Supporting small businesses to be successful is our bread and butter.
Small businesses are vital to our economy, not only do they account for 90% of all businesses across OECD (The Organisation for Economic Co-operation and Development) countries, they also account for three fifths of employment in the UK’s private sector.
As a small business ourselves, we know how to provide the very best support to help your business grow. We know how stressful sorting your accounts and navigating a payroll can be when you’re trying to focus on KPIs, developments and moving forward. We take ownership of the services you request and ensure that you can have time to focus on what you do best.
Accurate bookkeeping is an essential requirement growing a businesses. Just like you, we’re hungry for success; our specialist team will provide you with valuable insights on your financial affairs so that you can achieve just that.
Startups…we’ve been there, done that and got the t-shirt . When you’re first setting up, things can feel daunting, stressful and uncertain, but most of all exciting! You’ll want someone to support you through it who has been there themselves and has vast experience in a range of businesses, that’s where we come in.
We start by listening and then listening some more. It’s important that we learn everything about your startup, not just where you began and where you are now, but where you want to be. From there we’ll be able to offer our advice and expertise. From everything to setting up your company to Quick Books or Xero add-ons and apps.
Our bookkeeping service includes the following:
Purchase invoice posting
Supplier payment runs
Posting and reconciliation of bank, cash and credit card accounts
Invoice discounting/factoring reporting and reconciliations
VAT return submission
Dividend minutes and vouchers
Cloud accounting software
Submission of a year-end file to your accountant
Our service is also Making Tax Digital (MTD) compliant.
Every business has different profit drivers and key performance indicators. It’s not uncommon for businesses to have multiple income streams, often some are much more profitable than others but the Directors don’t know which due to a lack of data.
Far too many small businesses lack the resources/support to create a financial plan. We firmly believe that every business should have a budget covering at least, the next 12 months. Having a budget and or forecast also facilitates context when analysis management accounts. With this information you can also ask questions such as, are we ahead or behind of our expectations, and if we are behind, what are the implications of this on our cash flow? Being able to predict cash shortages enables you to take action before they become an issue.
The principle of our management accounting service is that we structure your accounts and reporting in a way that supports analysis. So you know why the results are what they are and what that means for the future.
Outsourcing your payroll
For organisations with fewer than 500 employees, it does not make commercial sense to employ a payroll specialist. It’s at this point you should consider outsourcing your payroll service to a trusted and experienced advisor. Our payroll bureau caters to businesses of varying sizes from across a breath of different industries.
Since the introduction of Real Time Information (RTI) and auto-enrolment, payroll should really be performed by specialist, experienced staff.
The consequences of getting your payroll wrong are obviously upsetting your workforce, but also a punitive penalty regime for HMRC payroll submissions filed after the date of payment. HMRC penalties range from £100 to £300 for each month containing a late filing.
Our outsourced payroll service is the perfect solution for any small business and comes with auto-enrolment administration/compliance as standard.
Your employees data is important, so let’s keep it that way. We have robust security facilities to ensure your data is safe and secure.