ instead), the deadline for filing is one year after the company’s financial year ends – BUT, the tax needs to be paid nine months after the year end, so that’s a little confusing from HMRC but we offer excellent tax support.
The fact is though that there is no need to wait – as soon as the accounting year ends, both for individuals and for companies, you can start the accountant self-assessment process and we can file your tax return as soon as we have all the accounting information we need. Our self-assessment support gives you lots of time to prepare for the tax payment that is due, and means you don’t have to worry about it for another year.
Corporation tax is the tax that registered businesses pay on their profits – so that’s limited companies, not sole traders or partnerships. We’ve enjoyed a very low rate UK corporation tax for a while now and that is currently at 19%. The March 2021 budget announced some increases to UK corporation tax rates for more profitable businesses that are set to apply from 2023 so it’s essential businesses start their corporation tax planning.
Your business profits are what is left over after you have deducted all your expenses from your income, however, there are other accounting adjustments that should be made – some items can be deducted from profits, and some cannot. We would recommend using our accounting service to have the best accounting advice when working out your taxable profits so you don’t end up paying too much or too little tax.
We are also experts in Research & Development Tax Credit claims – which can not only significantly reduce your tax bill but usually results in HMRC paying you money back into your bank account. Please contact us to see if you might be eligible for R&D Tax Credits and how our limited company accounting can help you claim these.
Management accounting, depending on the size of your business, your profit margins, and your ultimate goals, can be critical to the future of your business.
Whether you are doing really well, or just scraping by, it is very important to use a certified management accountant to know what your profits are, how your teams are performing, which revenue streams are the most profitable, and where you might be able to reduce costs while increasing your income.
We have experienced business advisors who can meet with you to discuss your management accounts and help you use the information to drive growth, navigate tough times or implement changes while keeping a very close eye on the performance of your business.
Our management accounts service will help you to create a fully rounded set of management information, budgets, and forecasts that track your most important KPIs, keep you fully informed on how your business is performing and help you make key strategic decisions.
We don’t always recommend that every business needs strategic account management, but if you have ambitions, if you would eventually like to sell your business, grow your business or improve your profitability, then we definitely suggest that you keep right on top of your numbers and the use of management accounting is the best way to do just that.