BESPOKE ACCOUNTING FOR BUSY SMALL BUSINESS OWNERS
All businesses, regardless of industry, experience deadlines for tax and VAT returns, payroll and accounts. At SRG, we endeavour to shoulder the administrative burden of accounting and bookkeeping for small and medium-sized enterprises (SMEs) with our tailored accounting services.
Most small business owners would rather spend their time focusing on the core elements of running their business rather than being concerned with accounting deadlines. Our comprehensive small business accounting services help SMEs to manage and control their finances, plan for the future and improve the efficiency and accuracy of their accounts.
Meeting employer obligations has never been more important for small firms. The evolution of Real Time Information (RTI) reporting has placed further payroll demands on small businesses, but our services include the preparation of year-end and in-year returns to submit to HM Revenue and Customs (HMRC).
Furthermore, the advent of Making Tax Digital will also increase an employer’s reporting obligations for income tax and VAT. SRG’s highly-experienced chartered accountants can remove the worry of such compliance and allow entrepreneurs to focus on doing what they do best – running their business.
Typically, our small business accounting services will incorporate the following tasks:
- Writing up the business’ books on a monthly or quarterly basis
Your experienced SRG accountant will updates your books monthly or quarterly, depending on the size of your business.
- Preparation of periodic or ad-hoc management accounts
Timely reporting that ensures business decision-makers know exactly what is going on in their business.
- Preparation of cash-flow forecasting and profit projection reports
A carefully considered estimate of the money flowing in and out of your business in the next 12 months.
- Preparation of year-end financial statements
Your experienced SRG accountant will ensure all your expenses are in order and that all records of income are documented and filed with HMRC and Companies House.
- Preparation and submission of tax returns
Optimise your tax liabilities with our comprehensive self-assessment tax return service, discovering if any tax savings can be made before filing your returns on time with HMRC and liaising with you on tax deadlines.
- Administration of the business’ payroll
Let your experienced SRG accountant calculate staff net pay, tax and National Insurance deductions, as well as holiday entitlement, sick pay and maternity and paternity leave.
- Preparation and advice regarding VAT returns
Your experienced SRG accountant will help you safely negotiate the new world of Making Tax Digital for VAT.