Accountants in Oxford
Accountants in Oxford
Accountants In Oxford
The University of Oxford alone contributes around £15.7 billion to the UK economy and supports more than 28,000 full-time jobs.
The Economic Impact of the University of Oxford:
1. The University’s research and knowledge transfer activities (£7.9 billion)
2. The value of the University’s teaching and learning activities (£422 million)
3. The impact of the University’s educational exports (£732 million)
4. The impacts generated by the University’s contribution to tourism (£611 million)
The report found that every £1 invested in University of Oxford research and knowledge exchange activities generated £10.30 to the wider UK economy.
Lanop’s chartered accountants support small to medium businesses and individuals with a wide range of accounting services in Oxford.
Role Of Accountants in Business
Accounting is the art of recording and reporting on financial transactions. Accountants are concerned with tracking and reporting the financial transactions of a business. They are responsible for managing general ledger, cash flow management, collections, recognizing revenue, analysing profitability, reporting earnings, managing debt, and paying taxes of course. Financial services firms need to fill roles like financial reporting accountants, auditors, bookkeepers, accounts receivable clerks, accounts payable clerks, controllers, treasurers, and tax accountants. Typically, the entire accounting organization will report to a Chief Financial Officer as well.
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Lanop's Accounting Services
At Lanop we provide our Oxford-based clients with a wide selection of services. These include traditional accountancy services such as accounts preparation, bookkeeping, and taxation advice amongst various other specially tailored services.
Small Business Accountants in Oxford
We are trained and registered accountants, ideal for small businesses looking to grow. If you own a small business and need to become tax efficient, give us a call right now. Our Oxford accountants offer a wide range of experience and expertise in small business accounting, regardless of industry and sector.
Small businesses need to remain on top of their finances all the time. This includes invoicing, expenses, and yearly accounts. Dealing with HRMC can also be time consuming and complicated. Fortunately, Lanop takes care of all the small business accounting tasks one can think of.
Value Added Tax (VAT) Registration & Returns
In the UK, VAT (Value-Added Tax) is a complex and difficult tax to calculate because it is updated regularly according to new rules and procedures. You can rely on our VAT experts to assist you with your registration and filing of VAT.
Whether you are an individual or a business owner, you must pay Value Added Tax on every purchase of goods and services. VAT on goods and services is normally charged at 20% in the UK. However, it can also be as low as 5% on some products and 0% on health, construction, and children’s products.
If your UK-based business has revenues exceeding £85000 a year, Lanop can help you with choosing the ‘right’ VAT plan along with VAT registration and filing. We strive to provide our clients with the most practical and appropriate VAT schemes, timely registration, and a well-calculated tax return in order to minimize tax pay-outs and offer them peace of mind about tax obligations.
MTD Compatible Online Accounting (XERO)
MTD Compatible Online Accounting through software like XERO allows you to access your accounts, anywhere, at any time. It is secure and simple to streamline accounting across multiple devices – whether you are at work, at home or on the road.
Bookkeeping Services in Oxford
With Lanop’s team of skilled bookkeepers, you can focus entirely on building your business by letting us handle all tedious record keeping of income, expenditure, bank reconciliations, VAT and PAYE on a state-of-the-art cloud-based software, coupled with smart technology applications.
Keeping records of a company’s financial transactions on a regular basis is called bookkeeping. The ability to track all information in financial books allows an organisation to make crucial operational, investment, and financial decisions. It’s incredibly important to keep a record of all the income and expenditure of a business. This will make the process of paying and dealing with taxes much smoother. Make sure that you keep all your receipts and invoices, so you are prepared when the self-assessment deadline comes around.
Multiple financial and non-financial risks can be avoided with accurate bookkeeping and maintaining up to date records. Your business’s success depends on your ability to keep track of cash inflows and outflows, income, expenditures, and taxes on a monthly basis.
To make life easier and business more productive, Lanop has a specialized bookkeeping department with efficient recordkeepers that manage all your data on accounting software, such as XERO so that you can access all your work-related files from anywhere, at any time.
Your daily transactions, VAT, and PAYE will be carefully recorded by our highly qualified and experienced bookkeepers. The accounting and bookkeeping services we provide our clients are as diverse as possible, and we strive diligently to achieve this goal.
Accountants for the Self Employed/Sole Traders in Oxford
You’re self-employed if you run your own business, hire people, provide the equipment they need to work, charge for services, and sell goods or services for profit. A self-employed person is not a limited company. If you’re unsure or need further information, please consult our article on Sole Trader.
If you are self-employed, you are responsible for notifying HMRC of your earnings and paying all appropriate taxes. In order to do this correctly, you must keep records of: Your invoices. Your expenses. Your profit. You must fill out regular tax returns – or have an accountant file it for you.
