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Accountancy & Taxation

Fees - case study

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We understand the challenges faced by businesses on a day to day basis. By using our menu driven range of services, you can deal with all of your accountancy and tax compliance issues on a fixed budget. Tight financial control is a key element of a successful business and by using our professional services you are not only assured of accurate and up to date financial information but also the credibility you may need when looking to raise finance.

Having your accounts prepared by a professional firm dedicated to your accounting function adds extra weight when negotiating with investors and lenders. Indeed, our core accountancy and taxation services normally lead to us having an advisory role in terms of business strategy and development.

Dealing with tax compliance issues is a fundamental part of our core business and tax planning to minimise tax liabilities is as important as ensuring you confirm to the ever increasing mountain of tax legislation. This includes corporation tax, the taxation of sole traders and partnerships and the more regular VAT and PAYE returns which are required.

We were recently approached by an HR company with a turnover of £1.5m. They wanted to be able analyse profit by customer, by contract and by employee.

Once set up, they required accurate monthly accounts and a quarterly report presented by one of our directors during which we would identify commercial and tax planning opportunities.

We quoted a one off fee for initially enhancing the system and a regular FIXED monthly fee (by standing order) for data entry, monthly accounts and a quarterly review.

They are taking advantage of a range of skills from data entry, management accounting and through to a virtual Finance Director. The total cost is less than half that of a full time bookkeeper.