Small Business
Keeping accurate book-keeping and accounting records is essential if you wish to effectively manage your business for the future. However, we understand the challenges that this can bring to you, the small business owner, who does not normally have the time or even sometimes the knowledge to do this productively.
The tasks of keeping books, accounting and/or calculating payroll can be a daunting prospect and we are available to take the worry away from you, allowing you to concentrate on managing your business operation.
Commonly small businesses, whether sole traders, partnerships or limited companies need help with: -
Day to Day Accountancy Services
We can look after all aspect of your finances, to ensure the smooth running of your business.
Book-keeping
Preparing all aspects of your book-keeping to include supplier invoices, sales invoices, cashbook, credit control and bank reconciliation. This means that you will have accurate financial information at any time.
VAT
Completing your VAT returns accurately and in accordance with HM Custom’s requirements.
Payroll
If you employ people then calculating the monthly payroll and producing the pay slips can be a chore. My Business Centre will complete all the necessary paperwork, and file your year end returns online, so keeping you eligible for the government rebate.
CIS
For the building industry, we can manage all your CIS calculations and complete your monthly returns to ensure you meet the necessary requirements.
Tax Returns and Year End Accounts
It is essential to have accurate records to prepare your end of year accounts and be able calculate the tax payment. With regard to your tax liability, will tell you how much to pay, when to pay, and if necessary, how to pay. It is worth mentioning that our vast expertise will allow us to minimise your payment through the use of tax relief and deductions that are lawfully available to you.
Business Planning
Whilst we can not singularly plan your business for you, we can provide valuable support that will help to contribute to the growing success of your business.
A New Accountancy System
There are so many different accountancy solutions available and choosing the right one for your business can be a minefield. My Business Centre will help you choose between the myriad of options and if required will help you with the implementation process and staff training.
Company Secretarial Services
We can offer a full service to meet your obligations to Companies House and your shareholders
Company Formation
In certain circumstances, it is beneficial to form a limited company and incorporate your trade as either a sole trader or partnership into the company. We can help you decide if this is the best route for you and if you decide to go ahead we can form your new company and help you through the process of incorporation.