Accountancy

making your accounts work for you

Whether you are a new business, contractor, freelancer, soletrader, partnership or a limited company, I have an accountancy service that is tailored to your needs.

With myself you can be confident that your accountancy solution is supported by a qualified chartered accountant. This means that it is supplemented by technical expertise and commercial experience when needed to ensure that your accounts are fully compliant with HMRC and Companies House.

Accounts are not just for compliance purposes. It is important to analyse the information strategically to manage the performance of your business and make financial decisions. I can advise and assist in interpreting this information.

Some business may require management accounts on a monthly or quarterly basis to support effective business planning. These can include budget and comparative figures and monitoring of areas such as cashflow and key performance ratios. These accounts and statistics will be tailored to your specific needs.

Accountancy services cover:

• Advising start up businesses
• Preparing accounts for soletrader and partnership businesses
• Preparing statutory accounts for companies
• Regular management accounts
• Day to day financial support and advice

Payroll Bureau

keeping your staff happy

Keeping up to date with changes in employment, pensions and taxation can be a challenge on any business. Outsourcing this burden allows you to focus your time on where it’s needed most.

I provide the typical payroll services of:

• Calculating pay, deductions, tax and national insurance contributions.
• Managing new starters and leavers.
• Filing real time information (RTI) with HMRC.
• Year end activities such as P60’s and P11D benefits and expenses.
• Performing auto-enrolment assessments, submitting pension contributions to your pension provider and ensuring compliance with the Pensions Regulator.

In addition I use payroll software with cloud integration which offers added benefits:

• In built data security, GDPR compliant portals and automatic backups for handling your highly sensitive and critical function data.
• An employer portal to access payroll reports and amounts due to HMRC.
• An employee portal and smartphone app to access payslips.
• Seamless annual leave management with leave requests instantly added to a company  wide online leave calendar.
• HR integration with contracts and documents uploaded to the portal.
• Facility for clients to enter hours worked, additional pay and new starters direct into the system.
• Integration with Xero, Quickbooks Online, Sage One, plus others to minimise data entry.

Business Start-Ups

getting you started on the right track

The decision to start your own business is both exciting and daunting. You want to create a successful business but the initial emphasis is on keeping overheads low and doing as much as possible yourself.

For this reason many business start-ups delay seeking accountancy advice but it’s important to get off on the right track.

This is where my free, no obligation chat really helps. We can discuss your plans and if you want to proceed we can work together in determining how much you want to do yourself and where you need support.

I can support you in a number of ways:

• Prepare a business plan
• Help determine the best structure for your business, whether it’s a soletrader, partnership, limited liability partnership or limited company.
• Assist with company formation and secretarial duties.
• Register your new business with HMRC
• Establish professional relationships with banks, insurers, solicitors and financial services.
• Prepare cashflow projections and assess financial requirements.
• Prepare and submit finance applications.
• General bookkeeping and bookkeeping support.
• VAT
• Payroll and auto enrolment of pensions.
• Tax planning.
• Management accounts and annual accounts.

Business Advice

how a real business works

Having worked in industry I understand how a real business works. I can appreciate the demands of limited time and resources, particularly in a small business. I can offer help and advice with:

• The correct structure for your business
• Systems to approve efficiency and reduce costs
• Management accounts and analysis
• Forecasting and cash flow projections
• Access to finance and grants

Tax and Tax Planning

pay the right amount, but the minimal amount

Tax is complex and meeting all of HMRCs’ compliance requirements is essential, but we all work hard for our money and want to keep tax as low as possible.

Tax planning can minimise your personal and business tax burdens. This can include working with you to agree the most effective tax structure for your business or strategies that enable you to take best advantage of tax reliefs and allowances while ensuing rigorous compliance.

My services include:

• Self-employed tax
• Partnership tax
• Corporation tax
• VAT
• Research and Development (R&D) tax relief
• Construction industry tax deduction scheme (CIS)

LRCA Limited also offers a tax investigation package. For a small annual fee, you or your business can be protected from unwanted and unexpected professional fees to defend your position in the event that HMRC starts a compliance check.

You might be chosen for an enquiry due to the nature of your business, where you live, the property you rent out or perhaps because HMRC has decided to target your particular industry or profession. However, a proportion of enquiry cases are selected completely at random.