Been There, Done That
“When I came to the UK back in 2001, I started working in construction and few years later founded a property development company. The issues that I had with different accountants at the time, made me think about a company that will truly understand CIS contractors and all their needs. TaxAce was started to address these challenges and help building a construction business that grows profitably and sustainably. Hundreds of our clients are a living proof that we delivered on that promise.”
Iurie Bivol, CEO & Founder of TaxAce LTD
Some Of Our Case Studies
CASE 1: No CIS declarations
Uxbridge Builders LTD, Director Ioan Hrezdac
Ioan applied for Accounting services with Taxace LTD back in 2015. He did not agree with the Corporation Tax Calculation following the completion of Annual Accounts by his previous Accountant.
We have reviewed the Accounting period and found out that no CIS declarations were made on subcontractors. Payments for subcontractors were allocated to Director’ Account, thus increasing the company profits by £28’000, and the extra tax liability by £5’600.
We have rectified the Accounts, submitted all due CIS returns, issued subcontractors with CIS deduction statements so they can submit their tax return correctly.
Today Ioan focuses all his energy into growing his business, knowing that a great team is behind him. He was more than happy to recommend our services to all his subcontractors who eventually became our permanent clients as sole traders or limited companies.
CASE 2: Missed VAT refund and CIS losses
DC Basturea Construction LTD, Director Catalin Basturea
Catalin came to see us being confused about his VAT returns submitted by previous accountant, explaining that he never claimed or paid any VAT despite being VAT registered business.
Our checks have shown that all VAT reports were submitted as Nil reports. We had to process all information for the last 12 months and found out that he was due a VAT refund of £5200 from HMRC, which was successfully processed. Also his CIS deductions suffered as were declared incorrectly which resulted in a loss from CIS Claim.
We have corrected CIS submissions and adjusted the end of year CIS Claim.
Following the work, Catalin switched over to us, receiving the full package of Accounting Services.
Value for Money, Flexible Pricing
You are in control of what are you paying for. No end of the year surprise bills or hidden fees. Your proposal is compiled according to your needs and is updated if there were significant changes to company’s situation. The monthly fee for full compliance services package starts at £100 + VAT.
Partnerships and Accreditations
In order to deliver high quality services and to comply with tax office requirements we have established partnerships with reputable accounting software companies such as XERO and ReceiptBank. The AAT (Association of Accounting Technicians) membership and access to professional Croner-I knowledge base gives our clients peace of mind ensuring high standards of tax advice.
In our clients' words
Dynamic UK Contractors LTD
I’m a TaxAce customer since 2007 and never had a single thought to switch over to another accountant. I always get an outstanding level of service, along with a very professional approach, quick turnaround and respect. I’ve got helpful, timely advice whenever I had a challenge in my business. In 2013 I formed a company and since then TaxAce team helped building a business, which I am proud about. Thank you very much Taxace for all your support and unmatched customer care.
I started working with Taxace two years ago and have to say I am very happy with the accounting services they provided for me and my company. Friendly team, high class professionals, they helped me a lot with establishing my business and I am really amazed of their availability to answer my questions as quick as humanly possible.
Request a Proposal for Accounting Services
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