Following the success of our dedicated bookkeeping company, FoxKash, in 2017, we are excited to launch a comprehensive new service specifically tailored towards our small business clients.
With HMRC intent on increasing regulation for small businesses in the form of Making Tax Digital for Income Tax Self-Assessment (ITSA), we recognised a need for cost-effective, all-inclusive service for our clients.
The development of Cloud Accounting has brought a wealth of advantages to the small business market. Licence fees are lower, digital links make processing easier and information can be accessed from anywhere with an internet connection. All this means it’s easier than ever before for us to work collaboratively to ensure our clients have the very best information at their fingertips.
Having up-to-date financial information will help you to make better business decisions, whether that’s checking invoices that have been paid or monitoring the impact of price changes on profits. Being able to check on your profit throughout the year also gives you the ability to plan for tax – no more nasty tax surprises when January comes around!
And while HMRC may have delayed the implementation of MTD for Income Tax, it has reiterated its commitment to businesses reporting quarterly profit figures to HMRC.
We understood that profit margins are tight in small businesses, and few would welcome additional software licence fees or accountancy costs in order to comply with MTD regulation, even if it meant having access to great financial information as a result. So we set about designing a service that could deliver an end-to-end financial package at a low cost.
We looked at every stage of our service and made it more efficient, using Xero from start to finish to eliminate time spent transferring information between software packages, removed admin processes that were not required for the smaller, simpler businesses, and ensured we were maximising the use of new digital solutions.
We then looked at how we could price this in a simple and easy-to-follow set fee structure that delivers what our clients need at the best value possible.
The result? Our comprehensive package includes:
- Annual Xero software licence
- Full bookkeeping processing
- Submission of VAT and MTD returns (where applicable)
- Payroll and CIS processing (where applicable)
- Quarterly report pack
- Annual accounts production
- Personal and Corporate Tax return filing
- Online and telephone support
All you need to do is scan or snap your receipts and answer any questions we may have. We will take it from transaction level to final filing so you genuinely don’t have to worry about your accounting.
This new service is being delivered by Amer Javed, who brings with him 15 years of experience working with a range of small businesses and Xero experience.
If you are intrigued to see what this would cost for you, try our fee builder (coming soon, we’ll let you know when) and speak to Amer about how together we can transform your business.
