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411 University St, Seattle, USA

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Accountancy

Taxation and Planning

It is important that returns are filed on time and are correctly completed. There is also a requirement to retain your records for the appropriate length of time. Expert advice is essential as the enquiry powers and penalties imposed by HMRC are increasing all the time.

We will deal with HMRC on your Taxation affairs taking the worry away from you.

As well as completing your Self Assessment Tax return, we can provide you with advice on your Tax position and the Tax planning opportunities which are available to you. We will complete all Tax computations and Tax returns on your behalf, also calculating your Tax liability and advising you on when and how much Tax you need to pay. All Corporation Tax computations and returns will be completed in respect of Limited Company clients.

Accounts Preparation

We use the latest accountancy software and have dedicated staff available to prepare your accounts. Whether you maintain your own bookkeeping records or assign us to provide the service, we would be happy to prepare your accounts for you.

A complete set of balance sheet with related notes to the accounts with a profit and loss statement or an income and expenditure statement.

Having accounts prepared annually for your business not only helps you understand your business performance more, but can also provide you with greater standing in the eyes of external parties, such as your bank, if you are looking to expand and are looking for a bank loan to help with the expansion.

Book Keeping

Our book keeping service can aid the improvement of management efficiency by providing enhanced information, at the right time, for a cost which is more attractive in comparison to employing an in-house bookkeeper. We cover all kinds of day books including sales, purchases, receipts and payments.

Experience has found that our clients benefit from a comprehensive service ranging from full bookkeeping to regular management accounts, including bank reconciliation, creditors ledger, debtors ledger, nominal ledger and VAT returns.

In addition to this, we specialise in the set-up or overhaul of your accounting system, ranging from the chart of accounts structure to software implementation and training of your staff. Self Assessment can be a complex administrative burden for many people.

Vat Returns

Every business with an annual turnover of £79,000 or more must register for VAT. That means completing the quarterly (or sometimes monthly) forms sent to you by HM Revenue and Customs and paying your VAT liability within one month. For most businesses this is not a fairly simple procedure and it does means keeping adequate records so that your inputs and outputs are readily ascertainable.

We will complete your VAT returns for you accurately, taking into account any specific issues affecting your particular business. We not only complete your quarterly returns but also act as your agent, compute you vat control and reconciliation.

Self Assessment
More than a million people a year get fined for failing to submit their self assessment and the worrying fact is that one in every four submission is incorrect. It’s the peace of mind you enjoy with us and you do not need to worry. Our professional ensures your timely submission with highest quality of accuracy which leaves you with no hassle or stress. This includes CIS returns and tax rebates. We generally look at the following while completing your self-assessment:
  • Employment income
  • Dividend as per the dividend vouchers
  • Interest income
  • Pensions
  • State benefits
  • Rental income
Management Accounts

We prepare periodic management accounts on your behalf and help you set-up internal systems to generate the information. We will help you in the insight analysis of your business and its performance.

Regardless of the fact that your book keeping is handled by us or by yourself, having the numbers is one thing and interpreting them is another. Our experts can put a set of figures into perspective and be able to discuss them with you to determine what management accounts actually read about the state of your business.

Production of monthly or quarterly management accounts provide business owners, managers, and other key decision makers with the information they need to monitor, guide and improve their business operations. Management Accounts are an excellent way to prepare for the sale of a business, particularly during a due diligence exercise.

Financial Managment

Financial Accounts

Besides helping you meet the statutory requirements, when preparing your Accounts we also take the opportunity to conduct a review of your financial systems. This can often lead to us identifying potential problem areas and recommending opportunities to improve the performance of your business and consider Tax-planning strategies.

We can prepare Accounts for all types of business including Sole Traders, Partnerships and Limited Companies.

We see the preparation of your annual Accounts as an opportunity for your business to enhance its external image. Displaying a professional report can have a significant positive impact on the perceptions of third parties, including customers, suppliers and potential finance sources and investors.

Management Accounts

We prepare periodic management accounts on your behalf and help you set-up internal systems to generate the information. We will help you in the insight analysis of your business and its performance.

Regardless of the fact that your book keeping is handled by us or by yourself, having the numbers is one thing and interpreting them is another. Our experts can put a set of figures into perspective and be able to discuss them with you to determine what management accounts actually read about the state of your business.

Production of monthly or quarterly management accounts provide business owners, managers, and other key decision makers with the information they need to monitor, guide and improve their business operations. Management Accounts are an excellent way to prepare for the sale of a business, particularly during a due diligence exercise.

Budget and Forecasts

Budgeting and forecasting are vital processes for almost all organizations. It is essential to determine what the company should be achieving in long term and how it is progressing on a regular basis to reach targets and yield profit improvements. Understanding past performance and translating that insight into futuristic targets to line up business results with the overall strategy is a key dynamic.

Budgets are a detailed projection of cash inflow/outflow for a fixed period in time and are created and approved before the start of the period. They are based on varied assumptions depending on internal and external circumstances. Once created, they are set in stone and any changes would change the forecasts while creating positive and negative variances.

Cost Tracking and Allocation

Most of the small and medium sized businesses due to lack of finance knowledge tend to lose track of the actual cost of the business. Our expert team with full knowledge of all the costing heads can help in providing a complete actual cost tracking model. Cost need to be correctly allocated and absorbed in the right cost centres. We would, with our specialist recommendation help you in correctly streamlining the costs to the correct work orders.

