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Bookkeeping
We can relieve you
and your business of a significant burden by taking
care of all your bookkeeping and accounting needs.
This ranges from making use of our inhouse bookkeeping
bureau to the preparation of your annual accounts.
We will treat every business individually so that
we can tailor our approach to your requirements.
Besides the core bookkeeping,
we can also maintain your VAT records, prepare your
payroll and take on ad hoc projects to free up valuable
time for your staff.
We believe that our high level
of IT literacy can help improve our efficiency and
help our clients to set-up their accounting systems
to be efficient and effective.
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Business
planning
Every business must plan ahead in order to ensure
success, but it is too easy to succumb to the daily
pressures of work and delay or ignore strategic planning.
The result of poor planning is often rushed and misinformed
decisions, over/under capacity, inefficiency and missed
opportunities.
Every business owner needs to invest time in developing
a long-term plan, starting with what you want to achieve
from your investment and what your reasons for being
in business are, and then developing a plan to help
achieve these objectives.
We are well placed to help you
develop these plans and have a considerable pool
of experience and expertise to draw on. The financial
aspects are usually the backbone to any business
plan and you need to ensure that this aspect has
been adequately dealt with in your plan. Contact
us today for a strategic planning review.
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Business start-up
Most people who start up in business do so because
they have a good business proposition, not because
they are experts in the financial aspects of running
a business. These factors can often be quite daunting
to the entrepreneur and this is where we can help
by evaluating your ideas and helping you develop
them into a feasible business.
We can also help you:
- decide on the most suitable structure for your
business (i.e. sole trader, partnership or limited
company)
- prepare a business plan, cashflow projections,
budgets and trading forecasts to prove the financial
viability of your ideas and demonstrate this to
the bank / potential investors
- assess your finance requirements and access
the most appropriate source of finance
- help you establish relationships with banks,
solicitors, etc via our well established network
of contacts
- carry out registration procedures with Companies
House, Inland Revenue or Customs and Excise
- set up an internal accounting system which complies
with statutory requirements
Call us for a free initial consultation
to find out how we can help your ideas become reality.
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Business valuation
One of our key objectives is to help our clients
increase the value of their business. Each year
we can carry out a valuation of your business using
software developed by the Added Value Network.
We will produce a detailed report showing the current
value of the business and ideas on how you can maximise
its worth.
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Company
secretarial
When running a hectic business you cannot afford to
use valuable time making sure you are complying with
the Companies Act. However you do need to be aware
how this legislation affects your company and its
directors. We can help by carrying out the company
secretarial duties for you. Our services include:
- company formations
- preparation and filing of statutory returns
- preparation of all documentation (such as minutes
and resolutions)
- maintenance of statutory books (share register,
minute book, etc)
- general advice on company law
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Financial
performance review
We will carry out a financial performance review of
your business. This will be in the form of a detailed
report which includes:
- graphs and charts illustrating how your business
has performed this year
- ratio analysis to highlight areas of strength
and weakness
- detailed commentary advising you which areas
of the business can be improved
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Management accounts
The most important part of our compliance services
is the preparation of periodic management accounts.
Monitoring and controlling the financial performance
of your business is of paramount importance and
regular management information is vital to the continued
success of your business. We can either carry out
this function for you or help you set-up internal
systems to generate the information.
We will also take this service
one step further by interpreting these figures for
you and making suggestions to help you improve your
profits or to help your business grow.
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Payroll
Running your own payroll can be time consuming and
complicated, particularly with the ever increasing
complexity of taxation and employment legislation.
There is an increasing burden on business to comply
with these issues and non-compliance can lead to substantial
penalties.
We can prepare payrolls for businesses with 2 to 200
staff.
Our service is comprehensive and confidential and
includes:
- computer generated payslips
- administration of PAYE, national insurance,
statutory sick pay, statutory maternity pay, etc
- completion of statutory forms (including year
end returns)
- summaries and analysis of staff costs
- administration of incentive schemes, bonuses
and ex-gratia termination payments.
Even if you only have a few employees,
you will make savings by engaging us to administer
your payroll.
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Statutory accounts
If you are a limited company then you are required
to prepare accounts that must be filed with Companies
House in a statutory format. We can help you by
preparing your statutory accounts and filing them
with Companies House for you.
If you are a limited company and your annual turnover
is in excess of £5.6 million then it is a
legal requirement to have your annual statutory
accounts audited. Even if your turnover is below
£5.6 million then there could be occasions
when you are still legally required to have an audit.
You can also have an annual audit voluntarily.
Our approach to an audit assignment is not based
purely on helping a business fulfill its statutory
obligations. An audit gives us an ideal opportunity
look inside a business to see what makes it tick.
We can then use this knowledge to work with the
Company's management team to help them get the most
out of their business.
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Taxation
Corporate & business tax will represent a substantial
cost to any profitable business, not only in terms
of the tax itself but also in compliance with reporting
obligations, investigations with tax authorities
and penalties for non-compliance.
We can help you minimise your
corporation tax payments and relieve you of any
administrative burden of complying with tax legislation.
We will deal with all business tax matters, including
preparing income and /or corporation tax computations
and preparing and submitting your partnership tax
return or corporation tax self-assessment return.
Personal Tax
In 1996/97 self assessment was introduced to help
ease the burden for unincorporated businesses. If
anything, it has actually added to their burden.
We can help to relieve you of this by preparing
your annual self assessment tax return.
We are also able to prepare capital
gains tax computations and inheritance tax computations
for you.
A key service we offer to
clients is in the area of taxation planning, aimed
at minimising your future tax liabilities.
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All
the Things you Need to do Every Year
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We offer a full range
of compliance services........ all
the things you need to do every year.
These are our traditional accountancy
services.
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All
the Things you REALLY Need to do Every
Year!
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We also have a range of new consultancy
services designed to help small and
medium sized firms grow and become more
profitable, click
here >
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OnTrack
Review
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We will gladly carry out an OnTrack review
for you at no extra charge. The OnTrack
review process contains 6 mini-reviews
designed to make sure you and your business
are on track to achieve everything you
have set out to do. The 6 mini-reviews
are:
- a growth review
- a taxability review
- a wealthbuilder review
- an accounting systems review
- a finance options review
- an exit planning review
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| Accounting
Records Quality Report |
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We want to help you get the most out of
your accounting systems. So, we will prepare
a report setting out any weaknesses, the
consequences and our suggestions on how
to improve them. And, the better your
accounting systems - the lower your accountancy
fees! |
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| Benchmarking
Report |
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One of the most powerful management tools
is benchmarking - this is where we compare
the performance of your business against
other businesses within your industry
sector.
This will tell you how you are performing,
in which areas you excel and those areas
where there is room for improvement.
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| I.T.
Services |
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I.T. has become an integral part of the
business world and William Hinton is no
exception to this. Our business is totally
computerised and our staff are I.T. trained
and literate. The knowledge gained from
developing our systems enables our staff
to advise our clients on I.T. related
matters from first hand experience.
We are members of the Sage Accountants
Club and provide software, training
and support to Sage Instant Accounting,
Sage Line 50 and Sage Payroll.
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Company
Car Tax Planning
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Whether to have a company car or not is
the most common question that we get asked.
The next most common question is how to
finance the purchase of the car. It is
an area for confusion, particularly with
the recent changes in the basis of taxation
of company cars.
We will gladly carry out a planning
exercise each time you consider
buying a new vehicle to ensure you are
aware of the most appropriate method
of finance and the minimisation of tax
liabilities.
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Flexibility
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