This can be for a number of reasons, be it from the simple requirement of you to have monthly management information in order to assess the performance of your business (and make cogent and appropriate decisions with regards to the direction of the same) to an external requirement by the bank for funding purposes or personally, for mortgage purposes.

Whatever the reason, Fa accounting can provide you with management accounts at the regularity required.

In addition to the ‘normally’ prepared Profit and Loss Accounts and Balance Sheets, the team at Fa accounting are also able to provide detailed analyses on an expense by expense (or income by income) basis to allow you to isolate the reasons for variations in any given financial period.

Fa accounting are able to undertake this work for you whether we have undertaken the bookkeeping or submission of VAT Returns for your business or, indeed, whether you have undertaken this yourself.

Please contact us if you require management accounts preparing.

The deadlines in respect of the submission of Tax Returns appear to come round rapidly every year and we can ensure that all such deadlines are met in an expedient manner and with minimal fuss and business disruption.

We are fully au fait with all tax laws and how they will / should apply to your own personal circumstances.

In the event that you require specialist tax advice then Fa accounting have highly skilled Tax Consultants to assist in this regard.

Tax Investigations

Investigations by HMRC into your financial affairs are unfortunately a fact of life and, in certain circumstances, HMRC can pursue these aggressively.

In the event that you are the subject of a Tax Investigation then, once again, the team at Fa accounting is best placed to assist you in this particular area by utilising the services of our UK renowned tax investigations team in Forths Forensic Accountants.

Similarly, it is now for the most part a prerequisite for banks / financial institutions to require a business plan in support of requests for additional working capital / capital funding.

Therefore, for many new start or expanding businesses, a business plan is a necessary evil to get the business off the ground, or indeed support in expansion plans, and the preparation of the same may be beyond the experience of the self employed individual.

At Fa accounting we have considerable experience in putting together all types of business plans ranging from those which are essentially a collection of cash flow and profitability projections to substantial formal business plans with projections and weighty narrative that can be submitted to financial institutions in order to secure / maintain funding for a business.

We have had considerable success in obtaining funding packages for businesses with these plans and, indeed, not only have we prepared them but also assisted in presenting them to banks in order to provide corroboratory support.

We can, therefore, assist you in pulling together all the financial threads of your business into a coherent document for whatever reason you may have.

Please contact us if you are in need of this service.

This involves the provision of all normal payroll documentation such as payslips, P35s, P60s, P45s etc the cost to you being levied on a monthly basis.

Please contact us with any query that you may have on our payroll services or indeed if you require a quote in this regard.

At Fa accounting we are initially able to advise on the necessity for you being registered for VAT and, should the need arise, submit the registration on your behalf.

If you are already registered for VAT then you will be aware of the requirement to submit quarterly VAT returns to HMRC to account for VAT as required by law (unless you are on an annual flat rate scheme etc).

The team at Fa accounting are able to undertake all work necessary to ensure you are compliant with this obligation and that all of your transactions are properly accounted for in respect of VAT.

Fa accounting are able to prepare and submit VAT returns, on your behalf, whether we have undertaken the bookkeeping for your business or, indeed, whether you have undertaken this yourself and need the same checking.

In the event that you have aspects of your trading which generate complex VAT issues, we have a hugely experienced VAT Consultant to provide specialist input into such areas.

Please contact us if you require assistance in this area.

The team at Fa accounting are able to undertake this work for you whether we have undertaken your bookkeeping or VAT Returns preparation in the financial year or, indeed, whether you have undertaken all of this work yourself.

In the event that you have undertaken this preparatory work yourself we will, of course, check the accuracy of the same prior to preparing the accounts.

Following the preparation of any set of accounts they are discussed in detail with yourself to ensure that they accord with your own understanding of your trading levels / profitability in the year in question and that you are happy that they portray the correct picture prior to submission to the relevant authorities.

As part of our work undertaken for the owners of companies we will ensure that all annual company secretarial work is up to date and compliant with statutory requirements.

If you require your year end accounts preparing then please contact us.

This obligation is important as HMRC has significant powers to fine individuals / companies who they consider have failed in this regard.

Whilst many self employed individuals may consider themselves to be competent to maintain their own accounting records on a monthly / quarterly basis (in a manner which allows for the easy preparation of year end financial accounts / tax returns) other individuals may recognise that this is not their forte and prefer to outsource this work.

At Fa accounting we provide an individually tailored and bespoke bookkeeping service to clients in a very cost effective manner.

In the event that you are a new start / growing business, the team at Fa accounting has experience of a number of different accounting systems and will be able to both recommend to you the most appropriate system for your size and type of business (be it hand written or computerised) and indeed, if required, undertake such bookkeeping as is necessary to ensure the correct recording of your transactions in your records.

We believe that your accounting system should develop as your business develops and the team at Fa accounting are well placed to advise on this subject as the requirement occurs.

Please contact us for a quote if you require bookkeeping services.