We aren’t just there to make sure the compliance work is completed; we also want to help to support your business. This could be by helping you to run the business more efficiently and profitably by helping to take on some of the tasks that currently stop you doing what you want to do in the business, or by pro-active providing advice at regular intervals to help you drive your business forward.
Business planning and forecasts
Why are you in business? Every business should plan ahead to ensure success, how you monitor success is up to you. It could be profitability, turnover levels or market share but might be achievement of specific project goals or a work life balance. Planning often gets overlooked due to daily business pressures but financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust. Once these plans are prepared it is important that these plans are revisited regularly and we can organise quarterly/six monthly or annual meetings to make sure you are assessing how the business plans are progressing.
Bookkeeping – getting ready for Making Tax Digital
Making tax digital is coming! It is being rolled out starting with smaller businesses from 2017 so now is the time to ensure that your bookkeeping is up to date and in a format that can be accepted by HMRC electronically. We are recommending that clients move away from paper based systems and spreadsheets where possible to proper accounting packages. There are several packages available and we work with many of them, but in particular we recommend FreeAgent.
FreeAgent have provided a very useful summary of what you need to be doing to prepare for making tax digital
Bookkeeping can be a time consuming task, but is a necessity and if done well can provide you with useful management information. We can help you with all your general bookkeeping requirements, either at your offices or at our office. You can either present us with a pile of paperwork or just partially completed data to add the finishing touches in order to create your own management information. If you do not employ a bookkeeper then we can help you find one, take up the role or help you recruit the right person for your business.
Good bookkeeping can help to reduce the time needed to prepare accounts, which could reduce your accountancy fees. If you need additional training to bring your bookkeeping up to scratch we can also provide you with this.
Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. We can address this by installing payroll software and training your staff. Alternatively outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We work closely with AFH Payroll Solutions who provide the complete service, whatever the size or complexity of your business. They will ensure that you calculate statutory payments correctly, pay the correct minimum wage etc. Our close relationship with the AFH Payroll Solutions team means that tax efficient salary strategies for directors are actioned quickly and information is provided promptly to us to prepare your year-end accounts.
Up to date and regular management information is essential to the continued success of any business. We 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 also provide a jargon free summary of what your accounting information is telling you.
Require more information?
If you would like more information or would like to speak to us direct then call us on +44 (0) 1323 416500. Or if you would prefer, ask us a question online.