Registering for Self-employment: if you want to start doing a business on a self-employed basis, we can help to register you and your business with HMRC. Setting up a new company: if you need help with opening your company, we are here to help. You only need to choose the name and provide us the details, we will handle the rest. Pension enrollment: It is a legal duty to enroll a staff into pension if his/her earnings is over £10,000 per annum. If they employee want to opt out of pension, they need to opt out themselves. However, as an employer, you need to declare compliance to pension rules and perform the legal reporting duties. We can help you with this. It is not part of our bookkeeping and accounts services because it is one-off services. Once you opt out of pension, you need to re-enroll or opt out after three years. Pension advice and referral services. Translation and interpreting services: We work with other interpreters who provide interpreting services for our clients if and when it is needed.

We help businesses grow.

It is sometimes daunting when you first set up a business. At V2V Accountancy Services, we understand the complicated process and the risk involved in setting up a new business. We can guide you through every step including choosing between to be a sole trader or to do trading through a company, register the business with HMRC, with Companies House and all other reporting duties required when running business in the UK.

Book keeping including recording transactions, reporting these transactions to HMRC if businesses are VAT registered or for these transactions to be part of the annual accounts reported to HMRC. We are using the bookkeeping software that compatible and meet requirements from HMRC.

Payroll is required when you employ staff to work for your business. It is definitely needed if you run a limited company. When you employ staff, you become employer. An employer has duties to report payments to staff to HMRC. The frequency of reporting depends on the frequency of the payments, can be weekly, fortnightly or monthly. Even when you are a sole director of a limited company, there are many benefits of running a payroll with just one director on the payroll. We can guide you through the whole process and register your business as an employer with HMRC, run the payroll and report to HMRC. We handle the admin side for you to focus on your business.

If you work in construction industry and if you register as sub-contractor, you need to register for CIS (which is shorted for Construction Industry Scheme). This is a duty which need to be reported on monthly basis, very similar to payroll duties where employer need to report the payments made to their staff. We can help to register you for CIS and together with you, collect the paperwork for the monthly reporting duty. We do the admin and you do the business.

When you set up a limited company, the limited company has its own reporting duties including annual company’s accounts to report to Companies House and HMRC. With the MTD “Making Tax Digital” requirement from HMRC, all accounts need to be file via a suitable software. We can help to prepare and file your company’s accounts and meet with all the statutory requirements.

If you are self-employed, a company director, a partner in a business or you have income not taxed at source, for example, rental income, you will need to file a Self Assessment tax return to HMRC annually. We can help you to prepare your tax return to meet with HMRC requirements.

Registering for Self-employment: if you want to start doing a business on a self-employed basis, we can help to register you and your business with HMRC.
Setting up a new company: if you need help with opening your company, we are here to help. You only need to choose the name and provide us the details, we will handle the rest.
Pension enrollment: It is a legal duty to enroll a staff into pension if his/her earnings is over £10,000 per annum. If they employee want to opt out of pension, they need to opt out themselves. However, as an employer, you need to declare compliance to pension rules and perform the legal reporting duties. We can help you with this. It is not part of our bookkeeping and accounts services because it is one-off services. Once you opt out of pension, you need to re-enroll or opt out after three years.
Pension advice and referral services.
Translation and interpreting services: We work with other interpreters who provide interpreting services for our clients if and when it is needed.