Other Services
We are able to offer a number of other services to our clients including, but not limited to the following:
Payroll
WE ARE RTI READY!
Real time information is the biggest change in payroll processing since PAYE began.
We use RTI HMRC recognised software to process payroll for many clients and we can do this for you.
We can look after this vital function using our own in house software and will print all your paylips and complete all relevant reporting and documentation for HMRC. Our payroll service starts from just £1.50 per payslip.
Company Formations
A limited company is a legal entity in its own right. It stands separate from it’s directors, employees and shareholders in the eyes of the law. The company can own assets and can also incur debts, it can sue and be sued. This is the biggest difference between a limited company and a sole trader or partnership where the businesses assets and liabilities are that of the owner(s).
The biggest pro for a limited company is that of the ‘limited liability’. Because the company is a separate entity the director cannot be held responsible for its debts (in most cases) their liability is limited to the amount they have invested in the company.
Limited companies can also be seen as more professional businesses, which in reality isn’t always the case. Some businesses will only deal with limited companies.
Additional money can be raised by the company by selling more shares, and it is easier to transfer a limited company.
It allows you to protect your business name. No one else in the UK can have the same name as you.
There are some tax savings to be had. Dividends will normally be taxed lower than income tax and NI.
That sounds good. What about the Cons?
The biggest con comes from the increased legislative burdens placed on limited companies. A set of accounts will need to be submitted to companies house annually. These are then available to anyone, including competitors.
It costs to set a limited company up. It’s not huge though, we can do it from £35.00.
Depending on how much you make, you may need an audit.
The decision on your business structure is not one to be taken lightly and is something you should always seek professional advice on.
Invoicing and credit control
The best way to improve your cashflow is to get paid quicker. The easiest way to get paid quicker is to send your invoices sooner. Simple right? So why do many small businesses invoice clients once a month?
We’ll do your invoicing for you. It’s really simple, you just phone or email us with the details for the invoice and we’ll prepare and post it to your clients for you.
As with all our services we offer an easy to understand fixed fee structure. Just £1 per invoice (Plus postage).
New business reports and planning
Want to know when you will break even? Or how much profit you make per product, service or sale. We can prepare a report showing you this information and more.
These are just some of the additional services we can offer your business. Call or email us now to arrange to discuss your individual needs.
