Outsourced Accounting Services
for Small Business
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Scope of Services
We offer a full range of accountancy and tax services for: individual taxpayers, sole traders, limited companies, and partnership end clients.
Our Team specialise in cloud-based accounting systems, and where the intention is to outsource more than 20 end clients we will also commit to learning and working with any other accounting software you use.
The scope of services we offer includes (but is not limited to!) the following:
Personal Tax Returns – We prepare and submit end-client Self-Assessment Personal Tax Returns.
Financial Statements – We prepare annual financial statements and if required for limited company end clients submit these to Companies House and HMRC.
Monthly Management Accounts – We prepare agreed format monthly management accounts inclusive of YTD Profit and Loss Account and Balance Sheet.
Company / Partnership Tax Returns – We prepare and if required submit a Corporation or Partnership Tax Return based on the annual Financial Statements.
Bookkeeping Services – We provide bookkeeping services inclusive of: bank reconciliation, invoicing, and recording allowable expenditures. Available options include:
- Applying a Direct P&L model – Where expenditure is posted directly against the Profit and Loss Account as it is incurred, with the nominal code dependant on the nature of the expense.
- Applying a Director Control Account model – Where it is a requirement that all expenditures should be accompanied by associated expense claims for compliance reasons, this model is essential for identifying missing expense claims and the amount of funds which can be extracted by a Director.
- Landlord Property Accounting – Bookkeeping services are provided based on the number of properties managed.
Payroll Services – We provide a full range of Payroll services inclusive of:
- The setup and processing of annual staff salaries.
- Processing monthly payroll and the provision of end client payslips.
- Preparing and submitting monthly RTI submissions to HMRC.
- Providing annual end-client P60s.
VAT – We prepare and if required submit Making Tax Digital (MTD) compliant periodic VAT returns.
Invoicing Services – Where a third-party contract exists and timesheets are supplied by agreed submission deadlines, we prepare and supply agreed formant end client invoices.
Confirmation Statements – For limited company end clients we submit annual confirmation statements.
Benefit in Kind P11D Returns – We prepare and if required submit end-client P11Ds in respect of taxable benefits-in-kind (BIKs) that have been received during the tax year.
CIS Reclaims – We prepare and if required submit CIS Reclaims for Construction Industry Scheme (CIS) sub-contractors.
CIS Contractor Services – For Construction Industry Scheme (CIS) contractors we provide a full range of CIS services inclusive of:
- Preparation of a ‘Monthly Summary of CIS Sub-Contractor Deductions’ report.
- Preparation of an ‘Annual Summary of CIS Sub-Contractor Deductions’ report.
- Monthly reconciliation and submission of CIS Sub-Contractor Returns to HMRC.
Dividend Vouchers – For limited company end clients we prepare dividend vouchers in respect of dividends drawn during the period or annually.
While we have tried to make the above list as detailed and extensive as possible to demonstrate the scope of services we offer, if for any reason the services you require are not listed above please speak to a member of our Team to see if we can accommodate your request!
Tailored Solutions
We steer clear of the one-size-fits-all approach that can be both expensive and inefficient. Instead, we empower our customers to customise the level of accounting service to their specific needs, ensuring they only pay for what they genuinely require.
Data Security
We treat the data security of our clients and their end-client data with the greatest of importance and respect. We are registered and regulated by the ICO to process personal data on behalf of our clients. And we rigorously adhere to the Privacy Policy which is published on our website.
In particular, as outlined in this policy, we only store your data and the data of your end clients in UK data centres and we do not undertake international transfers of data.
We're Here to Help
We'd love to hear from you! Our UK offices are open 5 days a week and we would love to chat, speak or email with you. Get in touch today!
