Business Support
Rest easy, knowing that your business will comply fully with the numerous burdens placed upon it . . .
Release management time to concentrate on building your business, rather than administrating it . . .
with the Jeffreys Henry Business Support Service
FOCUS YOUR RESOURCES
Whether you are new to business in the UK, or you are already grappling with the complexities of running a business you will be well-advised to concentrate on building up the enterprise and establishing yourselves in your marketplace.
It is all too easy to lose momentum through inefficient or inexperienced administration. Indeed, outsourcing is not just appropriate for small businesses. Some of the largest UK companies have outsourced finance operations to accountancy firms to maximise their efficiency and effectiveness.
FINANCIAL RESPONSIBILITIES
In these increasingly litigious times, regulatory and legislative burdens on UK businesses can seem onerous, complex and time-consuming. Businesses in the UK have many financial responsibilities, including:
- maintaining a proper accounting system
- running the payroll correctly and paying the tax deducted to the Inland Revenue.
- accurately recording Value Added Tax on all transactions and submitting periodic returns to Customs and Excise with the correct VAT payment.
- for companies - fulfilling a range of statutory requirements overseen by the Registrar of Companies in respect of records, returns, the filing of documents, and the running of formal meetings of shareholders and directors.
We have designed a range of support services to help employers and managers of UK businesses. All these services can be tailored to meet your individual needs.
AVOID PITFALLS AND PENALTIES
Outsourcing your financial operations to Jeffreys Henry can release you from the following administrative burdens:
- Payroll administration - payment of your employees; correct handling of tax deduction, maternity and sick pay; proper treatment of overtime or bonus arrangements; timely and accurate submission of tax and payroll returns to the authorities.
- Bookkeeping - preparation of accounts from your primary documents on a monthly basis; payment of invoices as appropriate; reports to inform you of your profit and/or cashflow position.
- Value added tax - Customs and Excise are unforgiving to those who do not comply with their requirements and penalties can be costly. So we will correctly record your VAT; prepare your periodic returns for submission; and ensure that you pay the right amount of VAT, on time.
- Company statutory services - we offer registered office facilities, company search and formation services; computerised maintenance of your company records; timely filing of the necessary returns and documents; and nominee services.
USING THE EXPERTS
We have outlined some of the business support services clients regularly source from us. Other services, including budgeting, management accounting and cashflow monitoring for instance, are available on a regular or periodic basis, according to your preferences.
WHAT WILL IT COST
Our fees are competitive and are usually calculated according to the time spent on an assignment, and its complexity.
We are able to work to budgets and in some cases, we are able to provide you with certainty about fees in advance. Payroll and statutory services are provided on a fixed-fee basis.
HOW WE CAN HELP
For more information about our business support services, or a preliminary meeting to discuss your particular needs, please contact Nick Michaels or Justin Randall