What we do

Bookkeeping is one of the most tedious tasks when running a business. The repetitive processes can be a complete drag, especially when you want to focus on more important things.

That said, it’s necessary as it gives you a better understanding of your business’s finances.

We completely understand why you may put the process off, and that’s where we come in. We’re more than happy to do it for you! You’ll never have to record your transactions again.

As your books form the basis of your annual accounts, we’ll stay on top of your spending and earnings, so when that dreaded deadline finally looms, we’ll be ready to send everything off.

We can set you up with cloud accounting, so when you want to glance over the figures, you can do so from the comfort of your own home. The real-time updates mean you’ll be kept in the loop, knowing your receipts and invoices are safely stored away. Why waste all the paper when you can look at your figures from your phone?

We’ve been doing this for a while now, and we’re pretty good at it. So, save yourself the hassle and get in touch with our accounting team today.

Everyone loves getting paid on time. We do, and I’m sure you do too. Your staff definitely do!

If you don’t stay on top of your business’s payroll, you run the risk of annoying everyone, and you don’t want that.

We know payroll comes with a few lengthy processes; having to file returns with HMRC and setting up new members of staff, just to name a couple. Well, let us take over your payroll for you.

We’ll run your business’s PAYE scheme, do all the necessary calculations and deductions, and we’ll even sort out your pension contribution legwork. If your staff or HMRC have any questions, we can answer them on your behalf.

Staff payments can vary depending on their situation. Their salaries could be different based on their role, they could have to pay student loan debts, or they may even need some time off for maternity leave. That’s okay.

If you use freelancers, then that’s ok, too; we know everything there is about payroll. It’s our bread and butter.

Save yourself the headache of constant calculations and get in touch with the Spark team today.

Each year your company has to submit a corporation tax return to HMRC, even if you haven’t made a profit and have no tax to pay.

Even though it sounds a bit unnecessary, it’s part of the system, and that won’t change. When you file a return, you need to be sure there are no mistakes, and it’s filed on time. You don’t want to risk HMRC surprising you with extra penalties.

Well, we’re here to help. We can coach you on what needs to be done to avoid being in HMRC’s bad books.

We can prepare your company’s tax returns and help you claim relief and allowances, lowering those dreaded tax bills. If HMRC comes knocking, we’ll answer the door.

You can ask us about anything. Whether it’s claiming R&D tax relief for your company’s innovative efforts or even if you want us to look at your expenses, we can do it all.

Our combined efforts with bookkeeping and accounting will help your company be as tax efficient as possible, no bull.

Contact us today for more information on how we can help with your corporation tax.

It pays to be bold. Looking ahead to the future of your business is a sure-fire way to reach your development goals.

Forecasting is all part of that process. Saving money for a rainy day could be well used in your business rather than just spending it on a whim.

While we can’t read the future, the experts at Spark Accountants are well-versed in business forecasting.

We’ll look back at your year-on-year figures and let them paint a picture of what your business can expect over the coming months.

In doing so, we can give you a better understanding of where you can be saving money. Certain times of the year can prove to be quieter, so by considering this, we can help you prepare properly.

Saving money on staff and ordering stock will help you squirrel away some cash you may need in case plans go awry.

Forecasting isn’t just for emergencies. If done properly, you can plan to expand your business further or invest in something which will strengthen your business.

We’re on hand to answer any queries you may have, so don’t hesitate to contact our team.

VAT is complicated at the best of times. The regular returns are a chore, but HMRC demands it.

If you do it wrong, then penalties and investigations could be headed your way. If you do it right, then you can reap the benefits of a lower VAT bill.

Our team doesn’t want you to suffer the wrath of HMRC, so we’ll take your VAT processes and streamline them. We’ll get you registered and file all the returns on your behalf. If the time comes when you may need to deregister from VAT, we can do that too.

We help a wide range of different businesses – we know the intricacies of VAT and the different rates involved. Retail alone has several different VAT schemes depending on the goods you sell.

VAT is part of Making Tax Digital (MTD), so we can make sure your returns are filed with MTD-compatible software. We’re a smart bunch, and we keep on top of all the new rules and regulations HMRC pumps out.

