KRC Chartered Accountants
One firm.
All your financial
business needs catered for.
KRC Chartered Accountants
Business Services
Accounts Preparation
However frequently you choose to prepare full accounts, it is important that they are
produced accurately and depict all aspects of your business’s income, expenditure,
assets and liabilities.
With early preparation of accounts, you are able to review your business performance
and make informed decisions about future plans.
Our highly experienced and trained team will ensure that accounts are produced in
light of all matters relevant to your business and that they provide accurate
information for tax calculations, tax planning and business development.
Tax Returns
VAT & PAYE
HM Revenue and Customs’ systems are geared
towards first investigating those businesses that
have a poor compliance record for submitting
VAT and Employer returns on time.
We ensure that your obligations for timely filing
of returns are met, that calculations are made
accurately and to your best advantage, and that
liabilities are minimised as far as possible.
Our in-house VAT Accounting and Payroll
Bureau services take the headache away from
you. We will complete monthly and quarterly
returns and notify you of liabilities in good time,
avoiding penalties and keeping your filing record
up-to-date.
Our services include:
KRC Accountants Ltd.
Company number 07231903.
Registered in England & Wales.
Director: KMA Rahman. BSc(Econ)Hons. LLB Hons. FCCA. ACA
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Personal Tax Returns
Partnership Tax Returns
Company Tax Returns
Trust Tax Returns
7 Meadows Bridge
Parc Menter Cross Hands
Carmarthenshire SA14 6RA
T 01269 834 877
F 01269 834 868
E [email protected]
KRC Chartered Accountants
Business Planning
Finance & Grants
We have helped many of our clients to capitalise their businesses for growth and
development.
Using our knowledge and expertise in formulating business plans and working with our
contacts in the finance industry and with government agencies, we can help you raise
the capital your business needs.
Areas of funding include:
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Government-funded investment grants
Bank loans
Asset finance
Debtor book management
Company Formation
If you are thinking of starting up a new business,
we will advise you on the best route with regard
to ownership, liability, profit extraction and tax
planning.
As a sole trader, partnership or limited company,
it is vital to organise the structure of the business correctly. Considerations should include:
relationships with customers and suppliers, VAT
schemes, personal liability, and personal and
business taxation.
Our in-house company formation services are
tailored to set up your limited company within
hours once all aspects have been decided. Our
fast and efficient procedures will ensure that all
the necessary registrations are in place in
respect of your company tax, PAYE & NIC, VAT
and Agent’s Authorities, enabling your business
to get underway with minimal delay.
KRC Accountants Ltd.
Company number 07231903.
Registered in England & Wales.
Director: KMA Rahman. BSc(Econ)Hons. LLB Hons. FCCA. ACA
Business Plans & Forecasts
Whether you are starting out in business for the first
time or planning a new venture, a business plan can
provide a useful road map towards your goals.
In addition to being an invaluable source of
reference for target setting and performance
measurement, most lenders and funders will require
a plan before considering a proposal.
With many years of experience in this field, we have
helped our clients to raise the necessary funds to
give them the capital base that their businesses
have needed for successful growth and
development.
7 Meadows Bridge
Parc Menter Cross Hands
Carmarthenshire SA14 6RA
T 01269 834 877
F 01269 834 868
E [email protected]
KRC Chartered Accountants
Tax Planning
Wealth Management
In amongst plans concerning reduction of current and future tax liabilities is the
important matter of managing personal assets, including savings, property, trusts and
investments.
In conjunction with our clients’ lawyers and investment advisors, we are able to
formulate plans that help maximise returns from personal assets and manage their
utilisation and growth in the most tax efficient manner.
Inheritance Tax
Forward planning is essential when seeking to
minimise inheritance tax.
Again, in conjunction with their lawyers and
investment advisers, we help clients to devise
strategies that can reduce inheritance tax
liabilities typically by about £100,000 –
£150,000, and in some cases much more.
Personal Tax
By reviewing individual circumstances we are able
to devise bespoke, comprehensive solutions to
minimise tax liabilities for our clients.
Effective planning can significantly reduce taxation
of savings and investments, income and capital
gains.
Our whole approach when advising on
inheritance, trusts and estates is geared towards
ensuring that the outcome of all plans is in
accordance with our clients’ wishes and, at the
same time, the most tax efficient.
KRC Accountants Ltd.
Company number 07231903.
Registered in England & Wales.
Director: KMA Rahman. BSc(Econ)Hons. LLB Hons. FCCA. ACA
7 Meadows Bridge
Parc Menter Cross Hands
Carmarthenshire SA14 6RA
T 01269 834 877
F 01269 834 868
E [email protected]
KRC Chartered Accountants
Tax Investigations
Tax Tribunals
With tax legislation often being complex and open to interpretation, some areas of
disagreement cannot be settled by merely presenting facts and referring to statute.
In such cases, the statutory meaning of an area of tax legislation requires independent
interpretation and the first port of call for this is with a tax hearing or tribunal.
We have a wealth of experience in fighting our clients’ corner and have a 100% success
rate in defeating all or a significant part of HMRC’s cases.
With skilful handling of cases and negotiating during the inquiry stage, followed by
first-class representation at the tribunal hearing, our clients know that their best
interests are being represented at all times.
VAT
Personal Tax
Traditionally, visits by HM Revenue & Customs’
VAT officers have appeared to be more
daunting to business owners.
Over recent years, there has been a steady increase
in the number of inquiries undertaken by the
Revenue in the wider business community.
Our services ensure that we help you deal with
such exceptions from the moment you receive
a notice from HMRC that your business
records are going to be inspected.
Fortunately, through our efficient management of
clients’ compliance requirements – by producing
accurate accounts and timely filing of returns – the
percentage of investigations undertaken amongst
our core client base remains well below the national
average.
Our experienced specialists ensure that all
matters are dealt with efficiently and that all
records are presented in the correct format. In
some cases we have assisted clients by
undertaking a pre-visit inspection to give
peace of mind before HMRC inspect.
KRC Accountants Ltd.
Company number 07231903.
Registered in England & Wales.
Director: KMA Rahman. BSc(Econ)Hons. LLB Hons. FCCA. ACA
However, if you do find yourself the subject of an
in-depth inquiry by HM Revenue, don’t leave the
outcome to chance. We have many years of
experience in dealing with such inquiries and can
help you survive the process painlessly (relatively!)
and ensure that you do not pay any more tax than
you need to.
7 Meadows Bridge
Parc Menter Cross Hands
Carmarthenshire SA14 6RA
T 01269 834 877
F 01269 834 868
E [email protected]
KRC Chartered Accountants
7 Meadows Bridge
Parc Menter Cross Hands
Carmarthenshire SA14 6RA
T 01269 834 877
F 01269 834 868
E [email protected]
KRC Accountants Ltd. Company number 07231903.
Registered in England & Wales.
Director: KMA Rahman. BSc(Econ)Hons. LLB Hons. FCCA. ACA