GRA Enterprises
About Us
Welcome to GRA Enterprises Chartered Accountants in Nottingham
If you are appointing an accountant for the first time or seeking more than your present accountant provides then look to GRA, you will never need to change accountants again!GRA is a firm of Chartered Accountants established since 2004. Our reputation as an efficient firm of accountants has grown and has attracted a large number of companies.In today's ever changing world, clients need to be confident that their financial affairs are in good hands. This confidence is gained by our personal approach to professional matters and by the results achieved by our advice and recommendations.
Services
Accounts
We offer different services according to your business needs and monthly payment plans to assist you with cash flow.Audit
Many businesses must have an independent audit by law. As Registered Auditors we can provide a full service to ensure you complete all statutory requirements.Tax Retus
We offer a comprehensive tax service from personal tax retu preparation, corporate tax planning to retus and filing them with HMRC.Bookkeeping
Accurate book-keeping is fundamental to keeping your business on track. We will help you to hit key accounts deadlines as well as process receipts and invoices faster.Payroll
As well as setting up a regular payroll (monthly or weekly), we can help you to prepare and maintain employee records and payments to the Inland Revenue.Investigations
Our team are experienced in this field and will take on your case, and will take care of you and your business through the various types of HMRC Investigation.Our Mission
GRA Enterprises are Nottingham accountants, who seek to be an integral part of a client’s advisory team, using the highest professional and ethical standards, with friendly, honest and approachable staff.Resources
Value Added Tax Registration
All traders must register for VAT if they make taxable supplies which exceed the set limits.
Where the value of taxable supplies in the previous 12 months was more than £68,000, or is likely to exceed this annual limit within the next 30 days, the trader has to register within 30 days. Failure to notify on time attracts penalties.
Collection of VAT
Registered traders normally have to submit VAT retus, and pay any VAT due, every three months.
Traders who regularly reclaim VAT from Customs and Excise may apply to submit monthly retus.Some large companies have to pay monthly.Tax on imports from outside the EU has to be paid at the time of importation, unless special arrangements are set up.Traders with a tuover of £1,350,000 a year or less can complete annual retus only, making nine monthly VAT payments on account, with a final payment due along with the year-end retu.
Very small businesses can simplify their accounting by applying to pay VAT at a flat rate on total tuover without deducting input tax. The business must have taxable tuover (including exempt supplies) up to £150,000 and total tuover of not more than £187,500. The rate is determined by trade sector.
Penalties are charged for late or incorrect VAT retus.
Payroll
Whether you require advice in issues arising with your own payroll calculations or need help in running a payroll, we can help.
Our assistance includes:First Steps - advice on when the necessity to make payroll deductions arises, setting up the records, Inland Revenue registration, advice on calculations.
Contact
Every business should have a good accountant who adds value to a business. Contact us today to find out how we can help you.
15 Perry Road, Sherwood, Nottingham, NG15 6AD
TEL: 01159693000