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Home About Us Our Services Software We Use Contact Us UK Accountancy At Emeralds BS, we can offer a wide array of accountancy services to everyone - regardless of geographic location or business type. Know More Professional Tax Advice Our main objective is to provide excellent customer service to all clients whilst simultaneously endeavouring to secure our clients’ highest potential annual income. Know More / View Our Services About us Request a Quote Professional Help & Advice We offer a range of services including accountancy, tax and general advice and help to support self-employed and small-to-medium-sized businesses. Our company’s expertise and experience can cover a multitude of circumstances. Contractor Our accountants at Emeralds have acquired over 20 years of experience. We provide a fully comprehensive accountancy and taxation package to contractors and freelancers. Read More Business Are you searching for simplicity and efficiency whilst fulfilling your business accountancy requirements? Get in touch with us today for tax advice and expert accountancy support. Read More Sole Trader Our expert sole trader accountants can guide you through the process of getting registered with HMRC by reducing your taxes and providing sound advice. Read More Our main objective is to provide excellent customer service to all clients whilst simultaneously endeavouring to secure our clients’ highest potential annual income. + Years in the Branch + Happy Clients h Email Response Time >% Client Retention Rate + Key Performance Indicators Our Services At Emeralds BS Ltd, we deliver a wide array of accountancy services to an excellent standard. Payroll Services in the UK Annual Accounts VAT Advice Personal Tax Rental Property Income Self-Assessment Registration Tax Advice & Planning Personal Tax Return Preparation & Filing Tax Advice Tax Planning Quarterly VAT Returns Annual Accounts & Corporation Tax Returns Professional UK Tax Advice Limited Company Formation & Benefits Expatriate Consultancy Tax Benefits Credibility IR35 Payroll Services in the UK This is a service we have provided for many years. It is one of the most common queries we receive, mainly from small businesses. Payroll is one of the most ubiquitous and important components of any organisation and is therefore crucial to be completed correctly by a trained accountant. Emeralds pride themselves on providing Payroll and other accountancy services to a wide range of clients including sole traders, SMEs, freelancers and individual contractors across the UK by maximising the effective use of the latest technology and they have over 20 years’ experience within the accounting industry. Annual Accounts An accurate submission Of company accounts for all UK registered businesses is extremely important. ‘If not done properly could incur additional fees and serious legal charges. Accounts need to be sent to HMRC and Companies House yearly after which they give an overview of an organisation’s financial activity during the financial year. For this reason, it is vital that the account information is as accurate as possible and must be submitted to HMRC and Companies House by a specific deadline – usually at the end of the business financial year. To adhere to these requirements, a business would need to have the following information: &#10003 A Profit & Loss Report &#10003 A Balance Sheet &#10003 Any noteworthy information pertaining to the accounts &#10003 A Company Director Report &#10003 An Auditor’s Report (if applicable) &#10003 Name and signature of a Company Director Accounts need to be submitted to Companies House within 21 months of the business becoming incorporated. These accounts, however, only cover the first 12 months which start from the date the business became incorporated and end on the accounting reference date. Should a company fail to supply Companies house with necessary accounts by the deadline, it could incur a penalty. Fortunately, certain exceptions are made for certain cases where companies are eligible to extend the deadline with justifiable reasoning. To do so, a deadline extension request can be submitted in writing to HMRC as long as the original time limit has not lapsed. VAT Advice Emeralds has used broad accountancy knowledge to advise many businesses and individuals about VAT regulations over the years. There are many rules involved with this, so we understand that most people require additional assistance to ensure their company’s compliance. We are always available to provide our professional advice services to all customers. Additionally, we have advised hundreds of business owners, contractors, freelancers and sole traders and helped them to understand how to adhere to all current VAT legislation. Our VAT advice service is quite versatile in that it can be easily tailored to benefit both individuals and business owners, and we can easily adapt each service