what we do.
Virtual Financial Director
So many small businesses get to a stage where an internal FD will cost a fortune. You don't really need a full time FD but may be need someone to oversee the figures and make sure they are correct and you are on track. Our FD role allows you to not worry about the figures and then be advised on improvements. We help you with your decision making. You may need someone to attend important meetings. We have your back!
We look at your figures in Xero and make sure this is all up to date with accounting and tax laws. We make adjustments where needed so you can chill out about complex entries.
Xero WILL be agreed and match to what we submit to Companies House and HMRC Accounts are sent to you via software for digital signatures - so no reams of paper!
We take care of payroll and CIS. This is usually monthly. We use the Xero payroll system where your team will use the app to get payslips and book time off. Its a pretty good people manager for holidays! We advise on how much to pay HMRC and by when.
Let us know if you want to take on new staff, we also help with recruitment.
Business Development Plans
Either a start up or established business, we all know how important it is to get a plan in place and set goals. We help you put this togther. Having your goals, targets, culture and systems documented will give you a head start on what move to make next. You have a vision, lets make it happen.
Personal & COMPANY tax
As a director of a limited company, you need these two. We check your Xero and let you know your tax bill as often as you need. Or show you how to work it out with a super easy template. We let you know the monthly salary and dividends to take out , so you always know where you are.
With this, it means with any other income you receive, we can quickly prepare your personal tax return. Company tax is just tax due for the company.
The amount of businesses who don't have a cashflow forecast are setting up to fail. We help you build a basic tool using apps or even Xero depending on the complexity of your needs. Keeping track of cashflow is key to growth and keeps you in control of your business. We either do this for you or we can simply show you how to keep track of one.
Most businesses want to have real time data when they have Xero and generally they do. There are some strange things accountants need to do each month to ensure you really are getting up to date financials. All of the stuff that happens at 'year end', happens every month.
Like what? All income and costs are recorded in the correct month (we maybe need to make adjustments), we check your fixed assets, work in progress, check tax accounts, unusual transactions. We then give you a super easy to read dashboard report which shows you your trends in chart format not figures.
VAT Returns, review and submission
Even we dont believe the VAT Threshold and if def need to be higher! But it's one of those good things that when you reached the all important limit, your business has grown. You need to keep track of your VAT receipts and make sure you charge the correct amount of VAT to your customers.
In this area, what we do is check your work in Xero and make sure you have treated the VAT correctly. We then submit the VAT return on your behalf to HMRC. Most clients use this option
This almost comes hand in hand with the cashflow forecast and management accounts. We help you create and set budgets in Xero so you can keep an eye on your targets and then check them against your actuals. If you have overspent, you will need to know why. This area highlights income and costs where you may be under or over budget. You can make decisions faster.