No matter if you’re planning on setting up as a sole trader, or you want to establish a business with multiple employees, we’re here to support you. Among our team, we have extensive experience in setting up businesses and can make the process as smooth and simple for you as possible.
Our accountancy services for new start-ups include:
• Advising on what type of business you should establish – it could be a sole trader, partnership, limited company, LLP or PLC
• Informing you of, and supporting you throughout, company formation procedures
• Preparing a business plan, including projections and cash flow
• Arranging finance to get your new business off the ground
• Showing you the basics of bookkeeping and helping you to implement procedures and systems for successful management of your business
• Planning for tax and adopting tax-efficient business practices
Setting up a new company, no matter what type of business it is or its size, can be complex. We strongly recommend that you seek advice from us right at the start, rather than risk getting caught out due to unexpected problems. We can assess your business proposals, give you realistic and constructive feedback, and help you to tweak your business plan so that you can set out on the road to success from the very start of your new enterprise.
Our bookkeeping accountancy services are provided all over the UK. We can perform our bookkeeping duties either on-site at your premises, or remotely from our head office in London. We can even combine the two should you require it – we’ll develop a bespoke bookkeeping service to satisfy the needs of your unique business.
We think it’s important to add a personal touch to our bookkeeping services; we get to know our clients’ businesses inside out and work really closely with each and every one. This allows us to completely align our services with the way your business is run.
Our aim is to provide you with all the support you need to adhere to HMRC and payroll legislation while providing you with an affordable, valuable service. Our flexible nature allows us to provide precisely the right amount of support that your business requires, leaving you with more time to focus on growing your company.
From providing you with payroll software to use in-house, to offering a fully-managed payroll service, we can offer varying levels of service depending on your needs. We can reduce admin and the risk of non-compliance by taking care of all your CIS needs, and we can even organise monthly returns, payments and deduction statements for contractors and sub-contractors. For highly competitive rates, we can also:
• Provide you with the very latest advice on streamlining your payroll systems
• Prepare payslips for you
• Complete all your end of year returns
• Handle your PAYE and NI deductions
• Set up your auto-enrolment compliance and processing
• Provide a dedicated account manager to support you with all your queries regarding payroll and CIS
It’s not uncommon for businesses of all sizes to miss the deadline for VAT returns, given how complex and stressful the process is. Unfortunately, though, missing the deadline has two serious consequences – a late penalty, and a bad reputation with HMRC. Why not save yourself a headache and allow us to help?
We can:
• Handle VAT registration and deregistration
• Complete and submit your VAT returns for you
• Give valuable advice about choosing the right VAT flat rate scheme or partial exemption method
As one of the most critical aspects of running a business, it’s crucial that you maintain comprehensive accounts to comply with HMRC. However, for busy businesses this process can be time-consuming and complex.
Our compliance accountancy services can take the pressure off. Our qualified team can do everything from preparing the end of year accounts to analysing your budgets and forecasts. We’ll also give you actionable advice on how to better manage your company’s balances, cash flow and stock in order to help you take your business to new levels of success.
Our accounts services include:
• Preparation and submission of year-end accounts
• Preparation of monthly management accounts
• Creation of cash flow statements, balance sheets and profit/loss statements
• Creation of customised finance reports
• Analysis of budgets
• Liaison with HMRC on your behalf
• Notification of tax due and deadlines
Cash flow projections
Accurate cash flow projections are essential for any business; not only do they allow management to make the most well-informed decisions, but they’re also crucial when it comes to raising finance for expansion.
Our professional accountants are experts in cash flow projections, business projections and budgeting. We can tailor the level of service we provide to suit your business or potential funders, and by choosing us to handle your projections you can rest assured that future business plans will be made with the most reliable, accurate figures in mind.
Business plans
Whether your business is just starting up, you have big plans for expansion, or need to rationalise your operations, professional business plans are a must. From researching and modelling to performing feasibility studies and forecasting, and even finding the most suitable sources of funding, we’re here to help you perfect every aspect of your business plan.
We’ll be sure to get to know you and your business in as much detail as possible so that, together, we can create a business plan that gives an accurate overview of your intentions, meets the criteria demanded by potential funders, and helps you to carry out your strategy with success.
Closing down a business can be a turbulent process, and our job is to help make it as smooth as possible. Whatever your reasons for shutting up shop, we’ll help formulate the best strategy – it could be an informal striking off, voluntary liquidation, or if you only want a temporary solution, becoming a dormant company.
Professional and experienced, our accountancy team will explain all your options to you so that you can follow a closure strategy that works best for you and your business. They’ll then take care of all the paperwork so that you can focus on your next career move.
Does the self-assessment process seem daunting? Are you unsure about registering with the CIS? Do you ever wonder how your business could become more tax efficient? Don’t worry – we’re here to help answer all your pressing questions about sole trading and partnerships.
Our accountancy services can guide you through all aspects of setting up a new business. We can also help you navigate your way around your annual tax return by preparing and submitting your paperwork and dealing with HMRC for you whenever necessary.
