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Our Services >
Compliance Services
These are all the things you need to do every year. In this respect, we provide the traditional services of a firm of accountants.
Accountancy and Auditing
In addition to any statutory requirement to produce annual accounts, it is most important to have reliable and up to date information for the purposes of financial and tax planning.
The following services are available:
- Preparation of audited Financial Statements to comply with current statutory requirements.
- Preparation of annual or periodic Financial Statements to assist in the management of your business.
- Recommendations to management based on our view of your business systems.
- Maintenance of the books and records of your business including the provision of payroll services.
Audit & Statutory Accounts
If you are a limited company then you are required to prepare accounts that must be filed with Companies House in a statutory format. We can help you by preparing your statutory accounts and filing them with Companies House for you.
We are also Registered Auditors and are able to provide the service of a statutory audit for your company.
Corporation Tax
Corporation tax will represent cost to any profitable business, not only in terms of the tax itself, but also in compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance.
We can help you minimise your corporation tax payments and relieve you of any administrative burden of complying with tax legislation. We will deal with all business tax matters, including preparing income and/or corporation tax computations and preparing and submitting your partnership tax return or corporation tax self-assessment return.
Bookkeeping
We can relieve you and your business of a significant burden by taking care of all your bookkeeping and accounting needs. This ranges from making use of our in-house bookkeeping bureau to the preparation of your annual accounts. We will treat every business individually, so that we can tailor our approach to your requirements.
Besides the core bookkeeping, we can also maintain your VAT records, prepare your payroll and take on ad hoc projects to free up valuable time for your staff.
We believe that our high level of IT literacy can help improve our efficiency and help our clients to set-up their accounting systems to be efficient and effective. We are Sage Resellers and can supply software, hardware and provide support.
Business Planning
Every business must plan ahead in order to ensure success, but it is too easy to succumb to the daily pressures of work and delay or ignore strategic planning. The result of poor planning is often rushed and misinformed decisions, over/under capacity, inefficiency and missed opportunities. Every business owner needs to invest time in developing a long-term plan, starting with what you want to achieve from your investment and what your reasons for being in business are, and then developing a plan to help achieve these objectives.
We are well placed to help you develop these plans and have a considerable pool of experience and expertise to draw on. The financial aspects are usually the backbone to any business plan and you need to ensure that this aspect has been adequately dealt with in your plan. Contact us today for a strategic planning review.
Business Start-Up
Most people who start up in business do so because they have a good business proposition, not because they are experts in the financial aspects of running a business. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and helping you develop them into a feasible business.
We can also help you:
- decide on the most suitable structure for your business (i.e. sole trader, partnership or limited company).
- prepare a business plan, cashflow projections, budgets and trading forecasts to prove the financial viability of your ideas and demonstrate this to the bank/potential investors
- assess your finance requirements and access the most appropriate source of finance
- help you establish relationships with banks, solicitors, etc via our well established network of contacts
- carry out registration procedures with Companies House amd HM Revenue & Customs
- set up an internal accounting system which complies with statutory requirements
Call us for a free initial consultation to find out how we can help your ideas become reality.
Business Valuation
One of our key objectives is to help our clients increase the value of their business. Each year we can carry out a valuation of your business, using software developed by the Added Value Network. We will produce a detailed report showing the current value of the business and ideas on how you can maximise its worth.
Company Secretarial
When running a hectic business, you cannot afford to use valuable time making sure you are complying with the Companies Act. However, you do need to be aware how this legislation affects your company and its directors. We can help by carrying out the company secretarial duties for you. Our services include:
- company formations
- preparation and filing of statutory returns
- preparation of all documentation (such as minutes and resolutions)
- maintenance of statutory books (share register, minute book, etc)
- general advice on company law
Financial Performance Review
We will carry out a financial performance review of your business. This will be in the form of a detailed report which includes:
- Graphs and charts illustrating how your business has performed this year.
- Ratio analysis to highlight areas of strength and weakness
- Detailed commentary advising you which areas of the business can be improved
Management Accounts
The most important part of our compliance services is the preparation of periodic management accounts. Monitoring and controlling the financial performance of your business is of paramount importance and regular management information is vital to the continued success of your business. We can either carry out this function for you, or help you set-up internal systems to generate the information.
We will also take this service one step further by interpreting these figures for you and making suggestions to help you improve your profits, or to help your business grow.
Payroll
Running your own payroll can be time consuming and complicated, particularly with the ever increasing complexity of taxation and employment legislation. There is an increasing burden on business to comply with these issues and non-compliance can lead to substantial penalties. We can prepare payrolls for businesses with 2 to 200 staff.
Our service is comprehensive and confidential and includes:
- Computer generated payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay etc
- Completion of statutory forms (including year end returns)
- Summaries and analysis of staff costs
- Administration of incentive schemes, bonuses and ex-gratia termination payments
Even if you only have a few employees, you will make savings by engaging us to administer your payroll.
Taxation
Over the years legislation has become more complex. All business decisions have tax implications which must be carefully considered.
The following services are available:
- Assisting with the preparation and submission of corporate and individual tax returns.
- Agreement of tax liabilities with the Inland Revenue.
- Advice on Enquiries carried out by the Inland Revenue and H M Customs and Excise.
- Planning and advice in respect of:
- Corporate and individual taxes
- Value Added Tax
- National Insurance Contributions
- Inheritance Tax
- Capital Gains Tax
- Tax implications of investment opportunities
- Taxation of Trusts
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