PRACTICE AREAS

Accountancy & Bookkeeping

Outsourcing your bookkeeping and accounting function can provide you with a highly efficient and organised service that is both cost-effective and time-saving. We have a skilled team of highly experienced certified bookkeepers to service your regular needs as well as Chartered Accountants for year-end accounts and corporation tax work. We do regular work for a varied range of medium-sized and small clients across many industry sectors and we tailor our outsourced bookkeeping service to each individual client’s needs.

Accountancy Services are provided by a team of experienced and qualified accountants who produce the year-end accounts and do the corporation tax work for you. We can also provide a fully outsourced accounting, bookkeeping and payroll service for you to free up your time to focus on your key business activities.

We help new company start-ups as well as established small and medium-sized companies and are also able to offer advice on tax matters. Preparation of management accounts, on a monthly or quarterly basis, can be invaluable to many companies. You can make the best commercial decisions by utilising timely and accurate management information and regular management accounts information can also provide the basis for tax planning opportunities.

We have clients in many different business sectors including retail, online, manufacturing, service providers, construction, healthcare, entertainment, leisure, licensing, not for profit and the legal sector. You can be confident that all your accounting services including year-end statutory accounts will be done by experienced, qualified accountants.

Leea Tax accounting LTD offers a full range of bookkeeping services to ease the burden of accounting, and let you, the business owner, concentrate your time on developing & growing your business. Too many small businesses assume they have to pay the high prices that Chartered Accountants charge, and also have to wait for up to 6 months before their tax bill is calculated. We aim to complete all returns within 2 months.

Our practice will take care of all your bookkeeping needs, including:

Monthly accounts
Annual figures
Self-assessments / Tax Return
Payroll
Full submissions to Company’s House
All communication with the Inland Revenue on your behalf & more
SA302
Maternity Allowance
Universal Credit
NiNo / UTR
Bank Card
Settlement Status
UK Visa Application & Card
Pension Credit / State Pension
European Health Card
Benefits
Other Documents

Leea Tax Accounting LTD aim to help and ease the stress of completing your annual tax return, on time, every time. Some people are unsure if they have to complete a self-assessment return. Below is a brief outline to help you decide if you need to complete a tax return.

The most common reasons for needing to fill in a tax return are listed below. If HM Revenue & Customs (HMRC) asks you to complete a tax return for any other reason (this will normally to be to make sure that you’re paying the right tax and getting the right allowances) you must always do so.

You must complete a return if you’re any of the following:

a company director (unless you’re a director of a non-profit organisation, for example, a charity, and don’t receive any payments or benefits)
£10,000 or more income from savings and investments
£2,500 or more income from untaxed savings and investments
£10,000 or more income from property (before deducting allowable expenses)
£2,500 or more income from property (after deducting allowable expenses)
income from the estate of a deceased person on which tax is still due.

Universal Credit

Universal Credit supports you if you are on a low income or out of work. It includes a monthly payment to help with your living costs.

Who can get Universal Credit

You can apply for Universal Credit if you are on a low income or unemployed.

You will usually only be able to claim Universal Credit if you are aged 18 or over, but some people aged 16 or 17 can get it, depending on their circumstances.

And you usually won’t be able to claim Universal Credit if you’re in full-time education or training, but people with certain circumstances can still apply.

Read the detailed guidance on eligibility and Universal Credit and students to find out more.

What Universal Credit replaces

Universal Credit replaces:

Child Tax Credit
Housing Benefit
Income Support
income-based Jobseeker’s Allowance (JSA)
income-related Employment and Support Allowance (ESA)
Working Tax Credit

If you are already claiming these benefits or tax credits you don’t need to do anything now. The Department for Work and Pensions will get in touch with you before there are any changes to your benefits or tax credits.

If you receive these benefits or tax credits and your circumstances change in a way that would have meant you would make a new claim to one of these benefits, you will now need to claim Universal Credit instead.

Please note that when you apply for Universal Credit, this will mean you can no longer receive these benefits or tax credits. However, from 22 July 2020, if you receive income-based JSA, income-related ESA or Income Support you may be eligible for a 2-week run-on payment.

