When you are a growing business, you need to focus on what you do best - there are, after all, only so many hours in the day.
So why do you struggle trying to do everything yourself? You are trying to save money, but it’s a false economy, because you can’t be an expert at everything.
So why not out-source your finance function to us? This will free up your time to spend on developing your business or doing the things you love with the people you love.
Take a look at some of our financial services. They allow us to work in the background while you are busy doing what you need to do. Then when you need to make a decision, up to date information is at your fingertips ready for you when you need it.
Our services range across all areas of finance including:
- Bookkeeping
- Payroll Service
- Real time management reporting
- Business planning, such as forecasting, budgeting and cash flow management.
- Tax Services
To find out more about how we can free up your time take a look at some of the options below or contact us to discuss your needs.
Bookkeeping
Everyone hates bookkeeping!
It has to be done, however, and done properly otherwise the tax man will come calling. Plus you need critical financial information to run your business and key performance indictors to help you make good decisions.
On top of all that, it looks easy to do but if you get it wrong you have to pay your Accountant to put it right. Book keeping is difficult, there is even an Institute of Certified Book Keepers, where book keepers can sit exams.
You have to spend your precious free time doing the bookkeeping. Wouldn’t you rather be doing what you love with the people you love?
What’s the answer? Well the ideal would be to employ a bookkeeper, but that could cost you £22,000! Or you could talk to us….
Let us lift that burden from your shoulders. We don’t just do your bookkeeping. We offer you a cloud accounting service and access to our real time information system. Or, if you prefer a traditional paper-based bookkeeping service, we can do that too. We are even able to integrate our bookkeeping with your existing accountancy software if that is what works best for you.
You can sleep at night, safe in the knowledge that your data is secure and backed up. No more downtime while you wait for system upgrades - they are done automatically.
Plus you'll benefit from reduced professional fees because it makes it easier for us to produce your year-end accounts and, as we can access your data 24/7, you get more value from us. We can work proactively with you to help you achieve your dreams.
Payroll service
Payroll means Real Time Information (RTI) reporting requirements for employers.
That can be a big headache.
So what is RTI?
In a nutshell, it’s a requirement to report changes and tax payments on or before every single payday.
You must make sure your payroll systems and software are approved by HM Revenue and Customs and fully RTI-compliant. Here’s a quick checklist of things you need to ensure:
- Do you use RTI-compliant software?
- Is your agent (accountant) signed up as your agent so they can report RTI on your behalf?
- Is your broadband capability of sufficient strength and speed to handle the submissions due on the same date?
- Do you have an RTI expert you can talk to – someone fully conversant with the legislation and who can help with any queries?
- Does your provider have sufficient Professional Indemnity (PI) insurance cover to protect both your business and theirs from potential claims?
Payroll is so much hassle since RTI was introduced in 2013. And Auto Enrolment makes it even worse.
The penalties for incorrect reporting are severe.
For example, the late filing penalties typically range from £100 to £400 (depending on the number of employees). That’s every month. So over a year, penalties for late filing could amount to as much as £4,800. Additionally there is a penalty of 5% of tax and NIC that should have been reported if you are more than 3 months late.
But don’t worry… we can take away this hassle and ensure you avoid penalties.
Leaving us to deal with your payroll takes away all the headaches and frees up your time to focus on running your business. You can sleep at night knowing your payroll will be submitted on time. And that means you don’t need to worry about the severe penalties of up to £400 per month.
Professional payroll advice is just a click away. Less stress as we take care of the complicated bits. Enhanced data confidentiality. Improved record retention for PAYE inspection purposes. No internal payroll software and reduced IT costs. Real time information to support business decisions.
How much will it cost?
Prices are based on the number of employees and frequency of pay. Click the link below to discuss options for your business.
Note: The price of this service is fully deductible for tax purposes, which means, in effect, HM Revenue and Customs will refund you a portion of the cost (subject to the rate of tax you pay).
Real time management reporting
Every day you have to face difficult decisions and, frustratingly, you may not have the information at your fingertips to help you make those decisions. Now with our Real Time Management Reporting Service, you can have access to key decision-making information 24/7.
We use an industry-leading cloud accounting system giving you access to information in real time, putting you in complete control of your numbers.
You get better support from us and at better value, since we can access your data at any time. We can help you run and grow your business, rather than just doing the sums!!
It’s easier to invoice your customers: you can create invoices from any device and email them straight to your customers. This means the information is available instantly on the real time system and you can collect the cash a lot faster, resulting in fewer bad debts and better cash flow.
The system loads bank feeds automatically to the system and there is a custom financial dashboard, showing you key financial decision-making information. Reports can be run instantly. You can have peace of mind knowing that your sensitive information is secure and backed up. No more system downtime waiting for upgrades.
Tax Services
The UK tax system is complex and multi-faceted. As a result it can be a source of anxiety. How do I know I've paid enough tax? Have I paid too much? What if I forget to declare something? How do I find the information needed for my tax returns? What do I need to tell HMRC and when and how?
To learn more about our extensive tax services, click here.