Summit Financials Services

 We specialise in handling your everyday  transactions, from outgoing expenses to incoming revenue. Our services  are designed to free your mind from financial complexities. Here are  some examples of what we offer our clients:

• Reconciling control accounts
• Creating and processing sales invoices
• Reconciling bank accounts
• Reconciling Petty Cash
• Posting payroll journals
• Processing and uploading purchase invoices

 Our payroll services cover both weekly and monthly payrolls. We handle the entire process, including submitting necessary forms to HMRC and managing RTI submissions upon client approval. Additionally, we provide expert guidance on calculating PAYE and National Insurance liabilities, ensuring compliance with HMRC requirements.

Our Payroll Services include (but not limited to):

• Weekly or monthly payroll processing
• Timely submission of RTI forms
• Accurate calculation of PAYE and National Insurance liabilities (if applicable)

 We offer comprehensive accounting services to facilitate the completion of your annual self-assessment tax returns. We prepare accurate and reliable financial statements that are filed with both Companies House and HMRC.

Our accounting services enable you to make informed decisions, both for your business and on a personal level.

Key accounting deliverables include:

• Income statement (Profit and Loss statement)
• Balance Sheet

 We provide expert assistance in preparing VAT returns and handling HMRC matters on behalf of our clients.

Our VAT services include:

• Accurate calculation of VAT payments or recoverable amounts from HMRC
• Thorough preparation of VAT returns tailored to your business
• Timely filing of VAT returns to ensure compliance

 We take great pleasure in assisting our clients with the installation and demonstration of various accounting systems. We offer comprehensive training on the following platforms:

• Sage Accounts
• Xero

Our goal is to ensure that you are equipped with the necessary skills and knowledge to effectively utilize these systems for your accounting needs.