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 to spend on YOUR core business.
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 Accountants Club Members
and can supply software and hardware,
as well as implementation and
advisory services.
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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,
inefficiencies, and missed opportunities.
Every business owner needs to
invest time in developing a long-term
plan, starting with what you want
to achieve 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
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Business
start-up
Most people who start
up in business do so because they
have a good business proposition,
not necessarily because they are
experts in all the financial and
administrative aspects of running
a business that you also need
to get right in order to succeed.
These factors can often be quite
daunting to the new entrepreneur,
and this is where we can especially
help by evaluating your ideas
and helping you develop them into
a feasible business plan and a
successful 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
and/or potential investors
- Assess your finance requirements
and access the most appropriate
sources of finance
- Help to establish good relationships
with banks, solicitors, and
other necessary professional
advisors via our well established
network of contacts
- Carry out registration procedures
with Companies House, the Inland
Revenue, and/or Customs and
Excise
- Set up an internal accounting
and control system which complies
with statutory requirements
- Set up internal forecasting
and reporting systems which
help you to properly control
your business
To find out how we can help your
ideas become reality call us for
a free initial consultation on
01256 460229 or 07788 148231.
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Business
valuation
One of our key objectives
(and probably one of your key
aims) is to help our clients increase
the value of their business. Using
software specially developed by
the Added Value Network for use
by member organisations, each
year we can carry out a valuation
of your business to help you to
validate that you're on target.
Each annual valuation exercise
will include the preparation of
a detailed report showing the
current value of the business
and ideas on how you can further
increase the value of the business.
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Company
secretarial
When running a hectic
business one of the things that
often gets overlooked is compliance
with the reporting requirements
of the Companies Act ( ie "Company
Secretarial" work).
To assist you here (and it's
not an area you can really afford
to ignore), if you can't afford
to use you limited time making
sure you are complying with the
Companies Act (or don't want to)
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
However, even if you do outsource
this work, you will need a working
knowledge of how this legislation
affects your company and its directors.
To assist you in this, we can
provide appropriate detailed or
overview training.
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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
trends and 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 (normally
monthly) management accounts.
Monitoring and controlling the
financial performance of your
business is of paramount importance
and regular management information
in the right format 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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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.
As with all other services, our
payroll service is comprehensive
and confidential. It 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 (and perhaps especially)
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 in the
appropriate format and filing
them with Companies House for
you.
As we do not agree with a single
firm carrying our bookkeeping
and advisory services AND audit
services, we have made a conscious
decision not to carry out regulatory
audit work. However, we can recommend
a list of 'independent' audit-qualified
accountants for you to choose
from, should you so wish.
(NB: In order to provide an 'independent'
audit we should of course be independent
from our client. This is of course
the last thing that we want to
be, as the success of our business
model - for ourselves as well
as our clients - relies on being
an integral part of your business.
If you are required to have an
audit then we can help you get
your records and accounts into
a condition that will make your
annual audit a short, cheap and
painless process. Please contact
us to find out how we can help
you with this.)
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Corporation
tax
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.
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