Business Support Services

We can cover the following and support you with:

• Implementation for suitable system for your business. We work with Xero, Sage, QuickBooks and proficient user of Microsoft Dynamics 365 Finance & Operations system
• Registration for self-assessment tax returns
• Registration for VAT returns
• Registration for PAYE
• LTD or LLP company set up

Product costing & profitability

We can do analysis of each products produced (or lets say top 10), assess cost associated with each processes including machinery set up time, BOM, machine run time, second ops, labour time and costs, fixed overhead costs allocation etc., and measure product profitability. This assessment will help you to identify in real time most profit-making products, identify the same production stage for different product type, identify bottleneck and as a result you’ll know your product cost & profit and production efficiencies.

Customer cost & profitability

We can analyse the cost involved retaining or acquiring your customers to optimise customer acquisition strategy, identify customers that are not making a profit, find customers with maximum profit potentials.

Investment Appraisal

This is an input to the investment decision to determine or assess financial output. We can produce an investment financial assessment including affordability, funding gab, potential funding, payback period, ROI, expected efficiencies or impact on performance.

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Cost effective way of bringing expertise to your business:

Budgeting & Forecasting

Having a well thought through budget can help a business measure progress towards its financial targets. If there are problems, they can be identified, and actions can be taken at earliest point.

Key Performance Indicators

Every businesses are different and your business will have a relevant Key Performance Indicators to assess your business financial strength, weaknesses and track performance

Management Accounts Reports

We produce Credible Management Reports to show true picture of financial position and performance prepared based on up-to-date accounting standards rather than bank transactions, so you won’t have a shock of reporting a different result at the year end. The actual results measured with planned result to assess how the business is performing.

Cash Flow Management & Forecasting

Knowing your business cash position and how money is flowing into your business makes a significant difference in your decision making and future planning. We provide 100% support to convert business profit into cash position and prepare ongoing cash flow forecasting for future planning and protect your business relationships.

Bookkeeping

This involves a process of daily maintenance of business books and records. The services are including raising sales invoices, posting supplier invoices, bank transactions and bank accounts reconciliations etc. We can help with managing transactions from payments platforms like Stripe, Shopify etc.

VAT returns

Not all business have the same type of VAT scheme and managing them is not as simple. Deadlines are strict and HMRC penalty charges are significant. We fully check for compliance purposes and reconcile the VAT liability/refund to capture any errors. It is very common for HMRC to inquiry for adhoc spikes so without any delays we can responds and satisfy HMRC expectations.

Payroll

Depending on your business needs, we prepare weekly, monthly or annually payroll run and manage RTI & EPS filing with HMRC and pension filing. We’ll be supporting to ensure meeting for auto-enrolment obligations and declaring compliance to the Pension Regulator.

Accountancy & Tax return preparation

We’ll prepare your annual accounts and tax return, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared.

So why not why not get in touch with our professional and friendly team today to book your free consultation.

Book now