Bookkeeping & Management Accounts

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To relieve what is often thought of as a burden to any business, Sopher + Co has the expertise and ability for you to outsource all your bookkeeping so you can focus solely on the running of the business. Our qualified staff can produce accounting records for any size of business, from sole traders to general and limited liability partnerships and limited companies, ensuring compliance with mandatory regulations.

We also specialise in producing regular management accounts, both monthly and quarterly, to help you make important decisions about our business, not only identifying any weaknesses or potential problems at an early stage, but also facilitating future tax planning, which can result in reduced tax liabilities.

 

CLOUD ACCOUNTING

Sopher + Co are proud to be a gold partner of Xero.

We also understand that technology development doesn’t stand still and we are continually looking at new and different systems that may be better suited to our client’s needs.

If you need assistance in converting your data from Sage Line 50 to Xero, the team is affluent with this process. The team are also knowledgeable on Quickbooks Online.

Alternatively, we can take full responsibility for all your bookkeeping and accounting needs so that you are free to concentrate your efforts on more important matters.

 

MAKING TAX DIGITAL 

Making Tax Digital is the Government’s plan to modernise and digitalise the UK tax system. Ultimately, this will have significant implications for both businesses and individuals.

The initial stage of Making Tax Digital will impose new VAT obligations from 1 April 2019. This means that all VAT-registered businesses above the £85k threshold will need to keep digital records and submit VAT returns using compatible software such as Xero.

Further changes are expected to follow in late 2019/ early 2020, including the obligation to submit quarterly digital information for income tax and corporation tax purposes.

 

 

Business Consultancy

Positive Change Management

At some point every business needs to deal with change – and very often, an in-depth planning process and securing new finance are unavoidable. At Sopher + Co, you’ll find the advice and expertise you need to achieve a positive outcome.

Management Accounting Services

Effective decision-making requires more information than ever before, including financial data, key performance indicators (KPIs), ratios and qualitative reports.

Inward Investment Services

If you are establishing your overseas business within the UK, there is no need to start with an expensive infrastructure. From the very beginning we can offer you assistance with:

  • Advice on the choice between a representative office, a branch or a limited company (each option has significant tax and accounting implications).
  • Advice on choosing the right accounting package for your needs.
  • Efficient tax planning for remuneration packages of relocated executives.
  • VAT registration assistance for the UK entity.
  • A full range of back office services: from bank account operation and maintaining all ledgers to reviewing monthly management information.
  • Accounting for international currency transactions.
  • Preparing statutory accounts in various currencies and preparation of a year-end file for audit.
  • Advice and help with transfer pricing arrangements.

Our tax division not only deals with compliance work, but also provides an entrepreneurial and commercially minded approach that allows our clients to get to the heart of business issues.

We can help you plan your personal and business taxation affairs, advise on capital gains tax, inheritance tax planning, proposed investments and planning for retirement.

Whatever your needs, you can be sure that you are in the hands of experts.