Oury Clark Chartered Accountants A new approach to professional services - A full service accounting practice. Specialist in helping business set up in the UK.

Bookkeeping, Invoicing, VAT Returns, Management Accounts

• Bookkeeping and data imputing services
• Preparation of periodic management accounts
• Interpretation of management information
• Preparation and submission of VAT returns
• Invoicing
• Credit control
• Year end statutory accounts

Hedge Fund Manager Services

Oury Clark Accountants, together with Oury Clark Solicitors, provides a comprehensive and cost effective service.

• Management and year end accounting
• Payroll
• Bookkeeping, invoicing, VAT Returns, management ac
• Company secretarial
• Statutory Accounts Preparation
• Tax advisory and compliance
• Forecasting and monitoring
• Business continuity
• Employment advice and contracts

Company Secretarial & Registered Office Facilities

We are happy to provide Company Secretarial services to your business and to provide our address as your Company’s Registered Office.

Credit Control Management & Outsourcing

Are you funding your customers' businesses unnecessarily?

We have a professionally qualified credit control team.

Thanks to our relationship with Oury Clark Solicitors, we can follow a debt through from start to finish.

• Invoicing
• Credit Control management
• Credit Collection

Payroll

Dedicated payroll professionals offering fully comprehensive, and tailored packages.

• Registering new payrolls with the Inland Revenue
• Complete set up for new payrolls
• BACS payments
• Preparation and processing of payrolls for any period of time
• Full itemised payslips
• Preparation and submission to the Inspector of Taxes forms P35, P14, P60, P45 and P46
• Assistance with preparation and submission of form P11d
• Calculate and make payments of statutory sick pay and statutory maternity pay
• Detailed management reports
• Processing payrolls for all types of employees
• Employment law
• Employment contracts
• Pensions
• Employee benefit packages
• Taxation advice to foreign individuals.

Auditing

As well as the traditional Statutory Audit, Oury Clark is also able to address these areas:

• Corporate structure
• Corporate responsibility
• Transaction systems
• IT security
• Facilities management
• Human resources

Company

We offer business recovery and formal insolvency options to companies who find themselves in difficulties or are simply looking to restructure or reorganise their current businesses.

The available options range from formal procedures such as Administrations and Company Voluntary Arrangements to informal arrangements and refinancing.

Where a rescue of the business is simply not viable we can then provide a swift, professional and sympathetic close down of the business using a formal insolvency process such as a Creditors Voluntary Liquidation.

We offer a restructuring service to small and large group companies alike. Whether it be the removal of the redundant subsidiaries of a large plc or the reorganisation of a SME business.

Creditor Services

Oury Clark is a firm of Chartered Accountants with offices in and around London. We are ideally placed to attend to the needs of creditors in and around the South East.

We will attend and report on the conduct of creditors meetings for any creditor who wishes to ensure that their interests are looked after.

Often recoveries result from setting aside transactions undertaken by parties controlling the assets such as Transactions at an Undervalue, Preferences, Transactions Defrauding Creditors, which are not in the best interests of creditors. We would additionally look for hidden assets, antecedent transactions, wrongful or fraudulent trading and various forms of misfeasance or breaches of duty to see if further recoveries were possible.

Individual

In relation to personal insolvency (be it as a sole trader or in a partnership), where bankruptcy is unavoidable we will explain the duties of a bankrupt but it may be possible to avoid bankruptcy by way of an individual voluntary arrangement. We can arrange a members voluntary liquidation where the company is solvent so that an early distribution to creditors can be made.

We can also act as administrative receiver for debenture holders who wish to place a company into administrative receivership if they are experiencing financial problems with a debtor company.

Business Tax

Corporation tax applies to companies, whilst sole traders and partnerships pay income tax.

We can help you with:

• Annual tax compliance
• Tax planning for companies and other businesses
• Buying and selling businesses
• Tax planning for groups, including mergers, demergers and reconstructions
• Conversion of partnerships and sole traders into limited companies
• Capital taxes
• Research & development tax credit claims

On an international level, we have experience of working along side advisers in other jurisdictions and can assist with:

• International structures
• Transfer pricing and thin capitalisation
• Taxation issues for overseas employees

We can help businesses to look after that most vital of resources, their staff, with advice on:

• Payroll taxes
• Employee benefits and taxation
• National insurance planning and compliance
• Share and bonus schemes for employees and directors
• Tax planning for directors, partners and sole traders
• Succession planning

Customs Duties

All goods imported into the EU will be subject to Customs procedures, and import duty and VAT may be payable before the goods are allowed into free circulation.

Without proper preparation this can mean your goods are literally stuck on the dockside.

We can also help you with Customs Duty reliefs such as inward processing relief, temporary importation relief, etc. and advise on other potential duty mitigation planning. We can help with duty deferment and other warehousing procedures to ease the cash flow burden of your duty liabilities.

Indirect Taxes

Most people are aware of Income Tax, Corporate Tax, and even VAT, and most people will come into contact with the other main indirect tax; Stamp Duty Land Tax.

