Traditionally you may deliver your books and records to your accountant three months after the year end and about a month later your tax position would be calculated. In reality, you would have been unaware of your tax liability during your accounting year and therefore your tax liability would have crystallised at the year-end date.
The evolution of cloud technology has enabled us to work closely with our clients and share access to the most up-to-date financial information. We have therefore heavily invested in our team to provide professional advice on the latest cloud technology to provide you with a relevant, timely financial position. Cloud technology enables us to work closely with you on a quarterly or six-monthly basis to review your tax position during the financial year, enabling us to manage your tax liability not simply reacting to it months after the accounting year has ended.
Hunts are accredited partners to market leading cloud accounting platforms
Xero and Quickbooks. Access your account via the buttons below.
Whether you are a start up business or an established small to medium sized company, we are here to provide the services you need to complete the full picture of your accounts. We'll help you maximize the potential of your business or new ideas.
At Hunts, we go beyond the standard financial reporting compliance. We use the latest accounting software and technologies to produce accurate up-to-date financial information to help our clients make informed timely decisions.
We understand that VAT often seems like a burden; the statement of being an "unpaid tax collector" is frequently heard. Although the government have tried to lessen the burden on small and medium sized business’s it still remains that calculating it correctly and delivering the VAT Returns on time takes you a considerable amount of time. We work with clients to help them prepare and submit their VAT Returns, and this can be in conjunction with the book-keeping service.
Hunts can also help you choose the right VAT scheme for your business - this decision alone could substantially improve your cash flow and potentially save hundreds of pounds in the amount actually paid to HMRC. In addition it can also significantly reduce the risk of genuine errors made and therefore time and money should you be the subject of HMRC visit.
We use a software based system for this which maintains the electronic file facility with Companies House. This means that maintaining and making amendments to your statutory records, filing confirmation statements can be made on a same day basis.
Getting the right advice about the structure of your business is crucual, as the business grows we ensure you maximise all available tax allowances and reliefs. We also provide proactive advice if you look to acquire or sell business to ease the pressure that come with this process.
Preparing payroll each month can be time consuming and complex, directing resources from core business activities. Its complexity is amplified by changing auto-enrolment, RTI, employment legislation processes and the accompanying regime of penalties for non-compliance. Whatever your business type or size (sole trader, small business or limited company), efficient payroll systems are crucial. We offer a full, flexible and tailored payroll bureau which not only relieves you of this pressure but also includes payroll advice to improve the performance of your business. Our service includes:
With HMRC's new system of penalties or errors, having on of our accountants complete your annual self-assessment tax return on your behalf, can give you peace of mind. As well as preparing your returns Hunts are here to give advice on maximising your allowances and reliefs, mitigating inheritance tax liabilities and advise on capital gains issues.
Tax investigations are on the increase, with individuals and companies alike being targeted and under more scrutiny than ever.
Investigations are stressful, time-consuming and costly for the party involved. As your Accountant we want to protect you where possible which is why we offer a Fee Protection Insurance service which covers you against the cost of professional fees associated with a tax investigation. The cost for this protection varies according to whether you are a Limited Company, Partnership, Sole Trader or SelfAssessement client. Please contact us for more detail.
We have the facility within the office to take instruction from a client in the morning to form a new private limited company, and be able to provide them with the certificate of incorporation with full company registers, memorandum of articles of association by the close of play the same day.
The benefits of choosing the right accounting software are considerable: simplifying clients' administrative process and providing relevant, timely and accurate information to you and to us, ensuring we focus on real-time advice, support and planning in a cost efficient way.
Cloud accounting software has the benefit of enabling our clients and us to work on your accounts jigsaw puzzle in unison: you choose which pieces you do, while we work on the rest, and both parties have access to the full picture in real-time.
We work with Quickbooks, Xero and Sage software and are able to integrate these into your accounting services with the provision of practical advice and support.
If you would like more advice or just need to chat an issue through, please talk to Nick on 01935 815008
or email . Alternatively, simply provide your details here and we will call you back.
Our free mobile tax and finance app brings our accounting tool kit to your fingertips, 24/7. Functions include our GPS mileage tracker, latest tax calculators, key tax dates, useful tax tips, and partner links to QuickBooks and Receipt Bank.
Available free from:
Nick began his accounting career with Yeovil based firm Hunt Wagstaff (no relation), at the tender age of 16. He qualified as a professional accountant within his first 3 years and went on to work with Marshall Beavan in Gillingham. Following a period of time travelling Europe, Nick set up Hunts Accountants in 1998 in Sherborne. Since then Nick has provided insight, strategy and accounting support to over 1100 clients, serving as accountant bedrock to businesses in Sherborne and throughout Dorset and Somerset.
Andrews' industry experience gives him excellent insight into how accounts are managed from the client side. Andrew is involved in preparing VAT and Management Accounts across a variety of clients and is a Certified QuickBooks ProAdvisor.
