Business Services

We very much enjoy embarking on a new business venture as your financial support team. We can help you in the early stages, advise on the best structure for your business, set up your accounting systems and help you as you grow. We can add in services as they’re needed such as payroll, VAT and tax advice. Of course we are also on hand to discuss expansion, acquisitions and investments into your business, as required.

We can also help with:

• the preparation of a business plan, cashflow projections, budgets and trading forecasts
• assessing your finance requirements and advising on the best sources of finance
• the formation of your company or LLP
• undertaking the necessary registration procedures with Companies House and HMRC
• setting up an online accounting system to enable you to review performance and meet statutory requirements

For businesses that trade as limited companies, there are statutory obligations under the Companies Act which we can help with. We can:

• advise on the maintenance of statutory books
• assist in the preparation and filing of statutory returns
• prepare minutes and resolutions to document formal business decisions

We offer a full range of accounts preparation services including those for:

• Unincorporated entities including self-employed individuals and partnerships
• Limited Companies adopting FRS 102, FRS 102 Section 1a and FRS 105, as appropriate
• Limited Liability Partnerships
• Charities
• Trusts

We also act for several clients that require audited, and in some cases Consolidated Group accounts and, although we have chosen not to register as Statutory Auditors ourselves, we have established strong relationships with partner firms who can assist in carrying out the audits on our in-house prepared accounts, also assisting with the preparation of Consolidated Group accounts, if appropriate.

Book-keeping

For help with the day-to-day accounts we are able to provide a dedicated book-keeping service. We also offer this service on an ad hoc basis if you need additional support or for holiday cover.

This can include:

• Inputting of invoices and receipts
• Making payments
• Creating sales invoices
• Month-end reconciliations
• Credit control

Computer services

With the advent of MTD and the need to file all of your accounting and transactional history online, it is important to choose an accounting package that meets the needs of your business. There are several available – including the more well-known software brands. We can assist you in deciding which one is best for you; setting it up to work for your business specifically and through training your staff to use it. Once it is up and running we’re on hand to help at any time.

Digital accounting is no longer a consideration but a legal business necessity. We can help you use the system to your advantage so you have complete financial control and lots more information than you might be used to.

Although we are experienced with various software packages, our preference, if suitable for clients’ requirements, is Xero. We have assisted a large range of existing and new clients to fully utilise all that the cloud has to offer their businesses. Through moving clients on to Cloud software, such as Xero, we are providing businesses the opportunity to better manage their finances and run their business. 

The Xero mobile app allows you to run your business from anywhere by sending invoices and estimates on the spot, while also allowing the capture of customer signatures and snapping photos of expense receipts so you never have to worry about losing them. Using tools such as Xero we are able to look at how your businesses is performing on a regular basis and offer services such as quarterly management accounts and VAT.

Contact us if you want a free initial meeting to find out how cloud software can make running your business easier.

For businesses that are required to account for VAT, it is important that they use the scheme that is most beneficial to them. Some schemes, for example, provide a cashflow benefit. We ensure that your business is operating the correct scheme, and that the administration does not divert energy away from the running of your business. We help with:

• assistance with VAT registration
• establishing the most appropriate scheme for your business
• maintaining or checking your VAT records and returns, carrying out their submissions to HMRC, if required, and advising as to the VAT refund/payment positions accordingly
• practical support during VAT inspections and compliance visits
• VAT assessment reviews

Payroll has been the subject of many changes in recent times. There is certainly more admin involved and more regular reporting required. It’s all part of the digital accounting that is demanded by HMRC for total transparency. We make it our business to know what is required and when, in a timely and reliable way.

We, assisted by our trusted payroll bureau, can manage your payroll needs as follows:

• Customised payslips
• Detailed analyses of staff costs
• Wages payments
• End of year returns (P35 and P60s) and other in-year forms (P45s and P46s)
• End of year returns for employee benefits and expenses (P11Ds and P11D(b))
• Assistance during PAYE compliance visits
• Liaising with HMRC for tax investigations and enquiries

Hand-in-hand with digital accounting and improved accounting systems is the power of the information and knowledge available to us. We can take the information we create together and provide useful, easy to follow reports.

Valuable insights and company data can equip you with the knowledge you need to make changes and important decisions. Your business health can be summed up in interesting visuals that you can share with key members of your team.