This is the area of your business called ‘Compliance’. In other words, you have to fulfil your obligation to HMRC to keep them informed about your business so you pay the appropriate amount of tax.
As you approach the time for your business to produce it’s Annual Accounts and to prepare the Tax Return, whether a Personal Return, Partnership or Company Return, do you start to worry about gathering your records together and being able to put the right information on the HMRC’s forms?
We can take that worry away.
If you use one of the Accounting Software packages we can introduce you to and train you in using, we can keep an eye on your accounts throughout the year, picking up any potential anomalies and correcting any mistakes to ensure that your End of Year Accounts are accurate and produced in good time.
We pride ourselves in preventing our clients from being charged any late filing penalties by HMRC.
Usually called ‘Management Accounting’, this is about providing more detailed information focused on key aspects of your business.
It not only looks back, but looks forward as well. By using the knowledge and tools at our disposal, we can help you to project likely outcomes, depending on the decisions you make now.
With our Fixed Fee service, you can spend time with one of our experts to make a plan which structures the growth of your business in the year ahead.
Sadly, we don’t have a crystal ball, but by ensuring that you hold all the knowledge available about your business, we can help to put you in the best possible position to take it forward successfully.
In recent years, you may have heard about Making Tax Digital. All companies which are registered for VAT have to send in returns to HMRC each quarter. This now has to be done in digital format using compatible software.
Working with us means you don’t have to worry about that.
We were amongst the first in our field to have our clients prepared and ready to go. We will ensure the same for you. We offer this routinely as part of our Bookkeeping service, or we can tailor make a package to suit your business, however small or large.
As soon as your business grows to a point where you decide that you need extra staff, you come across more complexities.
As well as good HR support, (where we can direct you to other experts), you need to understand and deal with Payroll and, if you are in the Construction Industry, CIS (Construction Industry Scheme) returns. Not sure what these involve? Don’t worry, we know.
We can deal with everything, from payslips and adding new staff to Workplace Pension Schemes, P60’s, P45’s and P11D’s. Furthermore, we will ensure that before you take on this responsibility, you will fully understand what it means for you. Then you can move on to growing your business while we look after everything else.
Now this is an area where clients tell us we excel.
When you join us, we will recommend that you spend time with one of the professionals in our team who are trained in several types of on-line accounting software. We have done the research into which are the best and most effective types for a variety of Small Businesses so that you don’t have to.
If it suits you, we can make sure that you can acquire the best software at an advantageous rate (better even than the special offers the company offer on-line). We can organise a joint approach so that we can both access your on-line accounting records to ensure everything is correctly done all of the time.
This saves you time and money, and ensures that Producing your accounts is an easy task at the end of your accounting year and not a headache!
When your business grows and you need more services, we can take the work out of your hands completely. This enables you to use us as your Accounts and Finance Department at a fraction of the price it would cost to employ the necessary professionals in-house.