to your unique requirements or the requirements of your business. The primary areas that our VAT advice services include are: &#10003 VAT registration & de-registration assistance &#10003 Suitable business VAT scheme advice &#10003 Preparation & submission of VAT returns &#10003 HMRC VAT enquiries assistance &#10003 Maintenance of online accounting software to keep VAT records compliant Due to our many years of experience in providing professional accounting and finance services to our diverse range of customers, we have acquired the most extensive knowledge on best practise for VAT. This is still ongoing, so our team here at Emeralds can keep you abreast of any modifications to VAT regulations and legislation which will ensure that your company will not have any compliance issues. Emerald’s dedicated team of professional tax specialists can help you with all VAT-related matters. This can range from needing assistance with registering your business, to needing information to help you choose the right VAT scheme for you, or even needing a representative to ensure the appropriate filing of VAT returns. Emeralds is always ready to put your mind at ease. Personal Tax Many people throughout the UK have trouble understanding how much tax they must pay each financial year. This is understandable as most people have little experience in the accounting and tax industry. It’s for this reason that thousands of people now rely on external services such as ours to provide personal tax advice. This relieves a lot of unnecessary stress. Should you need help with preparing or filing a Personal Tax Return or registering for Self- Assessment, the team of professional qualified accountants at Emeralds BS Ltd is committed to helping our clients achieve the highest possible annual income alongside the lowest possible tax payment.Emeralds offers a wide array of personal tax services that can be moulded to easily suit the requirements of any client. Our team can provide personal tax advice and assistance on the following areas: &#10003 Rental Property Income &#10003 Self-Assessment Registration &#10003 Tax Advice & Planning &#10003 Personal Tax Return Preparation & Filing Rental Property Income In order to accurately calculate your annual tax liability, it is important to add Rental Property Income to other money earned throughout the year, such as employment. To comply with HMRC regulations, this extra income must be declared on an annual Self-Assessment. Despite this, certain expenses can be claimed to offset a person’s rental income which can reduce their tax bill. Our team will endeavour to assist in a way that ensures the lowest possible tax payment. Self-Assessment Registration Our skilled and experienced team can easily help you to register for Self-Assessment tax returns. We can happily ensure that the HMRC regulations are carefully adhered to so the chances of having any compliance issues are minimised. Tax Advice & Planning We have a team with extensive experience in dealing with personal tax. We will take care of your personal tax and we can also help with tax planning if required. We use this knowledge of available tax allowances to make sure that our clients are only required to pay the lowest amount of tax possible. Personal Tax Return Preparation & Filing This is the service for which the vast majority of our clients enlist our help and guidance. Should you require assistance with preparations for your Personal Tax return in line with HMRC guidelines, we can help you to submit it within the specified time frame to ensure you aren’t liable for any late submission fines or unexpected payments. Tax Advice All businesses are obligated to pay various different types of tax annually in the UK. For this reason, many organisations, contractors and traders need sound advice from licensed accountants with sufficient experience in this field. Accountants can help to explain how the system works and strive to figure out what taxes are necessary to pay and how much, as well as determining what allowances each individual is entitled to receive. The team at Emeralds BS Ltd helps their clients to adapt to the increasingly demanding world of finance. We can advise you on the optimal ways to submit quarterly VAT returns correctly and on time. We can also help to supply HMRC and Companies House with your annual accounts. Our years of accounting, finance and tax service experience has been extremely beneficial to helping businesses of all shapes and sizes. Emeralds offers a wide range of tax advice to clients which we can easily adjust to suit the unique requirements of any business. These include: &#10003 Tax Planning &#10003 Quarterly VAT Returns &#10003 Annual Accounts & Corporation Tax Returns &#10003 Professional UK Tax Advice Tax Planning Our team is dedicated to securing all applicable tax allowances, exemptions and deductions for our clients whether they apply to the businesses or to the individuals