Small/Medium Companies

Starting Up

Starting up a new business is an exciting time, but it can also be confusing due to the daunting amount of administrative, legal and financial bureaucracy that is involved. The paperwork can be a significant distraction from achieving your goals at a time when your energy and commitment is most in demand. We can work with you in a completely intimidation free environment and spend time listening and guide you through the maze. Just bring us your business ideas, and we will help you to make them a reality!

Let us help you ...

• decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company
• secure financial backing by preparing a business plan, cashflow projections, budgets, and trading forecasts
• complete any registration procedures with Companies House and HM Revenue & Customs
• decide on what accountancy software and computer hardware to buy and help with the installation
• with all aspects of business compliance and administration

Book-Keeping

Our services are tailored to meet your needs and give you peace of mind, leaving you more time to concentrate on growing your business. We can take care of your book-keeping, financial and statutory accounting with services designed to meet your particular requirements at cost effective hourly rates or fixed prices depending on your preference. Our range of services include:

• A complete book-keeping service to leave you free you to run your own business
• Advice on book-keeping systems both manual and computerised
• Training in book-keeping enabling you to write up your own books on a regular basis
• General accountancy advice in any matters arising
• Preparation of annual accounts and advising on any improvements
• Preparation of cash flows profit forecasts and business plans
• Preparation of periodic management accounts where appropriate
• HMRC Returns (Annual Accounts, VAT, Personal and Corporation Tax Returns)
• Companies House Returns (Annual Returns and Accounts)

Free Initial Consultation

Payroll

Our experienced payroll team can help with this important but complicated task, whether you employ one person or fifty, by:

• Operating a full payroll service on a weekly, fortnightly, 4-weekly and/or monthly basis as needed
• Starter & Leaver calculations and issue of P45 forms
• Calculations of standard payments/deductions (e.g. salary, overtime, holiday pay, back pay, commission, etc.) as well as statutory payments (SSP, SMP, SPP & SAP), pension contributions, student loans, court orders and any other legislative responsibilities
• Follow up administration work with HMRC to ensure accurate & timely disclosure of PAYE and National Insurance (NI) contributions.
• Answering payroll queries and dealing with routine enquiries from your employees and third parties (e.g. Inland Revenue, DWP, etc.)
• Year End processing, including P35 Employer Annual Returns, P14 Employee End of Year Summaries and P11D Employee Benefits summaries

VAT

Constantly changing regulations and the growing demands of HMRC mean that VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. We provide cost efficient services that can include:

• Assistance with VAT registration
• Establishing effective VAT controls and reconciliation processes
• Guidance on VAT planning and administration
• Preparation of quarterly VAT returns
• Negotiating with HMRC in disputes and representing you at VAT tribunals if necessary

Corporation Tax

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on the business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Business Development

Once your business is up and running, we can help with the development and growth of your business. One critical element of future success is business planning. This is the process of ensuring that you have a clear vision of what you want to achieve, a clear assessment of where you are now, and realistic plans on how to get from here to there.

To secure additional funding for growth from financial institutions it is essential that your business plans incorporate Cash Flow forecasts, return on investment calculations and other financial projections to demonstrate that you are a good risk for their investment. We can offer a range of services from simply helping with the financial inputs through to guiding you through the entire business planning process and helping to negotiate additional funding on your behalf.

Free Initial Consultation