Services For Business
When starting your own business many people find the complication of options and regulations quite daunting. You do not need to worry about these as once you have met with us we offer an initial free of charge consultation at which many of your initial concerns and queries can be addressed.
With our knowledge and experience of all the popular small business accounting software solutions we will find the best set up for you whether you want to do your own bookkeeping or just want to let us take the strain.
We look after sole traders, partnerships and limited companies by offering a full end-to-end service including the likes of; bookkeeping, payroll and CIS, VAT, management accounts, plus plenty of down to earth advice & support along the way.
Whether you are looking to grow, increase your profitability, diversify or exit, we can support you every step of the way.
We can help you to:
Understand and decide on the most suitable business form (sole trader, partnership, or limited company) that is best for you;
Assist with making contact with the bank of your preference and in preparing any information they ask for;
Inform you about VAT and payroll requirements, including helping to decide if VAT registration is needed or beneficial;
Complete any registration at both Companies House and HM Revenue & Customs;
Advise on the most suitable accounting system to use and if appropriate the most suitable software;
Provide assistance and training to set up and maintain your bookkeeping records;
Help with all aspects of business administration both as you start-up and in the future.
Ever changing regulations and the growing demands of HM Revenue & Customs mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
Assistance with VAT registration;
Advice on VAT planning and administration;
Use of the most appropriate scheme;
VAT control and reconciliation;
Help with completing VAT returns;
Planning to minimise future problems with HM Revenue & Customs; and
Negotiating with HM Revenue & Customs in disputes and representing you at VAT tribunals if necessary.
With our knowledge of the latest accounting software solutions we can prepare a set of annual accounts for HMRC & Companies House that will meet the standard necessary for compliance and provide you an overview of how your business is performing.
Payroll can be a time consuming and complicated part of running a business. Our outsourced payroll team combine expertise with the leading technology to deliver an accurate, time-saving, efficient payroll solution. With payroll specialists taking care of everything, you can be confident that your employees will be paid correctly, with the right deductions and on time.
Management accounts are a valuable type of financial report that offers insight into the financial performance of a business. These accounts are often used by business owners and management teams to predict and estimate costs and to assist with strategic decision-making.
With our experience in preparing management accounts for a wide spectrum of businesses and industries you can be sure that you will be presented with the right information for you to be able to make important and strategic decisions with confidence.
Assisting your business as a Virtual CFO ( also known as an outsourced or part-time CFO) allows us to provide you with expert financial management services remotely, giving you access to CFO-level expertise without the cost and commitment of engaging someone full-time.
The benefits engaging us as your virtual CFO are that it is cost-effective and flexible and allows us to provide services tailored to the specific needs of your business. Having a Virtual CFO also exposes you to specialised knowledge and experience in financial management that improves your financial planning and decision-making: and helps you make better financial decisions for your business.
Being the subject of a tax investigation by HMRC can be a stressful and worrying experience. With the onset of Making Tax Digital in addition to personal and corporate self-assessment, HMRC staff can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.
With the increased risk of HMRC investigations we consider it worth clients taking out an annual insurance policy that protects you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.