themselves. To achieve this, the Emeralds team uses every facet of knowledge and all resources in their possession to keep our clients’ tax liabilities to a minimum. Once we are satisfied that our clients have made the optimum use of all allowances owed to them and have calculated the tax payable to HMRC, we can then concentrate on creating a plan that will ensure their business has sufficient funds to cover tax expenses at the end of the financial year. Quarterly VAT Returns All businesses are obligated by law to send a form to HMRC that details the amount of VAT that is owed by their organisation. A VAT return outlines the total amount of sales and purchases of your company and the amount of VAT that can be reclaimed by the company is calculated from this. Our team of accountants can seamlessly submit your VAT returns to HMRC and sort all the relevant paperwork. Annual Accounts & Corporation Tax Returns The annual account is the general overview Of any financial activity conducted by a limited company over the most recent financial year. These accounts typically include profit and loss accounts (P&L), balance sheets, a company director’s report and a signature from at least one director on the balance sheet. This information is then used to fill in the corporation tax return required by HMRC, which is then used to determine how much tax the business owes to the Government. Professional UK Tax Advice At Emeralds, our main objective is to provide excellent customer service to all clients whilst simultaneously endeavouring to secure our clients’ highest potential annual income. Our team of dedicated and professional accountants will use their acquired knowledge of the accountancy and finance industry to give exceptional tax advice and accountancy services. To ensure this, we provide unlimited phone and email support and we are available to help and offer guidance whenever required by our clients. Limited Company Formation & Benefits The formation of a limited company has become increasingly easier in recent years. It was once necessary to fill out a multitude of documents and send them to many external parties including Companies House which took time to deliberate on whether the company should be approved. Nowadays, the formation can be done online in a couple of hours. There are a number of substantial advantages to registering your organisation as a limited company. The three main benefits include: &#10003 A Separate Legal Identity &#10003 Tax Benefits &#10003 Credibility All businesses are required to register with Companies House and give all necessary information about their company in order to register it as a limited company. Our accountants at Emeralds BS Ltd are able to complete the required forms and liaise with Companies House so our clients can concentrate on other aspects of their business. Expatriate Consultancy At Emeralds, we know how the tax system works and the best way to manage your income, reduce liability and pay the correct local tax. We have experience in supporting internationally mobile workers through pivotal stages in their careers and we can help many expatriates in a variety of ways: Residence & Domicile Issues Statutory Residence Test Advice UK & US Tax Return Compliance Foreign Tax Credits & Income Exemption Mixed Fund Analysis Expatriation Overseas Workday Relief Rules Detached Duty Relief Rules There is a wide range of tax allowances that can benefit a limited company by reducing their tax liability. Our team can ensure that your company will pay the lowest amount of tax possible by using their extensive knowledge of the accounting, finance and tax industry to access these allowances. An added benefit Is to registering your business as a limited company. This is due to a professional impression that a limited company creates, and this often builds trust between an organisation and its clients. IR35 From April 2020 in addition to all public sector authorities. There will be no change to workers that provide services to a small client in the private sector. The individual’s Personal Service Company (PSC) will remain responsible for deciding the worker’s employment status and if the rules apply. IR35 is a form of tax legislation that targets those who provide services to their clients via their own limited company, specifically contractors. The intention is to get rid of many companies trading as PSCs and to leave only the genuine ones standing. The legislation prevents those who are acting as employees from avoiding PAYE and NIC payments. For instance, if a business utilises workers via a Personal Service Company (PSC) or any other intermediary, such as an LLP, the new IR35 regulations will force businesses to review their contracts with these companies to determine if they should in fact be treating them as an employee for tax purposes. Even if the workers have been hired via a 3rd party company, the engager may still be liable to make NIC and PAYE