Services
Home / Services
Statutory Financial Statements
We believe in establishing trust through transparency. Whether you are a large company that has been in business for years or a start-up business who is new to everything, Logic Lyfts knows how to straighten things out for you.
Our accountants devise strategies which are future oriented. Our goal is to make sure you comply with all the legal requirements and help your business avoid penalties.
We develop an accurate and meticulous income statement, balance sheet along with the notes including policies. We can create them annually, bi-annually or quarterly depending on the requirement and legal compliance.
Why do you need statutory financial statements?
LYFTS aims to reduce your exposure to unexpected risks and losses. The goal of a financial statement is to not just gain insight on the company, but to also devise strategies to reduce future strain. It also serves as a discerning overview of the company’s financial position to the stakeholders like suppliers, investors and general public.
Our number one priority is to make sure that your accounts are compliant with the statutory requirements and your accounts are thoroughly watched over while you go through this process. An oversight and an expert hand from Logic Lyfts can simplify the legal implications of this process. All the businesses in the UK which are registered with the companies house are required to prepare a statutory financial statement annually, and we are here to accompany you through that.
No matter what the size of your business is, we will mentor you throughout the submission of your statutory statements to the Companies House. As proactive as we are, we will also prepare your statements for HMRC, along with your tax returns.
Logic Lyfts makes sure you comply with all the legal regulations to avoid any fines or penalties.
Corporation Tax
There are a lot of complexities associated with corporation tax. All limited companies are liable to pay this tax based on the profit they make annually. All profits are liable to taxation but as your trusted Accountants, we know how to devise strategies that will help reduce future taxation through allowances and reliefs.
Our team of experts offer a complete range of tax advisory and compliance services that make sure that your company is up-to date with the legal requirements. If you are a start-up business, we will set you up for corporation tax through HMRC.
How do I file a company Tax Return?
Our team is designed to walk you through all the steps of the tax return. The first step includes filing your company accounts with HMRC and Companies House. Your tax returns include your turnover and profit for the reporting period as well as your allowances.
Our experts at Logic Lyfts make sure that your business doesn’t end up paying too much tax and design strategies that mitigate your tax returns. The legal world is getting complicated by the day, and the reporting regulations are growing stern and rigorous. This is exactly why you need a team of specialists that are here for you so you can avoid any harsh penalties.
A helping hand, a mentor and a guide, Logic Lyfts makes sure that your returns are accurate and timely. Our strategies are just as effective as they are efficient. We help you make the most out of tax opportunities and reliefs through effective strategies and business structure understanding.
Our goal is to maximise your retained profit by devising strategies that mitigate your corporation taxes. Your complete cooperation with HMRC is just as important for us as it is for you, so we make sure to act as your representative in meetings.
Tax advisory
We aim to preserve your generational wealth and simplify the complex procedures of taxation and legal compliance. Logic Lyfts is a helping hand which works to maintain a systematic order of things, so you don’t miss any deadlines and face no penalties. Be it capital gains tax, income tax or all kinds of business and personal tax systems. Our team devises strategies that guide you into paying just the amount of tax that is needed. We know how to make the most out of benefits and allowances, so you don’t pay excessive taxes.
Our team is extra diligent into curating solutions for your business that are specialised according to the goals and objectives of your company. We understand that the tax system can be extremely complicated, and our team gets you on the same page as us. You can always rely on logic Lyfts to make the most out of entrepreneurs’ reliefs, so you don’t end up paying more than you should. We are good at what we do, and we are here to prove it.
How demanding can the tax structure be?
Running a business requires concentration and focus. We at Logic Lyfts aim to mitigate all taxation complexities to help you focus on the operations of the business. The HMRC Taxation Rules are always evolving, and our team keeps up with them. We cover all aspects of the tax cycle, from careful tax planning to filing taxes and helping you out with payroll processing. Logic Lyfts elevates your business’s financial health through in-depth analysis.
VAT returns
Be up to date and diligent with your VAT returns and never miss a deadline with Logic Lyfts.
A business is eligible for a VAT return when its taxable turnover exceeds £90,000. To further simplify it, when the sum of everything sold surpasses £90,000, your business is up for a VAT registration. Even when there is a chance of your VAT returns hitting the said limit in the next 30 days, your company should register for VAT.
VAT return policies are constantly changing under HMRC, and businesses have a hard time understanding them. We at logic Lyfts make sure that you are up to date with all the policies and never face any penalties due to late submissions.
What if my company faces an investigation?
If your business undergoes an investigation by the HMRC, we will make sure that you are well-equipped for it. As stressful and worrisome as being under an investigation can get, Logic Lyfts offers a helping hand. We understand the pressure of being under an investigation and how it can affect the operations of the business. We aim to guide you throughout the process of investigation, so your business does not suffer any adverse consequences.
