Pipergate Limited

Professional Online Accounting Solutions

About OUR ONLINE accountancy services


About OUR ONLINE accountancy servicesAbout OUR ONLINE accountancy services
Providing a professional online and accurate accounting service to small businesses, Sole traders and Individuals.
As a qualified IFA and an ATT tax accountant you are dealing with a professional.
I have the experience to take the stress out of the Self-Assessment process, preparation of annual accounts and CT600s or talking to HMRC on your behalf. Whether it’s rental properties, Crypto gains or Limited Company accounts I provide a professional service at a reasonable price. Just contact for a quote.
As a qualified accountant and member of three professional bodies you can rest assured you are in competent hands. The Company is regulated by the IFA with full Professional Indemnity Insurance.
I have experience of numerous accounting packages, VTT+, , FreeAgent, Xero and Taxfiler are some.


Services


Self Assessment

Self assessment for individuals covering Self Employed income, Capital gains, Rental income. Preparation and filing.

Learn More

Corporation Tax

Preparation of accounts from most cloud packages. FreeAgent, Xero and IFA Books. Capital allowance computations and tax compliance.

Learn More

Crypto Assets Tax

Ensuring that you are Tax compliant on gains and losses on your Crypto-assets.

Learn More

Contact


Blog


18Aug

Why would you need our services? 

  • A reliable and professional Subcontracting solution tailored to your needs.
  • Peace of mind.
  • Experience with most cloud based packages like Xero and FreeAgent.
  • Simply you can Subcontract to a qualified accountant who is already working in practice with up to date CPD to prepare accounts and tax returns for you at a fraction of the cost of a full time staff member.
  • A Subcontract Accountant can help when you are down a team member during holidays.
  • You can plan your workload throughout the year to avoid bottlenecks going into December.
  • We work entirely online so there is no issue of location.
  • The use of Confidentiality and Non-Competition agreements means you can rest assured you are the only point of contact with your client.  


Read More  

Blog


26Apr


Agree a sensible way to exchange work and discuss issues on a timely basis.

    As a Subcontract Accountant there's nothing worse than being handed a job with missing information and errors then finding the manager concerned has vanished on a two week holiday and no-one else knows anything about the work. This wastes everyone's time.

 Agree a price for the job and a timeframe.

    Normally this will be a fixed price to provide a subcontract accountancy service rather than an hourly rate, both parties have certainty, you because you can budget and me because I can allocate my time accordingly. 

Sign a sub-contract / Non disclosure agreement.

    You then have peace of mind that your clients remain your clients and you are the only point of contact with them. Also this can cover the scope of work.

Assess the quality of the work you are handing over, your opening work, notes and the clients records.

     This saves a lot of time and cuts down on phone calls, emails etc

Set up relevant access to your systems.

i.e. Xero, FreeAgent, BTC etc then agree who puts adjustments through to the records and whether they are reviewed by you first.


Read More  

Blog


New Slogan

25May

To start with It is essential to keep good records so it’s possible to treat transactions correctly, errors here could mean overpaying tax. Here is HMRC’s guidance CRYPTO10400 - Cryptoassets Manual - HMRC internal manual - GOV.UK (www.gov.uk) 

The two Taxes to be aware of are Capital Gains Tax (CGT) and Income Tax, both are reported on your Self-Assessment Tax Return.

The tax will depend on the transaction involved. It is therefore essential to understand the nature of the transaction because errors in this could result in accidentally paying (or underpaying) a higher rate of tax. (CGT higher rate 20% and Income tax 40-45%).

Generally, cryptocurrency purchases and disposals are classified in a similar way to shares in that they are “pooled” into asset classes, and disposals are calculated from the pool. Day trading and “bed and breakfasting” apply to cryptocurrencies just like they do to traditional share dealing with the 30 day rule applying. Therefore the majority of transactions will be taxed under CGT. There are exceptions to be aware of though:

Common transactions:

Mining: Depending on the level of activity. This will generally be treated as income and will need to be shown as miscellaneous income on a tax return. 

Staking: Using an element of your holding to support the creation of the blockchain in return for reward. Rewards from Staking will need to be accounted for as miscellaneous income on a tax return. 

Salary or payment for work done: This will be treated as income at the market value of the asset on the day of the transaction and need to be accounted for as income on a tax return. 

Airdrops: When you receive the crypto asset as marketing, a prize or for publicity. You have done nothing in exchange for the asset. If this is the case they will join the Pool for CGT and be taxed on disposal. Forking: The splitting of the asset in two and the holder receives more assets at a lower individual value. These will be Pooled and be taxed on disposal.

HMRC Cryptoassets Manual  Cryptoassets Manual - HMRC internal manual - GOV.UK (www.gov.uk)  

Read More