Accounts
Your accounts should paint an accurate picture of your business so you stay on the right side of the law – and also so you understand how you can improve performance and efficiency going forward. You also need to get your accounts in on time, as there are strict statutory submission deadlines.
How we can help:
- Whatever business you’re in – big or small – we’ll produce comprehensive and accurate final accounts for you.
- By sitting down with you over a strong coffee, we’ll help you understand the story they tell, explain the numbers to you in plain English and answer any questions you may have.
- We’ll make sure your accounts are filed in the right place at the right time.
- We’ll advise you on how you can reduce your tax liability.
- Using our knowledge of how your business has performed, we’ll advise you on strategies for making it stronger and more efficient.
Bookkeeping
Bookkeeping may seem simple – but if you’ve tried it, you’ll know: it takes time, a lot of time! Isn’t working on your business a better and more profitable use of the precious hours in your day than getting bogged down with bookkeeping?
How we can help:
- We’ll help you with as little or as much of your bookkeeping as you like – working out the best package for you, at a price that suits.
- This could include any or all of:
- Record-keeping
- Invoicing
- Inputting of expenses and other outgoings
- Reconciliation
- Report production
- Management accounts
- We’ll explain fully what your chosen package will cost you. It’ll all be calculated up front with no hidden extras.
- We can set you up on time-saving software like QuickBooks, Sage or Xero, coaching you to use it yourself or managing it for you. Whichever option you choose, we’ll always be there to trouble-shoot at no extra charge.
- Bookkeeping can drain the hours from your day. It’s our bread and butter, so chances are we’ll have it done in a fraction of the time.
Payroll and auto-enrolment
Whether you’re a sole company director or employ a team of staff, operating an efficient payroll is an essential part of running a successful business. Paying salaries on time, issuing accurate payslips, and submitting the correct information to HMRC takes time and expertise.
How we can help:
- We’ll set up and run a comprehensive and efficient payroll service for you. Your staff will be paid the right amount, at the right time.
- Using the latest technology, we’ll do all calculations, produce electronic payslips (and other reports like P45s), and send off all required information to the taxman.
- We’ll calculate changes to the norm, like Statutory Sick Pay and Statutory Maternity Pay.
- Our systems are Real Time Information (RTI) compliant and in line with recent complex legal changes. So we’re all set up to inform HMRC each time you pay your employees, keeping you on the right side of the law.
- We’ll make sure you comply with the nitty-gritty of auto-enrolment, which requires you to set up a pension for eligible staff and pay into it each month.
- We love our job – we enjoy keeping on top of the non-stop legal and regulatory changes. Which means you can get on and do what you do best: running your business, with peace of mind your backroom is safely under control.
Personal tax
It’s pretty much guaranteed you’ll have to put in a personal tax return each year if you run your own business. Getting it wrong or sending it in late can be costly: you may be charged interest, or even fined. As for how much tax is due, of course you need to pay, but it makes sense to ensure you’re not paying too much.
How we can help:
- We’ll tell you exactly what information you need to give us, and by when, then we’ll prepare your tax return accurately and efficiently.
- We’ll sit down with you and draw up a personalised tax plan.
- We’ll steer you through the complex array of tax laws and regulations, so you stay within the law.
- Our expertise doesn’t stop there. We can help you with strategies for reducing income tax, and advise you on inheritance and capital gains tax.
- We’ll always be on hand to answer your questions. We’ll talk so you understand, and make the process as painless for you as we can.
Business tax
Whether you’re self-employed or running your own limited company, your business has to pay tax. To ensure you pay the right amount and comply with the law, you need to keep on top of everything from tax rates to accounting periods, allowances to registration thresholds, and all the twists and turns of the ever-changing rules and regulations in this area.
How we can help:
- Whatever business you’re in, and whatever its size, we’ll advise you on your likely tax exposure and how to minimise it, including:
- Corporation tax
- Schedule D income tax
- VAT
- You’ll need a tax plan to help you work out how much business tax you’re likely to pay and to ensure the money’s there when you need it. We’ll sit down with you and put together a plan that works for you and your business.
- We’ll complete your tax return, accurately and efficiently. We’ll talk you through it and make sure you understand your tax liability. We’ll ensure it’s filed with HMRC on time.
- We’ll explain clearly, in plain English, any changes to the law that are relevant to your business. Strictly need-to-know!
- If you need strategic tax-related advice, we can help:
- Business restructures
- Acquisitions and disposals
- Share schemes and other employee incentives
- We’re a small team of friendly, down-to-earth experts. You’re so much more than just paperwork to us!
Software and support
Keeping the accountancy and admin side of your business ticking over efficiently is essential. It saves time and money, and means your business looks and runs professionally. There’s plenty of software out there to help your bookkeeping, invoicing and payroll run smoothly. It’s just a matter of knowing how to operate it!
How we can help:
- We’ll get you set up and trained on a range of online software providers: Quickbooks, Sage, Xero and more.
- You’ll quickly pick up how to streamline the back end of your business. You’ll be creating invoices, paying suppliers and managing payroll in a fraction of the time you used to.
- Our friendly, expert trainers will make it simple and fun to learn how to use your new software.
- You choose the time and place for the training. We’ll go wherever... as long as there’s a decent coffee machine!