Accountants for Limited Companies in Oxford
As a Limited Company, it is important to remain tax efficient, whilst fulfilling various legal responsibilities. Full compliance protects a company against fees and penalties. Lanop ensures that you fully comply with UK regulations while remaining tax-efficient by supporting limited companies with a wide range of services including accounting, bookkeeping, financial guidance, tax preparation, and HMRC investigations/inquiries.
To prevent penalties and fines, it is critical for a limited company to fully comply with HMRC and Companies House regulation.
Lanop comes in when company directors don’t have enough hours in the day. We take up the onerous and frustratingly time-consuming task of overlooking all limited company accounting and taxation issues. Our efficiency and expertise are unmatched when it comes to Limited company Finance and Accounting.
Give us a call at Lanop to save time and money while having the peace of mind that professionals have your back.
Accountants for Contractors in Oxford
At Lanop we understand that contractors have specialized accounting requirements. Our wealth of experience allows us to offer a bespoke service that meets unique needs. Contractors are subject to many of the same regulations as other business. As a contractor you need assistance with VAT, PAYE, expenses, dividends, IR35 advice and various tax filing and record keeping tasks.
Accountants for Landlords in Oxford
Being a landlord is an incredibly rewarding endeavor. However, it can be time-consuming and stressful when arranging accounts and taxation affairs. If you have the personal rental income you are required to register for self-assessment and file annual tax returns. If you have a property portfolio it is similar to running a Limited Company and might be a more tax-efficient structure for you rather than owning properties personally. Landlords need help managing various rental accounts, filing expenses, and completing tax returns along with registrations with various government departments.
Statutory Compliance in Oxford
Our chartered accountants will take care of all your HMRC compliance needs. Preparing and filing with relevant government departments (whether it is HMRC VAT, Payroll, corporation tax or income tax department). Companies House is also kept up to date with legalities and compliances relevant to your business.
As a business owner, you and your business are required by law to adhere to certain statutes. These statutes are regulated by Her Majesty’s Revenue & Customs (HMRC). To run a compliant business, you need to fulfil all its statutory requirements.
Statutory Compliance is a blanket term that describes your business’s requirements to file:
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Tax Planning Experts in Oxford
In addition to helping regulate your tax payments, Lanop’s team of experienced chartered accountants and tax consultants will help you avoid unexpected fines from HMRC by planning your taxes in advance, whether it’s personal or commercial. Employing a highly customized approach, we provide successful solutions to diverse and complicated tax problems of clients across the UK. We give personalized tax advice based on each client’s unique tax status. Our team of professional tax planners conduct a comprehensive and thorough study of your specific tax situation and, after careful evaluation, recommend the best-tailored tax schemes for you to choose from in order to reduce tax liabilities.
HMRC Investigations in Oxford
All types of tax investigations are handled at Lanop. Our expert chartered accountants offer competent advice on subjects such as COP 8 (Tax Avoidance), COP 9 (Suspected Serious Fraud), HMRC Nudge Letter, Disclosure Facilities, fraud, VAT, and PAYE investigations.
We realize how essential it is to manage HMRC investigation issues calmly and to go through the entire procedure of submitting a reply on time, along with all required documents, when HMRC initiates a tax investigation on a person or corporation. Due to the rising frequency of HMRC tax investigations putting businesses in danger, we have devised an exclusive consultation to assist you through these serious inquiries that are becoming increasingly common.
By identifying industry-specific reliefs, simplifying your tax payments, and minimizing fines, our team of tax professionals can support you with HMRC investigations by using their expertise and practical approach.
Lanop ensures that all assessment and penalty issues are effectively addressed by completing all compliance checks pertaining to income tax, corporate tax, self-assessment, PAYE, National Insurance, IR35, VAT, and National Minimum Wage.
Why choose Lanop accountants in Oxford?
Lanop is well-connected in the marketplace, and we are up to date on the latest industry norms and regulations. We deal with a wide range of logistics and distribution companies, including start-ups, SMEs, family businesses, etc. Our skilled chartered accountants make sure you obtain all your accounting services in the most convenient and practical manner, all under one roof. Our decades long experience with businesses make us the perfect choice for you.
We’re approachable– we understand that accounting can be intimidating and daunting, but our friendly team is always on hand to offer advice and peace of mind. We’re experienced – with many years of general practice experience, there’s no query we can’t handle. We’re cost effective – not only can we save you money, but we believe in offering excellent services at the best price in town. If you’re concerned about responsibilities as a businessman, we advise you on what you need to do next.
Our specialized advice on rental income and capital gains tax statements, as well as assistance in anticipating optimum investment opportunities through meticulous business structure analysis, is the best deal in town. Lanop ensures deadlines are met, and penalties are avoided by preventing delays in submission and preparation of tax statements for individuals and businesses owing and submitting taxes.
Why should you choose us?
Professional & Client Centric
No Surprise Costs
In-house Team of Experts