• Annual Returns:

Every company registered in England and Wales is legally obliged to complete and submit an Annual Return form. It provides an overview of a company’s current situation, specifying its directors, secretaries, shareholders, share capital, and other crucial information. The document is separate to a business’s annual accounts.

The Annual Return form needs to be completed every year from the company’s incorporation, regardless of whether your company is trading or dormant. Failure to submit this form on time carries severe penalties: 

We will correctly prepare and submit your Annual Return on your behalf, giving you peace of mind. 

To avoid costly errors and unnecessary stress, get in touch with us today and arrange your Annual Return.

• VAT

A company can only charge VAT if it is registered through HMRC. VAT is added to all business sales, hired or loaned goods, commission, and even non-sales such as gifts. Once you have been VAT registered, the VAT Return form must be submitted every quarter to HMRC, detailing the amount of VAT charged and paid by your business.

Our experienced accountants manage every step of the VAT registration process for you, corresponding with HMRC on your behalf to ensure that you are paying the correct amount. We identify the best VAT rate for your corporation and maintain detailed records of your VAT accounts, as well as completing your VAT Return every three months by online submission for a fixed monthly fee. We will also try to ensure that you claim as much VAT as possible.

• PAYROLL

The financial practicalities and responsibilities of being an employer are often daunting. According to HMRC, you are responsible for registering as the employer of a new employee and for calculating and paying tax and National Insurance Contributions (NIC) on their behalf. Logistically, this occurs on a monthly basis, making payroll a time-consuming obligation for any employer.

VMM Associates can streamline your duties by providing comprehensive guidance on your payroll administration. Our services will advise and support you through the costs, calculations, and targets stipulated by HMRC.