Making Tax Digital is a bold initiative, which has come from a practical need to improve the accuracy of people’s individual tax affairs, while effectively signalling the end of the...
You may have a very fixed idea of what accountancy involves, but you might be surprised at how versatile and varied our accountancy services can be.
We have the opportunity to work with a wide range of businesses, so we have to have the adaptability to apply our expertise in different circumstances, addressing the specific issues our clients bring to us.
However, there are the crucial, core services we provide, that form the foundation for our work and the support we can offer SMEs in Burnley and across the North West.
Bookkeeping, the Basics and Accounting Support
This is the meat and potatoes stuff, the accounting basics every business should have. It doesn’t matter what paperwork you have, or even what system you’re using (and we know from experience that for some people not having a system is their system), we can help.
We can work with what you’ve already got, or we can install a new system that will work for your specific business requirements. Alternatively, we can do your paperwork on our system.
The important thing is that we’ll sort out your paperwork, including purchase ledger, sales ledger, nominal ledger, bank reconciliations, registering fixed assets and sales valuations.
End of year tax returns are a big issue, but with our full support, we’ll make them more than manageable for you.
Whatever level of reporting you require, whether it’s annually, half-yearly, quarterly or even monthly, we’ll put the systems in place to make sure you get the information you need to manage your business effectively.
Payroll, Pensions and Auto-enrolment
For many SMEs, running payroll is a bigger challenge than they imagined, because it’s a step up to look after your employees if you began life as a sole trader or partnership.
There are two key areas where businesses often encounter payroll difficulties. One is with regulation and compliance, the other is simply having the time to apply themselves to the task.
We can address both areas, in keeping your payroll up to date with any legislative changes, so that you’re always fully compliant; and in taking the time-consuming burden of payroll off your shoulders. This should leave you free to focus on the aspects of your business that are your area of expertise.
We can look at employee status for you too, and National Insurance.
Pensions are another area of potential difficulty and confusion especially with the Government’s auto enrolment coming into force by February 2018. This will require employers to automatically enrol employees into a pension scheme.
It’s a good idea, but again, if you don’t have the knowledge, or time, then it can feel like one more pressure you don’t need. But we’re here to help.
We’ll ensure your auto enrolment runs smoothly for your employees and your business.
Are you VAT registered, or do you want or need to be? We’ll get you set up for VAT, and we can sort out your returns too. And if you have any problems or disputes with your VAT, or need to plan ahead, we can do that for you as well.
We provide advice for basic tax compliance, and we can look at more specialist areas for you.
We’ll sort out your returns, and we know all about corporation tax, and if HMRC comes knocking, we can deal with their enquiries and investigations on your behalf.
For many businesses and individuals, taxation is another area of potential confusion and stress. We’ll take the mystery out of it, and help you gain the clarity to help you manage your tax affairs in a systematic and smooth manner. It doesn’t matter whether you’re self-employed or a limited company, we’ll help you sort your taxation out.
Making Tax Digital for Business (MTDfB)
The UK Government is introducing reforms, which will require that businesses keep records of income and expenditure digitally, and that they send digital summary updates quarterly to HMRC.
We don’t want this government policy to be the sort of challenge that distracts you from your core business goals, so we’ll work with you to get your tax affairs sorted out ready for using the new digital service from April 2018.
Credit Control and Getting Paid
Cash-flow represents a headache, and sometimes a major threat, to SMEs and startups. If you leave credit control too late, things can get tricky, if not lethal.
Don’t assume that the job’s done once you’ve sent your invoice. Having a proper credit control process in place represents a sound, belt and braces approach to your finances.
We can develop a process specifically tailored to fit your business requirements. Not only will it be affordable, but it will virtually pay for itself with the trouble, and money, it can save you.
Business Support and Advice
What assistance you need to face the future alongside taking stock of your accomplishments and your current situation, we can provide it. Sometimes a different, outside perspective is what you need to help you forge the best path forward.
We offer business support and advice to help you see what’s coming, and to consolidate what you’ve already built. Forecasting and business plans are essential aids to growth and we can ensure all your
plans are clear and well thought-out. This support can include company secretarial services.
As accountants, we believe in providing added value to our clients by offering them a bespoke business consultancy service, to help them plan ahead while making the most of the resources they have.
Monthly Accounting Offer
Accounting is at its most effective when its regular, when we can work closely with you to ensure you’re on the right track.
With this in mind, we’ve introduced a Monthly Accounting Package (MAP), that gives you an affordable option for our accounting essentials, which includes:
- cloud accounting software;
- fully compliant annual accounts;
- corporation tax for HMRC;
- self assessment tax return;
- year end accounts finalisation;
- confirmation statement;
- company secretarial services;
- payroll and pensions processing, including auto enrolment; and
- VAT returns.
We’ll also help you keep on top of your finances with regular, useful proactive business and accounting advice.
Get in Touch
Interested in getting your accounting sorted out and benefiting from our business support and advice? Give us a call on 01282 902456, email email@example.com or visit the contact page on our website and fill in the contact form – we’ll reply as soon as possible.