Running your own business is exciting, particularly when you’re kept busy with record numbers of new customers. Unfortunately, though, busy sole traders and small businesses struggle to find the time to keep on top of their bookkeeping, particularly when business is booming. Our accountancy services are designed to take the pressure off and make bookkeeping as simple as possible. That means you can get on with doing what you do best – keeping your customers happy.
Nothing is more stressful than having to deal with a tax investigation, and with these on the up among some key trades and professions, more businesses than ever are being put under pressure in their liaisons with HMRC. Let us help.
With our tax investigations accountancy services, you can allow us to take care of all your correspondence with HMRC. We’ll attend meetings on your behalf and, if necessary, appeal any negative outcomes of your investigation. The best part is, if you’ve taken out tax investigation cover with us, you won’t have to pay us a penny for these services.
We’re also happy to help with any other tax enquiries you might have. We’re experts in the fields of tax and accounting for limited companies, so no matter if you want tips on CIS to general advice on becoming more tax efficient, we’ve got your back. Our qualified, talented professionals can oversee all aspects of your accountancy process to ensure you’re doing things the right way.
Property is usually the biggest financial commitments you’ll ever find yourself making, so you can’t afford to get things wrong when it comes to mortgages. Luckily, we’re here to provide you with all the advice you need. We’ll take the time to get to know your unique circumstances and find the best mortgage products for you. No matter if you’re a first time buyer, a seasoned homeowner looking to remortgage, or a buy-to-let investor, our trained mortgage advisers will help you find the perfect mortgage as well as the most appropriate home insurance and life insurance policies to protect your investment.
First time buyers
Getting on the property ladder is tough, and many first time buyers face restricted mortgage options due to soaring prices and low deposits. We’ll assess all of your options thoroughly to find you the very best deals, and give you all the advice and support you need to help you get onto the property ladder with minimum stress.
Remortgages
Remortgaging is often a great way to save money, particularly if you’re currently paying a standard variable rate. It also allows you to borrow money against your home in order to pay off other more expensive debts, do some home improvements or purchase a second property. We’ll get to know your personal circumstances and plans in order to find the most suitable remortgage deals on the market.
Buy to let mortgages
Buy to let mortgages are designed specifically for people who want to invest in property that they will then rent out tenants. No matter if you’re looking to add a new property to your growing portfolio, or you’re planning on taking the first step to becoming a landlord, we’ll help you find a buy to let mortgage product that works perfectly for you.
Insurance is a crucial yet complex aspect of running of business. Having worked closely with a wide variety of businesses and trusted partners for many years, we can provide the reliable insurances and advice every business needs to protect themselves and stay up and running, even when things don’t go exactly as planned.
Public liability insurance
If your company interacts with members of the public in any way – for example if customers visit your premises, or you deliver products directly to their home – you need public liability insurance. Even sole traders who work from home should consider this type of insurance if they conduct meetings with clients in their homes.
Ultimately, public liability insurance protects you in the event that a member of the public is injured or their property is damaged as a result of your business. If someone were to take you to court, even for something as minor as a small scratch on a vehicle, you would be required to pay legal fees and a settlement if found to be at fault. Public liability insurance covers all of these expenses.
Professional indemnity insurance
Designed to protect you against claims made by unhappy customers, professional indemnity insurance is crucial if your business provides any type of professional advice or services to other businesses. For example, if you were to make a mistake which caused undue expense to your client, they may want to push for compensation for those expenses. Even if you haven’t done anything wrong and a client’s claims are found to be unsubstantiated, you will still incur legal costs when defending yourself. Professional indemnity insurance will cover these costs as well as any compensation you are liable for.
Employer’s liability insurance
Under current UK law employer’s liability insurance is compulsory, so you must take out a policy as soon as you employ somebody. This type of insurance protects you in the event that an employee suffers an injury or illness as a result of working for you. It will cover the cost of their claims for damages as well as legal fees involved in dealing with the claims. Failure to get correct employer’s liability insurance from an authorised insurer can incur fines of £2,500 for every day you’re not insured. If you don’t display your current EL certificate or refuse to show it to inspectors when asked, you could also face a £1,000 fine.
Pensions
The law recently changed in the UK regarding pensions, meaning that now more than ever businesses need to be clued up on their responsibilities when it comes to providing pension schemes for their employees. Luckily, pensions are a major aspect of our accountancy practice and we’re here to help you navigate through this complex area.
Automatic enrolment
New automatic enrolment regulations are forcing most employers in the UK to put a qualifying workplace pension scheme in place and automatically enrol all qualifying workers. They must also make contributions to their employees’ pensions in each work period. No matter if you have a large team of workers, or you simply have a personal assistant, you are an employer and you’re bound by the very same pensions obligations.
Failure to comply with the new pensions regulations could result in a £400 fixed penalty notice, or an escalating penalty notice which could incur fines of tens of thousands of pounds. If you’re unclear on your responsibilities as an employer or need some advice on implementing the right pensions scheme, we’d be happy to help.
