Services

For over 40 years, we have consistently dedicated ourselves to supporting businesses and individuals across diverse industries.

 

FOR BUSINESSES

  1. Accountancy Services

Our accountancy services are a complete set of services a business will require throughout a tax period, ensuring financial accuracy and peace of mind.

These services include:

  • Bookkeeping (in-house or outsourced)
  • VAT services
  • Corporation tax and Annual Accounts
  • Management Reports
  • Payroll
  • Tax Advisory

In-house Accounting department

Depending on your company’s size and volume, you may require us to set up an in-house accounting department and manage it with our experience and expertise. We will set the workflow and run the department for you. We will have regular meetings to discuss your company’s financials through shared management reports.

This may be needed if your operation needs day-to-day recording and bookkeeping.

Outsource Accounting

If your company’s size and volume do not require day-to-day recording and bookkeeping, you can benefit from our outsourced accounting services in peace of mind.

By outsourcing these responsibilities, companies can focus more on their core operations, reduce costs, and gain access to advanced accounting technologies and methodologies. Many of our clients prefer outsourced accounting and benefit from the advantages of working with experts.

  1. Bookkeeping

All businesses have many transactions, such as incoming expense bills, receipts, sales invoices, bank transactions, pay runs, expense claims, etc. All these documents must be accurately recorded, categorised, and maintained so companies can have correct financial statements to submit their tax returns.

With our expert teammates and the right tools we have, you can rest assured that all those transactions are recorded correctly and on time.

As SRM, we use digital software solutions to maintain our cloud-based bookkeeping service.

XERO (Silver-Partner & Advisor)

HUBDOC

  1. VAT services

Value-added tax (VAT) is a very wide and detailed topic that requires specific expertise. SRM can guide you through VAT planning and structuring to optimise tax efficiency and handle communication with tax authorities on any related issues. This will help your business avoid non-compliance risks and ensure we effectively optimise your VAT position.

Our VAT services include:

  • Registering for VAT
  • Preparing and submitting VAT returns
  • Import VAT and Postponed VAT accounting
  • VAT repayments
  • VAT reverse charge
  • Making Tax Digital (MTD) requirements
  • Option to VAT guidance
  1. Corporation Tax & Annual Accounts

All the businesses in the UK must file CT600 Returns to HMRC and Companies House for the year-end figures.

SRM will assist you in preparing and filing corporation tax returns, advising on tax planning strategies to minimise tax liabilities, dealing with HMRC on behalf of the company, and ensuring compliance with relevant tax laws and regulations.

Our Annual Accounts service involves preparing and filing statutory annual accounts in accordance with UK accounting standards, providing analysis of the company’s financial performance and position, and, as always, ensuring compliance with reporting requirements set by Companies House.

  • Corporation tax computations and CT600 filing
  • Statutory Annual Accounts submission
  • Research and Development tax relief claims
  • Tax planning and advisory
  1. International tax

Thanks to our offices in different jurisdictions, SRM has deep knowledge of international taxation and double tax treaties between countries. Every country may have different regulations and restrictions for Subsidiaries. We help you understand and adhere to local tax laws and share key areas on parent or group company transactions.

By utilising these international tax services, subsidiaries can effectively manage their tax obligations, reduce their tax burden, and align their financial practices with the parent company’s overall objectives, ensuring seamless integration within the global corporate structure.

Our international tax guidance covers the following:

  • Subsidiary accounting and taxation
  • Withholding tax in cross-border payments
  • Transfer pricing, intercompany transactions
  1. Payroll services

Payroll tax and calculations can sometimes be complex and require good software and expert knowledge. SRM will handle all payroll-related tasks to ensure that employees are paid accurately and on time while fully complying with statutory requirements.

Confidentiality when sharing payslips with employees is essential and must comply with the General Data Protection Regulation (GDPR) to ensure that personal data is handled securely and privately. To achieve this, at SRM, we utilise XERO payroll solutions, which offer cutting-edge technology integrated with cloud-based systems.

The scope of our payroll services is as follows:

  • Preparing payrolls for salary payments,
  • Submitting PAYE-related declarations to the tax office
  • Providing payslips, P45 and P60 forms for employees
  • Calculating deductions, additional payments, student loans, etc.
  • Workplace pension auto-enrolments, contributions and submissions
  1. Company Secretary  

Our company secretarial service includes a range of administrative obligations that all businesses must maintain to comply with local statutory regulations.

These services may vary on your company’s needs, but generally:

  • Company formation
  • Registered office address service
  • Annual confirmation statement submissions
  • Share allotments
  • Filing basic company house changes
  • Apostille services (international documents to be legalised)
  • Ordering: Certificate of Good Standing, Certificate of UK tax residency documents.

FOR INDIVIDUALS

  1. Self-Assessment

As SRM, we provide comprehensive assistance to help taxpayers meet their tax obligations efficiently and accurately. Our Self-Assessment services include:

  • Tax Return Preparation: We assist individuals in preparing and filing their Self-Assessment tax returns, ensuring all income, expenses, and reliefs are correctly reported in compliance with HMRC regulations.
  • Tax Planning: Our expert accountants offer personalised tax planning advice to maximise tax efficiency, identify available deductions and reliefs, and optimise tax liabilities within the legal framework.
  • Deadline Management: We help clients meet important tax deadlines and ensure timely submission of Self-Assessment tax returns to avoid penalties and interest charges.
  • Income Source Analysis: Our professionals analyse and categorize various income sources, including self-employment income, rental income, investments, pensions, and more, to ensure accurate reporting on tax returns.
  • HMRC Correspondence: We handle all communications with HMRC on behalf of our clients, including responding to inquiries, resolving issues, and representing clients in case of tax audits or investigations.

Our goal is to provide reliable, tailored, and proactive support to individuals in managing their tax affairs, minimising tax liabilities, and maintaining compliance with tax regulations. Partner with us for expert guidance and peace of mind in your Self-Assessment tax obligations.

  1. Foreign Income

If you have any personal income in another country, you may be obliged to declare this on your self-assessment tax return. This will also depend on your domicile and non-domicile position in the UK.

SRM will assist you with your overseas income and how to include it in your tax return under tax regulations and private circumstances you may have.

  • Rental income from overseas
  • Dividend payments received from an overseas company
  • Capital gains
  • Salary payments from overseas entities.
  • Gifts received from parents and family members.
  • Domicile and non-domicile tax issues