Services
Excellent Customer Service
Our staff are dedicated to giving you the best taxation and accounting support and advice.
Our Services Include:
Start-Up Services
McMillan Woods is a very well experienced firm of Accountants and Business Advisors. We have been providing the following services for our clients when they first intend to open a business in the UK: -
- Set up a UK company fitting client’s requirements;;
- Assisting in the opening of a Business Bank account;;
- Registering the company for PAYE, VAT and Corporation Tax;
- Updating all Companies House matters reflecting the true nature of all parties and company information held on public register at the Companies House;
- Providing our office address as their registered office address; and
- Providing in house training for their accounting staff.
Payroll Services
McMillan Woods have a thorough knowledge in providing professional Payroll services.
We will provide you with “Extremely Confidential” payslips on weekly or monthly basis. We then be providing you with the total Tax and National Insurance that you are required to pay using HMRC Portal.
We will provide you with “Extremely Confidential” payslips on weekly or monthly basis. We then be providing you with the total Tax and National Insurance that you are required to pay using HMRC Portal.
Business Valuations
Business Valuation is not an exact science, arriving at a single figure requires the analysis of complex market dynamics and a sound understanding of both the quantitative and qualitative aspects of the business. As part of this analysis, one should consider the financials as a record of how the business is performing. In addition, factors such as the location, size, hours of operation of the business should be considered; along with personal issues such as the experience of the owner, the friendliness of the staff and reputation of the company. In addition, one must consider the regulatory environment along with the strength of competition, complimentary services and level of goodwill linked to the current owner.
McMillan Woods provide a wide valuation that cater for differing levels of analysis and different valuation purposes. Our recommendations provide the support required for completion of taxable transactions and fair market value for most of the industrial sector.
McMillan Woods provide a wide valuation that cater for differing levels of analysis and different valuation purposes. Our recommendations provide the support required for completion of taxable transactions and fair market value for most of the industrial sector.
Accounting and Business Services
Reliable accounting and business advice is essential to the success of every business. Accounts and tax can understandably be one of the most complex areas for business owners to handle. The likelihood is, you’re not a business tax specialist, and being such an important part of running a business, you want your accounts and business tax in safe hands. McMillan Woods provides a comprehensive range of accounting, taxation and business services.
Our primary aim is to work with our clients to improve profitability and through the use of modern and up-to-date technology, statutory requirements are completed within the most efficient way.
Our primary aim is to work with our clients to improve profitability and through the use of modern and up-to-date technology, statutory requirements are completed within the most efficient way.
Management Consultancy Services
Our commitment to providing a personal service to our clients has led to the development of a close relationship with our clients. This gives us a unique insight into our clients’ business affairs.
We see ourselves as not merely the provider of a service driven by compliance requirements, but as an effective partner in our clients’ businesses.
Your success in business and investment provides us with a sense of satisfaction when we have made a contribution to your success.
Financial institutions are placing greater pressure on their customers – our clients, to demonstrate sound business practices. Those institutions are ready, willing and able to support these customers who demonstrate the necessary business skills – plan, monitor, manage and above all for expansion purposes.
We see ourselves as not merely the provider of a service driven by compliance requirements, but as an effective partner in our clients’ businesses.
Your success in business and investment provides us with a sense of satisfaction when we have made a contribution to your success.
Financial institutions are placing greater pressure on their customers – our clients, to demonstrate sound business practices. Those institutions are ready, willing and able to support these customers who demonstrate the necessary business skills – plan, monitor, manage and above all for expansion purposes.
Company Secretarial Services
Statutory registers or books must be maintained in the country of incorporation and this is the responsibility of the directors of the company. The registers do not necessarily have to be kept at the company's registered office, as long as the appropriate form is filed at Companies House notifying the address in the country of incorporation.
There are penalties for not keeping the statutory books correctly and filing documents at Companies House on a timely basis.
McMillan Woods provides complete Company Formations in the UK and overseas, maintenance of statutory records to comply with the laws of the jurisdiction, and providing the facility of Registered Office and Nominee Officers here, and overseas including the filing of all statutory forms as required on a timely basis.
There are penalties for not keeping the statutory books correctly and filing documents at Companies House on a timely basis.
McMillan Woods provides complete Company Formations in the UK and overseas, maintenance of statutory records to comply with the laws of the jurisdiction, and providing the facility of Registered Office and Nominee Officers here, and overseas including the filing of all statutory forms as required on a timely basis.
Self Assessment
When you start working for yourself, you will need to register as self-employed with the Inland Revenue.
You are self-employed if you are in business on your own and do not operate through a limited company. This might involve supplying goods or services through a one-person business or a business employing others. You will also be self-employed if you are a partner, either in a large partnership or with only one partner.
If you are self-employed, you have always needed to fill in a tax return. Many self-employed people now have a tax system that is easier to follow. The general principles for Self-Assessment are the same for everybody but the different sorts of income and gains you have affect which supplementary pages of the tax return you need to fill in.
McMillan Woods will provide you with our professional services with your self-assessment filing and also providing you with our Tax computations.
You are self-employed if you are in business on your own and do not operate through a limited company. This might involve supplying goods or services through a one-person business or a business employing others. You will also be self-employed if you are a partner, either in a large partnership or with only one partner.
If you are self-employed, you have always needed to fill in a tax return. Many self-employed people now have a tax system that is easier to follow. The general principles for Self-Assessment are the same for everybody but the different sorts of income and gains you have affect which supplementary pages of the tax return you need to fill in.
McMillan Woods will provide you with our professional services with your self-assessment filing and also providing you with our Tax computations.
Tax and Planning
A major part of our work is devoted to minimising our client’s tax while remaining within the legal boundaries. Our client’s affairs are regularly reviewed to ensure that they are organised as tax effectively as possible.
To ensure that our advice is current and relevant, our professional team carries out extensive and ongoing professional development, reviews new legislation, case law and tax rulings.
It is important that appropriate structures are established, and updated as necessary if the desired taxation outcomes are to be achieved. We are able to quickly assess your needs, provide detailed recommendations, and to supervise the set-up process in accordance with these recommendations. We work co-operatively with other professionals as required to achieve the required result.
By using the latest technology, McMillan Woods is able to provide you with an efficient and timely tax compliance service. This encompasses the preparation, calculation and lodgement of documentation in a way that ensures the twin objectives of economics and quality are achieved.
To ensure that our advice is current and relevant, our professional team carries out extensive and ongoing professional development, reviews new legislation, case law and tax rulings.
It is important that appropriate structures are established, and updated as necessary if the desired taxation outcomes are to be achieved. We are able to quickly assess your needs, provide detailed recommendations, and to supervise the set-up process in accordance with these recommendations. We work co-operatively with other professionals as required to achieve the required result.
By using the latest technology, McMillan Woods is able to provide you with an efficient and timely tax compliance service. This encompasses the preparation, calculation and lodgement of documentation in a way that ensures the twin objectives of economics and quality are achieved.
VAT
Value Added Tax (VAT) is a tax on the final consumption of certain goods and services in the home market, but is collected at every stage of production and distribution.
You must register for VAT when the value of your taxable supplies exceeds the registration threshold.
McMillan Woods would be able to undertake your VAT filings in a timely basis.
You must register for VAT when the value of your taxable supplies exceeds the registration threshold.
McMillan Woods would be able to undertake your VAT filings in a timely basis.