Many successful businesses
know where they want to go and how to get there.
How soon they achieve their
ambitions is often governed by the time and effort they can
devote to these principal aims.
Our service is geared to relieving
you of much of the accounting functions that modern businesses
require. You can therefore put more of your efforts into building
a successful business.
If your business grows large
enough to warrant having it’s own accounts department,
these functions can then be transferred “in-house”.
Our aim is to help you build
a successful business because by doing that, we gain a valued
client.
• Payroll Bureau (including
HR)
•
VAT Accounting
•
Management Accounting
•
Annual Accounting
•
Self Assessment
New Business Ventures
As a COMPLETELY FREE SERVICE,
we can prepare a complete business plan incorporating profit
and loss projections linked in to cash flow forecasts. This
is often essential information required by financial institutions
to support a loan application and provides a clear guide to
the potential of the new venture. We can then use this plan
to monitor the progress of the new venture once it is operational.
Equally as important, we can
arrange FINANCE for new ventures at very COMPETITIVE rates
and build this into the overall business plan.
Existing Businesses
Running a small/medium sized
business is probably the most difficult job in today’s
increasingly competitive world. PAYE, Family tax credits,
attachments of earnings, Inland Revenue queries and of course
the dreaded PAYE AUDIT! That only covers some of the problems
that employing staff generate and we haven’t yet looked
at VAT, management accounts for the bank and annual accounts
for the Inland Revenue. Did we forget self-assessment? The
list is endless.
There is no possible way that
you can handle this yourself whilst trying to concentrate
on building a successful business and the obvious answer is
to employ someone else to do it. This can mean employing a
bookkeeper or accountant yourself and leaving it to them and
that’s quite often where the worry (should) disappear
but more often where the costs start to mount.
A cost effective alternative is to get a professional accountant
to set up and run a complete set of accounts for you that
can grow as your business develops. You benefit from having
experienced staff maintaining your records at a fraction of
the cost of employing them yourself and once your business
is large enough to need your own accounts department, the
whole system can be transferred to your premises.
Our service is based on obtaining
information from clients on a weekly basis and maintaining
computerised accounting records on their behalf. Once we have
extracted the information we require, the records are returned.
From that information, our experienced team of accounting
staff will then do the following:-
| Wages
& HR |
| • |
Run your weekly payroll and provide payslips and net pay
details. |
| • |
Calculate
your monthly tax liability and fill in your payment slip.
All you do is make out the cheque and post it. |
| • |
Do all 5th April related returns (P35, P60’s etc.),
balance your wage records and deal with the Inland Revenue
direct on your behalf. |
| • |
Arrange
completion of family tax credit funding and renew when
necessary. |
| • |
Correspond with the Inland Revenue and deal with PAYE
audits as required by HMIT. |
| • |
Ensure all changes in PAYE legislation are complied with. |
| • |
Maintain holiday pay records for each employee. |
| • |
Issue contracts of employment for all existing and new
staff as required. |
VAT |
| • |
Maintain weekly records of income and expenditure and
calculate the VAT. |
| • |
Complete monthly or quarterly VAT returns for submission
to HM Customs and Excise. |
| • |
Deal with VAT audits as required by HM Customs and Excise. |
| • |
Ensure all changes in VAT legislation are complied with. |
Quarterly Management Accounts |
| • |
Prepare quarterly management accounts and advise on the
results. |
| • |
Submit accounts as required to clients bank with accompanying
letter of explanation. |
Annual Accounts |
| • |
Prepare annual accounts in accordance with current legislation. |
| • |
Calculate tax liability and advise on ways to reduce tax
charge. |
| • |
Complete self-assessment forms and submit to HMIT. |
| • |
Correspond with Inland Revenue and deal with any queries
they raise. |
| |
What will it cost you? Probably less than you think!
Our
full basic service costs from as little as £20
per week, but we can tailor the service to suit individual
clients needs e.g. payroll service only for as little
as £5 per week.
We
can provide a specific quotation for your business on
request. We believe we are the most cost-effective service
available in this market sector.
|
| |