Patton Rainey and Associates have knowledge and practical experience in a range of industries including retail, construction, agriculture, motor and health sector.
Our team are on hand to offer guidance and advice with audit, accounts preparation, taxation and other business advisory services.
In order for businesses to thrive and grow it is vital that they have accounts that reflect the performance of their trade and can identify any areas of weakness or potential growth. We have experience in a variety of sectors and strive to not only help you meet the annual accounting requirements but to help you understand your business and make sure you are reaping the benefits of your hard work.
Our staff prepare accounts for sole traders, partnerships, limited companies, clubs and charities. From new start ups to well established businesses we can offer advice and support.
Our Audit Team are qualified and experienced in statutory audits and corporate governance. Our audit clients come from a variety of industries including building and construction, motor and agriculture. The audit team ensures that all clients are compliant with the latest accounting and audit guidelines.
We aim to help clients minimise their tax burden by helping them understand complex tax legislation and maximise any tax advantageous claims they are entitled to.
In particular we deal with:
Business structure and the method of cash withdrawal all impact on disposal income. Careful tax planning can ensure cash is withdrawn from businesses in a tax efficient manner. We also prepare Income Tax Returns for non-business clients.
We prepare corporation tax returns and together with our expert associates we have secured substantial tax savings for several of our clients through complex Research and Development claims and enhanced capital allowance claims.
Careful tax planning can help ensure that your beneficiaries receive as much of your wealth as possible by utilising the inheritance tax exemptions and reliefs which are available.
Capital Gains Tax
Some tax planning before completing a sale can result in clients paying less capital gains tax and having more funds available for themselves. Whether it’s incorporation, disposal of assets or retirement we can help you plan.
As well as preparing VAT Returns we can offer advice on partial exemption, distance selling, Options to Tax and different VAT rates which are applicable. We are fully up to date with the latest Making Tax Digital regulations and implementing processes to limit the burden on clients.
PAYE and CIS
Our PAYE bureau can process your wages and CIS returns. We are compliant with Real Time Filing and Auto enrolment requirements.
We also offer advice and support on other matters such as Tax Credit claims, business valuations, business plans and tax investigations.
We can assist with company formations and business start ups including VAT, PAYE and self assessment registration.