Business Details
13 Years
experience
Expert Accountants in Loughton, Essex
Established in 2013, Precise Tax is an accounting and tax advisory firm serving small and medium-sized businesses across Essex. Our team of licensed professionals specialises in accounts preparation, VAT compliance, bookkeeping, and business start-up support, with 25 years of combined experience in navigating complex financial regulations. We prioritise transparency, offering same-day responses to client inquiries and fixed-fee structures to eliminate unexpected costs.Our HMRC-registered status enables electronic VAT submissions, while our membership with the Association of Accounting Technicians ensures adherence to industry standards. We focus on simplifying financial obligations for businesses with turnovers up to 1m, providing tailored advice to maximise tax efficiency and regulatory compliance.
Services
Accounts Preparation
VAT Returns
Tax Returns
Bookkeeping
Start-Up Advisory
Payroll Services
Lettings Accounts
CIS Compliance
Company Formation
Details
- Year established: 2013
Highlights and features
- 25 years of experience serving SMEs with turnovers up to 1m
- Same-day response guarantee for all client inquiries
- No hidden fees or unexpected charges
- HMRC-registered for electronic VAT submissions
- Licensed by the Association of Accounting Technicians
Associations and certifications
- Association of Accounting Technicians (AAT)
- Association of Taxation Technicians (ATT)
What people say
Excellent advice
Quick to reply
Efficient services
Fantastic support
Highly recommended
Services
Accounts Preparation
We prepare statutory accounts for sole traders, partnerships, and limited companies in accordance with accounting standards. Our service ensures all allowable expenses and tax allowances are claimed to minimise liabilities. Accounts are completed within one month of receiving client records, with advisory support available to improve financial record-keeping practices.
VAT Returns
HMRC-registered agents handling VAT return submissions and scheme registrations. We manage flat rate, annual accounting, and cash accounting schemes while ensuring compliance with electronic submission requirements. Our expertise prevents costly penalties through accurate calculations and timely filings for businesses approaching VAT registration thresholds.
Tax Returns
Comprehensive preparation of Self Assessment, Corporation Tax, and CIS returns. We identify missed deductions to offset tax liabilities and provide deadline reminders to avoid penalties. Our service covers complex scenarios including property income declarations and high-value savings tax obligations for individuals and businesses.
Bookkeeping
Professional bookkeeping services conducted by IAB-registered practitioners. Options include on-site or remote record maintenance using manual systems, Excel, or Sage software. We offer training support and business record audits to improve accounting systems while providing ongoing tax advisory assistance to clients.
Start-Up Advisory
Specialist guidance for new businesses selecting optimal trading structures and tax registrations. We handle company formation with Companies House, director appointments, and multi-tax registrations. Our service prevents costly compliance errors during business establishment while explaining regulatory requirements in plain language for new entrepreneurs.
People
Richard Morrell
Director
Richard established Precise Tax in 2013 with 25 years' experience in SME accounting. Licensed by AAT and ATT, he specialises in accounts preparation, VAT compliance, and business start-up advisory. His client-focused approach prioritises clear communication and proactive tax planning for businesses across Essex.
Questions
What accounting services do you offer for SMEs?
We provide full accounts preparation, VAT returns, payroll management, CIS compliance, and tax return services tailored to SMEs with turnovers up to £1m.
How do you handle urgent client inquiries?
We guarantee same-day responses to all phone calls and emails, with no additional charges for time-sensitive requests.
What experience do you have with business start-ups?
Specialising in new businesses, we assist with entity selection, HMRC registrations, and company formation while explaining compliance requirements clearly.
How are your fees structured?
We use fixed-fee pricing with no hidden charges, providing transparent cost estimates before commencing any work.
Can you help with property income tax declarations?
Yes, we prepare lettings accounts and tax returns ensuring all property-related expenses and allowances are properly claimed.
What makes you different from other accountants?
Our HMRC agent status, AAT licensing, and 25 years' SME experience combine with free ongoing advisory support and guaranteed response times.
