Accountancy and Tax
Having your accounts done is one thing, understanding
them is another!
At Norsta – we make complex simple by cutting through
complexity and minimising jargon.
We take the time to understand your business, build
strong relationships, and provide financial clarity with
precision and reliability.
Understand your business
At Norsta we promote regular client contact either face to face or through Zoom meetings to discuss completed accounts so our clients gain a growing awareness and understanding of their numbers.
Annual accounts, required by law to be completed, report on the financial activity of a company during its financial year.
We ensure that they are completed to the best possible standard and are submitted on time to ensure no penalty charge is issued.
We do not only offer annual accounts service, but also highly recommend regular management accounts.
- Peace of mind, full compliance
- Regular management accounts
- Back-up support when you need it
How do management accounts help?
- Planning - Plan ahead with confidence that you are up to date with the true financial position of your business.
- Controlling - Plan ahead with confidence that you are up to date with the true financial position of your business.
- Motivating - Regular management accounts focus on profits and encourage even better results for the next management accounts period.
- Improve Efficiency - Keep a better eye on how your expenses are doing and quickly address a situation where there is an overspend.
- Maximise Profit - The ability to know where you are and see the tangible results of business decisions means that profits have to increase as a result of taking out regular management accounts.
Personal Tax
Did you know, in 2018, around 758,000 submitted their Tax Return on the day before it was due!
We can take this stress off you by getting the tax calculated and informing you of your payments/repayments due to/from HMRC, as well as reminding you in January about the payments. We ensure you are not a part of the 7% who have to pay charges on top of their tax liability due to failing to submit their tax returns on time.
We do not only offer annual accounts service, but also highly recommend regular management accounts.
We also offer advice on how to minimise tax liabilities where possible (see our news page).
- Peace of mind purchasing, no regrets.
- A combination of methods
- Back-up support when you need it
Business Tax
We offer a large range of business tax, including:
- Deciding on a tax-efficient structure
- Making the most of allowances and reliefs
- Reducing tax on disposals
- Maximising tax relief on acquisitions
- Liaising with the authorities on your behalf
- Assisting with compliance requirements, including corporation tax self-assessment.
True Horror Story
A client was keen to produce management accounts but didn’t want to employ our services so he decided to produce them himself. The results were so bad that his business partner handed in his notice and went and got a job, effectively terminating the business.
Months later we were given the annual accounts to produce and found out that the client had made mistakes in his management accounts and the results were much better than anticipated, but by now it was too late and the business closed down.
As accountants we know the necessary checks and measures to take to ensure accounts are produced accurately so you can remain in charge of your business with the confident knowledge you are up to
date with what is happening.