Seven service lines, one Newquay team.
Karrek provides accountancy services and advice on taxation, VAT, capital gains tax, payroll, management accounts and company formation — to individuals, sole traders, partnerships and limited companies across Cornwall and the UK.
What we do
Helping you make sense of the numbers.
Accounts Preparation
One of our core services is the preparation of final year accounts. We communicate regularly with clients throughout the financial year — turning comprehensive internal records into statutory documents, or taking on the whole bookkeeping function so you can concentrate on running and developing your business. Our staff are trained in a wide range of financial software packages.
- Statutory accounts
- Year-end
- Bookkeeping
- Sole trader
- Partnership
- Limited company
Taxation
We're aware that taxation isn't the most popular financial aspect in existence. We help minimise liabilities legally and identify opportunities for tax savings through sound planning — ensuring returns are accurate and filed on time, giving you plenty of notice of any payments due, claiming valuable reliefs you may be entitled to, and keeping you up to date with changes that may affect you.
- Self assessment
- Corporation tax
- Tax planning
- Reliefs
- HMRC liaison
VAT
VAT can be a real minefield for any business. Our specialists continually monitor changes to VAT legislation so we're always able to offer specialist advice on changes that could adversely affect your business. We also provide the specialist bookkeeping and VAT services that let you concentrate on the things that make your business money, instead of getting buried in invoices and receipts.
- Registration
- Returns
- MTD
- Bookkeeping
- Specialist advice
Payroll Processing
Do you have employees? Administering payroll can be time-consuming, diverting energy and resources from the core activities of your business. We have dedicated staff who can relieve you of that burden by providing a comprehensive and confidential payroll service which also includes Auto Enrolment.
- Weekly / monthly
- RTI submissions
- Auto Enrolment
- Payslips
- P60 / P11D
Capital Gains Tax
With careful prior tax planning, it is often possible to reduce or totally mitigate capital gains tax. Our most popular service involves calculating your current exposure to this tax, then discussing the options for restructuring your affairs to reduce it. Agreeing your liability with HM Revenue & Customs is achieved by completing the capital gains supplementary pages of a normal personal tax return — and you will not be paying any more capital gains tax than you absolutely have to.
- Disposals
- Property
- Reliefs
- Restructuring
- HMRC liaison
Management Accounting
It's important to have all the financial information possible in order to plan and make decisions for the future. We can prepare reports on an as-needed basis that contain more detailed information than those for financial accounting — the information management needs to have a full picture of the current state of the whole business or a specific project.
- Monthly reports
- Cash flow
- Forecasting
- Project P&L
Company Formation
At Karrek it is our aim to remove the administrative hassle of running your limited company by simplifying your bookkeeping, VAT and taxation requirements. We can help prepare a business plan and forecast (cashflow, profit and loss, balance sheet projections for one to three years), order tailored companies, advise on the advantages and disadvantages of incorporation, register for VAT, Corporation Tax and PAYE, and set up bookkeeping. Forming the company yourself and getting it wrong can be very costly.
- Incorporation
- Registered office
- VAT registration
- PAYE setup
- Business plan
Who we work with
Individuals, sole traders, partnerships, limited companies.
Individuals
Personal tax, self-assessment, capital gains, HMRC correspondence — for people whose affairs are more involved than a P60.
Sole Traders
Bookkeeping, self-assessment, VAT and MTD compliance — kept clean so the tax side never holds the business up.
Partnerships
Partnership accounts, partner tax returns and the structuring questions that come with multiple owners.
Limited Companies
Statutory accounts, corporation tax, payroll, VAT, management reporting — the full year-round company package.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Begin the conversation
Speak to Karrek.
A conversation about your business, what you need, and whether we're the right fit. By phone, in person at the Newquay office, or by video.