How we support small businesses
Whatever your idea, we want to make sure your business is set up in the best structure for the long-term and we will advise you on the pros and cons of each structure. Once you've been briefed, we could set up a limited company on the same day if that is the route you decide to go down and we can put everything in place for you to begin trading straight away.
Bookkeeping is the bread and butter of accountancy and company law states that businesses are required to maintain complete records of all financial transactions during the year. We can process all of your transactions, however frequently you need it, with great accuracy and reconcile the records against your bank statements.
We can also scan and attach the relevant paperwork against the transactions to save you having to store paper records for six years.
After all transactions are up-to-date, we'll shift some things around to make sure everything is in the correct period. We'll then generate reports to show how the business is currently performing against its budget and other KPIs and provide any analysis and advice based on the reports. We will also sit down with you to understand what further management information you need to efficiently run your organisation and how best we can incorporate these into the reports we provide. We will also work with you to produce cashflow reports and forecasts to make sure the business doesn't suffer from unexpected cash shortages.
Companies must file accounts to Companies House every year within 9 months of year-end. We will prepare compliant and accurate accounts and also talk you through the accounts without using any finance jargon so you feel as involved in the process as you want it to be. We will also provide advice on how to improve record-keeping and efficiencies in the coming year.
Along with year-end accounts, companies must file a corporation tax return to the HMRC within 10 months of its financial year-end. We also have software which produces an iXBRL tagged version of your accounts which can be attached to your tax return and filed online for ease.
We can also provide personal tax returns for directors of companies or self-employed people.
Training equips you and your staff to create efficiencies throughout your organisation. This can be in the form of using software, collecting information, internal processes, etc. Our training is tailored to your needs so simply ask us what you would like to know and we would be more than happy to create a tailored training session specifically for you.