Our Services
Accounting And Book-Keeping Services Tailored To Your Business Needs
Running a successful business requires more than just passion and expertise in your field. It essentially requires meticulous financial management and accurate bookkeeping. At BAS Limited, we understand the importance of maintaining impeccable financial records while you focus on managing and developing your business.
We offer a range of services; whether you require the preparation and submission of self-assessment, partnership tax returns, limited company tax returns and annual accounts, VAT (Value Added Tax), payroll services, and company registration, we have the expertise to provide the support that you need. We offer flexible accounting and book-keeping services to conform to the style of your business - our services are programmed based on your request. Therefore, when and wherever you require: at your office, online, or records sent to us.
Payroll Services
Experience excellence in payroll services with BAS Limited. Our award-winning, fully managed payroll solutions are designed to be reliable, responsive, and seamlessly tailored to your unique business needs. Whether you're an SME, charity, sole trader, or self-employed individual, our specialized payroll plans not only ensure accuracy and compliance but also promise substantial savings, potentially saving you thousands of Pounds in annual payroll processing costs. Trust BAS Limited for payroll services that go beyond routine tasks, allowing you to focus on what matters most – growing your business.
Value Added Tax (VAT)
Value Added Tax (VAT) is a consumption tax levied on the sale of goods and services at each stage of the supply chain. Unlike traditional sales taxes that are applied only at the final point of sale to the end consumer, VAT is imposed at every step of the production and distribution process. It is designed to be a fair and efficient way of taxing consumption.
Governments use VAT as a significant source of revenue, and it plays a crucial role in funding public services and infrastructure. Businesses operating in regions with VAT systems need to ensure compliance with relevant regulations, including accurate record-keeping and timely submission of VAT returns.
Partnership Tax Returns
Partnership tax returns involve the filing of a comprehensive financial document by a business partnership, where two or more individuals join forces to operate a business. In this collaborative business structure, the partners share the profits, losses, and responsibilities, and the partnership itself is not taxed. Instead, the profits and losses "pass-through" to the individual partners, who report this financial activity on their personal tax returns.
Accurate and timely filing of partnership tax returns is crucial for maintaining compliance with tax laws and ensuring that each partner fulfills their tax obligations.
Limited Company Tax Returns and Annual Accounts
A limited company, often abbreviated as Ltd or LLC (Limited Liability Company), is a legal business structure that provides a distinct separation between the company and its owners, known as shareholders. This separation offers limited liability to shareholders, meaning their personal assets are generally protected in the event of business debts or legal issues. Limited companies are prevalent in various jurisdictions and are known for their flexibility and scalability.
This business structure is popular for its advantages, such as limited liability, potential tax benefits, and the ability to attract external investment through the sale of shares.
Understanding the preparation and submission of a company’s corporation tax and annual accounts to the required government bodies saves your business time and financial resources.
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