Services
Services Overview
At TWJ we understand that every business is different. Whatever your needs, we'll provide a tailored approach of services and solutions that are right for you.
Accounts
Professional Accounting Services for Businesses of All Sizes
We are experts in providing comprehensive accounting and tax services for all business types, including sole traders, partnerships, and limited companies. Our mission is to ensure your financial records are accurate and your tax obligations are fully met, leaving you free to focus on growing your business.
Our experienced team specialises in leading accounting software such as Sage, QuickBooks, Xero, and FreeAgent. With our expert guidance, you'll maximize the potential of your software and maintain high-quality financial records throughout the year.
Our Accounts Services:
Statutory Accounts Preparation: Comprehensive preparation of statutory accounts to meet regulatory requirements.
Non-Statutory Accounts Preparation: Tailored accounts preparation for self employed and business owners.
Management Accounts: Timely and accurate reporting to help you monitor and improve your business performance.
Bookkeeping Services: Reliable bookkeeping support to ensure your financial records are organised and up-to-date.
Cash Flow Forecasting and Budget Preparation: Detailed cash flow analysis and budget planning for better financial management
Business Planning and Strategy: Expert advice to help you develop effective business plans and achieve your long-term goals.
Directors Payroll Services: Making sure directors meet their national insurance obligations while miximising the tax benefits available.
Medical and Healthcare Accounting
Medical and Healthcare Accounting Services
At TWJ, we understand the unique accounting and taxation challenges faced by medical and healthcare professionals. Whether you are a doctor, dentist, or optician, we offer tailored support for clients locally and throughout the UK. Whether you are self-employed, within a partnership, or operating as a limited company, we ensure your financial needs are met with expertise and precision.
Our Medical and Healthcare Accounting Services Include:
Preparation of GP Pension Certificates: Accurate and timely preparation to meet NHS pension requirements.
Tax Compliance: Comprehensive advice and support to ensure compliance with HMRC regulations while minimising liabilities.
Partially Exempt VAT Returns for Opticians and Medical practices: Expert guidance to help medical professionals navigate the complexities of VAT regulations.
Locum Doctors Accounts: Specialised services for locum doctors, including tailored advice and bookkeeping.
We are committed to providing professional, reliable, and efficient accounting services for healthcare professionals.
Start-ups
Expert Support for Start-Ups: Helping Your Business Succeed
Starting a business is an exciting journey, but it comes with challenges. At TWJ, we specialise in providing tailored accounting and advisory services for start-ups to help entrepreneurs navigate these early stages with confidence. Whether you’re forming a company or growing your business, we are here to support you every step of the way.
Why Choose TWJ for Your Start-Up?
With years of experience working with start-ups across the UK, we offer a range of services designed to save you time and provide expert guidance, including:
Company Formations: Efficient assistance with setting up your business structure and ensuring compliance with legal requirements.
Tax Planning: Expert strategies to minimise your tax liabilities and optimise your financial planning.
Legal Documentation: With the support of our legal partners we can assist with preparing essential documentation to protect your business interests.
Cloud Accounting Solutions: Access modern, streamlined accounting tools to keep your financial records organised and accessible
Software Training and Advice: Expert training and guidance to help you make the most of your accounting software.
We understand the complexities of starting a business and offer reliable, professional services to help you focus on growing your vision. Let us simplify the process and provide the expert support you need to succeed.
Tax
Expert Tax Advice for Individuals and Businesses
At TWJ, we provide tailored tax advisory services designed to help you reduce your tax liabilities and make the most of every tax-saving opportunity. Our dedicated team has extensive expertise in UK tax law, ensuring you receive accurate advice and personalised solutions.
Our services cater to both businesses and individuals, offering expert guidance on a wide range of tax matters. Whether it’s managing corporation tax, navigating capital gains, or planning for inheritance tax, we provide proactive solutions to ensure full compliance.
Our Tax Services:
Corporation tax returns: Stay compliant with HMRC regulations while minimising tax obligations.
HMRC tax investigations: Receive expert support during enquiries, with optional tax investigation insurance for added peace of mind.
Personal tax returns: Optimise your personal tax filings with precise and timely advice. With upcoming changes to Making Tax DIgital for Income Tax Self Assessment (MTD ITSA) from April 2026 it's important to stay up to date.
CIS returns: Assistance in compliance with the Construction Industry Scheme (CIS) for contractors and subcontractors.
Tax planning: Plan ahead with strategic advice to minimise your tax burden.
VAT compliance: Expert assistance with VAT registrations, filings, and audits.
Capital gains tax: Professional guidance to manage and reduce capital gains tax liabilities.
Inheritance tax and Trust planning: Protect your assets and reduce inheritance tax.
We make it our mission to handle the complexities of tax law, allowing you to focus on achieving your goals. Let us provide the expertise and support you need to stay ahead.
Making Tax Digital
Making Tax Digital (MTD): What You Need to Know
From April 2019, all VAT-registered businesses with a turnover above the VAT threshold have been required to maintain digital records and submit their VAT returns using third-party commercial software. While businesses below the VAT threshold can still voluntarily register and use HMRC’s online portal, the requirement for digital submission applies to those above the threshold.
Key Requirements for MTD for VAT:
Digital Records: Businesses must maintain digital records for VAT purposes.
Third-Party Software: VAT submissions must be made through compatible software. Submissions via the HMRC website are no longer permitted for businesses above the threshold.
MTD for Income Tax Self Assessment (ITSA)
Making Tax Digital is also being extended to Income Tax Self Assessment (ITSA) for self-employed individuals and landlords. This initiative aims to simplify tax reporting and reduce errors by requiring digital record-keeping and quarterly updates to HMRC.
Key Details for MTD for ITSA:
Who It Applies To:
From April 2026, individuals with an annual business or property income of more than £50,000 will need to comply with MTD for ITSA.
From April 2027, this will extend to those with an annual income of more than £30,000.
Requirements:
Maintain digital records of income and expenses.
Submit quarterly updates to HMRC using compatible software.
Provide an end-of-period statement and a final declaration to confirm tax liabilities.
Voluntary Sign-Up: Eligible individuals can voluntarily sign up for MTD for ITSA now to familiarise themselves with the system and benefit from streamlined tax management.
Preparing for MTD
To ensure compliance with MTD for both VAT and ITSA, businesses and individuals should:
Upgrade to compatible accounting software.
Maintain accurate and up-to-date digital records.
Stay informed about HMRC updates and deadlines.
Retirement Planning
Securing Your Financial Future
It’s never too early to plan for your retirement. At TWJ, we provide expert advice on investments, pensions, trusts, and inheritance, ensuring you can enjoy the same standard of living in your later years. With careful and strategic planning, we help you achieve financial security for a stress-free retirement.
Our Retirement Planning Experts Offer Tailored Advice in Key Areas, including:
Maximizing Business Value: Strategies to optimise the value of your business while minimising tax liabilities.
Inheritance Planning: Effective planning to protect your assets and ensure smooth transfer of wealth.
Future Investments: Guidance on future investments with advice from independent financial advisers.
Pension Decisions: Understanding the implications of drawing a pension or tax-free lump sum while continuing to work.
Trusts and Investments: Rearranging trusts or investments to align with your evolving needs.
Pension Contributions: Expert advice on pension contributions and provisions to secure your financial future
We are unable to advise on the management of pensions, but partner with Independent Financial Advisors that can offer this service.
At TWJ, we are dedicated to helping you make informed decisions for a comfortable and secure retirement.
If you’re in need of accounting or taxation support contact us for a consultation.
