+44 (0)7950 295898 info@fidatezza.co.uk

Our Services

At Fidatezza, we know that the most important thing for any small business is time. Time to work, time to plan, time to strategize – and most of all, time to grow. Fidatezza takes the hassle out of your day-to-day financial admin, providing an efficient account, bookkeeping and payroll support service that is tailored to your needs.

The ICPA (The Institute of Certified Practising Accountants) represents practising accountants. A professional organisation, ICPA offers its members important benefits, helping them to achieve the highest standards in accounting practice. One of the main benefits, apart from having support and guidance from an institute like ICPA, is as follows: ICPA joined forces with AMLCC to provide members with crucial online anti-money laundering (AML) compliance system.

Fidatezza
Day-to-day Bookkeeping

Although other elements of your business may seem more important, it’s essential to dedicate enough time each week to ensure that your books are in good order. Postponing can result in stress as the accounts become unmanageable.

Why good bookkeeping matters:

  • Timely, accurate, transparent accounts

  • Helps in raising loans

  • Helps in preparation and filing of various returns

We will help you to have an overall picture of what needs to be done by when.

Management Accounts
A set of accounts is produced not only to stay informed about what matters within the organisation but to make the best decisions.
Managers and all those in control read sets of summarised data, such as:
  • Balance sheet

  • Cash flow

  • Income statement 

A firm’s management can request sets of data every month, fortnight or week.

Contact us about your management accounts – we gladly assist you in preparation of relevant data. In having all relevant information, you will be able to make efficient and effective decisions.

Business Start-up and Registration

You’ve got an idea for a new business. Not sure how to proceed? Make your dream a reality today. When setting up and registering a new business, there are different legal structures available. We explain the requirements as well as pros and cons – in understanding the differences you will choose a suitable business for you.

Today, social entrepreneurship is a significant part of business, and therefore, we provide specific advice to organisations generating revenues to reinvest in social benefit, and to charities with their public benefit purposes.

We help you to take all necessary steps to set up and register your business.

VAT Calculation

How much is VAT in the UK? How do I figure out how much tax was charged? The value-added tax (VAT), is a general tax that is based on the surplus value added to the price on the work at each stage of production or distribution. Most goods and services are standard VAT rate – unless they are classed as reduced or zero-rated. Businesses usually have many questions regarding VAT rates, reduced rates and exemptions.

Get in touch! We will inform you about the scheme, VAT thresholds, payment deadlines and others.

Payroll and HR Advice

The term payroll refers to a company’s list of employees but is commonly used to refer to a company’s records of the employee’s salaries, wages, bonuses and taxes. Human resource management (HR) is designed to not only maximise employee performance but also to maintain a strong working relationship between employers and employees.

To avoid penalties, employers need to comply with the law in putting their staff into a workplace pension. Don’t ignore notices by The Pension Regulator (TPR). Employers operating PAYE as part of their payroll need to complete certain tasks during each month, for example, calculate tax and National Insurance.

We offer specialist advice, delivering the services and practical employment support that your business needs.

Business Strategy and Budgets

A successful business needs business analysis and planning. A business strategy can be described as long-term business planning to achieve its desired objectives. A business strategy can cover a period of 3-5 years but sometimes even longer.

To plan its operations, a business estimates its finances for a certain future period – this process is called corporate budgeting. One of the very useful tools for strategic planning is a SWOT analysis, a strategic analysis of strengths, weaknesses, opportunities and threats. A business usually starts with a project plan, then determines the amount of time, goals and cost of the project.

We will provide you with data and documents to support you in your strategic decisions.

Tax Returns and Advice

A tax return is a document that must be filed with the HMRC. Different businesses and organisations must file different returns. In short, filing a tax return means declaring liability for taxation. 

In the UK, the main returns related to:

  • Individuals / Income Tax

  • Partnerships

  • Trusts and estates

  • Companies / Corporation Tax

  • Employers / NI contributions

  • VAT

Many people find tax return forms – paper or online – daunting and struggle to complete the boxes.

At Fidatezza, we assist with documents you must file with the HMRC. Let us deal with your tax affairs!

CIS Returns

The Construction Industry Scheme (CIS) is a tax deduction scheme created by HMRC. The scheme involves tax being deducted from payments which relate to construction. CIS is used to file either the contractor’s monthly returns or verify a subcontractor. Not sure how to register with the CIS online service? We assist with registrations – contact us to find out, whether you should register as a contractor or subcontractor via CIS.

At Fidatezza, we react promptly to your queries on the scheme, assist with forms and documents.

