Services

Our Services:

The list of tasks associated with every business is huge and complex and the failure of fulfilling such tasks on time may amount to penalties and hefty fines. Smith King & Co. efficiently accomplishes such complex assignments on time and adds further value to its clients’ businesses through tailored made services.

We know that every client is different; their ambitions are different, different stage of life and have varying expectations, demands and needs. We look to tailor our services to every client where possible in order to maximise the value obtained by them. A wide range of services are available to various clients and in order to assist you in identifying what common services will be of value to you, we have arranged them into different categories for you to choose. If you do not know what service is required or cannot find what you are looking for, feel free to give us a call for more information.

It is the most important a business owner has to carry out and comply its legal requirements. It is vital to ensure good accurate information is obtained to ensure financial statements show a true & fair view of the performance and financial position of the business. In order to keep costs to a minimum, many owner-managed businesses carry out this task themselves and request guidance to help them get started.
Whatever your requirements, we are here to help. Please give us a call for more information.


Business Start-Ups :

If you intend to start a business because you realise you have a good business plan but cannot determine the financial aspects of it, we can help. We will ascertain the right business structure, make financial projections and assess the financial requirements according to suitability of your proposed business.

We offer advice when starting up or buying a business. That's where we fit in. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. We can also help you:



  • Suitable structure of your new business and which systems to use (Sole trader, partnership , Limited Liability Company or Limited company
  • Deal with company secretarial issues and initial compliances
  • For a new business, preparation of a business plan, cash flow statements/projection, budgets and forecasting
  • Financial analysis of business to be purchased in case you buying a existing business
  • Help you to evaluate your business and how to improve them into more success
  • Initial registration with the HM Revenue and Customs and Companies House
  • Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
  • Overall set up a recording system for your internal use and for complying with statutory requirements


Bookkeeping & Accounting :

Smith King & Co can provide a range of bookkeeping services to clients without the resources to accomplish this function or those who prefer to outsource such services.

You can give us an opportunity to be your bookkeepers, on site or in our office. Depending on volume of work, this could be bi-weekly, monthly or quarterly, giving you more time to run your business smoothly.

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and day to day accounting needs. 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 and needs, so we can provide exactly the service you require. In additions of your core bookkeeping duties, we can also maintain your general books of records, and take on short-term projects to relieve you and your staff members of any temporary work overload.

We can say that a successful and growing business is one of the most important paths to financial freedom. We take an active interest in our clients' businesses and provide solutions and strategies to improve their overall profitability, minimising taxation, generate and preserve company’s wealth.

If your business needs in-house bookkeeper all the time, in that situation clients find it cost effective to either learn how to use an off-the-shelf bookkeeping program or to create a spreadsheet on excel to carry out the bookkeeping. We can assist these types of clients in creating the spreadsheets to record all the necessary financial transactions. Despite using a number of bookkeeping packages on the market, we can only offer training on generally used bookkeeping packages.


VAT returns and services :

Smith King & Co. can assist you with Value Added Tax applications and will deal with the HM Revenue & Customs on your behalf until registration is complete and get the VAT registration number. In connection with this, we can provide you on the number of VAT schemes available and we will assist you in identifying the most appropriate scheme for your business.

As mentioned earlier, a bookkeeping service is available to those clients who wish to utilise more of their time developing the business. We can see that the VAT is commonly seen to be one of the most complicate and onerous tax regime imposed on business. In other words, identifying allowable and disallowable items, VAT rates of supplies made or service provided, place of supply rules, partial exemption rules, scale charge adjustments along with many others result in a high risk of over/under payments. International transactions and customs requirements can also become very complicated. We are here to assist you with meeting compliance requirements and to take away the hassle of record keeping.

HM Revenue & Customs are taking greater interest in smaller businesses and their records and Smith King & Co. always take care of this area. We provide an efficient cost effective VAT service, which includes:


  • Assistance with preparation of VAT application and registration procedure
  • We can act as your VAT agent and providing a UK address as a point of contact for H M Revenue & Customs.
  • Advice on VAT planning, schemes available and administration
  • Use of the most appropriate scheme for your business
  • VAT control and reconciliation, compliance with the HMRC
  • Help with completing online VAT returns and submission to the HMRC
  • We will advise you when VAT returns are due for submission.
  • Attending VAT visits
  • Dealing with H M Revenue & Customs on your behalf in respect of VAT issues
  • Smith King & Co. also provides an extra service in connection with VAT records inspection and dealing


Annual Accounts :

We can prepare financial statements for sole traders, partnership firms, Limited Liability Companies, Limited companies and Charities with excellent and most commonly used software packages.

