Abu Umar & Co.

Services

TAXATION / ACCOUTS

Support - Advice - Compliance - Strategy

To make life simpler, to ease your burden, to assist you in planning ahead and staying in control - our comprehensive range of taxation services can help you achieve all this, and much more.

CORPORATE TAXATION : Whether calculating corporation tax payable on profits and agreeing the liability with the Inland Revenue, or advising on the tax consequences of mergers and acquisitions, our professional tax specialist will offer you the best advice.
PERSONAL TAXATION : Designed to minimise liabilities while ensuring compliance for income tax, capital gains tax, National Insurance and PAYE, our services cover individuals living or working in the UK. We also handle the tax affairs of overseas landlords with taxable property in the UK. We submit tax returns through Inland Revenue's Electronic Lodgement Service (ELS).
TAX ENQUIRY : We specialise in representing clients' under Inland Revenue's tax investigation for a very competitive fee. It should not cost you an arm and a leg to organise qualified and experienced representation.
INHERITANCE TAX : Never too soon to start planning, our tax specialist will guide and advise on ways to minimise or avoid this tax. We'll help you plan your estate as you move through the various stages of your life so that you do the right thing at the right time for the right people. Working closely with lawyers, we also offer a cost-effective Wills service.
VALUE ADDED TAX : The most complicated and often dangerously ignored tax, we'll take the burden off your business shoulders. We'll advise, plan and act on everything from knowing when to register, planning transactions, when and on what VAT is payable, organising and completing quarterly returns etc. In fact, our team is ready to advise on the correct treatment of VAT in a whole host of circumstances.

VAT & BOOK-KEEPING

Strategic Management to Stay In Control

STATUTORY ACCOUNTS : Have to be prepared for all UK limited companies and many other corporate bodies, including charities. These must comply with the latest legislation and accounting standards - making a task which may be onerous and time consuming for clients, a routine affair for us allowing you to make more productive use of your time. But a business cannot be run on annual Statutory Accounts alone.
MANAGEMENT ACCOUNTS : Are vital to the successful managing of your business during periods of growth or contraction. When organised to an efficient time schedule and produced on a monthly or quarterly basis, they will provide valuable information to help you monitor the results of your business and maintain a tight rein on the activities. In other words - they will enable you to stay in control. They will give you the hard facts about your business performance as it happens.
Supply detailed information to help, for example, track the rise and fall in sales and profit margins to determine which individual products or services are performing well or poorly.
Provide management information on a regular, timely basis covering vital data such as weekly/monthly sales figures, overheads, variances on budget, prior year comparisons, gross margins, aged debtor analysis, stock turnover and so on - all at the push of a button when run on a computerised accounting package.
By providing management reports on a regular basis, and installing the proper accounting systems to automatically extract key information, we will do what we do best - help you realise your full business potential.

PAYROLL BUREAU SERVICES

Consisting essentially of Payroll and Accounting Services, our Bureau Services are proving increasingly popular with businesses seeking to ease their own compliance and administrative burdens in the most cost effective manner.

PAYROLL SERVICES : Whatever the staff levels of your business and wherever you are located, we can prepare your payrolls and offer a total service that includes all end of year forms, payment by giro or BACS (additional fees payable for Giro and BACS).
ACCOUNTING SERVICES : From information supplied by you, we will maintain your accounts on our computer system and produce management accounts and other essential management information on a regular basis. This is an alternative to outsourcing where the volume of information is such that it can be easily transported to our office.

TRUSTS

Our extensive contacts and close working relationships with lawyers and others, coupled with our knowledge of our clients' financial affairs, allows us to provide a comprehensive and expert Trusts Service.

TRUSTS GENERALLY : Trusts are created for many purposes including the benefit of children, charities etc. We will advise on all issues relating to establishing a Trust and deal with all aspects of running that Trust, including Trust accounting, auditing (independent of us), taxation issues and management generally. We will also act as trustees if required.
ESTATE PLANNING : Our knowledge of our clients' financial position means that we can easily advise on the best way of planning their affairs to minimise the effects of Inheritance Tax on their estate. This includes a regular review of wills to ensure that they are kept up to date with changes in legislation.
EXECUTORSHIP : Because of our intimate knowledge of our clients' financial affairs, we may be appointed executors to wills. This places us in an excellent position to administer their estate quickly and efficiently.
SERVICES to SOLICITORS : we work closely with our clients' solicitors and we also provide services direct to solicitors covering Trust accounting and taxation.

