United Kingdom and Europe

Over the years we have assisted accountancy practices in the UK enabling firms to gain greater efficiency and cost advantages.Our services include

BOOKKEEPING & VAT:

Our Bookkeeping services ensure that your books are treated specially. We aim not only to provide you an error free book that suits your needs but also to confirm that you save a lot.

We have an expertise of 20 years in knowing operations of different businesses through the bookkeeping process, we provide guaranteed satisfaction. With the advent of new cloud accounting technology , we have certified users on variety of mainstream Cloud Applications on Xero, QBO, ReceiptBank.

Our Bookkeeping services include:

-Assets / Equipment’s ledger maintenance

-General ledger maintenance

-Expense ledger maintenance

-Accounts receivable services

-Accounts payable services

-Preparing ageing reports & summaries

-Bank account reconciliation services

-Credit card reconciliation services

-Inventory reconciliation

-Payroll reconciliations

-Cash flow management, etc.

VAT is one of the most complex tax regimes for businesses. With a team of certified professionals, SandMartin provides one of the best outsourced VAT services provider. We have a very good exposure to different VAT Filing Schemes, the teams hold expert Knowledge on below VAT Schemes:

• Standard Accounting
• Annual accounting
• Cash accounting
• VAT margin schemes for Second hand goods, art, antiques etc.
• VAT retail scheme
• Flat Rate Schemes
• VAT moss Scheme
• EU VAT Rules etc.

Year-End Finalization

Having an experience of producing financial statements for various sectors such as Construction to Retail or IT to Consulting, we have done it all. Whether it’s for a Sole Proprietorship or a Limited Company or Partnership or any other entity types, we have covered them all in our expansive years of operations.

The year-end finalization services for SandMartin includes

• Preparing financial statements from client’s books/software
• EOY Journal adjustments
• General ledger scrutiny
• Reconciliation of assets and liabilities at EOY
• Analytical review and variance analysis
• Suggestions / feedback for improvement of bookkeeping by client
• Preparation of cross-referenced working paper files
• Preparation of excel schedules and workings to support financial statements

Monthly Management Accounts

Management Accounts are a set of precise accounting data prepared explicitly for a company’s management. The objective of management accounts is to deliver well-timed key financial and statistical information essential to the managers to take day to day as well as short term resolutions and we do understand that.

Our Management Accounts would typically include:

• Trial Balance
• Balance Sheet
• Profit & Loss Accounts
• General Ledger detailed and summary
• Aged receivables reports
• Aged payable reports
• Bespoke Reports and a detailed commentary on Management Accounts on case to case basis.

Payroll Services

We offer end to end payroll services at reasonable costs helping you to earn considerable margins and let you gain time as well to focus on you core operations.

The best part is we can customize payroll services to suit your requirements and provide a well-managed payroll solution. With us the payroll worries are off your head and costing is just an icing on the cake, i.e., you pay on per pay slip basis.

Our Payroll Services Include

Payroll Processing 

• Calculating gross wages, Top Up, Holiday pay (including recovery of overpaid holiday pay deduction) etc.
• Creating and maintaining employee records within a payroll administration system
• Carrying out PAYE and NI calculations and deductions (including SSP and SMP/SPP deductions)
• Preparation of leaver P45s or joiners P45/P46 or student P38s form PAYE monthly/quarterly payment reminder
• Producing pay slips, management information & reports
• Preparing the management reports department wise and cost center wise
• Completion of the year end submission and issuing P14’s/P60’s/wages reconciliation
• Changing the status of the employees (if needed)
• We can also help clients in setting up child care voucher schemes

Payroll Set Up 

• It includes PAYE scheme registration/de-registration, employer set up in software, adding employees in the company

Payroll Submission/Filing

• RTI (FPS/EPS) submissions on the monthly basis
• Direct filing to HMRC or sent to the client (case to case basis)

Tax Returns Services

Individual & Partnership Tax Preparation (SA 100, SA 800) & Corporate Tax Returns (CT 600)
Our Tax returns services have been declared as a life saver for many Accounting firms in the UK. The peak season pressure can be stressful for UK staff; our tax services relieve the burden from UK staff and let them focus on client servicing.

We know Tax Return Preparation is a very challenging and sensitive task. It requires involvement of highly skilled person who should be very well aware about the HMRC Tax Laws-regimes imposed on individual, partnership and corporate tax returns. SandMartin team gets updated with the HMRC tax Laws-regimes and amendments by conducting regular training