Our financial services
We work with individuals and businesses of all sizes throughout the UK with their finance and, as we know all clients have different requirements, simply call us today and we’ll see where we can help.
BOOKKEEPING
Bookkeeping services can be provided to offer back office support across any type of business. Services offered, but not limited to;
P&L and Balance Sheet management
- Monthly Profit and Loss reports.
- Balance sheet reports and current profitability outlined.
- Trial balance checks and reporting.
Bank reconciliations for incoming and outbound payments on accounting software platform
- Allocation of payments received from customers.
- Allocation of payments made to suppliers.
- Check and allocation of all other payments in and out of your account.
Expense claim administration
- Expenses Verified
- Expenses Uploaded
- Expenses Audited
Budgeting and forecasting
- Budgeting for the future with reports showing current position and growth.
- Forecasting for income and costs.
Cash flow management
- Reporting on future cash flow.
- Be prepared for upcoming liabilities to ensure cash liquidity.
- Plan for changed in monthly expenditure.
- Plan for capital investments.
VAT Returns
- Submission of VAT through HMRC verified accounting software to comply with Making Tax Digital regulations.
- Reconciliation of sales invoices to check output tax is correct.
- Reconciliation of VAT on purchases to ensure the correct amount of input tax is reported.
- Checking of any adjustments in previous periods.
PAYE/CIS Returns
- Submission of returns for PAYE to the HMRC.
- Submission of returns for VIS as a contractor to the HMRC.
- Check of any CIS suffered and submissions as a subcontractor to offset against any payments.
- Reconciliation against HMRC Gateway.
- Payment to the HMRC either advised or completed for you.
BANKING
On top of bank reconciliations through the accounting software there is the facility for making individual and batch payments to suppliers or workers.
- Making payments on your behalf to suppliers, HMRC and any other outbound payments
- Paying batches of payments to suppliers or workers.
- Reconciliations at time intervals to suit your business needs.
- Cash flow management to understand pinch points and forecast business needs.
SELF-ASSESSMENTS
Yearly self-assessment calculation and submission to the HMRC can be provided for anyone from CIS worker on site to company director.
- Self-employed worker self-assessments, whether in CIS or not.
- All company directors need to submit a self-assessment as part of their obligations.
- Packages available for self-assessments for directors of the same company.
CREDIT / DEBIT CONTROL
Using payables and receivables from the accounting software, reports can be provided to show what money is due in from customers and what is due to be paid out to supplies. The option is also available to work directly with your customers to get outstanding balances paid.
- Management of credit control function.
- Chasing customers for payments.
- Using bank reconciliations to provide statements to customers.
- Reporting on aged receivables.
- Management of debit control function.
- Ensuring payments to suppliers paid in the correct timescales.
- Reporting on aged payables to monitor payments due.
YEAR END ACCOUNTS
Calculation and submission of financial year end accounts to Companies House and HMRC. Corporation tax liability and details of when and how to pay provided.
- Computation of financial year end accounts.
- Checking of previous financial years to ensure correct amount of tax is paid.
- Submission to the HRMC and Companies House.
- Calculation of Corporation Tax and due.
- Advise of when and how to pay Corporation Tax.
- Payment of Corporation Tax completed for you.
HMRC
Registration for Corporation Tax, PAYE/CIS and VAT (including Making Tax Digital) can be completed for you.
As speaking to the HMRC can be daunting and confusing, the option is available for this to be performed on your behalf. By registering as the agent, direct communication with the different sections of the HMRC can be taken out of your hands.
- Registration for VAT (including signing up for Making Tax Digital)
- PAYE registration.
- CIS registration for both contractor and subcontractor.
- General queries with the HMRC.
Get in touch with us
Want to speak to us to see where we can help with your finances? Simply fill in our quick and easy form below or give us a call on 0330 912 0926 today.