At Horsfield & Smith, we know that behind every successful business lies a strong foundation of financial clarity and compliance. Our bookkeeping services in Manchester are designed to do more than manage your records – they empower business owners to make informed decisions, optimise tax and prepare for year-end with confidence.
Whether you run a small business, a partnership, or a limited company, strategic bookkeeping is essential. Our expert team ensures that your accounts are accurate, up-to-date and fully integrated with payroll, VAT and broader financial reporting.
Tax-efficient income management with bookkeeping services in Manchester
Accurate bookkeeping gives you real-time insight into your income, helping you:
- Utilise your full personal tax allowances (HMRC guidance).
- Transfer income-generating assets between spouses or civil partners to minimise tax liabilities.
- Pay family members a salary for genuine work, recorded through compliant payroll systems.
Our qualified bookkeepers ensure that all entries are correct and ready for HMRC scrutiny, giving you peace of mind during tax season.
Benefits in kind: keeping compliance simple
Tracking expenses accurately supports:
- Correct mileage and trip logging to validate business journeys.
- Reimbursement of private fuel costs to avoid benefit-in-kind charges.
- Low-value beneficial loans to employees under £10,000.
With support from our dedicated team of bookkeepers, compliance and clarity are seamless and your employee records remain accurate for both payroll and HR purposes (HMRC BIK guidance).
Pension planning integrated with bookkeeping
Annual pension contributions can provide significant tax advantages. Our bookkeeping services ensure you:
- Stay within the £60,000 annual allowance for 2023/24.
- Accurately process employer contributions while maintaining cash flow.
Integration with payroll and accounting software ensures smooth management and accurate reporting.
Capital gains and strategic asset management
Using precise bookkeeping systems, you can:
- Maximise the £3,000 CGT allowance for 2024/25 (HMRC CGT).
- Defer disposals of chargeable assets to optimise tax positions.
- Align gains with unused basic rate bands.
- Plan for business exits to ensure eligibility for reliefs.
Our UK payroll and bookkeeping integration means all financial movements are recorded, helping you plan strategically.
Inheritance tax: protecting your legacy
We assist with planning and documentation, including:
- Lifetime gifting strategies and utilisation of IHT exemptions.
- Recording gifts to spouses, charities or via trusts.
- Guidance on business and agricultural reliefs.
Accurate bookkeeping ensures that your estate strategies are both compliant and effective.
Year-end planning for sole traders, partnerships, and limited companies
Your accounting year-end can be as important as the tax year-end. Our bookkeeping services help you:
- Defer income or accelerate costs to optimise corporation tax returns.
- Plan bonuses and dividends strategically.
- Record purchases of replacement assets for rollover relief.
- Structure early trading losses for new ventures.
Whether you’re preparing VAT returns or year-end filings, our team ensures clarity and control.
Dividend versus bonus: maximising tax efficiency
Our advisory team works closely with your bookkeeping system to:
- Review shareholder and director remuneration strategies.
- Determine the optimal mix of salary, bonus and dividends.
- Ensure compliance with Companies House and HMRC reporting requirements.
By aligning bookkeeping with financial strategy, we reduce errors and improve decision-making.
Why choose Horsfield & Smith for bookkeeping services in Manchester?
We’re more than bookkeepers – we’re chartered accountants and growth-focused business advisers. Based in Bury and serving Greater Manchester for over 100 years, we offer:
- Fixed-fee bookkeeping options.
- Full integration with payroll, VAT, tax and compliance.
- Reliable support for year-end reporting and tax submissions.
- A dedicated team of payroll experts and bookkeepers focused on your success.
Our services are highly recommended by local businesses that value precision, proactive support and financial clarity.
Outsourced bookkeeping and advisory support
Whether you need to outsource your entire finance function or simply want better clarity in your accounts, our services are designed to deliver results. Additional support includes:
- Accounting services for integrated financial management.
- Tax planning, cash flow advice and business advisory to guide growth.
- Guidance for year-end reporting and strategic decisions.
Partnering with our team ensures that bookkeeping and accounting processes are efficient, compliant and aligned with your long-term business goals.
