Welcome to cocoaccounting!  We are accountants with extensive professional experience working in both practice and business who take pride in offering a wide range of accounting and commercial services at highly competitive rates.  The quality of our work is underpinned by the qualifications, experience and dedication of our team – our competitive rates by our low overheads.  Our team works collabouratively from home offices, so we don’t service expensive business premises. 

We provide services for individuals (self-assessment), unincorporated businesses (sole traders and partnerships) and limited companies, ranging from commercial services, bookkeeping and payroll through to the production and filing of annual accounts and tax returns.  Further we can act as your vitual finance director on a part-time outsourced basis.  Please review our range of services below and if you are interested in finding out more about how we work and what we can offer we look forward to hearing from you.

 

Auto enrolment

Whilst the motivation behind auto enrolment is undoubtedly well intentioned, the regulations add to the administrative burden placed on small businesses of which around 700,000 will be impacted by auto enrolment over the coming year. If your business is one of these now is the time to start preparing, as the timescales for setting up a compliant pension scheme are measured in months rather than weeks – in fact good advice is to set the ball rolling at least six months in advance of the business’s ‘staging date’ (the point at which auto enrolment duties legally kick in).

 

Making tax digital (MTD)

In the March 2017 budget the Chancellor made the welcome move of delaying the roll out of MTD to April 2019 for smaller organisations with turnover greater than £10,000 but under the VAT threshold.  At that point there will be the requirement for quarterly reporting of taxable profits and so accounting software will be required fit for this purpose

 

Landlords

 

Landlords are significantly impacted by recent tax changes, including new rules being phased in for the relief of mortgage interest and the introduction from April 2016 of replacement of domestic items relief.