Accounting Annual accounts are necessary to ensure that your business remains compliant with regulatory requirements and the tax authorities.  AvicennaTax is here to help.

We prepare Statutory Accounts for filing at Companies House as well as accounts for Sole Traders and Partnerships.  However we can also take your business to the next level as we believe that the provision of management information is key to your success.

So, why not take advantage of our FREE online accounting software “E-Accounts” to monitor your business performance and make your business run smoothly.  Our web based Bookkeeping package allows you to produce invoices, record expenses, monitor debtors and creditors, prepare VAT returns and reconcile bank accounts.  It is a simple but smart solution for small and medium sized businesses giving you  the edge to stay ahead.

We also provide a Management Accounts package where we provide monthly or quarterly management accounts incorporating kpi’s, budgets vs actuals, profit and loss projections and cash forecasts with detailed commentary.  These tools and our expertise will give your business the competitive advantage as you can make more informed decisions.

Audit As the exemptions to statutory audits have increased and fewer entrepreneurial companies fall within its remit, at AvicennaTax we offer a new Added Value Audit.

Welcome to the world of risk mapping, performance reviews and best practice benchmarking.  Let AvicennaTax “Audit” your business and tell you where you are, where you should be and how we’re going to get you there!!

We also offer Internal Reviews, Operational Analysis, PAYE/NIC and VAT Audits.  These give us a chance to review financial and management systems up close, and identify potential problems and opportunities to be seized  to take your business forward.

We also provide Statutory Audit services which can be provided on request.

Company Secretarial You are in business because you have a good business proposition and the enterprise and commitment to see it through.

Let AvicennaTax carry out all Company Secretarial functions for you, so you can spend your time doing what you do best.

Bring Avicenna your business ideas and we will help turn them into reality and at the same time ensure that you comply with ever evolving company legislation.

AvicennaTax can help with company formations, company searches, preparation and filing of statutory returns, preparation of all documentation including minutes, resolutions and dividends, maintenance of statutory books and general company law advice.

Self Assessment Completing a tax return can be a scary prospect even if you have only a handful of entries to make.

It can be time consuming, confusing and costly if deadlines are missed, incorrect returns are delivered or appropriate records are not retained or presented.

At AvicennaTax, we can prepare your Self Assessment Tax Return and Supplementary pages including income from self employment, interest income, share dividends, rental property income, capital gains tax and inheritance tax.   We will complete all necessary tax computations, calculate your tax liability and advice you when and how much tax you need to pay.

We also provide Tax Planning assistance if you need it.

Corporation Taxes Operating your  business as a Limited Company whilst attractive is subject to Corporation Tax, Corporation Tax still represents a substantial part of a company’s trading costs.

Moreover, the increased reporting obligations, robust investigation policies by the tax authorities, and harsh penalties for non-compliance mean that an undue amount of entrepreneurial time and resources is now taken up in the administration and collection of revenue on the behalf of the Government.

At AvicennaTax, we recognise that Corporation Tax is not a question of filling in boxes.  Instead as businesses grow, it becomes even more critical that your profits are realised as tax efficiently as possible.

We offer additional services to help you minimise and effectively plan your Corporate Tax exposure and relieve you of the administrative burden of complying with tax legislation.

VAT VAT is a minefield and compliance, an administrative nightmare.

Businesses on a regular basis inadvertently under or overpay VAT and potentially suffer the penalties as a result.

At AvicennaTax, we provide a VAT Service second to none, including:

Advice on whether to register for VAT, VAT registration, Most beneficial VAT Scheme, Preparation and submission of VAT returns to HM Revenue & Customs (HMRC), Intrastat and EC sales reporting, VAT planning and advice in connection with complex transactions, Liaison with HMRC in connection with compliance visits and disputes, De-registration process

Payroll How about some joined up thinking?  Why not outsource the business activities that consume your valuable time, to experts at AvicennaTax?  The results can be dramatic.

AvicennaTax Payroll Service is tailored to your needs. Services include:

PAYE registration, Maintenance of payroll records, Monthly or weekly security sealed payslips or ePayslips, Bonus, commission and overtime payments, Pension and court order deductions and payments, Administration of child care vouchers, Complying with maternity and sickness regulations, Answering employee queries, End of year returns, All administration matters including liaison with HMRC

Start Ups New businesses are the lifeblood of the economy providing the employment of tomorrow.

AvicennaTax takes every opportunity to encourage and assist the successful start up of new businesses with a range of support services to signpost possible pitfalls and engender good practice.

These services include:

Advice on business structure, Help on formally registering a business, Assistance with forecasts and business plans, help with obtaining bank accounts, Help in obtaining finance, Advice on maintaining accounting records, Assistance with Self Assessment returns, Registering for VAT, Advice on employing staff and Tax planning advice

Come and see us today and see what we can do for you.

Medical Professionals Healthcare Professionals need to rely on their financial advisers for sound accounting and taxation services as well as specialist advice.

At AvicennaTax we are experienced in providing specialist accounting and taxation services together with business and financial advice to:

GPs, Opticians, Dentists, Pharmacists

Our knowledge and experience in healthcare finance means that we understand the special requirements of the medical professions and are well qualified to guide you through all the issues affecting your business.

Get a check up from us today.

Business Health Check AvicennaTax offers a Business Health Check Service for your business.

The Business Health Check is a quick and easy way to uncover the strengths and weaknesses of your business and identify the next steps to move you forward.

Our under the bonnet Health Check Audit will expose the core issues affecting your business and ensure that any proposed solutions provide the best value for money and maximum benefit.

The Business Health Check incorporates a review of:

Financial & Accounting issues, Company Culture, Structure, Internal Communication, Manufacturing process, Internal processes, Employees, Competitors, Technology, New Products/processes, Suppliers, Customers, H&S and the Environment

Business Consultancy Consultants?  Thinking outside the box or stick them in a box?

Seeing the big picture is a key to any business.  Entrepreneurs can find themselves immersed into the day to day tasks of running a business which does not allow the time to develop the business and help it grow.

The Avicenna Consultancy Service can review your credit and stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help address specific problem areas such as gross profit, cost control, stock valuation, SOX compliance and business strategy development.  Let us do the blue sky thinking for you.

Why not get things moving?  Come to us with your questions and we can help you find the answers.

Outsourced Finance Director Employing a full time Finance Directors maybe an expense too far for your business, so why not outsource the function to us?

We offer a bespoke service, providing high-level financial expertise that you may not already have in-house.

Bringing AvicennaTax onboard will help free up your time whilst giving you access to experienced professionals who can do as much or as little as you would like.

We can help with

Overseeing the accounting and developing meaningful management reports, Analysing performance, Monitoring cash requirements and helping to optimise cash flow, Preparing budgets & forecasts, Improving accounting systems and controls, Business strategy and business planning, Sourcing new finance and Mentoring staff to help develop their skill

IT Solutions No business can grow without robust IT systems - the larger the enterprise, the more vital and important this resource becomes.

At AvicennaTax we develop and build creative data solutions by taking advantage of the flexibility of Microsoft Excel, Microsoft Access and Visual Basic to meet the everyday financial information requirements of businesses.  We can create new databases, simulation models, data aggregation tools; the list is endless.  If you can describe your requirements we can build a solution around them. 

If on the other hand you would like an off the shelf accounting package, a bespoke stock control system or advice on computerised payroll, we can offer impartial advice on all the latest solutions.