Reconciliations

No matter how complex your accounting reconciliation gets to be we will do it for you. Effective management of account reconciliation activities greatly increases ability to proactively identify and resolve financial issues that could result in misstatements in financial and management accounting and reporting records. We help you in your recurring problems with account reconciliations and the practices that can improve their effectiveness and efficiency.

Reporting

Our core responsibility is to report to our clients. We would help you to compile a set of reports which will help you in summarizing the As-Is situation. This can be anything from financial reports with commentaries to any kind of presentational based or tabular reports or can be your monthly payroll reports, project reports, job reports, performance reports etc.

We can also help you build reports at corporate, department or portfolio levels based specifically based on your requirements. Reports can be your monthly payroll reports, project reports, job reports, performance reports etc.

Cash Flow Statement

Cash flow is the most vital organ for the business existence. These statements help define the liquid sustainability of the business. All businesses need a strong cash flow solution to make their plans a reality, whether that’s paying staff wages, fulfilling orders, buying new equipment or simply investing in new opportunities. The gap between paying for materials and receiving payment from your customers is where cash flow problems begin. For businesses of all sizes, this is a challenge.

We will not only ensure to show you the correct picture of your cash flows but also help you forecast your cash flows for the future period and help you in achieving methods to counter measure any negative cash positions.

Ratio and Trend Analysis

Ratio analysis is an effective way to understand the financial performance of a business. It involves calculating and analysing a series of financial ratios based on financial statements. When combined with trend analysis (reviewing the pattern or trend of measures over time), ratio analysis provides powerful insights into the financial strength of the business. There are many well-established ratios that can provide a good starting point for ratio analysis.

Ratio and trends can also help in maximizing your profits as profits are the core of every business operation. Through ongoing analysis of the Management Accounts, particularly fixed and variable costs, we can identify where savings can be made – crucial for profit enhancement.

Key Performance Indicators

Developed from the overall Business Plan, KPIs add essential commercial value by providing a high level overview of the business performance. KPI is simply a metric that is tied to a target and most often it represents how far a metric is above or below a predetermined target.

Our experts would track performance against established key success factors. We will define your business objectives on corporate, department and portfolio level. For example, a retail business may want to report the average basket sale per customer, while a manufacturing company may want to monitor the amount of production downtime.

Payroll and Human Resource Management

We do it for you

We relieve you of the stresses involved with the day to day running of a payroll department so you can spend more time on core business. We can manage the whole payroll operation, including data capture, processing, printing, distribution and reporting. This means we will take care of all changes in legislation, sickness/absence benefits, overtime etc. This also includes Payments to staff, the HMRC, payslip printing and dispatch, year end reports prepared in accordance with HMRC requirements and if desired, submitted on your behalf.

Do it together
We help ambitious businesses like yours generate more profits by building awareness, driving web traffic, connecting with customers, and growing overall sales. Give us a call.
P11Ds

Do you find completion and submission of P11D a big question mark? P11D can be a real pain specially with tight deadlines calculation complexity. It also creates a fear of HMRC fines and penalties. We offer you a complete service from completion to submission.

We ensure to save your time in administration, saving from penalties and fines, accuracy in complex calculations and fully compliant with the latest legislations.

Timesheet Management

Time spend by an employee cost the business and is quite essential as to what activities or workstream an employee is working on. Regardless of an employee being a contractor or a permanent staff or temporary worker or performance based worker, a business needs to ascertain the value added by the employee.

We can help you monitor and control the time management and link it to the payroll. We can automate your routine business processes, eliminate administrative tasks, and monitor labour activities as they happen allowing you time to make better business decisions that could be a huge financial saving and more concentration on the core business activities.

Payroll Reporting and Analysis

Our payroll management comes with an extra value add of reporting and analysis. We will not only run your payroll service but also report. Our reports will give you details and summary for the week, fortnight or month depending on your payment run with an accumulated view since the start of the year and a comparison with last year. Not only this but we will also forecast your payroll for the remaining year. Included in our reports is analysis on your payroll. Analysis consists of our suggestion and advice from cost saving and tax planning point of view and also include the industry ratios and norms.

Employee and Candidate Checks

We have saved our clients a lot of hassle around security, credit, CCJs, previous employment and history checks when it comes to new employees or candidates. Regardless of you being in recruitment, security, financial sector, manufacturing, education or any kind of business concern we follow rigorous process to complete the vetting.

Our service is designed to be simple, efficient and put our customers in control. Our vetting provides a written reference from an employer or personal referee, typically covering company name, period of employment and position on leaving. Reports are provided via email in 5-10 working days.

CV Screening and Application Processing

Going through the job applications, CVs, candidate enquiries etc can be the most cumbersome and timetaking tasks which no employer or a recruitment business wants to go through. Most agencies now are using CV screening softwares which though is a relief but not a complete solution.

We give you and your candidate a personalized service and offer you to outsource this pestering process to us and get the final resultants based on your required criteria. This does not ends here; rather we take a step ahead and can also offer a bureau office on your behalf and screen the CVs with one to one discussions with the candidates.

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