The process
We always get to know potential clients and their businesses through a free initial consultation, at this point we can register your company with Companies House if you haven’t already done so. As part of the service, we can help by setting up or improving your accounting records, either by strengthening self-run systems or by undertaking your bookkeeping.
Throughout the year we will monitor your deadlines and issue reminders when it is time to get ready for the preparation of your accounts and tax return, ensuring timely completion without stress or the danger of missing deadlines and incurring fines from HMRC.
At Four Accountancy, you can rest assured that your accounts and tax return will be prepared in line with current legislation and in the most tax efficient way possible. You will be made aware of your tax liability and exactly how and when payment should be made.
Our services include:
Corporation tax services
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments due.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
Management accounts and information
Obtaining regular reliable management information is vital to the continued success of any business. Let us work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.
Bookkeeping
We can help you with all your general bookkeeping requirements, either at your business premises or at our office. Maybe you need help writing up the books or just want us to add the finishing touches to the information in order to create your own management information. If you do not employ a bookkeeper then we can take up the role or help you recruit the right person for your business.
Business planning and forecasts
Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.
Liaising with banks and institutions
We offer support when liaising with banks and other financial institutions. Drawing on our wealth of experience we can support our clients through this often daunting experience.
Information technology
Information technology (IT) is one of the key resources available to every business to achieve its short and long-term objectives.
Using the knowledge gained from our own systems and those designed for other clients, our in-house IT team are able to advise on IT related matters with first-hand experience. We can install software, provide training and help you to obtain the best from your chosen system.
Our expertise enables a complete range of services to be offered, including:
- software selection
- hardware selection
- installation and training
- management reporting solutions and
- payroll systems
If you are spending too much time writing up books, typing invoices and chasing debts we help to take control by computerising your accounts system. We can help you to make the best use of IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.
In short, whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.
Management consultancy
Our management consultancy service can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.
Business Start-Up
Most people starting up in business do so because they have a good business proposition and the enterprise and commitment to see it through. Most however are not experts in the legal and financial aspects of running a business and such matters can appear daunting. Fortunately you do not need to be an expert in these fields to succeed in business, but you do need the support of a team of trained experts.
We can help. Just bring us your business ideas and we will help you to make them a reality!
We will help you to:
- decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company
- prepare a business plan, cashflow projections, budgets, and trading forecasts
- assess the finance requirements, advise on the best sources of finance and draw up the necessary proposals
- establish a good working relationship with your bank
- complete any registration procedures with Companies House and HMRC
- deal with company secretarial issues
- set up a recording system for your internal use and for complying with statutory requirements
- decide on what computer hardware to buy and help with the installation of accountancy software
- keep on top of bookkeeping, VAT, payroll and other accounting requirements and
- help with all aspects of business compliance and administration