Jenny joined Hunts Accountants in April 2014 and brings with her a wealth of experience. She has worked with a wide range of clients from sole traders to limited companies covering all aspects of accounting from bookkeeping, VAT preparation, payroll, corporation tax and personal tax.
Maria completed her AAT qualification before starting a family and went on to practise accounting with her private clients from home. She brings to Hunts invaluable experience in partnerships and sole traders accounts.
Luke joined Hunts in 2012 and completed his AAT and ACCA qualifications whilst with Hunts. In addition to preparation of clients’ accounts Luke plays a key role in the implementation of Hunt’s new accounting software technologies. He is our in-house Xero and QuickBooks expert and a certified ProAdvisor.
Natasha joined Hunts in 2007 and completed her AAT qualification whilst with us. In between time out to have children, Natasha has achieved her fellowship status, and is responsible for client’s accounts preparation, business and personal tax for sole traders, partnerships and limited companies.
Tom joined Hunts in 2017 after completing his degree in Accounting and Business at Bournemouth University, and is currently working towards his Chartered Certified Accountant status. Tom assists in the preparation of year end and management accounts.
Luke is responsible for managing the Hunts payroll bureau. Luke is a member of Chartered Institute of Payroll Professionals and has a wealth of experience across all aspects of payroll, auto-enrollment, NIL and CIS.
Amy brings to Hunts an assortment of international marketing and project management experience. Having worked freelance whilst raising a family, she enjoys the opportunity to work with local clients, businesses and Sherborne Chamber of Trade. Amy supports across the business from marketing, HR to administration.
12th January 2021
If you are registered for VAT but not yet signed up with HM Revenue & Customs to Making Tax Digital (MTD), then please read on. If you are already signed up for MTD, or if we submit VAT returns on your behalf, then no further action is required at this stage.
HM Revenue & Customs will cease their old IT system from 8th April 2021. After this date it will no longer be possible to submit VAT returns without signing up to MTD. You may have already received a letter referencing this from HM Revenue & Customs titled ‘Action required before 8 April 2021: you need to change the way you submit your VAT Returns’.
Prior to this 8th April 2021 deadline, impacted businesses need to either:
As all businesses will need to be signed up to MTD by April 2022, we recommend you chose this option rather than setting up and submitting through the business tax account.
To sign up your business up for MTD please use the following link to Gov.UK website
https://www.gov.uk/vat-record-keeping/sign-up-for-making-tax-digital-for-vat and scroll down to click the green ‘Sign up now >’ button.
The process should take around 10 minutes and you will need the following information:
You’ll also need:
Once you have completed the short process you should receive a confirmation email from firstname.lastname@example.org within 3 days of signing up (check your spam folder if this doesn’t come to your inbox).
Do not submit a VAT Return until you get a confirmation email.
8th January 2021
As we find ourselves in another national lockdown, we will endeavour to guide you through the latest government support measures being made available, as we have done before. We have outlined our understanding of this current support below:
The government have announced further grants for businesses in retail, hospitality and leisure as follows:
We understand that the new grants will be made by local councils- as was the case with the funding last November. We therefore advise you check your local authority’s website over the next few days for further information.
Third SEISS Grant
The deadline to apply for the third SEISS grant is 29th January 2021. The eligibility criteria are the same as for the previous 2 grants and you can apply for this one (as long as you are eligible) even if you haven’t applied for a grant previously.
The government have extended the application deadline for BounceBack loans. The scheme is now open until 31 March 2021 and you can borrow up to 25% of your turnover (capped at £50,000).
If you originally borrowed less than the maximum available to you, you can now apply for a ‘top-up’ loan for the difference. The application has to be made with the same lender your original loan was with and you can only make one top-up application. The additional borrowing must be at least £1,000 and the capital repayment holiday will still run for 12 months from your original loan date, not the top-up application.
Coronavirus Job Retention (Furlough) Scheme
As announced on 17th December, the Coronavirus Job Retention Scheme (CJRS), will be extended until 30th April 2021. The government will continue to fund 80% of employee’s salaries (subject to cap of £2,500), for unworked hours, with employers only needing to pay employer national insurance and pension contributions. It’s important to note that you can access this extended scheme even if the employer or employee have not previously used the scheme.
In line with government guidelines, our offices are closed, while the team continue to work remotely. We will be able to arrange for client record drop offs and collections at the office as necessary so, if you are unable to email or upload documents to OpenSpace, please contact the team.
Please contact the team as usual should you need any assistance.
24th November 2020
We're excited to be sponsoring the 2020 Sherborne Business Awards. What better time to celebrate creativity and what has been achieved.https://youtu.be/1-sbwjPUiFM
We are always interested to hear from talented individuals looking to take the next step in their career.
Please address your CV to Nick Hunt at: Hunts Accountants, The Old Pump House, Oborne Road, Sheborne, Dorset DT9 3RX or email .
See below for details of our current vacancies.
We currently have no vacancies.