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Services

Tax
As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.
Corporation tax services
Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments due.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
Payroll
Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. With the implementation of Real Time Information, HMRC require information generally on or before the date of payment to the employee. We can help by operating payroll software on your behalf. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We are able to provide the complete service, including full pension administration and liaison with your pension provider whatever the size or complexity of your business.
Bookkeeping
We can help you with all your general bookkeeping requirements. Maybe you need help to add the finishing touches to the information in order to create your own management information. If you do not employ a bookkeeper then we can take up the role on your behalf
VAT and HMRC
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process.

We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, 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 HMRC

  • Negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

Management Accounts,  Reporting, Planning and Forecasting
Obtaining regular reliable management information is vital to the continued success of any business. Let us work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.

If you are a business owner needing better insight our reports will give you a clearer picture of the financial performance of your business. We will report on your financial performance and cash position and can include executive summaries to discuss highlights and recommendations.

Businesses need to set and measure
Key Performance Indicators (KPIs) and non-financials if they want to succeed. Our reports have a range of KPIs and non-financial metrics in-built with the ability to customise KPIs that are most relevant to your organisation. Create focus and debate with clever KPIs.

Performance dashboards are a commonly used management tool to gauge performance and progress toward business goals. Our fully customisable dashboards can be tailored to monitor performance against the key objectives of your business.
Every business should plan ahead to ensure success, but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.
 
Business Startups
At OneFinancial we are experts in advising start-ups. We work with many new businesses, particular in the burgeoning tech sector.d
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Most however are not experts in the legal and financial aspects of establishing and running a business and such matters can appear daunting.
Fortunately, you do not need to be an expert in these fields to succeed in business, but you do need the support of a team of trained experts to support you
That’s where OneFinancial comes in.
We will help you to:
  • Decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company
  • Prepare a business plan, cashflow projections, budgets, and trading forecasts
  • Assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals
  • Establish a good working relationship with your bank
  • Complete any registration procedures with Companies House and HMRC
  • Deal with company secretarial issues
  • Set-up a recording system for your internal use and for complying with statutory requirements
  • Decide on what computer software to use and help with the installation of accountancy software
  • Keep on top of bookkeeping, VAT, payroll and other accounting requirements
  • Help with all aspects of business compliance and administration
Employee Share Option Schemes
At OneFinancial we take a consultative approach to building share options schemes and finding out precisely what our clients are looking to achieve. This approach helps us to deliver a professional and effective service, helping clients meet their goals and plan for the future.

 
Enterprise Management Incentive

An Enterprise Management Incentive (“EMI”) scheme is an approved employee share scheme that is available to most trading companies, allowing employers to grant share options to key employee's tax efficiently, as a reward for their efforts within the business and/or to retain and incentivise key staff.
 

What is the Enterprise Management Incentive Scheme

As a share option plan, the EMI offers selected employees the opportunity to purchase shares at a specified time and price agreed at the time the options are granted.

Individual performance and retention conditions can be built in, helping to ensure rewards are only distributed when key corporate objectives have been met.

Any full-time employee of a qualifying company may be granted tax-advantaged share options over shares with a market value of up to £250,000 at the time of the grant, subject to an overall company limit of £3 million. The shares must be in an independent trading company that has gross assets of no more than £30 million and with fewer than 250 employees.

To obtain a more comprehensive understanding of the qualifying criteria and how the scheme can have a positive impact on your business, book a free consultation with a member of our team

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Benefits of the Enterprise Management Incentive 
The “EMI” is one of the most flexible and tax advantaged share schemes currently available in the UK, offering a potential tax rate of as low as 10% on any gains.
Benefits to companies and employees are many-fold – an EMI can -
  • Motivate participants to work beyond short-term goals
  • Reward participants on a tax-advantaged basis
  • Protect current shareholders from immediate dilution and loss of control
  • Promote long-term retention of key employees
  • Encourage growth by linking awards to performance conditions
  • Provide a framework to include new participants, if required
  • Attract top candidates to companies
  • Minimise risk for participants
Who is eligible to join an EMI Scheme?
To join an EMI scheme, the employees must:
  • Work for you for at least 25 hours a week or 75% of their working time (therefore, a part-time employee can qualify so long as they don’t spend more than 25% of their time working elsewhere).
  • Not hold any more than 30% of the company
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