Services

Financial Accounts preparation
Besides helping you meet the Statutory requirements, when preparing your Accounts we also take the opportunity to conduct a review of your financial..(more)

Taxation services
Self Assessment can be a complex administrative burden for many people. To avoid penalties, it is important..(more)

Management Accounts and Bookkeeping
Regular management information is vital to the continued success of your business. It is a requirement of the Companies Act..(more)

Payroll services
Once your business starts to employ its own staff, you will be faced with a further administrative burden on a regular basis, together with the obligation to pay PAYE/NIC to HM Revenue & Customs..(more)

VAT services
Once your turnover has exceeded the VAT registration threshold you will be required to register for VAT. There are also VAT schemes available which provide you with an option..(more)

On-site assistance and temporary cover
We understand that many businesses cannot justify financially, or do not require a full-time financial expert, but would benefit from..(more)

Accounting software Training including SAGE assistance
We can offer Accounting software assistance taking advantage of our full understanding of the fundamental Accounting issues which businesses are faced with..(more)

Business Plans and Start Ups
Every owner should invest time in developing a plan for their business, starting with what you want to achieve from your investment..(more)

Budgets and Forecasting
We should all set targets for the year ahead and therefore it is good practice to establish an annual budget. We can work with you in developing..(more)

Financial Accounts preparation

Besides helping you meet the Statutory requirements, when preparing your Accounts we also take the opportunity to conduct a review of your financial systems. This can often lead to us identifying potential problem areas and recommending opportunities to improve the performance of your business and consider Tax-planning strategies.

We can prepare Accounts for all types of business including Sole Traders, Partnerships and Limited Companies.

We see the preparation of your annual Accounts as an opportunity for your business to enhance it's external image. Displaying a professional report can have a significant positive impact on the perceptions of third parties, including customers, suppliers and potential finance sources and investors.

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Taxation services

Self Assessment can be a complex administrative burden for many people. To avoid penalties, it is important that returns are filed on time and are correctly completed. There is also a requirement to retain your records for the appropriate length of time.

Expert advice is essential as the enquiry powers and penalties imposed by HMRC are increasing all the time. We will deal with HMRC on your Taxation affairs taking the worry away from you.

As well as completing your Self Assessment Tax return, we can provide you with advice on your Tax position and the Tax planning opportunities which are available to you.

We will complete all Tax computations and Tax returns on your behalf, also calculating your Tax liability and advising you on when and how much Tax you need to pay.

All Corporation Tax computations and returns will be completed in respect of Limited Company clients.

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Management Accounts and Bookkeeping

Regular management information is vital to the continued success of your business. It is also a requirement of the Companies Act to maintain proper books of account in order that these records can disclose with reasonable accuracy the financial position of a company. Monitoring and controlling the financial performance of your business is of the utmost importance.

The aim of most businesses is to generate growth and ultimately profits. Accurate and regular financial reports are essential for you to maintain control over the finances of your business and to ensure that it is trading profitably.

We can assist you with:

  • Preparation of periodic Profit and Loss Account and Balance Sheet
  • Cash flow statements and forecasts
  • Key variance analysis
  • Other financial services as required

We are well-qualified to advise on the compilation of budgets, forecasts and reporting of variances to actual results. This will provide you with a greater understanding of your business upon which you can formulate business strategies and evaluate future capital expenditure.

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Payroll services

Once your business starts to employ its own staff, you will be faced with a further administrative burden and you are normally obliged to pay PAYE/NIC to HM Revenue & Customs. You will also have to deal with the varied items of legislation that control the workplace, including:

  • Income Tax Acts and Pay As You Earn (PAYE) regulations
  • Minimum Wage regulations
  • Sick Pay and Maternity Pay regulations
  • Insurance and pension requirements

Rather than give up your own time and resources in implementing the requirements you would be well advised to appoint us to manage these functions for you. We offer both weekly and monthly payroll services, together with all returns as required for HMRC.

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VAT services

Once your turnover has exceeded the VAT registration threshold you will be required to register for VAT. There are VAT schemes available which provide you with an option of selecting the most efficient scheme for your business. It may also be in your interest to register for VAT voluntarily. Our staff will be able to assist you in making these decisions.

Compliance with VAT regulations can be an onerous responsibility and the penalties for incorrect returns can be quite severe in some cases. Let us take the burden away for you.

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On-site assistance and temporary cover

We understand that many businesses cannot justify financially, or do not require a full-time financial expert, but would benefit from having someone they can call on to answer their Accounting queries and to provide support when and where necessary.

Our services extend to arranging periodic financial assistance and short term cover for your staff.

On-site assistance

You may already have Accounts support staff in place or prepare part of the Bookkeeping process yourselves, however you may be missing the expertise to compile periodic management Accounts and business intelligence information upon which you can make those critical business decisions.

Rather than be faced with employing a full time Accountant at a significant extra cost, why not use our services on a periodic basis on a timescale and at a place to suit your business needs. This can be from as little as a few hours per month to several hours per week, or only during financial hot spots such as year end preparations or around major business changes. We cover Yarm, Stockton, Middlesbrough - in fact most of the Tees Valley.

Temporary staffing

If you have a temporary gap in your finance personnel, we can arrange for one of our team to fill the void and work in your business. Whether this is part time or even once a week to help you keep control of your finances. We can offer services ranging from an Accounts Assistant to the Financial Controller level.

We will be happy to meet with you and discuss your requirements.

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Accounting Software Training including SAGE assistance

We can offer Accounting software assistance taking advantage of our full understanding of the fundamental Accounting issues which businesses are faced with.

We provide training which enables you to prepare your own monthly financials. We offer support and assistance as required throughout the year.

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Business Plans and Start Ups

Every owner should invest time in developing a plan for their business, starting with what you want to achieve from your investment and what your reasons for being in business are. We will assist you to develop a plan to help reach these objectives.

The financial aspects are usually the backbone to any business plan and we can help to ensure that this aspect has been adequately dealt with in your plan.

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Budgets and Forecasting

We should all set targets for the year ahead and therefore it is good practice to establish an annual budget. We can work with you in developing this and can produce reports showing actual costs against budget. We can interpret these figures for you and make suggestions to help you improve your profits or to help your business grow.

Cash is key for your business, and don't let anyone tell you otherwise. You may be the best in your line of business, but if you don't manage your cash flow properly then you could run the risk of being out of business.

We can work with you to produce cash flow forecasts. This will assist in providing advance warning of any potential shortfalls and therefore you can plan ahead accordingly.

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