Is your book-keeping and accounting taking you away from your core focus of growing your business?

It is likely you went into business for yourself to maintain control – to set your own working hours, determine your own finances.  As you grow, though, the admin takes over, and if you can’t delegate then you’ll be left feeling stressed and anxious.

Start the journey to less hassle by delegating to an expert in company accounting.  Don’t think of a good accountant as a luxury you can’t afford, or something only the big businesses get access to.

Consider it this way: you could try and spend days on end trying to handle your own taxes and accounting.  In doing so you have to forego those days’ worth of doing what matters which is earning fees from your clients.  Let’s not even mention the errors that can creep in when you’re multitasking like most company owners.  Is it worth the risk?

What can Amergin help with?

• • helping you to maximise your profits
  • advising on company formation
  • preparing statutory / annual accounts
  • preparing and filing quarterly VAT returns
  • preparing and filing corporation tax returns
  • helping you to tax efficiently extract cash from your business
  • filing the personal tax returns of the company’s directors
  • helping you prepare a personal financial plan to grow your wealth.

As a leader of a growing business, you are faced with multiple challenges.  Everything from how to manage the day-to-day operations, to what the long-term strategy should be.  All while working hard to ensure that you are profitable.  Our accountants work with you to make better decisions for your business. 

Our team is that key member that helps you better understand the financial side of the business.  From analysing costs to optimising financial processes, we help businesses retain control of their bottom line.

Proper accounting practices allow companies to increase revenue and manage expenses, as well as ensure that clients do not forfeit potential tax savings when tax season rolls around.

Small business tax returns can be confusing to navigate, and it is also important to avoid missing any deadlines that can result in penalties and fines.  There are also many tax credits and deductions that companies can receive, and a professional accountant with the technical competency and expertise will help businesses respond to those opportunities. 

As a Construction Industry Scheme (CIS) contractor, you want to be in control of your income and be ready to take on the next project without the hassle of accountancy getting in the way.  At Amergin, we work with principal and sub-contractors to ensure their Relevant Contract Tax (RCT) is compliant and maintained at the zero tax rate.

We offer a simple to use online facility with our Online Accounts package to keep you abreast of your invoicing and allow book-keeping to be an integral part of your business.

If you are new to contract work, then we can set up the following for you:

• • Set up your Limited Company
  • Register you with Revenue
  • Help you set up a business bank account
  • Register for Value Added Tax (VAT)
  • Help manage your tax filing and be fully compliant in order to exit the new business 3-year RCT period and be on a 0% RCT rate
  • Set up your payroll arrangements for monthly payments
  • Provide you with the best tax saving structure possible

If you receive rental income, then you must submit a tax return.

If you rent out a property, you will pay income tax on the difference between the rents you have charged in a tax year, less any allowable expenses and charges.  We can help you to make sure that you are claiming all of the expenses and reliefs to which you are entitled.

Knowing what maintenance and repairs can be deducted can be tricky because there are several different methods that can be used depending on your circumstances.  We can discuss your options with you and make sure that you make the right choice; to optimise your tax position and fit your needs.

We can also make sure that you are claiming all the finance costs for any loans or mortgages you have on your properties as, again, this can be a complicated area and taxpayers can miss out on valuable tax relief.