Finance Support Services for Businesses

The Bookkeeping Team can take care of your day to day finance administration so you can focus on growing your business and driving profit. There are lots of important elements to keep of top of when running a business but for us there are two real biggies.

Our first love is accurate and precise record keeping, which doesn’t exactly sound exciting but it’s what we live for. Without it, things can be a real mess. If you have trouble remembering what you had for dinner two days ago, chances are you won’t remember what you spent £14.37 cash on in the shop two months ago either…but HMRC might want to know. Our team uses a range of software to manage and record your transactions, making sure every detail is in order. Easy.

Our second love is data. Be that cash flow forecasting or compiling data to help make a critical business decision, we love data. Without accurate data business decisions can be a stab in the dark, with it they can be calculated risks.

If you have a team of staff and you want to make sure they manage your books effectively and efficiently we can provide training and support to make sure they’re on top of their game. We also like to make sure you get the most out of any software you’re paying for!

In addition to our training and bookkeeping services, we can set up accounting software and support you moving to cloud based record keeping. We are certified advisers for Xero and Quickbooks as well as what FreeAgent likes to call experts.

You can find our most popular services below but if you can’t find what you’re looking for, just get in touch for a free, no obligation chat about what you need help with.

Our finance services include:

Bookkeeping

Keeping track and managing every transaction your business processes can be difficult, time-consuming and daunting. Instead, focus your time and attention on your business and let The Bookkeeping Team keep an accurate, up to date record of all your business transactions.

Our team will manage your books in a way that is practical and efficient. We can also provide management and financial reports to support you in making critical business decisions, with all the accurate statistics and figures you need to make a decision with confidence.

Xero, QuickBooks Online & FreeAgent

Managing accounts can feel daunting and because of that many businesses resort to the shoe box method of bookkeeping. You know, where you squirrel everything away in a box somewhere and hope when you come back it all makes sense?

The Bookkeeping Team can make that dream practically a reality. Only the shoe box is a simple online accounting system for you to use such as Xero, QuickBooks or FreeAgent.

We also provide training on these platforms where we can show you how to use it and make sure you’re making the most of all the functions they offer. 

Payroll

Do you feel like it’s always payroll time? The trouble with cyclical commitments like payroll is that they never go away. If you feel bogged down by it and find it’s taking up too much time and energy it might be time to invest in outsourcing the task to someone who loves it…like us!

We offer a complete range of payroll management services, ensuring that your team gets paid accurately and on time, without you even getting a headache over it. We can even take care of the administration side of things such as P45s and P60s.

Get in touch to discuss a bespoke payroll package that suits your needs.

Training

Do you wish you or your team knew that what you were doing was right? Do you use just the basic functions of your accounting/bookkeeping software and steer clear of the rest?

We’ve got a wealth of experience and knowledge between us, across all kinds of industries. We can provide the support, advice and training you need to give you the confidence to maintain high-quality bookkeeping and get the most from your software.

So whether you’re looking to better understand your bookkeeping responsibilities, want your team trained on using your accounting software or anything else, get in touch for a chat.

Sole Trader Accounts

Managing an independent business can take all of your time (and brain space!), especially if you’re still employed at ‘the day job’.

We love ambitious Sole Traders and love working with them to manage their bookkeeping and HMRC obligations. We can also provide professional and friendly advice to make running your sole trader account easier for higher productivity and profitability.

If you’d like a support team behind you, cheering you on every step of the way, drop us a line.

Self Assessment Tax Returns

Do you know the criteria that would require you to submit a Self Assessment? Does the thought of doing your Self Assessment bring you out in a cold sweat? 

We can help with that. 

At The Bookkeeping Team, we can assess your self-assessment requirements and help you to pull together the information you need to satisfy HMRC. We’ll go so far as to say, working with us might even help stop those sleepless nights worrying if you’ve done everything you’re supposed to.

Limited Company Accounts and Corporation Tax

Our highly experienced team are on hand to prepare and submit accounts for all limited companies.

We can deliver a range of company secretarial duties to make managing your books as stress-free as posible, as well as being there to support you in preparing your accounts and corporation tax return. We can even submit your tax return and confirmation statements for you, so there’s one less thing to worry about (1 down, 974 left to go).

VAT

VAT is a necessary part of running a business, if your incomes exceeds the threshold (£85k in 2020).

With fines for late submission it’s important to stay ahead of your tax liability and guess what? We can help with our VAT administration service. As well as providing VAT returns and creating accurate submissions, we can help to set up your online HMRC account.

With account management we can help you keep track of your VAT submissions and payments, so you’re always one step ahead.

Construction Industry Scheme (CIS)

Need to register under the Construction Industry Scheme? We can help.

All construction industry contractors are required to register for the CIS and it’s advisable for subcontractors to register too. 

The Bookkeeping Team can not only help to ensure you are financially compliant with the scheme, we can also help you navigate the terms and avoid potential pitfalls, ensuring you meet the CIS requirements and don’t pay higher rates than you need to.

Need support with your business finance administration?

Get in touch for a no obligation chat about your options.

We might even treat you to a coffee if you’re lucky!