In a partnership, you and your partner (or partners) personally share responsibility for your business. This includes:
- Any losses your business makes
- Bills for things you buy for your business, like stock or equipment
Partners share the business’s profits, and each partner pays tax on their share.
A partner does not have to be an actual person. For example, a limited company counts as a ‘legal person’ and can also be a partner.
We help you;
- To make the decision on whether trading as a Partnership is right for you and your business of if a Limited Company is a better option.
This is where we collate your receipts and summarise your transactions so you can see how much
money your have coming and going out of your business.
If doing your book keeping is taking time away from building your business, you need to outsource it so you can focus on what you enjoy doing!
If you’re just starting out, let us know and we’ll send you templates that you can use to store your
Accounts & Self Assessment
This is where we prepare and submit your information to HMRC and advise how much tax is due for the year.
We prepare a set of accounts as it’s important to understand how well your business is doing.
We use the information from your accounts to complete your tax returns/ self assessment ready for submission to HMRC.
We deal with your Company’s employees’ salaries from set up to calculating and making payment directly into their bank account.
We liaise with HMRC on your behalf so you can enjoy receiving your income into your bank account each month.
VAT is payable to HMRC when your sales/ turnover is £85,000 or over. We take care of the calculation and submission so you remain compliant, giving you peace of mind.
Business Start- up
Are you thinking about starting up in business? Do you want to build it alongside your current job or are you looking to jump straight in, we can help you make the right decision for you.
We help with planning your business, discussing what the right structure and discuss how you can make it work for you. Just get in touch and we can have a chat.
Are you busy in your business but you’re not sure how well you’re doing? Have you grown faster than you anticipated and your accounts are in a mess? You may have a great idea but you’re not sure how to build your business.
We work with you to bring your accounts up to date so we have a starting point to enable us to plan how to build your business on a timeline that is right for you.
We prepare monthly management accounts so you can see how well your business doing each month. We calculate the most relevant key performance indicators so that you can make informed decisions on how to move your business forward.
Identifying revenue streams
We look to introduce new revenue streams into your business, whether that is looking at add on products or potential collaboration with other businesses.
We find out if you’re charging the right price for your products/ services. So many business owners under value their products/ services, we make sure you’re not one of them.