payments throughout the duration of their contract. One of the main concerns for those that work with PSCs is the possibility of increasing costs. For instance, those PSCs or their own providers may decide to increase their expenses to cover the contributions they will be required to make following the changes. Do not hesitate to contact us! Founder: Silvi Spasov Telephone: 020 3983 5205 Mobile: 07799 141 334 Email: silvi@emeraldsbsltd.co.uk Our Clients Over the years, we have built a strong relationship with our clients. We value all interactions, along with the experience and knowledge gained from each of them. We believe in trust, security and results and these values will always be a high priority for us. What Clients say Emeralds’ service in terms of advice, communication and meeting deadlines has been absolutely exceptional. Their attention to detail is immaculate. Very highly recommended. Sokol Kraja, Legal Services When I first called Emeralds, I found the company very friendly and accommodating. I was given plenty of time to discuss my needs and given a prompt appointment. I found the office in a lovely location in the centre of Kings Street amidst many lovely cafés and tapas bars and was very impressed by the clean and professional interior as I sat in a comfortable and sunny room waiting to see Mr Spassov. He immediately made me feel very welcome and at ease. I am fairly new to being self-employed and he made the whole process efficient, straight-forward and relaxing. He has a warm and kind personality and I highly recommend both Mr Spassov and his lovely team as a five-star service in every way. Kea Michelle, Airbnb Owner Emeralds has provided exceptional service over the past few years and I'm thoroughly impressed with them. Always friendly, timely, understanding, and professional. Keep up the great work! I look forward to working with Emeralds for many years to come. Andy Wen, Author & Investor The service from Emeralds has been exceptional. They have a personal and proactive approach to steer us with the financial running of our business. Our bookkeeping practice is consistently reviewed by Emeralds to ensure that we are compliant with the regulatory standards. The team is very reassuring and excellent at getting back to us promptly via telephone or email. Fabia Vieira, RAM Distribution Ltd Having used Emeralds BS Ltd for two years I have found them to be most helpful and understanding of the needs of our rental business. My queries are immediately answered by Emeralds BS Ltd either by email or phone. Their support, advice and quick response are invaluable. I would have no hesitation in thoroughly recommending them. Ruben Castro, HCF Services Ltd I highly recommend Emeralds for all your business and personal accounting needs. Friendly, professional, knowledgeable and always available. It's good to have the peace of mind, knowing that our finances are being looked after by the best. Codruta Gheorgheasa, C G Windows Ltd I have worked with Silvi and his team for over 13 years. Not only are they extremely knowledgeable and qualified but they are also very helpful and get the job done so efficiently. I completely trust them and wouldn't go anywhere else. Thank you so much! Elly Stancliffe CEO, The Handbook UK Ltd About Emeralds Emeralds BS Ltd was first established in 2013. The Director, Silvi Spassov has gained extensive experience in the world of accountancy working as a Senior Tax Consultant for PwC for 11 years. At Emeralds, we strive to ensure that all our customers receive the best service possible for all their accountancy needs and we endeavour to deliver this service promptly. Telephone: 020 3983 5205 Mobile: 07799 141 334 Secure Email: silvi@emeraldsbsltd.co.uk Our Partners Our clients and partners work closely with us and engage us with a variety of questions. We at Emeralds are very proud of our collaborations with partners and pride ourselves on connecting businesses. Mission Our mission is to ‘go paperless’ as much a possible via advanced technology, thus enhancing and facilitating future exchange. We strive to enhance optimal business efficiency by reducing environmental waste wherever we can. For Q&A Our team can be reached at: silvi@emeraldsbsltd.co.uk Monday - Friday - 10:00am -18:00pm Saturday - 10:00am - 15:00pm Sunday - Closed .mapouter{position:relative;text-align:right;height:200px;width:400px;}.gmap_canvas {overflow:hidden;background:none!important;height:200px;width:400px;} Get in Touch with us Address – 123 King Street, Hammersmith, London W6 9JQ Telephone – 020 3974 2184 E-mail – silvi@emeraldsbsltd.co.uk Twitter – BsEmeralds Home/About Us/Our Services/Contact jQuery(document).ready( function($){ var elementParent = $('.floating-contact-wrap'); $('.floating-contact-btn').off( 'click' ).on( 'click', function() { elementParent.toggleClass('active', ); }); }); $(function() { $( "#side-navigation" ).tabs({ show: { effect: "fade", duration: 400 } }); });