Ad-Hoc professional or Accountancy Services:
If you need a professional representation which may not be a regular accounting services , for example : meeting with Bank Loan Managers, meeting with suppliers, analysing or evaluating business proposals and other relevant business issues, we will be happy to assist you if a professional point of view is required . We have got experienced business people on board, who have got the real time business experience in the UK and that can be used to support your business needs.
Accounts/ Annual Accounts / Management Accounts:
You and your business may need to produce accounts, which vary from : Charity Accounts, Statutory year end Accounts, Managerial Accounts, Periodical Accounts or other business relevant accounts. Our professional accountants can assist you to prepare all accounts you may need . We will not only produce your accounts but also ensure it is simple , easy to understand and meets both UK and International standards and stakeholders requirements .
Bookkeeping can be a time consuming for small businesses. Most of the small businesses find it hard to employ and train someone to do their bookkeeping to an acceptable professional standard . At Acumen London we have experienced and qualified bookkeepers who can work for you on demand. Bookkeeping is the prerequisite of proper, accurate and complete accounts preparation. To achieve this goal we will provide you wide range of specialised bookkeeping services.
We advise you to keep records of daily transactions which will enable us help your business by lending our professional touch. Day to day transactions may includes:
. Maintaining Sales ledgers
. Maintaining Purchase ledgers
. All other expense schedules, which may also involve tracing out revenue and capital expenditure
Business Planning or Budgeting
Your business should be running as you planned, so a good plan can make the business successfulor will make your business standout from your competitors. We can assist you to prepare your business plan in advance, so you have a good control over all the periods and good control over all areas of your business. We can also assist you to prepare your Business Plan, Cash Flow forecasts, Budgets, Trading forecasts and other business related planning.
Not having the necessary business compliance knowledge as a new business is no problem at all . We love welcoming new businesses and assist them in setting the business up in their desired format . We will always welcome your entrepreneurship and will assist you in bringing your business ideas into a reality. All we are saying is that you don’t need to be an expert, just bring your ideas to us we will support you. Some of the support we offer is :
.Evaluate your ideas in constructive and realistic manner.
.Establish the most suitable structure for your business, giving our professional advice as to whether to start your business as a sole trader or partner in a partnership business or limited company.
.Prepare a business plan, cash flow forecasts, budgets and business trading forecasts.
.Assess your financial needs and advise you on the best sources of finance.
.Create a working relationship with your bank.
.Complete all the registration procedures which includes, company formation with Company House, opening new PAYE scheme and VAT registration with H M Revenue and Customs.
.Deal with company secretarial issues.
. Plan and establish a suitable recording system for internal use.
Charity formation and Accounts :
If you are a trustee or running a non-profitable organisation or would like to register a charity in the UK , then we can assist you although . We have been serving charities who are involved in various welfare activities in and around the UK . Our experts can guide and assist you in meeting the necessary requirements of different government agencies .
Corporation Tax Returns/ Tax planning:
If you have private limited company then you must submit a Tax Return and update HMRC records . If you have a good plan in place your corporation tax liabilities can be minimised. Our experts can work with you to minimise your Corporation Tax liability and to maintain a clean record with HMRC. We can also assist you to meet all the compliance requirements for your company.
Corporation tax calculation can take huge amount of your important time which , on the other hand can be utilised in growing your business . Reporting obligations, maintaining deadlines, penalties for noncompliance all take your precious time and money . We will offer you range of services to relieve you from these extra burdens.
As a director or secretary or owner, you require a substantial amount of time to operate your business smoothly and in an effective manner. We can help by offering our services which include :
. Find the availability of your chosen company name .
. Company formation which includes opening minutes and resolutions ,director and secretary appointments, authorised share capital and issued share capital
.Preparation and filing of your statutory returns.
. Safeguarding and proper maintenance of your statutory books and documents.
. Keep you up to date on company laws.
Individual Tax Planning
Whatever your business is ,at the end of the day you should be enjoying the maximum benefit out of your business . Having an effective tax plan ahead of the tax year can enable you enjoy the most savings . It will always depend on you , whether you wish maximise your saving on tax and other liabilities . We can assist you to accurately plan ahead , so you can choose the most suitable option according to your business circumstances .
Payroll /PAYE services :
If you are an employer then you will need to maintain an accurate Payroll System. We can provide a complete professional service for your Payroll, which will include all the calculation of Tax and NI contributions, statutory sick pays, producing periodical payslips, P45, P60, submitting PAYE information to HMRC in real time basis (RTI) and all other relevant submissions.
If you are running a business or working as a director, you will need to do your self-assessment for Tax Returns, as professional accountants we can assist you to do your Self Assessment for Tax Returns, we will also advice you how to minimise your tax liability, so you can be better off.
TAX / HMRC Investigations:
The HMRC does not always carry out investigations only on suspicion of fraudulent activities, this could be part of their routine work and random checks. Investigation could be short and simple or could be deep and time consuming. If you are going through an HMRC investigation or expecting to be investigated, we can deal with HMRC on your behalf.
Once you leave the matter with us, we will ensure your interests are protected and dealt with by professionals.
Once you become liable to register for VAT or choose to register voluntarily, we can assist you to register for VAT and prepare all the necessary accounts and returns. We will ensure that you or your business enjoys the maximum benefit of being a VAT registered.