Somertec Ltd Case Study
Somertec Ltd (‘Somertec’) provides fully managed IT support services to SME businesses across the South West of England. The business offers onsite, telephone and remote PC support and expertise to commercial businesses covering networks, servers, PCs, printers access security as well as dealing directly with end users. Somertec is owned and managed by Lee Stadden, an experienced IT professional with over 20 years’ experience in this sector.
Historically, Somertec had outsourced their yearly accounts and taxation requirements to a local accountancy firm. However, over time, the business became unhappy with the service levels and the delegation of their accounts to a junior person within the business resulting in the need to seek a change of accountant.
Coincidentally, Everett King had been tendering to outsource their business IT requirements which resulted in Somertec securing the business. Recognising Everett King as an accountancy firm that puts clients first and has an experienced accountant lead on each client account Somertec in turn sought the professional services of Everett King resulting in a mutually beneficial engagement of respective professional services. Everett King now takes care of the preparation and presentation of Somertec’s annual accounts.
The Service and Solution
Preparing annual accounts can be a complicated and time-consuming process and Somertec wanted to ensure that it worked with an accountancy firm that was experienced, reputable and dependable.
Everett King now provides a comprehensive year-end accountancy service for Somertec, highlighting the overall financial performance and the company’s financial position at the end of the year. Everett King take care of everything, from collecting the necessary information to preparation and completion of the accounts and filing them with Companies House, liaising, where necessary, with HMRC and ensuring all statutory and compliance requirements are met by the business.
The service delivered by Everett King includes:
- Identifying potential tax-planning opportunities.
- Preparing and filing company tax returns.
- Preparing personal tax returns.
- Identifying capital gains tax computations for any capital disposals during the tax year.
- Preparing capital allowances computations.
- Ensuring that all tax returns for income tax and capital gains tax are submitted on time.
Somertec has a rolling contract with Everett King who undertake to complete its annual accounts and corporation tax returns. Somertec benefits from the peace of mind of knowing their compliance matters are thoroughly dealt with, it has the benefit of pro-active tax planning meetings before its year-end, and ultimately it has the financial information needed to help budget for the year ahead.
“My annual accounts provide a comprehensive overview of my business finances at the end of the year and help me with my planning for the next year. It is imperative that they are accurate and presented on time to HMRC. Everett King takes care of everything for me from collecting the necessary information to completing the accounts and filing them with the relevant authorities, allowing me to concentrate on running my business. Everett King takes the time and hassle out of the process for me. The team at Everett King are very personable and trustworthy. David Everett manages my accounts and is very knowledgeable, proactive and reliable. I trust him and the team implicitly and simply know I am in good hands
Three words would I use to describe Everett King? Trustworthy. Knowledgeable. Friendly.”
Lee Stadden, Owner at Somertec Ltd