If you receive Universal Credit you may have to pay less in Council Tax, but you will need to apply for that separately.

If you currently receive tax credits

If you currently receive tax credits from HMRC please be aware that if you submit a claim for Universal Credit your tax credit award will end immediately. If your tax credit award ends it cannot be re-opened, and it will not be possible to make a new tax credits claim in the future.

If you are an existing tax credit claimant, this does not mean you will be automatically eligible to receive Universal Credit. If you submit a Universal Credit claim your tax credit award will be closed immediately, even if you are not eligible for Universal Credit.

There are some differences between the eligibility criteria for Universal Credit and tax credits, including (but not limited to) your savings and residency status.

If you currently receive tax credits, please check the eligibility criteria for Universal Credit before you submit a Universal Credit claim. If your tax credit award has not ended, you will need to decide whether remaining on tax credits or claiming Universal Credit is better for you, based on your own personal circumstances.

Run-on payments

From 22 July 2020, if you are receiving income-based JSA, income-related ESA or Income Support, and either:

choose to claim Universal Credit, or
a change in your circumstances means you need to claim Universal Credit instead

you may receive up to an additional 2 weeks’ worth of those payments.

This is a one-time payment and does not have to be paid back.

If you are eligible for it, it will be paid automatically. You do not need to contact DWP to receive it.

It will not affect the amount of Universal Credit you receive.

If your payments of these benefits included any additional payments for partners and/or premiums, these will also be included in the payment. Any deductions from your payments will be applied unless they would have ended during that 2-week period.

If you also receive contribution-based JSA/ESA, this will be included in your additional payment. However, your Universal Credit payment will be reduced by the amount you get from contribution-based JSA/ESA.

If you continue to receive contribution-based JSA/ESA whilst on Universal Credit, this will be converted into New Style JSA/ESA. Your Universal Credit payment will be reduced by the amount you receive from New Style JSA/ESA.

If you or your partner are above State Pension age

You can apply for Universal Credit if you or your partner are below State Pension age.

If you’re in a couple where one of you is above State Pension age and the other is below it (this is known as a mixed age couple), you will make a Universal Credit claim as a couple. When both of you reach State Pension age your Universal Credit claim will stop and you may wish to apply for Pension Credit and/or Housing Benefit.

If you’re in a mixed age couple and are already receiving Pension Credit or Housing Benefit, you will stay on those benefits as long as your circumstances remain the same and there is no break in your claim. If you have a break in your claim or your circumstances change, you may need to make a claim for Universal Credit instead.

What you’ll need

You’ll need accurate information about your:

savings
income, including your partner’s (from payslips, for example)
existing benefits and pensions (including anyone living with you)
outgoings (such as rent, mortgage, childcare payments)
council tax bill

Who cannot use them

You cannot use the calculators if you’re under 18, and they will not give accurate results if you’re:

a prisoner
a student
not a British or Irish citizen
on strike
living outside the UK
living permanently in residential care or a nursing home

Self Assessment

At Leea Tax Accounting, we remove the hassle and worry of completing your self-assessment with our Tax Return service.

It can be complicated, daunting and time-consuming and almost 1 million people a year are fined for failing to return it to HM Revenue & Customs correctly completed on time.

HM Revenue & Customs are regularly reported that one in four tax returns calculate incorrectly.

So firstly can you afford the time and effort but more importantly the cost in fines or a wrong calculation?

Our self-assessment tax return service will:

Deal with all your tax affairs no matter how complicated
Include employment income, pensions, benefits and expenses plus capital gains, investments and 1 rental property
Complete your tax return and all necessary schedules
Calculate your tax position
Send you a full copy and explanatory notes
File your return online to HM Revenue & Customs
Deal with the Revenue on your behalf
Be available for all your tax queries and questions

Child Benefit

What you will need to apply for:

your National Insurance number
your full name, address and telephone number
details of what happened and when
any reference numbers you’ve been given
how you’d like your complaint settled
the word ‘complaint’ at the top of your letter

The Child Benefit Office will usually respond within 15 working days.

When you get paid

Child Benefit is usually paid every 4 weeks on a Monday or Tuesday.

There are different payment dates if it’s due on a bank holiday.

