Commerical Businesses Services You Can Trust in Jersey
As Chartered Accountants, we specialise in providing professional accounting services to both businesses and individuals. Whether you are a construction company or an online business retailer, we evaluate your unique needs and requirements to provide tailored expertise.
Our services include but not limited to bookkeeping, financial reporting, self-assessments, annual accounts, payroll and GST. We combine our technological expertise and knowledge to bring you the most reliable, efficient solutions at market-competitive rates.
By partnering with us, you’ll have dedicated and qualified accountant from our expert team, helping you at every stage. Reliability, transparency, confidentiality, and excellence are some of our core beliefs.
If you’re looking for the best outcomes and unmatched success at unbeatable price, then get in touch with us today.
1. Bookkeeping Services
Let us take all your hassle of maintaining books and records.
Small to medium size businesses are outsourcing their bookkeeping needs to professionals like us not only to save them fixed overhead costs, but also to help them seize business opportunities while mitigating major risks; they are constantly informed on the financial outlook of their business.
Benefits of outsourcing your bookkeeping to us would include;
- Reduced cost
- We will use our own software to provide the service, therefore you eliminate the cost of buying software
- Eliminate the employer cost for your in-house bookkeeper
- Reduce the workload of your accountants, so a lower bill from them
- Timely reports, our trained team will provide all necessary reports (e.g., aged debtors, aged creditors, management accounts)
- Flexible arrangement, we either can do your bookkeeping at your place or remotely, at our office
Our interaction with you would be hassle free. Our operations are as follows;
- We collect your documents weekly, fortnightly or monthly as required
- We return them either fortnightly or monthly as required
- Sales invoicing, debtors listing, cash and cheque allocations, sales ledger and debt collection services
- Purchase invoicing, checking purchase invoices received are correct, creditors listing, writing cheques and purchase ledger
- Bank Reconciliation
- GST Returns
- Unlimited Advice on day-to-day book-keeping matters at no extra cost
2. Management Accounts
Management accounts are essential for those businesses who want to ensure they meet the targets they set for the trading year. They guarantee no surprises at the end of the year.
Regular management reports allow you to monitor your cash flow, observe trends and seek additional capital injections (if required), based on accurate forecasts business may have commercial loans with banks or financial institutions. Our services assist you in meeting your contractual obligations of providing management accounts on a regular basis.
Management accounts can be produced monthly, quarterly, half-yearly or any other period that is relevant to you.
We can prepare below reports as per your requirements
- Cash Flows
- Management Accounts
- Profit & Loss Accounts
- Business Plans
- Budgetary Forecasts
- Projected Accounts for next 5 years
3. Annual Accounts
We prepare your accounts on time and in compliance with the reporting requirements.
For compliance purposes, all Jersey companies are required to file accounts with Revenue Jersey, as well as the associated tax returns. We assist with the preparation of annual statutory accounts to ensure correct filing at the end of your company’s financial year.
Accounts preparation is a core part of our business and we pride ourselves on being able to meet your needs promptly and efficiently.
Our annual accounts package can be tailored to your specific needs to include:
- Preparation of financial statements from company records
- Preparation and submission of Corporation Tax computations and returns
- Preparation of abbreviated accounts
- Preparation of dormant accounts
Filing of accounts with Revenue Jersey
4. Payroll Services
From Small businesses, independent contractor to medium or large-sized businesses, payroll can be a real challenge for every business and staying up to date with ever-changing payroll legislation can be hard. We will be your payroll processing partner whom you can trust. We provide efficient and economical payroll services to all types of businesses.
We work just like your in house payroll department who can goes under the skin of your business to understand your requirement. We make sure your staff paid accurately and On Time. We are dedicated to provide tailored and value for money payroll services to your business.
We will work with you to develop an understanding of your payroll requirements. Outsourcing payroll is the preferred business solution which will enable you to free up time and focus on the development of your business.
