Accountology 

Accounts Preparation

Accounting is a specialist profession and while you may be able to prepare basic accounts there are legal and statutory requirements that need to be met. Hiring a full or part time accountant may not be cost-effective for a growing business, and that’s where Accountology can help.

Let Accountology handle your statutory accounts preparation, leaving you to concentrate on the areas of your business that need attention. Our expert accountants will prepare your accounts and discuss any issues that arise, so that potential problems can be tackled early and rectified efficiently. We handle every aspect from the initial preparation to submission through to the relevant authorities.

At Accountology we like to think we are more than just an outsourced accounting solution. We enjoy building long term relationships with our clients and provide a trustworthy and reliable service. We’re here to help you grow your business by ensuring your finances are controlled and understood continuously. Talk to one of the Accountology team about our Accounts Preparation and other services right now and you’ll soon see the benefit of using our expertise. 

Bookkeeping

Bookeeeping is an essential but time consuming, re occurring routine. The time that is spent on this could be spent on other necessary areas of a growing/established business.

Bookkeeping is one of those essential routines that takes up a lot of time that could be spent on other areas of a growing business. That’s why a lot of our clients outsource their bookkeeping to Accountology. We offer a full bookkeeping service that ensures your day-to-day finances are kept under scrutiny and up to date.

It is no understatement to suggest that efficient and accurate bookkeeping is a must for any business. Without keeping a record of income and outgoings – those being just the basics of good bookkeeping – it is not possible to ‘balance the books’ which needs to be done regularly. At Accountology we can handle all of your bookkeeping requirements, with a dedicated and experienced bookkeeper appointed to your business.

You can choose to keep your books in-house using off-the-shelf software and engage Accountology to perform the end of month and end of year routines, or we can handle the entire process for you. For smaller, growing businesses, outsourcing bookkeeping is a cost-effective choice. Allowing you to use your time and budget on other areas of the business. If you are interested in Accountology’s bookkeeping or other accountancy services, get in touch and one of our friendly and helpful team will be happy to help.

VAT

Value Added Tax looms heavily in the eyes of every business manager and for the non-accountant can be a complex and confusing factor to understand. That is why many businesses use Accountology to handle their VAT affairs. We provide a full range of solutions at prices that make our service cost-effective.

There is a lot to understand about VAT. For example, your business may or may not be required to be VAT-registered, as there are certain criteria that relating to income that trigger this necessity. All business with income in excess of £85,000 must be VAT-registered and pay VAT on stock they purchase as well as charge VAT on products they sell.

However, the different VAT rates for various products and services can also be confusing so why not let Accountology handle your VAT affairs? We recommend you register if your business is experiencing growth and is likely to reach the income threshold in the foreseeable future.

Your Accountology VAT expert will deal with all the necessary paperwork, registration and all other aspects of VAT processing which needs to be done via HMRC on a quarterly basis. Talk to one of our team now and let us handle this time-consuming and necessary chore for you. 

Payroll

For a growing business an effective and accurate payroll system is essential. Not only do you need to pay your staff on time to ensure they are loyal to you, but there is much more to a payroll system than simply paying wages. You also have National Insurance and taxes incorporated in a monthly (or weekly) payroll routine, and unless you are trained in this area it is another that can be complex and time-consuming.

Why not let Accountology handle your payroll on either a partial or full basis? We have expert payroll accountants who can take on all aspects of your payroll requirements, and for growing businesses there are likely to be additions to your team as the workload increases. Your dedicated Accountology payroll assistant will handle all aspects of the routine including the statutory requirements for NI and income tax.

We keep abreast of changes in tax laws and regulations and ensure that your payroll is calculated accurately and in a timely fashion. By engaging the services of Accountology in the payroll area, you are free to put all your attention to the areas of the businesses in which you are expert. Talk to one of the Accountology about our payroll and other accounting services, we’re here to help.

Taxation

Taxes are a necessary part of running a business, and yet there could not be a more confusing area of commerce for the layman. Building a business needs all of your team to be focused on their areas of expertise and knowledge – including you. Yet the need for processing taxes is always present. Tax laws and regulations change more often than you may realise, and at Accountology we are always a step ahead when it comes to compliance.

We have a team of experienced and qualified tax accountants who can handle your taxation requirements for you. You’ll find you need to attend to taxes in at least three areas, these being:

• Corporation Tax: a tax levied on the profits of businesses operating in the UK.
• Income Tax: a tax levied on the earnings of employees across a sliding scale.
• Value Added Tax: a specialist area of taxation in which tax is paid on materials bought and products sold.

At Accountology we have experts in each of these areas of taxation and we can also help where self-assessment is required should this be the case. You’ll find our rates to be affordable and cost-effective, so talk to one of the Accountology team now about outsourcing your Taxation requirements and other accounting routines should you wish.

Management Accounting

Your Management Accounts differ from the statutory accounts in that they are produced on a monthly or quarterly basis to provide an accurate view of how the business is performing. This is a necessary requirement for any growing business, and one that can take a lot of time and involvement to successfully achieve. Why should you outsource your Management Accounting to Accountology?

We will allocate a dedicated and fully qualified experienced Management Accountant to produce the required accounts for the frequency you select. We understand that these regular accounts can give you important insight into the financial and trading performance of your business, as well as data about your customers, product success, and how your in-house team are performing. Using our services reduces the time you need to spend on this essential area of the business.

Your management accounts give you an ongoing report that is essential to the financial success of your day-to-day business. We provide a full service that you will find more cost-effective than hiring a full or part time management accountant, so talk to one of the Accountology team right now and let us take this time-consuming job off your hands. 

Budgets and Forecast

Every growing business will work to budgets and will also have forecasts in place that generate the goals for the future. Putting together these budgets and forecasts takes a good deal of time and manpower. At Accountology we provide a full budget and forecast accounting service and will work with you to produce accurate and sensible trading forecasts from which a budget can be determined.

Developing businesses need to allocate available funds in the right places, and this is not the work of a moment. Your Accountology accountant has expertise in budgeting and will liaise with your financial team to keep abreast of developments. This way you will have access to your financial performance and future expectations without the need to dedicate any of your team to drawing up your forecasts.

Each of the Accountology team is expert in certain areas of accountancy and business management, and we have many years of experience in helping clients grow their businesses by providing accurate and affordable accounting services. If you need help with budgeting and forecasting for your business talk to Accountology now and let us take the job on for you at affordable rates.

Business Startup

Accountology is here to help with business startups from the very first inkling of an idea to launching the business on the market. There is more to starting a business than is at first perceived, and it begins with an idea that we can help you form a Business Plan from. The Business Plan is an outline of your proposed business and needs to be accurate and detailed if it is to attract investors.

A well-written and convincing business plan is what you will get when you work with the business plan writers at Accountology. But we don’t stop there, as we can help you when it comes to talking to banks or other sources of finance, and when you are ready to launch your business, we can take you through the incorporation process or necessary registrations and help get your business off the ground.

Our team of business management and accountancy experts are fully qualified and experienced in helping start-ups and working with us will allow you to iron out any potential in your idea and launch a business that will be successful. You can then take advantage of our other services including Taxation, Management Accounting, Payroll and more, to ensure your business achieves the goals you have in mind. Talk to use at Accountology and let’s make your business idea reality.