Small Business
- Provide Personal and self-assessments for Sole Traders and individuals
- Calculating tax liability and advise how much needs to be paid
- Liaise with HMRC on your behalf.
- Small Limited Company accounts (£0-£1m)
- Preparation of annual accounts
- Corporation Tax computations
- Monthly/quarterly management accounts if required
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Interim Management
Bookkeeping
- Check your bookkeeping on a regular basis or keep them on my own system
- Prepare monthly and quarterly Management accounts
- Look at cost savings
VAT
- Advise on Vat issues and prepare your quarterly/monthly Vat returns.
Payroll
- Run Payroll at a suitable time
- Provide payroll summaries and Payslips
- Complete P45/P46 for HMRC
- Annually complete p60, P35 and P11D’s
Annual Accounts
- Prepare the necessary schedules for completion of annual accounts
- Completion for annual accounts for submission to Company’s House
Specific Business Challenges
Cash Flow
- Advise and help you manage your cash, this can be achieved by examining your Credit Control (this can be put in place if there is not a documented system)
- Looking at the way creditors are paid, is the correct credit terms being applied can they be extended.
- Consider optimum stock levels
- Assessing obsolescence and slow moving items.
- Provide a cash flow statement.
Foreign Currency
- If you are involved in foreign currency – are exchange losses/ gains being taken in to account, consider buying forward.
- Look at the effect foreign currency has on the business – both in pricing and overall profit
Business Planning
- Provide an annual budget
- Look at forecasting on a rolling basis and Provide variance analysis against
- Products/Customers/Last year/ original budget.
- Look at what customers are buying compared to what they were.
- Control of lost customers, by preparing comparisons with previous period/year
- Examining the Existing customer order pattern and products bought
- Often current customers can provide the best sales opportunities.