OUTSOURCING

Cutting Costs - Saving Time - Harnessing Resources
Not surprisingly, an increasing number of our clients, see outsourcing as the most efficient and cost effective way of running their accounts and bookkeeping operations.

Our service will enable you to cut overheads, remove employment burdens, identify specific work schedules, which will be completed by fully trained professionals. This will mean that you can save time and money to allow you to maximise your business. In short, no baggage. It's a great deal.

We can...

PROVIDE you with internal bookkeeping either at our offices or your premises.
RUN your entire accounts department with our team of selected, trained professionals - everything from payroll, banking, cheque payments, sales invoice generation, data entry, reports, management figures, etc.
SUPPLY cover in emergencies - when staff are absent or there's a work overload.
ASSIST you in making important strategic decisions by meeting you on a regular basis to overview your business, its performance and its future strategy.
OFFER this service at a fixed price - so you can more easily judge the cost/benefit and concentrate resources on making money and business growth.

BUSINESS PLANNING / ADVICE

We Make It Our Business To Understand Yours
Business strategy, business planning - key phrases in starting, growing and maintaining a successful business. At Omega's, first hand strategic business advice is delivered by a professional team whose role is to understand your business, your marketplace, your goals and help you identify the best route to realising your full commercial potential.
Through, for example:

BUSINESS PLANS : Where we will help you devise the right plan to match your specific needs, whether for a new business or for further investment in an existing one. Essential to clarifying objectives, usually vital to securing funding from lending institutions we will work with you to create a achievable plan that adapts to meet changing circumstances and takes advantage of emerging opportunities.
BUSINESS FINANCE : Do you need to borrow, and when? Should it be a loan or an overdraft, or both? What about hire purchase to buy machinery, or perhaps equipment is best leased? Possibly a loan guarantee scheme would be ideal at this time? And over what periods should you borrow, and what on terms to best suit your planned business demands? We have the experience - and all the right contacts in all the right places.
CASH FLOW : Because, as every businessman knows, Cash is vital for survival and growth. We can help you stay in control with regular cash flow forecasts. We'll analyse business performance on a detailed monthly, quarterly, annual basis, help you understand what cash resources you have, how to utilise them and how to prevent unnecessary extra borrowing. In short, we'll help save you money.
BUDGETING : Along with cash flow forecasts, we'll work with you to supply budget plans on a monthly, quarterly and annual basis. Plans that work at the detail and help iron out the trading troughs from the peaks, tidily synchronise such things as income and payment patterns and maximise business performance

COMPANY SECRETARIAL

Another example of our comprehensive range of services, we can take the administrative and statutory weight off your shoulders.

COMPANY FORMATION : Extending to most jurisdictions of the world, we can form a company for you, check on name availability and whether the name is protected by a trade mark. In addition, we can arrange trade mark protection for your chosen name.
STATUTORY WORK : We can shoulder the administrative aspect of having a limited company through the maintenance of the statutory books, filing of returns, etc. And, if needed, we can even provide a registered office and company secretary.
ADVICE : We can advise on most aspects of company law, whether you want to issue new shares, remove a director, change the rights attaching to shares, etc.

CONSULTANCY

Strategic Planning - Tactical Advice - Maximising Wealth - Professional Service
It's Everything We Do
We understand your business, your markets, your industry or commercial
sector - and we are therefore able assist you to solve problems, create solutions, unearth opportunities, maximise potential.
It's what we're good at. Everything, in fact, from:

IDENTIFYING your goals and how to achieve them.
PLANNING your strategy across every aspect of your business and financial operations.
RAISING FINANCE from the optimum source at competitive rates and at the right time to enable your business to grow and prosper.
DESIGNING systems, programmes, packages to meet your identified needs.
COMMUNICATING at every level to ensure opportunities are not missed.
DEVELOPING your potential.
MAXIMISING business growth, sales and profits.
SAVING you time so you can better utilise resources.
BUILDING platforms to realise your ambitions
For more information, please contact one of our professional team

CHARITY

The Vital Application of Essential Skills
A specialist area in a rapidly changing commercial and legislative environment, the accounting and business planning skills demanded to work successfully on behalf of Charities requires proven expertise gathered through experience.

The need to keep abreast of the ever changing charity legislation and the ability to understand the specific accounting, management and reporting requirements are of paramount importance.

Educational and Social Trusts
Community Organisations
Religious Charities
We offer a complete accounting, advisory and business planning service, including: