www.progages.co.uk/blog

Progages can offer help and advice in:

Preparation of accounts

• To help you keep track of your business

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• You don’t worry about your paper work, you concentrate on your business, we handle all your paperwork

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Limited company accounts

• To help you comply with the relevant laws

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• To help maintain your statutory book

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• Advice on corporation tax

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• Tax Planning 

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Assistance with taxation matter and tax returns

• To help determine your tax liability

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• To help you understand the Revenue regulations

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• To help you get the best from your allowances

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• To calculate your liabilities

• To help with Self-Assessment

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We can provide help with:

• Bookkeeping services, payroll, VAT returns

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• Business projections and cash flow forecasts

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www.ProGages.co.uk

Mudassar Iqbal

07870584425 

We are a family run firm of professionally qualified accountants and business consultants based in Lancashire in the North West of England and within easy reach of Preston, Accrington, Blackburn, Burnley, Nelson, Bolton and the surrounding areas.

We provide a comprehensive range of tailor made services to all our clients, so whether you are a start-up, early years or established business we will always treat you as an individual and not a number.

We also advise and support clients throughout the country, something that is made easier with our online solutions provided by us.

Contact

Mudassar Iqbal

07870584425

www.progages.co.uk

VAT

For the registration of VAT, your turnover exceeds a certain threshold £61,000 per annum as of April 2006. However you can voluntarily register if your turnover is below this threshold. This then allows you to recover the VAT which you have been charged on company expenses. For many businesses, registration quite simply means tax saved for you, but many people don’t bother to register to avoid all the paperwork.

We take all the hassle out of you, and we can offload all the hastle of managing your financial records. We calculate the tax due on your invoices, track the VAT owing to Customs and Excise on your web site, and complete your quarterly VAT return for you. All you have to do is receive payment or write a cheque for the difference between the VAT your company has paid and the VAT it has collected.

We can review the effects of registration on your company and, if appropriate, handle the registration and resulting paperwork for you - it’s hassle free, and could save you a lot of money.

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Mudassar Iqbal

07870584425

Our Services

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Reasons to use our Accounting

Your conventional accountant is expensive and slow. We save you money and time.

Contact

Mudassar Iqbal

07870584425

www.progages.co.uk

www.accountaxation.com

People planning on starting their own businesses need to be aware that some of the decisions they make right from the start will have important implications for the tax they will later have to pay.

Website allmediascotland.com said that many people did not realise some of their tax liability was determined by the way they set up their own company.

It explained that the “tax implications” are different for sole traders, partnerships and limited companies, making the services of an accountant important from the start.

“Once you have decided on your legal status, you will need to register your venture with HMRC. If you intend to employ staff, you will also [be] required to register for a PAYE/NI reference to allow you to deal with the tax on your employees’ salaries,” the site added.

What’s more, the website said that some people might also have to “apply for a VAT registration number”.

“It is important to keep accurate and detailed records of your business transactions. You may decide to employ the services of a bookkeeper,” it concluded.

Recently, business reporter Karen Dent explained in the Journal that many small businesses did not full understand the tax exemptions and reliefs they were entitled to, suggesting many could benefit from consulting with an accountant.