Services

If you are thinking about setting up your own business, a good place to start is by talking to Tenets in Birmingham.

It requires every business to confirm that the information that Companies House holds on it is correct by delivering a confirmation statement to Companies House at least once every 12 months.

At Tenets in Birmingham, our experience in working with a wide range of businesses means that we are well placed to review the financial aspects of any business in which you are considering investing, working alongside your legal advisers.

The VAT regime is so complex that many businesses unintentionally overpay or underpay VAT. Dealing with VAT can also act as a drain on your valuable in-house resources.

Timely management accounts provide one key source of the financial information you need. Tenets in Birmingham can provide monthly or quarterly reviews of your accounts and use key data identified to help you set financial budgets and targets.

These records must be completed within a strict set of criteria set out in either International Financial Reporting Standards or UK Generally Accepted Accounting Practice, depending on the nature of your business.

By using the payroll service at Tenets in Birmingham, you can be sure that your payroll will be prepared quickly, efficiently and accurately, keeping you compliant with HM Revenue & Customs requirements and deadlines, particularly in relation to the Real Time Information requirements (RTI) introduced in April 2013.

In the commercial world, disputes within businesses inevitably occur from time to time.In most cases, these can be resolved through discussion and negotiation but there are times when disputes can only be dealt with through legal channels.In these circumstances, the advice of accountants experienced in commercial disputes is essential. That’s where Tenets in Birmingham can help.

Tenets in Birmingham offers an expert, professional bookkeeping service that includes keeping records of all your payments and receipts up-to-date and maintaining your VAT records.

Every business needs to plan ahead to ensure success – after all, you wouldn’t set off on a long journey without knowing where you are going and the route you expect to take.

Running a business means that you must always keep an eye on your bottom line profit. By working with an outsourced finance department, you can significantly reduce your in-house finance and IT administration and your costs.

At Tenets, we can provide expert advice on the different options, help you assess the advantages and disadvantages or each and decide on the most appropriate structure. There are four main business structures, which are set out below with some of the key points relating to each of these.

When most businesses contract out a particular function to a third party, for example manufacturing, facilities management or payroll, they tend to refer to the process as outsourcing.

UK companies are created by registration at Companies House. Once registered, Companies House provides a certificate of incorporation as proof that the company exists and has been formed in accordance with Companies House regulations.

We can help your business with workplace pension compliance, providing help and guidance throughout the whole process; from helping you assess the cost for your company of operating a pension scheme and providing assistance in setting up or reviewing your pension arrangements, to managing your payroll function so that you remain fully compliant.

Our accreditation as a firm of Chartered Tax Advisers provides additional peace of mind in the quality of our advice.By seeking our tax consultancy expertise, you’ll benefit from our team’s in-depth knowledge and experience in protecting and maximising wealth through effective tax planning.

Tenets HR Consultancy will act as your optimised HR support team, delivering a professional and practical solution for small and medium-sized enterprises.

Our estate and inheritance tax planning specialists will work with you to identify ways to minimise your tax liabilities. We’ll review your estate, including personal and business assets, and prepare a tax-efficient will – a cornerstone of estate planning.

Tenets offers forensic accounting expertise in this specialist area. We work both with prosecutors seeking to examine the defendant’s financial affairs, in order to calculate the sum to be sought in a confiscation order, and with defendants disputing prosecution estimates of the degree to which they have benefited financially.

Resolving a dispute with HMRC can be time-consuming and cause significant disruption to a business or to your personal life.Salhan Accountants, and our specialists at sister firm Taxation-Investigation, give you access to practical, expert help and advice, focused on supporting you through the process and resolving the issue.

We are experienced in delivering tax litigation support, designed to achieve the best possible outcome for our clients.In some cases, our tax expertise and advice can help to avert the need for future proceedings by achieving agreement between the client and HM Revenue & Customs.

If you are thinking about setting up your own business, a good place to start is by talking to Tenets in Birmingham.

Creating Fund Flow is one such example of a business solution created by Tenets which was born as a result of enquiries from businesses who knew what they wanted but were having trouble finding a specialist that could truly meet their needs.

If your business is under investigation on a VAT issue, Tenets and our specialist sister firm, Taxation-Investigation can provide expert advice and support to identify the most effective way forward. We can represent you in dealings with the VAT authorities, including making disclosures, and advise you on the best way forward to achieve an appropriate outcome.