As part of our payroll services, we provide the following:
- Registering for ITIS and CER
- Processing weekly/monthly payslips for your employees
- Dealing with employee leaving and joining
- Dealing with SSP and SMP
- We will prepare and submit your CER
- We will complete your Work Place Pension requirements as needed
Our Process
- You email us your Time Sheets
- We send you Wage Slips within 24 hours by email
- You receive your Wage Slips by post within 48-72 hours, if required
- Unlimited Free Advice on day-to-day Employment
- Redundancy, Payroll matters
- We file your CER online well within the deadline
- We prepare your monthly BACS report if required
- Fast and friendly service
5. GST Returns
Goods and Services Tax (GST) in Jersey is a 5% indirect tax on most goods and services consumed locally. GST was introduced in 2008. It is similar to VAT in UK. GST applies to both local purchases and imports, including online shopping, generally with a standard rate of 5% on items valued at £60 or more.
Businesses with taxable supplies exceeding £300,000 per year must register for GST and submit the GST returns on quarterly basis by the last day of the following month.
We help local businesses to register for GST and manage the whole process from end to end. We will also help you to prepare your Quarterly GST returns and submit these in time.
Our operations
- We will write a week before your GST quarter is ending as a reminder to keep your accounting documents up to date and ready for our receipt on a particular date. For example, your GST period is Quarter ending 30 March, we will write to you by 23 March.
- Once we receive all your documents we will contact you in case some important documents are missing
- We will discuss your Sales, Purchases and GST liability and resolve any queries
- We will email you GST figures for your approval
- We will submit GST return on your behalf and send you the confirmation of submission
We will give you a full GST report as to how your GST was calculated…ideal for both you and the GST inspector for any future investigations.
6. Corporate Tax Returns
All companies incorporated in Jersey must prepare and submit their annual corporate tax return to Revenue Jersey, by midnight on 30th November following the year of assessment.
The increased reporting obligations, robust investigation policies by the tax authorities and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up dealing with the tax matters with the Government.
As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with corporation tax.
We will ensure that you meet all your reporting deadlines and file your returns correctly, thereby avoiding any potential penalties. We can also represent you in any communication with the tax authorities.
7. Self-Assessment Returns
Jersey personal income tax returns also known as self-assessment must be filed by 31 May for paper returns or 31 July for online submissions. Self-employed individuals must report turnover and profit and keep the records for seven years. Late filing penalties of £300 apply.
We will help you to prepare your income tax returns correctly and on time. Our experts will be able to help you with any queries you may have and guide you through the process step by step.
You need to complete a self-assessment tax return if you are;
- a sole trader
- self employed
- a partner or
- a company director
You also need a self-assessment tax return if you have;
- Savings and investments income
- Property rental income
- Overseas income
- Dividends
We offer a complete service to include;
- Completion of self-assessment
- Preparation of sole trader and partnership accounts
- Dealing with Revenue Jersey on your behalf and
- Responding to any correspondence from Revenue Jersey
8. Jersey Revenue Tax and GST Investigation Services
No matter how large or small you are, Revenue Jersey can launch a tax investigation at any time. There doesn’t have to have a specific reason – everyone who submits a tax return is at risk.
We can look at the way you run your business and review your business records to try and identify any areas that may have given Revenue Jersey cause for concern.
There could be a genuine oversight in the accounts and returns which can be amended and resubmitted to Revenue Jersey. We play a vital role in defending your position and establishing evidences from your past sales trends and ratios to justify the amounts in the event of absence of your supporting documents. We will defend you and aim to resolve the matter within the shortest possible time frame and within the Revenue Jersey guidelines.
Our services include:
- Responding on your behalf
- Dealing with all correspondence from Revenue Jersey;
- Meeting Revenue Jersey officers and representing you;
- Preparing and defending your case; and
- Negotiating the best possible outcome for you.
A poorly-handled tax investigation, from a business’ point of view, can result in more tax to pay and more penalties. Therefore, it is necessary that you seek advice from qualified and experienced accountants.