Commercial and property insurance
High quality property insurance will protect not only buildings from fire, storm or flood, but its contents too. It’s not just for property owners, either – those renting their home should also ensure their possessions are protected from damage. Many are pleasantly surprised at how affordable property insurance is, particularly when they know that it covers all of the essential possessions they worked so hard to buy.
For businesses too, property insurance is essential. No matter if you’re a small to medium business, a sole-trader working from home or landlord looking to protect your portfolio, we can offer you insurances and advice to ensure your business keeps running, no matter what’s round the corner.
Personal Insurance
Getting the right level of personal insurance for your circumstances can be tricky, which is why we work to tailor insurance options for each of our clients individually. With years of experience and a variety of trusted partners on hand, you can rely on us to provide you with quality personal insurances and advice.
Life insurance
A life insurance cover ensures that in the event of your death, the people closest to you are provided for financially. The policy owner usually stipulates in the policy who the indemnity will be paid to – it could be your spouse, children or other family member, or anyone else who relies upon you financially.
Critical illness
CIC (Critical Illness Cover) provides you with protection against serious or terminal illnesses and the complications associated with that illness. It is designed to give you and your family financial support in the event that you experience a serious medical condition such as heart attack, stroke, cancer, kidney failure, major surgery and many more potentially life-changing diseases.
Income protection
Also known as Permanent Health Insurance, Income Protection is designed to give you and your family financial stability in the event that you are no longer able to work due to illness or an accident. When you first take out the policy, you will establish a monthly sum of money that will be paid out until you’re recovered and able to get back to work.
Endless spreadsheets, misplaced paperwork, lost digital files – accounts and bookkeeping can be a nightmare for small business owners and sole traders, but our online accounting software can help. Straightforward and easy to use, it allows you to update your records, check expenses and raise invoices in a flash, so that you can spend more time focusing on growing your business.
With our accounting software you can:
– View accounts in real time from any device
– Process invoices effortlessly and get paid faster
– Manage all your expenses
– Expedite transactions
– Reconcile balances
QuickBooks
We’re proud to be QuickBook Pro Advisers and have extensive experience using QuickBooks Pro and Online QuickBooks should you choose either of these two platforms as your accounting software of choice.
Our accounts team is also extremely knowledgeable in:
– Capium
– Taxfiller
– Sage
– IRIS
– Payroll Manager
– Basic Pay Tool
Individual voluntary agreements allow you to repay a creditor at a rate that you can afford, either in a lump sum or over the course of several years. You make the affordable payments to us and we distribute it fairly between your creditors. During the course of an IVA, your creditors cannot contact you or increase your debt, and once the final payment is made, you can write off any remaining debt. This takes the pressure off you and helps you get back into control of your finances.
Sometimes debts become completely out of control and bankruptcy is the best solution. The consequences of bankruptcy can be serious and may affect your job or assets, but it can also offer a completely fresh start for those who are really struggling to manage their finances. We can talk you through all the pros and cons of bankruptcy and help you to make an informed decision on whether its the right course of action for your circumstances.
Online accounting software
Endless spreadsheets, misplaced paperwork, lost digital files – accounts and bookkeeping can be a nightmare for small business owners and sole traders, but our online accounting software can help. Straightforward and easy to use, it allows you to update your records, check expenses and raise invoices in a flash, so that you can spend more time focusing on growing your business.
With our accounting software you can:
– View accounts in real time from any device
– Process invoices effortlessly and get paid faster
– Manage all your expenses
– Expedite transactions
– Reconcile balances
QuickBooks
We’re proud to be QuickBook Pro Advisers and have extensive experience using QuickBooks Pro and Online QuickBooks should you choose either of these two platforms as your accounting software of choice.
Our accounts team is also extremely knowledgeable in:
– Capium
– Taxfiller
– Sage
– IRIS
– Payroll Manager
– Basic Pay Tool
Need a professional reference? As a trustworthy organisation, we can provide our clients with a variety of references for Visa applications, mortgages, banks and letting agencies.
Our prices start from:
– Bank reference: £40
– Letting reference: £50
– Mortgage reference: £70
– Visa reference: £95
If you’re in need of financial help, it’s crucial that you know where to find it. We can advise you on your entitlement to benefits or tax credits, and provide information on council tax, national insurance and housing costs. We can also give you the support you need if you have any queries about your benefits payments or come up against problems with your benefits.
Running your own business is incredibly exciting, but it can be complex and stressful if you’re new to it. We can provide you with general advice on a wide range of topics, from tax and employment laws to budget planning and forecasting. No matter if you’re an established business or would like to create a brand new company, we can give you all the honest, reliable the advice you need to make your business venture a success.
We have an experienced, in-house, OISC level 3 adviser who can support you throughout your application for a passport or tenancy. We can help you to accurately complete your applications to maximise the chances of success and even work with you through appeals.
We can advise you with:
– EU/EEA applications
– Permanent residence
– British citizenship and passport
– Appeals to the emigration tribunal for the refusal of permanent residence