You can get Child Benefit paid weekly if you’re a single parent or if you or your partner are getting certain benefits, such as Income Support.

If you haven’t got your payment

Check your payment date and contact your bank before calling the Child Benefit Office if a payment is late.

Your payments may have stopped because:

you haven’t told the Child Benefit Office your bank has changed or about your child’s education plans after they turn 16
you haven’t replied to a letter from the Child Benefit Office
your child now lives with someone else
you’re no longer eligible to claim Child Benefit

Business Start UP

Starting your own business can be a daunting prospect. Leea Tax Accounting bookkeeping aim to assist new start companies, & individuals, get their firm, firmly established in the market place, by giving them impartially, professional advice about all aspects of business, from starting your business, to opening a business trading bank account with preferential rates, to what advertising might work best for your company development, through to a special “business star-up" Leea Tax Accounting to maintain their ledgers.

Our aim is to take the pressure off you, while you get on with the work that is needed to grow your business. Sourcing funding & governmental grants to aid the growth of your business can be a minefield & time-consuming. Our staff will search our database of funding providers, to see if there is funding that will meet your business requirements. As part of our Start-Up Assistance plan, we will also assist you, with the preparation of your business plan, which is an essential part of the new venture.

We will help you research your target market, identify potential customers, register your intellectual property, to make sure nobody copies it without your permission, complete all your HMRC registrations and assist with finding partners & suppliers.

CIS Subcontractor

Make your CIS tax return process straightforward and stress-free. Leea Tax Accounting specialises in CIS tax refunds. We get construction workers tax back from the Inland Revenue quickly, efficiently and professionally. Our CIS tax rebate experts mix an unparalleled, in-depth knowledge of the construction industry with outstanding financial expertise to help you reclaim your overpaid taxes. Leea Tax Accounting is the difference you can trust.

We know how you work – we’ve been there ourselves. We know what the taxman takes – we’ve all felt the pinch. We want your money back in your pocket – and we know exactly how to get it for you.

If you earn money under the Construction Industry Scheme (CIS) we will make you richer at the end of the tax year. Leea Tax Accounting provides an invaluable CIS tax return service to a huge range of subcontractors from electricians, carpenters and plumbers to builders, plasterers and roofers, and many more.

All your information is fully protected under the Data Protection Act and it will go no further than our office and the Inland Revenue. If you are unsure of anything please call or drop us an email, which we will answer all CIS tax return questions as a matter of urgency. We know you have long working hours, and it is usually impossible to deal with admin on site, so our online service is available 24/7.

If you want to speak to us in person, we will be happy to chat about your CIS tax return and how you can get the maximum CIS tax refund from the Inland Revenue.

Please give us a call on 07468 533 462 or submit an online enquiry through the link.

Bookkeeping

Leea Tax Accounting LTD offer a full range of bookkeeping services to ease the burden of accounting, and let you, the business owner, concentrate your time on developing & growing your business. Too many small businesses assume they have to pay the high prices that Chartered Accountants charge, and also have to wait for up to 6 months before their tax bill is calculated. We aim to complete all returns within 2 months.

Our practice will take care of all your bookkeeping needs, including:

Monthly accounts
Annual figures
Self-assessments / Tax Return
Payroll
Full submissions to Company’s House
All communication with the Inland Revenue on your behalf & more
SA302
Maternity Allowance
Universal Credit
NiNo / UTR
Bank Card
Settlement Status
UK Visa Application & Card
Pension Credit / State Pension
European Health Card
Benefits
Other Documents
All communication with the Inland Revenue on your behalf & more

The most common reasons for needing to fill in a tax return are listed below. If HM Revenue & Customs (HMRC) asks you to complete a tax return for any other reason (this will normally be to make sure that you’re paying the right tax and getting the right allowances) you must always do so.

You must complete a return if you’re any of the following:

a company director (unless you’re a director of a non-profit organisation, for example, a charity, and don’t receive any payments or benefits)
£10,000 or more income from savings and investments
£2,500 or more income from untaxed savings and investments
£10,000 or more income from property (before deducting allowable expenses)
£2,500 or more income from property (after deducting allowable expenses)
income from the estate of a deceased person on which tax is still due.

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