You have your own client work, and maybe even patients and clinics to run. Who wants to be doing financial paperwork during the evening and weekend? This is where we can help. We cover the basics such as your year-end accounts, bookkeeping, tax, VAT and the rest, but we’ll also advise you on how to set up your financial processes and reports to make it easy to see how your business is performing.
Relationships are at the heart of what we do. This is why most of our clients take up our offer to meet for a quarterly chat as a chance to discuss financial performance, plan for the future, and identify potential areas for growth.
Our comprehensive accounting services provide more than just numbers – you’ll get insights, strategies, and peace of mind, allowing you to focus on what matters most: building your business.
Accounting Services for Businesses
Maintaining up-to-date accounting records offers real-time visibility into your transactions, empowering informed decision-making.
Our bookkeeping service allows you to see your transactions in real-time as they happen. With Xero or Sage software, generating financial statements such as Balance Sheets and Income Statements is effortless.
Our bookkeeping service also extends to producing management accounts and other management information, providing crucial insights.
By optimising your tax strategy you can minimise liabilities and maximise savings, allowing your business to thrive.
With our meticulous tax services, we ensure not only compliance but also strategic tax planning.
We offer expert advice in:
Corporation Tax
Income Tax
Property Tax
R&D Tax Relief
Tax Investigations
VAT and Making Tax Digital (MTD)
Outsourcing your payroll means you’ll always be up to speed on the latest employment and workplace pension regulations.
Our HMRC-compliant payroll service guarantees efficiency and accuracy, saving you time and ensuring compliance with ever-changing regulations. With seamless integration of workplace pensions and automatic enrolment management, your payroll responsibilities will be hassle-free.
If you outsource your payroll with us, we will:
Save you time and money
Keep you informed of all relevant legislation
Automatically apply minimum wage rates as applicable
Deal with HMRC on your behalf
Calculate payments for staff holidays and sickness
The process is straightforward:
Once we have all your employees’ personal details and year-to-date figures, you simply email us each employee’s hours.
Then, we produce payslips and email these back to you or your employees, along with details of any HMRC PAYE liability.
We deal with the issue of P45s and new tax codes and are happy to resend any past payslips or reports without charging an additional fee.
Workplace pensions
To ensure you fully meet your workplace pension duties, we can fully integrate both employer and employee contributions within our payroll service.
It’s also important to understand that your duties as an employer don’t stop with auto enrolment. Once every three years, certain members of staff must be “re-enrolled” back into the pension scheme. We ensure that these re-enrolment invitations are sent out to applicable staff members so that you remain compliant.
Our payroll software
Company accounts summarise the financial activity of your business over a 12-month period. They are prepared for Companies House and HM Revenue and Customs and include a Balance Sheet and Profit & Loss Statement.
You will have a deadline for filing to Companies House no later than nine months after the end of your Accounting Reference Date (ARD).
Annual accounts must also be submitted to HMRC no later than 12 months after your accounting period ends.
We’ll handle the preparation and submission of your annual accounts, ensuring timely compliance with Companies House and HMRC regulations. With our expertise, you can avoid late filing penalties and focus on your business operations with complete peace of mind.
Having regular, reliable management information is vital. Why? Because in order to know if your business is on the right track, you need to understand your past, present and future financial position.
Gain valuable insights into your business performance with our tailored management accounts.
We’ll work closely with you to understand what makes your business tick. We provide expert analysis and recommendations to drive cost savings, improve profits, and foster growth, empowering you to make informed decisions.
We offer:
Monthly management accounts
Quarterly management accounts
You get:
Clear, easy-to-understand management information
Insights into your past and current performance
Real-time data to make sound business decisions.
If your business is VAT registered, you must submit your VAT returns digitally, using approved HMRC software. Stay ahead of digital tax requirements with our Making Tax Digital (MTD) solutions.
HMRC will now issue penalties for not keeping complete and ‘adequate’ digital records for VAT returns: copy and paste data is no longer sufficient.
If your business has not yet fully embraced digital VAT reporting, you need to do so now.
We offer a seamless transition to digital VAT reporting, ensuring compliance with HMRC regulations. Our expertise in cloud accounting software ensures your business stays MTD-compatible and future-proof.
What software will I need to be MTD compatible?
You will need to use what is known as ‘functional compatible software’ to comply with HMRC requirements – this is a software that connects to HMRC’s systems via an Application Programming Interface (API). It can be a single programme or a set of programmes, as long as those programmes are ‘digitally linked’.
Your software must be able to:
Retain and preserve records digitally
Create VAT returns and send them to HMRC digitally
Voluntarily provide HMRC with VAT data
Receive information from HMRC that your business has complied.
How will the rules differ regarding digital records?
The major difference is that you’ll be required to submit your digital records at least once every three months.
Your business will also be required to maintain records for your VAT account. All digital records will need to be retained for a minimum of six years.
The Companies Act requires companies to submit various documents within strict time limits. Failure to comply can result in potentially severe penalties.
Our job is to relieve you of the worry with your company secretarial duties: with us at the helm, you can have peace of mind that all necessary documents will be prepared and submitted on time. We have a meticulous approach to help you avoid penalties and maintain regulatory compliance effortlessly.
