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Construction Industry Scheme (CIS)

It is a legal obligation to verifying and deduct the correct amount of CIS tax from subcontractors as well as reporting to HM Revenue & Customs by submitting monthly CIS returns. Reporting must adhere to strict deadlines as if surpassed carry weighty fines that increase on a monthly basis as well as being open to investigation.

Payroll and Workplace Pension (WPP)

Setting up a payroll and a pension scheme as well as reporting to HM Revenue & Custom in real time is key to prevent unnecessary penalties and charges. There is nothing worse on pay day when your employee or subcontractor fails to receive the relevant documentation, which can demoralise your workforce and make your business look unprofessional.

Business Mentoring

Starting your own business from scratch can be a daunting and stressful step to take, which is why we offer a one to one or even organisational mentoring services. The skills gained will allow you to focus on developing your business and understand the business world, enviably gearing you up for the best possible outcome.

VAT

Registering with HM Revenue & Customs as well as submitting VAT returns at the correct time is essential as in the event a deadline is surpassed there are hefty penalties and increasing surcharges for non-compliance. In addition, for any business, ensuring the correct amount of Value Added Tax is passed onto HM Revenue & Customs will help keep your cash flow in check along with saving time in the event of a general compliance check or enquiry.

Management Accounts

Running a successful business requires you to keep your finger on the pulse every step of the way, regular reviews can provide you with the key management information necessary to make informed decisions when required. In the event of securing funding for growth or expansion, management accounts can give lenders an insight into the companies financial standing and make a decision without final year end accounts.

Accounts

Reporting statutory accounts on time with HM Revenue & Customs is a legal requirement under the Companies Act 2006 with the added stress of increasing fines in the event of late submission. In addition, the accounts illustrate the companies financial standing which will indicate whether your goals are being met and if necessary, action is required. In the event of securing funding or investment stakeholders, shareholders and lenders can make easy and informed decisions based on the companies position.