Our Services

By working closely with our clients and providing an extensive range of tax advice, Thompsons has the proficiency required by both corporate and private clients to help them navigate and comply with the ever evolving taxation landscape.   In making sure that we provide you with cost-effective tax planning advice we can also explore a comprehensive range of tax issues, including:  

• Capital gains tax planning to maximise the use of reliefs and beneficial rates
• Advice on pension planning and planning for your retirement
• Inheritance tax and estate planning, including trusts
• Tax efficient remuneration

We are able to act as your agent, allowing us to discuss your affairs directly with HMRC ensuring that any queries and correspondence are properly dealt with on your behalf.

Our vast client base demonstrates that we have the experience and expertise at hand to deliver quality advice to a wide range of businesses at all different levels.

Thompsons dedicated individuals take time to listen to the needs of our clients and encourage open communication to help give the best and most appropriate advice on how to take their business forward.

Thompsons prepares annual accounts and management accounts for clients ranging in size from £5k to £10m turnover, across a variety of sectors. All of which are owner managed, thus, relying heavily on our personal touch.

Up-to-date financial information is key to the efficient running of your business. Management accounts provide a vital source of financial data and can ease the burden of future decision making.

At Thompsons we are able to prepare management accounts to suit your needs, whether they be monthly, quarterly or even sporadically throughout. We firmly believe that measuring actual performance against financial targets is a great stepping stone to understanding the drives of your business and its industry.

As well as supporting informed decision-making, comprehensive, current management accounts can also be a valuable tool when trying to source business finance.

We will take the stress out of preparing your businesses annual accounts while at the same time adding value to your business by offering proactive and early advice on all matters, even those effecting future years.

Because we pride ourselves on knowing our clients and their businesses inside and out, we are ideally placed to prepare and interpret your accounts in the context of your business needs and the bigger economic picture.

The right bookkeeping package can give you invaluable insight into your business, improve performance and allow you to run your business anywhere. Cloud bookkeeping allows you to connect and collaborate online with others including Thompsons, who can give you advice in real-time about your business.

We support and are experts in a range of online accounting packages, including Xero, QuickBooks, Sage and FreeAgent meaning we can match you to exactly the right software for your business and be on hand for any and all training requirements and ad hoc queries throughout the year.

Outsourcing your payroll to us means that you have the time to concentrate on running your business, confident that you’ve got payroll matters covered.

With payroll and auto-enrolment pension legislation becoming more complex and constantly changing, leave us to deal to navigate keeping your business up to date and compliant.

Our tax team are experienced and personable, plain-speaking professionals who translate intricate tax legislation into easy to understand language.

Thompsons combines R&D tax expertise alongside our extensive experience of owner managed businesses to maximise R&D claims. 

We know more about how our client businesses and tax matters interrelate with R&D tax credits claims – be it, their business structures or remuneration of key directors, many factors can have a significant impact on the level of qualifying expenditure with Thompsons priding itself on being able to look at the wider picture for its clients.

Getting started is often the biggest hurdle of them all, understanding whether you are better starting as a sole trader or Limited company, or joining up as a partnership or LLP, we have vast experience in assisting start-ups from advice of the most appropriate, cost effective, and tax efficient structure to operate under, to how to bookkeep and keep records in good order throughout the year, to financial forecasting and attracting investment through Venture Capital Schemes.

Tax investigations can be intimidating and are often avoidable. To help protect yourself, it’s best to seek expert advice as soon as possible.

For anyone, the knowledge that you are facing a tax investigation is frightening. Accepting and facing an investigation head-on is the best way to deal with the situation. It’s worth taking specialist tax investigation advice on how to respond to requests from HMRC for information and documentation.

We can help with tax investigations as follows:

• Preparing and presenting information in correct formats
• Communicating with HMRC
• Attend meetings with HMRC on your behalf
• Negotiating on settlements, interest, and penalties
• Maximising payment terms on behalf of our clients

We understand that bookkeeping and VAT Returns are a time consuming task that puts a strain on small business anxious to maintain and grow. Our priority is not only to get your books in order, but to ensure they remain that way. We strive to keep your business compliant and growing. Our bookkeeping includes:

• A dedicated, one point of contact expert, in house at our Thompsons offices
• Full detail and classification of all receipts and payments
• Capitalisation and listing of all assets
• Accurate and correct categorisation of all goods and services sold/bought throughout the year
• Your books complying with the Companies Act
• Logging of purchases invoices and supplier balances
• Filing of your VAT returns on time