Accountancy Services

Global Business Incorp Limited can relieve you and your team of a major burden by looking after all your book-keeping and accounting tasks, including compiling and filing of your annual accounts. Our dedicated staff will work closely with you to fully understand your business needs. We will then tailor a package of services to meet your specific requirements. Our goal is to provide your company with up-to-date, accurate financial data. Our services are particularly geared towards small and medium sized business and start-up companies, and we are ideally placed as a service provider for:

Bookkeeping: If you are new to business, keeping books and accounting can be a daunting prospect. Both time consuming to do yourself (even if you have the skills) and expensive to employ a specialist. Equally, if you are an established company, outsourcing your Book Keeping and Accounting requirements will almost always make sound economic sense.

Statutory accounts: Every UK limited liability business is required to file accounts in Statutory Format with Companies House and HM Revenue and Customs. These accounts are then used to calculate the amount of tax payable, based on profits and other forms of income. These accounts are important from an individual's perspective as well. Not only do they provide you with information about the profitability and stability of your business, they can also help when requesting finance, both personally and for the business. We are specialists in the production of statutory accounts for all types of businesses, the accounts for a Limited Company, a PLC, a LLP or consolidated accounts for a group of companies. Global Business Incorp Ltd can prepare accounts for dormant companies, non trading companies and trading companies. Once your company is incorporated you have a statutory requirement to file your accounts with Companies House and Inland Revenue. The full set of Accounts are due to be filed with HM Revenue and Customs 12 months after the accounting period ends and tax returns must be filed and paid 9 months and 1 day after the annual accounting period ends. The abbreviated set of Accounts is due to be filed with Companies House 9 months after the accounting period ends. Your UK Company may qualify as a "small company" in respect to the preparation of its financial statement/accounts based on the following exemption rules: your company turnover is less than £ 6.5 million and your net assets are less than £ 3.26 million or you have less than 50 employees. If any 2 of the 3 conditions is exceeded then your company accounts will need auditing. Global Business Incorp Limited can provide accountancy services to fulfil your statutory requirements after incorporation of your UK Company.

Value Added Tax (VAT): Global Business Incorp Limited can help you in getting VAT registered with the HM Revenue and Customs and file your VAT return quarterly. If your UK company turnover exceeds £ 73,000 it is your statutory requirement to apply for a VAT number. Although you may always apply voluntarily for this even if your company does not reach this limit. After the VAT application has been submitted to HM Revenue and Customs, the process takes between 6-12 weeks to get a definite answer from the VAT office. Once your application is successful your company will be issued with a VAT certificate. In most cases VAT returns are submitted to HM Revenue and Customs on a quarterly basis 1 month after the quarter.

Payroll (PAYE): Before your company has any employees you will have to register with HM Revenue and Customs as an employer and obtain your PAYE reference number. PAYE liability is paid 20 days after the month end. An annual return must be submitted to HM Revenues and Customs every year. Global Business Incorp Limited can provide your company with complete payroll services.

Personal tax return: Global Business Incorp Limited can help you with your Tax return so that you meet your deadline with the HM Revenue and Customs.
CIS Registration: We relieve the burden of this from our clients with our outsourced CIS service. This comprises: