Book-keeping and Managing Accounts:
We hold years of experience in analysing books and records, our staff add additional value to your business as we provide:
- Advice for the management and control of finances and business resources.
- Methodical reviews of profitability and advice regarding methods to improve profit margins.
- Guidance with business growth planning, making your business aspirations a reality.
- Liaising with banks and lenders when renewing facilities or applying for funding.
- Producing management accounts and cash flow forecast.
Accounts Preparation:
Accounts preparation is a key service we offer to clients. We are proactive with producing accounts, liaising closely with clients to ensure they meet deadlines for HM Revenue and Customs, Companies House, and other administrative bodies.
The formatting of accounts and interpretations of financial reporting standards both in the UK and overseas is a complex task. Our experts’ approaches will ensure that your accounts will satisfy governmental requirements. Our services include book-keeping and managing accounts, forensic and cloud accounting, PAYE and pensions, and transaction services.
Our experts can calculate VAT liability if applicable and submit your VAT returns. We offer fixed competitive fees that are payable monthly, leaving you able to separate book-keeping costs and manage cash flow.
Cloud Accounting:
We keep up to date with technological advancements at Islam and Co. Cloud accounting, such as QuickBooks and Sage, makes communication easier between colleagues and saves time and money. It offers us the freedom to access your accounts quickly and efficiently from any place at any time.
PAYE and Pensions:
When you inform us of the gross pay for a weekly, fortnightly, monthly, or quarterly pay period, we calculate the net pay, supply you with secure payslips and advise how much you should pay HM Revenue and Customs regarding PAYE and NIC.
How we can help your business:
- Guidance on legal requirements for your employees’ access to stakeholder pensions.
- Preparing all forms and P45s if an employee should leave.
- Producing end of year returns, P35 and P60/P14s before e-filing with HM Revenue and Customs, in advance of their deadlines.
- Making arrangements for your employees’ payments through BACs, or any other digital means.
- Providing on-going support for all your payroll queries.
- Conducting PAYE and NIC health check reviews.
- Preparing P11d forms and calculating the resultant class 1a NIC liability.
- Administering CIS.
- Informing you of any payroll implications of IR35.
- Directing you if necessary, to journals that need updating on your digital accounting records.
Cloud Accounting:
We keep up to date with technological advancements at Islam and Co. Cloud accounting, such as QuickBooks and Sage, makes communication easier between colleagues and saves time and money. It offers us the freedom to access your accounts quickly and efficiently from any place at any time.
Cash Flows:
This is a financial statement that we produce which shows how changes in your balance sheet accounts and income affect cash and cash equivalents. We break the analysis down to operating, investing, and financing activities of client’s individual businesses. This break-down is recorded in your final year accounts.
Upon the completion of your end of year accounts, we will schedule a meeting with you to discuss any necessary changes. We then send out the completed accounts to yourself with any mandatory fees which you must sign and send back to us. Finally, we will file your end of year accounts with Companies House in due course.
We also offer services such as forensic accounting, PAYE and Pension management, and many more.
For more information, contact us on 0151 236 6964 or info@islam-co.com