There are an increasing number of other “indirect taxes”, often with environmental objectives, which a few businesses are subject to.

We can advise on Stamp Duty Land Tax, for both individuals and corporate, and identify tax mitigation opportunities where appropriate.

We also have indirect tax practitioners who have the knowledge and expertise to advise in the lesser know areas of taxation - including:

• Land fill tax
• Aggregates levy
• Climate change levy
• Air passenger duty
• Insurance premium tax

Inheritance Tax

We can help you by:

• Reviewing your current tax exposure
• Providing advice in relation to structuring your estate to make best use of the available allowances and reliefs
• Suggesting tax efficient investments in conjunction with our financial planning department

Investigations

If you are unfortunate enough to be the subject of an investigation being worked with a view to prosecution, we can work closely either with your own lawyers or solicitors in our associate law firm to ensure that you are properly represented.

Migrants & Tax

If you are coming to the UK whether on secondment from your employer or looking to set up in business in the UK or are simply looking to establish a home in the UK we can advise on and help with:

• Tax efficient remuneration arrangements
• Sheltering capital and income from the UK tax authorities
• Structuring your affairs so as to minimise exposure to UK inheritance tax (death duties)
• Completion of relevant forms notifying the UK tax authorities of your arrival
• Completion of UK tax returns during your stay in the UK

If you are leaving the UK, we can advise on and help with:

• Inheritance tax planning
• Arrangements to mitigate unnecessary overhang of UK taxes
• Completion of relevant forms notifying the UK tax authorities of your departure

We also specialize in advising non-domiciled individuals who are resident in the UK and also on offshore arrangements generally.

Personal Tax

Working closely with our independent financial advisers ensures that your tax affairs and any tax planning measures are tailored to your financial position. Any individual, be they a company director, self-employed, or retired, will invariably have personal tax circumstances.

We can help with such things as:

• Completion of your tax return
• Planning for asset disposals
• Remuneration planning
• How to pass assets on to your children/grandchildren via trusts and similar mechanisms
• Financial provision for children/dependents
• Helping you to utilise all the tax breaks that are available
• Minimising your overall tax burden/exposure
• Estate planning
• Inheritance tax
• Capital gains tax implications

Tax planning for non-domiciled UK residents

Although Finance Act 2008 introduced some wide ranging changes to the taxation of UK tax residents with an overseas domicile there are still tax planning advantages to be enjoyed particularly for those who have been resident here for 7 years or less.

Examples of some of these advantages are:

• No tax on offshore income or capital gains unless remitted to the UK
• Exposure to Inheritance Tax limited to UK situs assets for first 16 years of being a UK tax resident
• Establishment of offshore excluded property trust to shelter non UK assets

If you are considering a move to the UK it is often critical that some tax planning measures are put in place prior to your move here

VAT

VAT is one of the most complicated and potentially costly areas of taxation in the UK and Europe. It is an area where sensible forward planning can make all the difference, particularly for businesses involved in cross border transaction or making one off transactions which are outside the normal course of their business.

We can help with:

• VAT registrations and compliance
• Advice on cross boarder transactions and international aspects of VAT
• VAT on property transactions
• VAT on business acquisitions or disposals
• VAT compliance reviews and advice
• VAT enquiries

International Corporate Structures

Many large international groups of companies have low tax jurisdictions somewhere within their corporate structures. These can be very effective at reducing the overall tax burden on multi-national groups.

Nominee Facilities

We have accredited experts, partners who are members of the Academy of Experts and/or the Expert Witness Institute.

Offshore Companies & Trusts

Directors and Trustees of entities in offshore environments have to have control of the entity’s assets for many structures to work.

We have trusted advisors in most reputable low tax jurisdictions worldwide and can arrange for companies, Trusts and other entities to be formed as required.

Tax Planning for Non-UK Domiciles

There are many tax advantages that can be enjoyed by non-UK domiciliaries living in the UK.

The most effective planning must be done before an individual takes up residence here. As with most offshore tax planning, it is preferable to get the structure in place as early as possible, so that as much as possible of future value created can be sheltered, as far as it is possible to do so legitimately.

Examples of advantages to be enjoyed by non-UK domiciliaries are:

• No UK Income Tax on income arising outside the UK unless the income is remitted here.
• Assets settled in Trust before becoming a UK resident can remain outside of the UK Estate for Inheritance Tax purposes.

Litigation Support

Often it is anonymity that is just as important, if not more important, than tax issues when dealing with international structures.

It is the professional advisor’s nominee entities that will appear on public information records such as Company Registries.

However, it is important to note that we only deal with genuine tax planning opportunities with commercial viability. We will not get involved in tax evasion or non-disclosure where disclosure is required by law. While nominee facilities may provide anonymity to the public at large, the regulators of most low tax jurisdictions will demand to know the beneficial owners of entities residing in their jurisdictions.

Share/Business Valuations

We are regularly instructed in valuation matters, often for litigation purposes, such as matrimonial proceedings or s459 actions, but also for non-litigious purposes, such as agreeing values with the Inland Revenue for share schemes or demerger.