At Spark, we’re all about people. So, if you need help with your VAT returns, you can rest assured knowing we will help you.

Knowing where your money is going should be one of your top priorities, but sometimes getting lost in the numbers can be easy.

Keeping track of your cashflow is laborious but not impossible with the help of accounting experts.

Spark Accountants are those experts. We have a keen eye for detail and can give you the tools you need to understand your cashflow.

With a cashflow plan, we can compile your expenditures and income and put them in a digestible format so you can see exactly what is being spent.

Your cashflow is the lifeblood of your business. With a positive one, you can hire new staff members or expand your services. With a poor cashflow you may have to clamp down on labour spend and other necessities.

Maybe your cashflow is being affected by your stock? Well, we can take a look and advise on cheaper options, making comparisons on the market. We can also advise you on whether you need access to more funding and how to secure it.

We’ll apply our financial prowess to your business’s cashflow and shed some light on your progress. Get in touch today.

Being the person in charge requires you to spread your attention across many areas.

This can make it difficult to spot emerging opportunities that would be too good to miss or emerging issues which could have a serious impact on you and your business.

Our managing accounts service is there to make sure these things don’t happen. Our insight-driven experts will analyse your business and create quarterly reports for you which explain the health of your business.

The report will include your cashflow and business goals, so you know exactly what you’re earning and what you need to spend to get where you want to be.

Our services can empower you to make savvy business moves and give you the tools you need to deal with any issues you may encounter. You’ll never need to second guess your business decisions again.

With years of experience under our belts, we can cut right to the chase and provide a commentary on your operation so directors, managers, lenders or investors will understand clearly.

We see working with you as a partnership, so when you’re happy, and your business is thriving, we can rest easy knowing we’ve done our job.

Ask our team about how management accounts services can help you.

Preparing and submitting your financial statements throughout the year isn’t fun, especially when meeting certain deadlines.

Having to dig through all your numbers and translate them into an HMRC-compliant format can take up a substantial amount of your free time. So, why not let us do this for you?

Based on a time frame that suits you, our accounting team will collate all your financial data and ensure it complies with the relevant standards, including the companies act.

We’ll make sure the accounts are reviewed before sending them off. We want to give you the peace of mind you deserve.

We’ll create comprehensive financial statements you can use anywhere, whether it’s for Companies House, HMRC or maybe even your investors and shareholders. We’ve got you covered.

By producing accounts for your business, you’ll get insight into how your business is doing. You’ll know how profitable you are and what you may need to do to reach the next level.

Don’t hesitate. We’re happy to talk you through our accounts production service and see if it’s right for you and your business.

You know what they say. Failing to plan is planning to fail; this saying definitely applies to your taxes.

Without the proper planning, you can end up giving HMRC a larger portion of your earnings. You don’t want that, and we don’t want that for you.

Getting ahead of your accounts will give you some idea of anything you can claim back once your returns are ready to go to HMRC.

By letting us sort your tax planning, you can guarantee we’ll minimise your tax bill and make use of any allowances and reliefs available to you.

Whether it’s capital gains tax (CGT), corporation tax or even the standard income tax, we know all there is to know about taxes.

Maybe you want to start considering your will. Well, we can advise on how to stop your inheritance tax from eating up the money you leave to your loved ones.

Our services are much cheaper than the potential penalties and subsequent investigations you could incur from poor tax planning and filing.

Even when your taxes are paid and filed with HMRC, we’ll still be there to provide ongoing support for you and your business.

Get in touch with our team today.

Research and development (R&D) is an important part of any company’s efforts, but it can be expensive. You may not know that you are eligible for tax relief on your R&D costs if they exceed certain limits.

It sounds like you have an idea for something new and innovative. We want to make sure it’s not just a flash in the pan, so we’ll do our best work possible on your behalf, working out if this qualifies as innovation or uncertainty.

We help you work out what it is that qualifies your company for tax benefits. From the R&D conducted by employees to materials and processes developed in-house – we’ll make sure they are claimed fully.

What can you claim? Up to 43.7% of your qualifying R&D expenditure. Funding for your business can really benefit from this source and it will be beneficial in the long term. The average claim is around £78,000.