We are a small accounting practice based on the Isle of Wight, providing accountancy services and taxation advice for individuals and small businesses. We look to provide a professional service delivered in a friendly manner. We look to support our clients throughout the year, not just when their accounts are prepared.
Few people enjoy dealing with HMRC and their tax matters, so our aim is to give them the advice and support they need to prepare their accounts and file them on time.
Undercliff Accounting is owned and run by Paul Everist who has worked as a tax agent for the last four years.
We will prepare your accounts and Self Assessment tax return. Don’t worry if your books are not well organised. Many of our clients hate paperwork, so we are used to creating their accounts from a pile of receipts.
Businesses that turn over more than £85,000 need to register for VAT. We can help you understand when you need to register and help you with the process. We will advise you on how to keep your records and will submit your VAT returns for you each quarter.
We will prepare your annual tax return and ensure that it is submitted to HMRC accurately and on time.
We can set up and run your payroll for you and provide you with payslips and P60s at the end of the tax year. Also, if you employ subcontractors, we can care for your CIS submissions.
Many find the process of starting a new business quite daunting. We can advise you on the options for your business structure (e.g. sole trader, partnership, limited company, etc.) and help you with the process, even setting up the new company for you.
Many people find that setting up as a limited company is a tax-efficient alternative to being a sole trader or in a partnership. We can help you decide if that is the best structure for your business. We will prepare your company accounts and submit them to Companies House and HMRC.
If you sell a property that is not your main home or other valuable items, there may be a need to pay Capital Gains Tax on the profit. The rules can be complex, but there are a range of reliefs and allowances that can be used to reduce the amount you will need to pay. We can guide you through the process.
If you work in the construction industry, you probably have tax deducted from all of your earnings. We can quickly prepare your accounts and tax return so that you get your tax refund as quickly as possible.
Telephone: 01983 222322
5 Esplanade, Shanklin
Isle of Wight, PO37 6BN