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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.
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.
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.
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.
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
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
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.
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.
Statutory
accounts
If you are a limited company then you are required to prepare accounts
that must be filed at Companies House in a statutory format. We
can help you by preparing your statutory accounts and filing them
with Companies House for you. We are registered auditors and have
a specialist corporate department within our Castleford office.
Tax
Returns
Hansons Tax & Payroll Limited offer a comprehensive Self Assessment
Tax Return service. This is carried out by a small team of staff
with substantial experience of the Inland Revenue requirements
under Self Assessment. Click on the Hansons Tax & Payroll button
and then select Tax Return to find out more about this service.
Corporation
tax
Corporation 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.
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