Partnering up with Logic Lyfts means signing up for a trustworthy tax advisor. Your business’s success and legal compliance will always be our top priority at Logic Lyfts and we look forward to working with you.
Self-assessment Tax Returns
Most individuals end up paying way more tax than their liability. Logic Lyfts makes sure that you utilise your benefits and allowances to the maximum extent. Our tax strategies are attuned according to your business needs and goals. Self-assessment is the process of reporting and filing for your taxable income of the year. You must report all your sources of taxable income plus all the allowances or benefits that you gain.
We understand how this can be extremely confusing and one can miss the important deadlines. Logic Lyfts is to work out all your taxable income and oversee any and every relief that applies to you. Contemplating your tax position and clearing all your dues to HMRC is a complicated process and the reporting liabilities are getting narrower by the day. Moreover, delayed and sloppy compliance can also result in penalties and a strained reputation with HMRC.
What can’t I do my self-assessment on my own?
There is nothing wrong with doing your self-assessment on your own but having a trusted team of Accountants can just take the burden from your shoulders. It just gets easier when you have somebody to rely on to deal with your financial complexities. A trustworthy advisor who makes sure you never miss a deadline or face any penalties. Logic Lyfts can handle the entire process of self-assessment for you while also improving your overall financial position.
Book-keeping
Logic Lyfts understands the importance of accurate book-keeping and how important it is to be aware of all transactions in your business. The health of the business depends on how up to date your bookkeeping is. You don’t have to worry about the complications of keeping up with your paperwork because our team is here to get it done for you.
We deal with businesses of all sizes and kinds and are aware of how to tailor our services accordingly. Our accountants understand your company’s goals and services and move forward while being aligned with them.
What does book-keeping include?
Our team covers all the areas that need record-keeping. We are meticulous and proper with our recording and reporting so that you can trust us with everything that we do. Our specialised team will be preparing your end of financial year accounts, VAT returns and almost everything that you need to determine the financial health of your business. Everything will be spick and span for you to pick up from. All your business decisions are influenced by the accuracy of your bookkeeping. Any wrong move can result in huge financial losses.
Logic Lyfts aims to assist you with their diligent Book-Keeping services to keep you afloat at times of investigations.
Business Advisory
We completely understand the need to have a trustworthy business advisor and how having one can completely change your outlook on the financial decisions of your company. We at Logic Lyfts initiate by going through all the needs of your business and then devise policies that support those needs. The presence of a business advisor can mentor you in all your financial planning and you can trust us to have your best interests.
We can guide your day-to-day operations even if you are a start-up business or a strongly established one. We know how to care for a business who comes to us for financial guidance.
What can Logic Lyfts do for you?
We believe in optimization of your wealth. Our team of experts tailors the advice for your business according to your goals and objectives. A business can face many financial problems ranging from below the par performance to wanting to improve the results. A simple jump at growth can require many meticulous strategies at its back. Our advisors work day and night to simplify all the financial complications for you.
Every business faces countless risks and challenges while it is on its way to success. Logic Lyfts provides you with a bird eye view that can often be missed if you are integrated within the system. A third-person discernment to provide solutions for all your business problems. We determine your pain points and work towards making them your strengths. Our policies support you and your goals against problems like debt and working capital problems. Logic Lyfts focuses all its efforts towards finding solutions within the organisation and devising strategies based on that.
Company Secretarial Services
Company secretarial services is a broad array of services. It covers almost all the transactions that happen within your company. Letting Logic Lyfts handle it for you saves you the time and money of doing it yourself or opting for a company-owned advisor. The services we offer range from things as detailed as minutes preparation or filing your forms at Companies House to comprehensive matters like post-merger complications. We deal with the sensitivities of the amalgamation of a business to the complexities of its disestablishment. We are not just your Accountants; we are a team and pretty good at what we do.
What services do we offer?
As stated earlier, company secretarial service is a wide horizon of services. We at Logic Lyfts aim to facilitate our clients as much as we can. We offer all the business services that require keeping up with the paperwork, so any burden is alleviated off your shoulders. We draft and file all your statutory paperwork as well as any appointments or deadlines with the board. We also deal with all the legal compliance of HMRC, so you don’t face any penalties. We also cooperate with HMRC whenever needed so your business is on the right page with the authorities. Advising on the distribution of dividends and share purchasing is all covered under our company secretarial services.
We provide a registered address for your business which is a requirement by the law. The requirement for a registered address is basically indicative of the physical presence of your business. All notices are sent to your registered address and we at Logic Lyfts aim to provide your business with a registered location. It is highly beneficial for international and overseas customers. There are certain perks attached to making your Accountants address your own. The direct link with HMRC and companies house creates a transparent relationship as we will be the ones receiving all notifications.