Services

Business Plan

Even the smallest business can benefit from writing up a business plan.

In short, a business plan allows you to communicate your vision to others and persuade them to help you meet your goals. It will include thorough market research and detailed information about your marketing strategies, target audience, staff, obstacles and goals.

If you intend to seek financing for your business, you must have a business plan. The business plan functions as a prospectus for potential investors. It anticipates capital requirements and predicts cash flow to reassure lenders.

We can help you in preparing a solid business plan that you can not only assist you in obtaining external finance but provide strategic business guidance as well.

Company formation and Company Secretarial Service

Company formation is the process of registering a business as a limited company at Companies House. As a result, the business becomes a distinct legal entity. The process is also referred to as ‘company incorporation’ and ‘company registration’.

When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated businesses are completely separate from their owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets. Such a view is not afforded to unincorporated businesses like sole traders as distinct legal entities.

We can help you in forming the company and managing the onwards compliance / company secretarial work, like filing of annual confirmation statements, appointment and termination of directors, adding and removing shareholder, dissolving the company and many more similar services.

Cloud Accounting

In recent years, cloud technology has revolutionised our day-to-day lives. We post our family photos to Facebook, we pay our household bills through online banking and we use our smartphones to check our email on the move.

So, if we are utilising the cloud in our everyday lives, why are we not doing the same in our business lives? Cloud accounting software is just like other accounting software. Except, the data is stored on remote, external servers. When users interact with data in cloud accounting software, the data is processed, then immediately stored. The biggest difference in cloud storage versus traditional storage is where the data lives, externally instead of internally.

Cloud-based accounting apps offer several core benefits to any business in every situation: 

• Accounting solution access anywhere, anytime
• Faster billing and accounting tasks through automation 
• More accurate, real-time accounting data
• Collaboration with staff regardless of physical location
• Enhanced security because accounting data is stored on the Cloud

We can help you in managing your business accounts on any cloud accounting software. Particularly we are managing hundreds of clients on popular cloud accounting software’s including Quick Books Online, Xero and FreeAgent. Get in touch with us to see how we can help you in moving and managing your accounts and bookkeeping online.

Bookkeeping

You can’t run a healthy, successful business without having your books in order. It’s like driving a car without a map or fuel gauge - sooner or later you’re going to get lost or run out of gas.

We can help you with all your general bookkeeping requirements, either at your business premises or through our online bookkeeping model. Maybe you need help writing up the books or just want us to add the finishing touches to the information in order to create your own management information.

You can provide us (by post, by e-mail, or simply take snaps):

• Sales invoices and records of income
• Purchase invoices and receipts for expenses
• Bank statements, card statements and loan statements
• Details of payments made to employees
• Details of any cash payments / or any expenses book you have maintained

From above we will complete the bookkeeping in excel or in cloud accounting software as per your requirements. Moreover, after the yearend we can prepare your final accounts as well.

10p Books

Do you know, we have an amazing ‘’10p’’ bookkeeping service model.

Unlike other high street accountants, who charge you based on turnover or a fixed fee per month, we provide a simple 10p per transaction rate. This gives peace of mind to business owners that they are not paying for the service which is not actually received. For example if you have 100 transactions per month then monthly bill will be only £10 (as compared to £25 that a usual high street accountants charge atleast).

Management Accounts

Obtaining regular reliable management information is vital to the continued success of any business.

Let us work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions. We can not only prepare the financial management accounts that usually include profit and loss account, balance sheet, cash flows but also provide management reports like variance analysis, trend analysis and many more. Get in touch with us to discuss your management accounting requirements and we will be happy to help.

Company accounts and taxes / Yearend Accounts

Every company needs to submit final accounts to HMRC and companies house. Timely submission of year end accounts and CT returns is important to avoid punitive actions.

Even if you are a sole trader / self employed you need to complete the end of year accounts to complete the self assessment tax return.

We can help in preparing the end of year accounts, statutory accounts, micro entity accounts, small company accounts, LLP accounts and tax returns to help you in meeting your legal obligations. Just send us your sales invoices / income records, purchase invoices / expenses receipts, bank and card statements and we will take care of it.

Payroll

Running a payroll can be time consuming and complicated and divert resources from the core activities of your business.

With the implementation of Real Time Information, HMRC require information generally on or before the date of payment to the employee. We can help by installing payroll software and training your staff. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We are able to provide the complete service, whatever the size or complexity of your business, or simply provide support when needed.

Corporation tax services

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on 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 due.

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.

Self assessment

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment.

We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

VAT / MTD (Making the Tax Digital)

Ever changing regulations and the growing demands of HMRC mean 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. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

• assistance with VAT registration
• advice on VAT planning and administration
• use of the most appropriate scheme
• VAT control and reconciliation
• help with completing VAT returns
• planning to minimise future problems with HMRC