We can offer you the best advice on how to set up your new business whether it be as a Sole Trader, Partnership or Limited Company.
New businesses should always set out their business objectives in writing before starting to trade. The plan should demonstrate that you have the required experience in the type of business that you wish to launch, how you are going to finance the business, what your expectations for sales, profitability, overhead costs and investment in assets.
Your business plan should also include other detailed information which can be discussed in our initial meeting. Bennett & Co. have many years experience in the preparation of business plans.
These are typically needed by loan providers if you intend to borrow money. Budgets and cash flow projections can also assist in the successful Management of your business and with financial planning and decision making. We can also assist in negotiations with banks and other loan providers if required.
Whether you are a Sole Trader or Partnership you should prepare accounts annually from your Bookkeeping records. These accounts are required to be included in your Self Assessment Returns and may also be requested by banks and other lenders.
Bennett & Co. have vast experience in preparing accounts from all types of Bookkeeping records at extremely competitive rates.
Every Limited Company and Limited Liability Partnership has the legal requirement to file a report and accounts at Companies House that complies with the Companies Act 2006. Failure to do so on time leads to automatic penalties.
We will prepare your Statutory Accounts for presentation to Shareholders and HM Revenue and Customs ensuring that they are fully compliant and submitted before the last submission date.
These are available however to the public and competitors. We can assist you to fulfil these legal responsibilities while ensuring that only the minimum amount of information is available to competitors by preparing Abbreviated Accounts for submission to Companies House.
As part of your duties as a Director of a Limited Company you are required to maintain Statutory books and record minutes of a Directors and Shareholders meetings. You are also required to submit an Annual Return to Companies House by a specific date each year. We are able to offer a full Company Secretarial service to ensure that your statutory duties are fulfilled and can also prepare any required Minutes and Dividend vouchers.
A full company formation service is available.
We can prepare Management Accounts on either a monthly or quarterly basis to assist you in evaluating your Company's profitability. Management Accounts are particularly useful where dividends are issued on a regular basis.
We can offer a wide range of Bookkeeping Services which can be tailored to suit your personal requirements ranging from small hand written systems to a fully computerized system. (Sage, Quickbooks).
This service can be maintained weekly, monthly, quarterly or whatever suits your needs. Our rates are very competitive and take the strain of bookkeeping away from you leaving you time to concentrate on your business.
We offer a full computerized Payroll Bureau service catering from 1-100 employees. Our software is fully up to date and compliant with current legislation. As well as weekly, monthly or whatever time period is required, we are able to offer all statutory payments calculations (SSP SMP etc.) holiday pay, also Student loan deductions and attachment of earnings. Our service provides full summary and payslips processed on time and is charged from only 6.60 per week for up to four employees.
You do not need to be an Accountant or Taxation client to take advantage of this competitively priced service.
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To find out more about the services mentioned on this page, please call us, or alternatively,
please click here to make an online enquiry with us today.