Please note: CIS doesn’t include payments made to employees. Payments to employees are covered by the Pay As You Earn (PAYE) system. Find more information about PAYE within the section: Payroll and HR advice

Cross-border Advisory Services

If you plan to build small and medium-sized enterprises (SMEs), you need to find out, how to build strong foundations from which your company can grow and manage risk effectively. Successfully creating wealth for all stakeholders means you need good advice about risk management. 

We work with you to build proactive and integrated tax strategies that address the tax risks of today’s companies. We assist with cross-border tax structuring, planning and risk management.

What matters most is to achieve sustainable growth.

Small-claims Court Representation

The most common types of small claims are:

  • Wages or money owed in lieu of notice

  • Compensations for faulty goods

  • Compensations for faulty services

  • Disputes between landlords and tenants

Cases are usually allocated to the small claims court if they are worth £10,000 or less. To make a court claim means that you apply to a county court to claim money you are owed by an individual or business.

Contact us for advice before you make a claim. If you consider taking court action you must do this within certain time limits.

E-Commerce

New technologies and payment options keep contributing to a rapid change in the area of E-Commerce. Moreover, new legislation regarding Making Tax Digital, distant selling and VAT can cause headache to a business owner who struggles to follow and implement all new requirements.

We are E-Commerce accountants providing specialist advice related to the platform of your choice. MTD software can be integrated with E-Commerce solutions like Magento or Shopify and apps. This integration enables automated updates after every completed purchase.

E-Commerce accountants understand the flow of inventory. You will have access to all relevant data to make informed decisions – in real-time.

Amazon

We are specialist accountants for Amazon FBA. Amazon is the world’s biggest e-commerce platform. Via Amazon Marketplace third-party sellers offer new and used products online – alongside Amazon’s offerings. If you want to sell or already sell on Amazon, we assist you with automated tax and bookkeeping systems. After you read your Amazon seller agreement and related guidelines, you still need further information.

As Amazon seller, it’s important that you understand your tax-related responsibilities. We will help you to save time you would spend with admin and assist you with tool integration for invoicing, inventory management, time tracking and others. Furthermore, we advise you about what other sellers are doing and inform you about their margins, so you understand better how to position yourself. Our booking, accounting and tax-related advice aren’t limited to Amazon. 

Contact us about Alibaba, Etsy and eBay too. 

Offshore Income, Assets and Gains

If you have wages, benefits, pensions, royalties, rent, dividends or interests from banks, it’s important to consider them all when you are dealing with tax-related matters. Some of the above you may receive in your home country, other from abroad.

If you are based in the United Kingdom and receive income/gains from abroad, that’s considered “offshore”. UK taxpayers must declare offshore income.

The Fidatezza team is here to assist you with including all taxable offshore income. Our multilingual team members speak English, Czech, Slovak, Russian, Hungarian and other languages. Get in touch!
Today, the authorities and their platforms are connected – worldwide. If you work in the UK but receive rent money from a property you offer for rent in, for example, Poland, you need to make a tax declaration here.

Sometimes we receive phone calls from people stressed about letters from HMRC. They are surprised they have to make a declaration/complete documentation within a month about income or gains from abroad.

If you are not sure how to proceed, contact us to find out what overseas income or gains you received in the past and is taxable (e.g. in the UK).

Supporting Entrepreneurs With Disabilities

Our Fidatezza team supports entrepreneurs with disabilities or specific health conditions to start and operate their businesses. Don’t underestimate people who live with any form of disability. Many people have shown great business ideas and became successful entrepreneurs. There are various resources available online and offline for people with disabilities, mental health challenges and special requirements. We support you with professional advice related to accounting, bookkeeping, tax and any other business issue, respecting your time and preferred mode of communication.

Developing an excellent strategy is key and asking professionals who have many years of experience in providing small-and-medium-sized businesses with advice is important. Writing down the ideas (ideation/concept), drafting a business plan, creating a brand, budgeting and financing – all these elements build an important foundation of a business aiming at growth and success.
If you choose to apply for external funding, you can start by contacting influential people and other business owners within your community. Becoming an entrepreneur is exciting, rewarding and nobody should think it’s impossible for them because of their special needs and requirements.

Entrepreneurs with disabilities bring unique experiences to their business, they are filled with determination, passion and motivation to help other people. Many choose to also give talks and organise events to strengthen local communities.

Contact the Fidatezza team and let’s discuss your business ideas and plans.

Contact Us

NOT SURE WHAT YOU NEED? BOOK A FREE INITIAL 30 MINUTE CONSULTATION WITH US SO WE CAN GET TO KNOW YOU AND YOUR BUSINESS.

PHONE:
+44 (0)7950 295898
+44 (0)7495 406576
+44 (0)1189 864374

E-MAIL:
info@fidatezza.co.uk

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