Day to day processing of the accounts - Figures 4u work mainly on Xero and VT transaction software programs and we are able to train staff in both softwares.
Xero is an online, cloud based software where a monthly subscription is paid by the client. This is best suited to businesses who want everyday access to their data and who may like to be involved in some of the processing.
VT transaction software is an on-premises software installed locally on a computer hard drive. This can be used by ourselves or there is also the option for clients to use this for processing day to day and passing on the data to us for final accounts. This is more suitable to budget conscious clients, but still has great functionality.
We prepare full sets of year end reports and corporation tax returns to meet our clients' needs for compliance and also carry out tax planning to ensure the best outcome for the clients.
We prepare full year end accounts for charities (this format is different to company year end accounts) and corporation tax returns if required. In addition, we can complete the charity annual return and gift aid claims as required.
We file confirmation statements, form/incorporate companies and carry out administration for share agreements. We also complete SEIS and EIS paperwork on behalf of clients.
We provide a full payroll service, including monitoring holidays, SSP, SMP, SPP processing, uploading pension contributions and generally keeping clients compliant! We have used payroll manager software (Moneysoft) for many years and have found this to be excellent. It is frequently updated to the latest changes and is HMRC approved.
We are able to file VAT returns via MTD, from both our sets of software (Xero and VT). We can also complete OSS returns for clients who sell their goods / services abroad.
We prepare tax returns for all situations whether that be as a sole trader, director, property owner or high net worth individual (HNWI)
[in some instances it may be possible to have as an independent service]
For some clients, Figures 4u help them understand more about the business and how it is performing. We will provide monthly or quarterly report packs and accompanying notes.
It is always fun trying to predict the future, but it is a vital role to produce budgets and cash flow reports. This can aid directors to understand the impact of certain decisions and have early warning of tricky times.
For VAT and payroll clients, we are able to complete the CIS return if required (Construction Industry Scheme).
We have completed a number of successful claims for small companies and will assess this on a case by case basis.
We can assist with tax planning for personal and company tax to help you utilise available tax reliefs.
We can assist with various administration tasks such as changes of address, monitoring emails and making enquiries. We don't generally offer administration services on their own, but where it fits as part of an overall service, we are very happy to provide this for clients. This can be a helpful service to add on where clients find organisation a challenge.
We can supply Professional Fee protection insurance for clients that would like it.