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Services >
Compliance Services
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 inhouse 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 members of TAS Partners in Practice and Sage Accountants Club are therefore ideally placed to give you the most independent advice that will suit your needs and budgets.
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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.
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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 and H M Revenue & Customs
- set up an internal accounting system which complies withstatutory requirements
Call us for a free initial consultation to find out how we can help your ideas become reality
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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.
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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
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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
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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.
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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.
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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 Chartered Certified Accountants and Registered Auditors. Our team is highly trained and can assist you to produce accounts for your company in accordance with Companies Act legislation and all relevant accounting standards. We also produce accounts for sole traders, partnerships, charities and pension schemes. The level of assistance you require is decided by you.
We are authorised to conduct audits for companies and pension schemes. An audit adds credibility to accounts for banks, customers, suppliers, tax authorities and owners that the financial statements are true and fair and no material errors have been uncovered. Our team are trained to use modern audit techniques in order to add greater value while also providing assurance in the reported results.
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Taxation
Corporation tax will represent a substantial 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.
Corporation tax will represent a substantial 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.
We are able to complete all self assessment tax returns and will provide details of any amounts payable. We can assist you with all compliance issues such as the completion of forms P11D, corporation tax, PAYE and VAT Returns, etc.
We also do:
- Company purchase of own shares
- Tax efficient extraction of profits
- Enterprise management incentive schemes
- PAYE health checks
- Disincorporation
- Buying or selling a company
- Company reorganisation
Personal Taxation:
- Own car or Company car?
- Tax efficient remuneration packages
- The national minimum wage
- Planning for retirement / Stakeholder pensions
- Inheritance tax - the voluntary tax?
- Tax planning with Trusts
- Passing on the family business
- Consequences of incorporation
- Advice on tax efficient investments
- Partnership planning
- Termination payments
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