Often directors and partners start by doing their own bookkeeping, but invariably find they are too busy focussing on their core business to keep up to date with it. This means they don’t have up to date financial figures and management reports to help them make informed strategic decisions. It also makes VAT returns and year end a total nightmare, resulting in both stress and increased accountancy fees.
We are all guilty of trying to do everything ourselves but often hiring an expert can actually save you money. You will have a service tailored to meet your personal business requirements, with total flexibility to suit your differing needs throughout the financial year.
Whatever the size or nature of your business, it is a legal requirement for you to keep accurate and consistent financial records. But accurate bookkeeping not only fulfils a legal requirement, it will also help you to better understand the financial position of your business on a day to day basis.
MCB Accounting Services Ltd will tailor our service to meet your specific requirements, but here is an idea of what we offer:
Any company whose turnover of taxable goods and services exceeds the VAT registration threshold (£81,000 for the 2014/15 tax year) is obliged to register with the HMRC to pay VAT. Quarterly VAT returns can be a daunting and time consuming task for sole traders and small businesses.
Management accounting is fundamental to strategic planning
Good bookkeeping ensures accurate and consistent financial records, in accordance with the legal requirements. But this information becomes even more useful when it is used to produce user-friendly management reports. These will help you to really understand how your business is performing and enable you to make well informed strategic decisions.
MCB Accounting Services Ltd can tailor reports to your specific needs, but can include:
Payroll & Auto Enrolment Services
With RTI (Real Time Information), the Employment Allowance and now Auto-Enrolment, there is a lot to keep on top of. Why not let MCB Accounting Services Ltd manage your payroll alongside your bookkeeping requirements? *
We can run monthly payrolls, complying with all relevant legislation and providing you with easy to understand payslips and reports.
* Payroll services are usually only offered as a part of a bookkeeping package
Bookkeeping Health Check
Are you confident that your bookkeeping records are accurate and consistent? Perhaps your processes could be streamlined, to save you both time and money? Are you using the most cost effective & efficient software or spreadsheets for your business?
It may be that you prefer to manage your own bookkeeping and would simply like some help to set up processes and systems to get you started and to train you on software. Alternatively, you may wish for a bookkeeping health check as the starting point to MCB Accounting Services Ltd managing your booking requirements on an ongoing basis.
Here is an idea of what the Bookkeeping Health Check can include:
Depending on the size and complexities of your business, you may only require us to carry out quarterly bookkeeping, including completing your quarterly VAT returns. Once a quarter, you would send off all your paperwork to MCB and have your VAT return completed for you by a qualified professional. Alternatively, MCB could come into your offices to carry out the work.
Perhaps you would also like regular management reports? These can be tailored specifically to your business through our management accounting services.
And if you ever you ever need any additional help or support, you can request this as and when required.
As a slightly larger business, you may like a similar service to the quarterly bookkeeping but carried out on a monthly basis. Once again, MCB will carry out the work either on site or from its own office in Winchester; this can be anything upwards of a few hours a month, and can vary by month – the service offered is totally flexible to meet your needs.
Perhaps you would also like payroll services?
If your business has reached a size where you need regular bookkeeping, MCB will come into your offices each week and manage your bookkeeping – this could be anything from half a day upwards and include everything from general bookkeeping, VAT returns, management accounting and payroll services.
Hiring MCB will give you total flexibility over the hours worked and can vary each week according to the needs of your business.