Our Services
Bookkeeping is the process of recording and organising financial transactions for your business. It involves keeping track of all your income and expenses, such as sales, purchases, receipts, and payments. Bookkeeping is essential for managing your business’s finances, as it provides a clear picture of where money is coming from and where it is going.
The bookkeeping services we offer vary depending on your needs but ultimately fall into three categories.
- You do your own bookkeeping but we get you set up
- You do your own sales invoices and we take care of the rest
- We take care of everything for you
Value Added Tax (VAT) is the tax you must pay when buying goods or services. If you are a business, you may be required to register for and collect VAT.
Businesses with a turnover of more than £85,000 (known as VAT registration threshold) must register to pay and add VAT on the products and services they buy and sell and pay this to HMRC when they file their quarterly return.
Our team work across many sectors and have extensive knowledge relating to VAT. If you are one of our bookkeeping clients then VAT return processing is included, however we are able to provide VAT return checking as a stand-alone service.
Known as “Annual Accounts” or “Year-end Accounts,” all UK limited companies are required to submit Accounts to Companies House within nine months of their financial year’s end.
The deadlines for filing your set of annual accounts are within nine months of your Accounting Reference Date after the first year.
The problem with annual accounts is that they always paint a picture of what’s happened in the past, i.e., they don’t help you deal with what’s happening now or what will happen in the future.
So, when it comes to Corporation Tax it is often the case with other accountants that nothing can be changed as the accounting period has already ended.
At Blend we do things differently. We meet with our clients three months before year end and discuss what taxes are going to look like if nothing changes. We then assess effective ways of reducing the Corporation Tax burden before the year end date arrives. This means our clients don’t have ‘surprise bills’ arrive and puts them firmly in control of the taxes that they pay.
Payroll can be a real hassle for any company, regardless of size. Whether you are a freelancer, a small business owner, or a large corporation with a few employees, running an efficient payroll system is not always easy. It can be a very time-consuming and a labour-intensive task.
As well as the production of payslips and the associated payroll reports, we also manage workplace pensions, dealing with many different providers, ensuring your legal obligations are met.
CIS – The construction industry scheme requires that contractors deduct tax from subcontractors on a monthly basis and report on and pay those taxes across to HMRC. We work with numerous trades clients providing payment and deduction statements when required.
Our team have many years’ experience providing quality payroll services to clients of varying sizes and with a range of needs. We make understanding payroll duties easy to understand and make sure all information is provided to HMRC on time, every time.
We do not just do your self-assessment tax returns; our accountants will provide you with the necessary advice and guidance on how to minimise your tax liability. This is because we believe in providing a value-added service, not just number crunching.
We make sure that our clients stay on top of their taxes and financial situations so that they can make well-informed business and investment decisions.
Management accounts are vital in running and monitoring your small business or organisation and highlight several critical indicators regarding performance and whether you are achieving your goals within the required timeframes.
You can access:
Staff and management performance
Which customers are providing the most business?
Cashflow & billing
Pinpointing your business’s ‘star performers’ as well as those who are underperforming.
In summary, this can be a powerful tool to help you run your small business to its full potential and determine your business successes and where you may need to make improvements or new financial decisions.
As well as being provided set of comprehensive reports our management accounts are delivered in a specific meeting where we’re able to explore events in the business and plan for the implementation of any change.
A cash flow forecast enables small business owners to track how much money is coming in and going out and predict future cash movements over a period of time. The report helps you understand your business in more detail, spot trends, and plan for any future borrowing requirements.
It will also help you understand in more detail the impact of your sales, purchases, and other day to day business costs (however small) on your bank balance.
Practised regularly, cash flow management helps you understand how much money is currently in the business so you can keep the lights on.
Occasionally people and businesses are subject to enquiries from HMRC. These could be quite menial or really very serious in nature. Accountant’s fees for working on such enquiries can add up very quickly so we offer all of our clients PFP.
For a small annual fee, in the event of an enquiry from HMRC, PFP covers our fees for dealing with it, so you don’t have to worry about increasing costs. If a meeting is required with HMRC it can be held at our offices with one of our team, leaving you free to get on with your business.
Switching to Blend is simple
Are you worried about leaving your old accountant? When you sign up with us, we will contact your accountant and get your business up and running for you.
Changing to Blend is a straight forward process, we do all of the liaising with your old accountant and ensure the transition is smooth and hassle free.
