Accounting & Banking

When you are forming a limited company it is normally required that you open a business bank account. Luckily, Capital Office can provide you with fast track business banking via our professional business banking partner, Barclays.Keeping your business banking separate from your personal banking will make it much easier for you to manage your business cashflow. You will not risk getting business and private transactions mixed up and you will also be able to work out your tax liability at the end of the year without trying to work out if each transaction you made over the year was for business or personal use.The great advantage about using Barclays for your business banking is that they have a fast track option, so we will pass over your details and you can have a bank account up and running within 1 week. Normally business banking elsewhere can take much longer than this. Capital Office pride ourselves in offering the most crucial services that a fledgling business would need when starting up their company, this includes bespoke website design, business banking, mail forwarding, professional telephone call answering specifically tailored to suit your business needs and virtual office services.The business banking service we offer in Partnership with Barclays is a fast track service which is only offered through Capital Office. We aim to get our clients an account setup within 1 week - a lot of normal business bank accounts can take up to 4 weeks to set up and be made available, not many start-up businesses can afford to wait that long, so if you need an account setup quickly, try our specialised fast-track business banking service.Capital Office can also offer you a London Office address with Mail Forwarding, a Registered Office Address service for all your important mail from HMRC and Companies House, and a Directors Service Address to help keep your residential dress off the public register. This can help greatly with a banking application as you can use your prestigious London Address as the registered office address for your business.Capital Office also specialise in Company formations, so if you need to set up a Limited Company, Limited Liability Partnership, Charity, or any other type such as offshore, Capital Office have the experience and knowledge to guide you.Contact Capital Office now for all your business needs.

Fears over a property bubble with over inflated prices causing many people to borrow more in order to get on the housing ladder. It is a 6 year high for residential house sales, the highest peak since 2008.The increase can be related to more relaxed credit lending and a more confident consumer. Over Christmas lending was almost double of that in the same period in the previous year. Growing availability of affordable mortgages has released some pent-up demand from a market that, in recent years, has seen many viable buyers unable to enter the market, said Peter Bolton-King director at RICS.

On the face of it, this seems like good news but unless we see a marked increase in the number of homes coming up for sale we could well be looking at a price rises becoming unsustainable in some areas. Mortgage approvals are on the increase, lending is up approximately 15 percent when compared to the same period in the previous year. If you look further into this, this can also be attributed to government schemes aimed to help first time buyers through shared equity schemes.

Update June 2016:

Mortgage lending rates have seen a fall since the rush to beat stamp duty changes announced in the last budget came to an end. There was a spike in mortgage lending during March as the new higher stamp duty rates changes date approached, followed by a sharp drop during April. These changes caused a rush on the housing market as people were trying to snap up available properties before the stamp duty increases came into effect. According to recently released figures from the British Bankers' Association, a total of 78,301 loans were approved during April, which was down almost 5,000 in number from 82,971 mortgages approved during March. Loan values also slumped, falling to £10.9bn in April from £16.1bn in March. While the sharp rise and fall in mortgage approvals can be attributed to the changes in stamp duty, overall mortgage lending is still continuing to rise quickly on an annual basis.

According to the figures there was a 5,000 increase in the number of loans granted in April 2016 when compared to April last year, and the value of those loans was worked out to be 12 percent higher year-on-year. Landlords scrambling to buy up properties before the extra stamp duty rates came into effect meant that banks and building societies issued more loans during March this year than in any other month since November 2007.Chief economists are predicting a brief slowdown of house sales across the housing market over the next few months as a result of the uncertainty over the EU Referendum. However, they expect a renewed rise in sales and house prices next year as the market settles down. Looking for Banking? We can help.  Check out our Barclays Fast Track Banking service! We are proud to provide all of our clients with Barclays fast track banking.

We understand how important it is to keep on top of your business finances, and that is why Capital Office have teamed up with the UK`s leading Bank and Accountancy Practice. Capital Office can help you get a Business Bank Account through our secure banking partner, Barclays. This is a fast track scheme which is available through us to our clients. To find out more, contact us through our banking introduction page and we will be pleased to offer you our assistance.

Capital Office understand the importance of keeping overheads low when running a small business. We also know that keeping up to date financial records for your business is vital to help avoid any penalties from HMRC. With this in mind, we now offer affordable accounting services for small business owners who may struggle to find the time to keep track of all their business transactions.

Low Cost Professional Business Accounting in London

When you begin trading, it makes a lot of sense to get your business accounts sorted out as soon as possible to keep track of your daily finances as well as prevent yourself from becoming bogged down with too much paperwork. You can save yourself a lot of time and effort by keeping on top of your accounts, but we understand that sometimes it can be a struggle to juggle so many jobs all at once. This is why investing in our low cost expert business accounting services can save you so much stress, especially when it comes to those dreaded tax returns! When it comes to the Tax man our accounting team knows best! Don't struggle along trying to do everything by yourself - if you need more help or advice, do not hesitate to call us.

Capital Office provide top-class business accounting services all across London as well as on a national level. No matter where you are based in the UK, our team of fully trained and experienced accountants can help alleviate any issues you may be facing. We aim to make your accounting process as easy as possible by taking it completely off your shoulders, so you can be left free to concentrate on building your business. You can get a FREE QUOTE from us - so why wait? Let us take the strain of completing your business accounts completely off your hands.

Self Assessment, Are You Ready?

The online filing date for self assessments is 31st January, so make sure you have everything filed to avoid late filing penalties! If you need help or advice with working out your finances and filling out your return, get in contact with us today. Our team of experienced accountants can help advise you on what is needed and how much it will cost. As the deadline for self-assessment tax returns fast approaches each year, HM Revenue & Customs (HMRC) are geared up and waiting for the deluge of millions of documents to come flooding into their offices and digital submissions to hit their accounts. Remember that if self assessment tax returns are not in by 31 January, millions of people will face a £100 fine if they do not get their forms in before the midnight deadline.

Don't be one of them! However, don't panic if you are one of those people who tends to procrastinate over their self-assessment submissions and always leaves it until the last minute. We are here to help take the stress out of the process for you, so whether you are simply too busy with your business to spare the time to complete your assessment, or you find the whole process confusing, we can help. Just give us a call on 0207 566 3939 to chat to one of our friendly team members, or alternatively fill out our contact form here, and one of our advisors will get back to you very quickly. It is better to be safe than sorry, and although it is a very British trait to leave things until the last minute, getting your self-assessment submitted in plenty of time can really take the weight off your shoulders.

Did you know that figures from HMRC shows a massive 569,847 self-assessment tax returns came in on the deadline date in 2014?I don't know about you, but I don't want to cause myself any undue stress by leaving it so late just in case something happens at the last minute that may prevent me submitting on time. What if you fall ill or your internet goes down? Yes, there may be lots of genuine reasons for not meeting the deadline date, but most are preventable by submitting self-assessment returns in plenty of time instead of risking it by leaving it so close to the deadline. Here are some prime examples submitted to HMRC of excuses given for missing the 31st January deadline: (Taken from the HMRC website).

1.) My pet dog ate my tax return... and all the reminders.

2.) I was up a mountain in Wales and could not find a postbox or get an internet signal.

3.) I fell in with the wrong crowd.

4.) I have been travelling the world, trying to escape from a foreign intelligence agency.

5.) Barack Obama is in charge of my finances.

These are pretty poor excuses to use and I am sure each person using these were landed with a £100 penalty for late delivery. Why leave it to chance? Let us help you to get your self-assessment filed away and off your mind. Contact us today.