Our staff members are excellently trained in the preparation of Statutory Financial Accounts that comply with the current accounting standards and are well versed on any changes to the standards specific to your industry.

We can also provide management financial accounting assistance during the year to fit with your reporting requirements to internal or external sources. We provide regular reporting and financial accounts preparation and presentation to the management.

An annual financial statement is prepared in such a way that report on company’s financial activities throughout the year showing true and fair view of the results. Annual Reports are intended to give shareholders and interested third parties information about the company’s activities and financial performance. Your business may have a legal duty to produce statutory accounts and submit to the relevant authorities. It means produce of the financial statements are very important that can be used to market your business to investors.


Payroll :

We understand the complexities of taxation and employment laws and therefore offer a comprehensive payroll service to our clients, which include payroll, pay slips, year-end returns and advice on HMRC obligations to fulfil. Smith King & Co. can relieve you of this burden by providing a comprehensive and confidential payroll service

If you are becoming an employer and taking some people on the payroll, it is very difficult for small and medium sized organisations or companies to manage and operate paye scheme. It is legal requirement that an employer must set up payroll scheme for all employees they pay during the year.

From 6 April 2013 all employers will have to start reporting PAYE information to HM Revenue & Customs in Real Time Information (RTI).This means all employers must set up payroll records for the new tax year using payroll software. If an employer fail to report payroll information to HMRC electronically by due date there will be an automatic penalty may be payable. Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. As you know that payroll 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.

Smith King & Co. will take care of this compliance reporting on your behalf and advise the HMRC on timely manner. We offer a comprehensive package for small and medium sized companies. Payroll functions such as:


  • Producing monthly and weekly customised payslips
  • Arrange these payslips to employer or employees directly
  • Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
  • P45/P46 reporting compliance to the HMRC on behalf of client (Processing new starters and leavers online)
  • Liaison with your PAYE Tax office
  • Summaries and analyses of staff costs with budgets
  • Attending PAYE visits by the HM Revenue and Customs
  • End of year returns (P35, P14, P60) and online submission to the HMRC
  • Administration of incentive schemes, bonuses, and ex-gratia, termination payments pension schemes and tax benefits



Even if you have only a few employees, you will make savings by engaging us to administer your payroll. Please contact us today to discuss how we can help you save you time and money with your payroll administration and compliance.


Taxation and returns :

This is one of our specialties in helping our clients, whether directors and businesses or sole traders. We aim to guide our clients in an efficient and cost-effective manner through the complex laws of taxation so that our clients can ensure total compliance with the tax authorities.

Smith King & Co. are able to provide services to prepare Personal Tax Returns, Corporation Tax Returns for Companies, Trusts, Partnerships as required. Smith King & Co. constant up-to-date training in changes to taxation legislation to ensure we can provide these services to you with the knowledge that the returns are prepared to the upmost standards of the UK tax laws.

If you're looking for a friendly, efficient tax return accountant, Smith King & Co. is ready to help you. We offer the following taxation services:


  • Self assessment tax returns for individuals and partnership firms
  • PAYE and National Insurance compliance including CIS tax
  • Capital gains tax
  • Corporation tax returns for companies
  • Inheritance tax
  • HM Revenue and Customs enquiries and investigations
  • Tax planning including Legal tax minimisation planning
  • Advice on the most suitable business structure for your situation


Our aim is to get your tax return completed accurately and on time and submission online to the HMRC on your behalf. We always ensure that you pay only the tax you owe.


Company Secretarial :

We assist our clients with Company Secretarial duties including company formation, preparing and filing statutory returns and providing general advice on company law. As always business owner is to use up valuable time and resources making sure that they are complying with Companies Act.

Smith King & Co can give you complete peace of mind in below areas of company secretarial duties for you. Our services include:


  • Company formations-our company formation service is fast and accurate
  • Preparation and filing of statutory returns
  • Maintain your company registers and help you to prepare your minutes and resolutions
  • Maintenance of statutory books
  • General advice on company law matters
  • Issue of further shares
  • Act as your registered office address for your company- We do not charge for this
  • Keep you up to date with changes to directors' responsibilities.


Management & Financial Advice :

Smith King & Co can offer vital knowledge on financial management of business affairs by generating management reports to improve cash flows and overall potential profits for the firm.


Financial Performance Review :

We will give you valuable feedback by monitoring the financial performance of your business through detailed reports and advise you on how to improve areas of your business.