Statutory Accounts
We will keep you well informed of impending deadlines for filing your statutory accounts and work with you to develop an efficient method for collecting your data that allows for minimal interruption to your daily routine. We are happy to either work with your own bookkeeping records or if you prefer, we will prepare the data from original invoices and bank statements.
We typically aim to produce a draft set of statutory accounts within a week of receiving data. As part of this process we will also calculate your corporation tax liability. Tackling the accounts process shortly after your financial year end and simultaneously calculating you Corporation Tax liability should allow you to budget for and build the payment into your cash flow model. Once the statutory accounts are complete, we will then review your business performance and make recommendations which could lead to an increase in profitability and growth for your business.
Business Plan
At Stewart Hindley LLP our expertise can be put to good use by helping you construct a comprehensive business plan which will allow you to formulate realistic and accurate forecasts. Your appointed Partner will then use this information to create a financial model that will tie these financial projections to your cash flow statement and balance sheet. For businesses looking to raise external investment a robust business plan is key to demonstrating your commercial credibility.
Financial Forecasting
Accurate forecasting is the key to financial peace of mind, we at Stewart Hindley LLP have a proven track record of providing just that. Whether it is managing your monthly cash flow forecast or preparing a five year plan for potential investors. We will work closely with you to build a financial model that supports your business affording maximum financial advantage. Near the end of their financial year, many of our clients like us to help them put together a budget for the following year, either in aggregate or on a monthly or quarterly basis. Budgeting can be an excellent way of making sure revenue milestones are achieved and costs are kept under control an din line with expectations.
Payroll
We are able to provide good value support for small business payroll production. Our team will calculate employees’ tax and National Insurance contributions and if necessary, adjust these for sickness, paternity or maternity leave. We will send the final payroll calculations for your approval and then provide you either with paper payslips to pass on to your staff or should you prefer, electronic versions which can be emailed directly to your employees.
As part of our payroll services, we’ll also calculate your Employer’s National Insurance contribution and prepare your monthly PAYE returns as well as producing P45 forms for employees when they leave. At the end of the year we will also produce a P60 for each employee showing all taxable income for the year. We’ll also help you navigate the tricky topic of employees expenses and help you make sure these are treated correctly and as tax efficient as possible.
Bookkeeping
We offer a substantially discounted billing rate for straightforward bookkeeping support, which ultimately feeds into the statutory accounts. Should you prefer to do the bookkeeping in-house, we will be happy to provide you with a customised excel spread sheet which will help you organise your day to day finances. Once the bookkeeping is dealt with, it is then very straight forward for us to prepare management accounts using this data. Management accounts can be prepared on a monthly or quarterly basis, which will help you monitor your progress against your budget as well as improving your ability to control trade debtors and keep track of suppliers’ invoices.
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