Chartered Accountants - Preston, Lancashire

Whatever your accountancy needs are, Whitehead & Aldrich, a proactive firm of Chartered Accountants in Preston, can help you.

We offer accounts, audit, taxation, business advisory and support services to both long established and new clients. We are based in Preston, yet we actively work with clients all around the North West.

We provide a cost-effective, high value accountancy solutions to meet all of your financial needs. We pride ourselves on our personal service, specialist advice, adherence to timetables and competitive pricing.

So, if you're looking for an accountant in Preston, call us now on 01772 259625 or email us at info@whiteheadandaldrich.co.uk.


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Xero Accounting - Online Accounting Partner

Xero

Whitehead & Aldrich is partnered with the award winning Xero online accounting system. Xero is an easy to use but powerful online accounting system that’s designed specifically for small and medium businesses like yours. Xero provides you with a view of your financial information in real-time.


Business Start-Up AdviceBring us your business ideas and we will help you to make them a reality...

Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. However, they may not be experts in the legal and financial aspects...

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Bookkeeping & PayrollHighly trained professional accountants, no matter what size of business...

Managing your business payroll in-house can be complex and time consuming. Whitehead & Aldrich can take responsibility for your business payroll service and take the worry off your shoulders so that you can concentrate on...

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Taxation ServiceUp-to-date, experienced and focussed on the issues that really matter...

We have over 100 years’ experience as tax advisers. Our objective is to work closely with you to help you to understand the tax implications of your actions, in order that you can plan ahead...

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The current hot topic

Making Tax Digital

HMRC have issued a series of consultation documents outlining further plans for the government's Making Tax Digital (MTD) initiative.

HMRC have published six consultation documents on MTD. The six consultations set out detailed plans on how HMRC propose to make tax digital and to simplify the tax system. The consultations look at the following areas:

  • How digital record keeping and regular updates will operate - this considers compulsory digital record-keeping and quarterly 'updates' to HMRC and an End of Year declaration within nine months of the end of the period of account.
  • Options to simplify tax for unincorporated businesses, including changes to basis periods, extending cash basis accounting and reducing reporting requirements for unincorporated businesses.
  • Extending cash basis accounting to unincorporated property businesses.
  • Voluntary pay as you go arrangements, where taxpayers can pay what they want when they want, subject to the normal payment on account rules. Regular direct debit arrangements and quarterly payments on account are also being considered.
  • Changes to tax administration, including changes to the enquiry regime, penalties for late submission of quarterly updates and End of Year declarations and also the late payment of tax.
  • How HMRC will make better use of the information which they currently receive from third parties, including updating of PAYE codes more regularly and coding out of bank interest via PAYE.

Commenting on the plans, Jane Ellison Financial Secretary to the Treasury said:

'This new system will make the UK's tax administration more efficient and straightforward and will offer businesses greater clarity when it comes to paying their tax bills.'

However professional bodies have expressed their concerns about HMRC's proposals. Frank Haskew, Head of the Tax Faculty at the Institute of Chartered Accountants in England and Wales, said:

'This is not the time to be rushing through fundamental changes to business processes that are likely to result in major upheaval and extra costs, especially when the business benefit to the UK has not been clearly demonstrated.'

Under the Government's plans, the changes to the tax system will be introduced gradually between 2018 and 2020. We will keep you informed of developments.

Internet link: GOV.UK MTD