9. Audit Support
We offer comprehensive support, enabling our clients to efficiently manage each phase of the audit process, from initial planning to finalisation , while enhancing the overall effectiveness of our clients’ workflows.
Our audit support includes, but not limited to;
- Preparation of Audit Schedules
- Drafting Financial Statements (including reconciliation between various GAAPs)
- Compilation of Audit File documentation for the auditors including required memos
- Regulatory Checklist Completion (for compliance with relevant laws and regulations)
- Liaison with External Auditors while acting as point of contact to streamline queries and reduce audit delays
- Audit Planning for Interim Audit / Final Audit
10. Budgeting and Forecasting
Accurate forecasts provide greater transparency around financial performance, enabling you to manage your business more effectively. They inform day-to-day resource planning and guide long-term strategy. And, by allowing you to compare actual results with key performance indicators, they can provide timely alerts should performance veer off plan.
Our team will provide you with timely cash flow advice and prepare forecasts for use either internally in managing your business or for presentation to third parties, such as bank managers.
Professional financial forecasts are a key part of a successful pitch, and you can make the potential investor’s life that easier by laying out exactly what they want. Our service is;
- Fast and easy
- Professional
- Tailor-made for your business
- Affordable fees
11. Business Start-Up
“Bring us your business ideas and we’ll help you to evaluate them in a constructive and realistic manner.”
We recognise that the support of experts in the early phases of starting a business is vital for survival. If you are thinking of starting your own business, then just bring us your ideas and we will help you to make them a reality!
We will help you in;
- Considering the most appropriate business structure for your business – sole trader, partnership or limited company
- Preparing a business plan with realistic cash flow forecasts and budget projections
- Establishing business relationships with banks and other professional advisors and
Registering you with JFSC and Jersey Revenue as appropriate
12. Business Plan Services
Our professional business plans will set you on the road to success.
A successful business plan can be key to growth, profitability and attracting investment. A good plan demonstrates clearly communicated actions, and should be followed by regular reviews of progress against objectives and targets to ensure success. In addition, a well-presented and robust business plan will be the best possible advertisement to lenders and investors who could facilitate the development of the business.
We know that every business is different. We don’t do “off-the-shelf” business plans, and we don’t believe in the one-size-fits-all model. Instead, our business plan writing service offers a completely bespoke and reliable service for both new and established companies alike.
Our business plan writing service includes
- All necessary content written for your business plan
- Comprehensive market research
- Projected cash flow forecast and profit and loss account
- All necessary email and telephone communication
Best of all, our business plan consultants don’t just write business plans – they are all successful entrepreneurs who have first-hand experience of running their own companies. This means they understand exactly what needs to be included in your plan to make it a success.
Frequently Asked Questions
Here are some common questions people ask about our accounting services in Jersey. These answers will help you better understand how our professional accounting support can help manage finances, maintain compliance, and support business growth.
They include bookkeeping, reporting, and compliance support for businesses in Jersey to manage finances accurately and efficiently.
Businesses in Jersey need accounting services to stay compliant, reduce errors, and maintain clear financial control.
Yes, we provide complete accounting services for companies in Jersey, including bookkeeping, reporting, and financial management.
Jersey corporate accounting specialists manage business finances, ensure compliance, and provide accurate financial reporting support.
Bookkeeping in Jersey includes recording transactions, managing ledgers, and keeping financial records accurate and updated.
Yes, we prepare clear financial reports in Jersey to help businesses understand performance and make better decisions.
Yes, small businesses in Jersey can use our services for bookkeeping, reporting, and financial management support.
Yes, we ensure tax compliance in Jersey by managing calculations, filings, and regulatory requirements accurately.
Yes, startups in Jersey get tailored accounting support to manage finances and build a strong foundation.
Accounting services in Jersey improve financial clarity, reduce risks, and support better business growth decisions.