Welcome to Francis James & Partners

Francis James & Partners are an independent firm of Chartered Accountants, Registered Auditors and Business Advisors who pride themselves on providing a professional and personal solution for your day to day accounting needs. Using our qualifications and vast experience to complete the compliance work, we also apply our expertise and initiative to identify strategies that will help you achieve your business goals.

Whatever your needs, we can help. Francis James & Partners is a modern firm of Chartered Accountants based in Essex, offering accounts, taxation and business advisory and support services to a wide range of new and exsisting businesses and individuals.

At Francis James & Partners we provide a cost-effective, high value solution to meet all of your financial needs. We work hard to get to know you in order to deliver timely, individual advice on effective tax planning and on how to improve your business and personal wealth click here for an overview of our services. To find out more about us click here. To access a wealth of information visit our resource centre or view our free factsheets.

REGISTER for our newsletter

Register here to receive our topical monthly newsletters.

Click here


ServicesIndividuals & Businesses

Our comprehensive range of financial and business support services and ongoing strategic advice has helped many of our clients to grow.

Click here

Resources Interactive tools & factsheets

Useful resources including: calculators, tax rates and allowances, market data, a tax calendar together with access to HMRC and Companies House forms.

Click here

1st Meeting Free!AND OUR COFFEE IS AWESOME

We offer a free initial consultation to prospective new clients, we are more than happy to provide a quote for any services advertised.

Click here

The current hot topic

Making Tax Digital for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. The first area to be affected by MTD will be VAT with the new rules being implemented from April 2019.

Under the regulations, businesses with taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using ‘functional compatible software’. These new regulations take effect for VAT return periods beginning on or after 1 April 2019.

HMRC has published VAT Notice 700/22: Making Tax Digital for VAT. This Notice defines ‘functional compatible software’ and the transaction-level data that needs to be recorded and retained within the software.

Under the new MTD regulations, businesses will have to use ‘functional compatible software’. This means a ‘software program or set of compatible software programs which can connect to HMRC systems via an Application Programming Interface (API)’. This must be capable of:

  • keeping records in digital form as specified by the new rules
  • preserving digital records in digital form
  • creating a VAT return from the digital records held in compatible software and submitting this data to HMRC digitally
  • providing HMRC with VAT data on a voluntary basis
  • receiving, via the API platform, information from HMRC to ascertain compliance.

MTDfV is coming soon and we are here to help you prepare.