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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. We are Sage Accountants
Club Members and can supply software and hardware.
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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 & audit
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.
Currently, all companies with a turnover in excess
of £5.6 million must have a statutory audit.
We can make this a painless procedure and use the
knowledge gained about your business to help give
proactive advice.
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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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| 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 Hayes & Co 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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