A fresh take on accounting
Independent Accounts Services
The trend of outsourcing your finance team is gaining momentum, driven by the cost effectiveness of outsourcing bookkeeping compared to hiring in-house employees. Many business owners lack the time to undertake the role themselves, and establishing an in-house position involves substantial expenses for recruitment, training, salaries, and ongoing employment costs. Outsourcing also offers a protective measure during challenging economic periods. At FA-Limited, we have the proficiency to support outsourced bookkeeping tasks, and our remote working capabilities allow us to provide an extensive range of services throughout the UK.
The following are some of the services we can provide
Bookkeeping & VAT Returns
At FA-Limited, we emphasise the importance of maintaining precise and dependable bookkeeping records, ensuring the consistent accuracy and currency of your financial data. A key element of our approach involves customising our services to align with the distinct needs of every client and their business requirements. This adaptability encompasses various bookkeeping responsibilities, such as creating payment lists for approval, managing your finance email address, addressing queries from suppliers or clients, and generating personalised management reports.
Our services are flexible, providing thorough support across multiple domains. If you are VAT registered, mandatory returns are typically scheduled periodically, commonly on a quarterly basis, although the frequency might vary based on your individual circumstances. Relying on our proficiency in managing VAT returns, we guarantee a fast and efficient filing process.
Payroll & Pensions
At FA-Limited, we offer a comprehensive payroll service for your business. Our payroll system provides a swift and effective solution for managing payroll responsibilities. Our service involves preparing payroll on weekly, bi-weekly, or monthly basis, including elements such as overtime, bonuses or adjustments. We manage processes for joiners and leavers, directly send payslips to employees via email, submit HMRC Real-Time Information (RTI) reports, and provide reminders about PAYE liabilities and their due dates.
Additionally, we regularly assess for auto enrolment duties to ensure compliance with the Pension Regulator and can set up and administer a company pension scheme to include mandatory employee letters, declarations/re-declaration duties and contribution records. Tailored quotes, customised to your company’s size, are available to cover all aspects of payroll and pension administration.
Construction Industry Scheme (CIS)
and CIS Returns
Our CIS services include analysing and identifying CIS related subcontracted services, subcontractor verification and re-verification duties, monthly digital returns, issue, and email mandatory payment certificate to individual subcontractor.
Self-assessment Tax returns
Our self-assessment service encompasses the preparation of your tax return, ensuring the accuracy of the information, calculating your tax liability, and submitting the return online to HMRC. Furthermore, we will provide you with a schedule outlining the amount of tax owed and its respective due date.