Accountancy Services for Small Businesses
 

Small Business Accountants

We are a full-service professional accountancy firm providing compliance and advisory services to small businesses and their owners.

As a small business ourselves, we understand the challenges that you face on a daily basis.

Whilst annual accounts may be required to meet your business’ statutory obligations, if they are prepared in a timely, insightful and economical way, they can also provide valuable information for your decision making.

We actively manage the timing of the accounts production process to ensure that you meet your statutory responsibilities and through this information, take advantage of early tax planning opportunities.

Accountancy Services Include:

  • Annual Accounts
  • Company Financial Accounts
  • Management Accounts
  • Court of Protection accounts
  • Cash Flow forecasts

 

Business planning and forecasts

Every business should plan ahead to ensure success but daily business pressures often get in the way. 

Financial forecasts are a crucial part of any business plan, particularly if you need to raise finance to fund growth or an acquisition. You may also need to prepare an annual budget to enable you set targets and monitor performance.

We can create financial forecasts and budgets on your behalf - ensuring that they are realistic and robust.

Book-keeping, VAT and Payroll Services

You need to be able to concentrate on managing and developing your business, doing what you are best at, so it helps to have someone you can rely on to help with tax, national insurance, VAT and bookkeeping matters.
Hill Lillis provide a range of compliance services to support all aspects of business administration and we can also assist you to minimise your tax bill.

Payroll Software and Services

To help you to run your payroll more efficiently, we can install payroll software and train your staff - or we can run your payroll for you. 
We can offer a complete payroll service, what ever the size or complexity of your business, or simply provide support when needed.

Bookkeeping Services

We can help you with all your general bookkeeping requirements, either at your offices or at our office. You may require help to write up books or need us to add the finishing touches to information on bookkeeping systems in order to create your own management information. If you do not employ a bookkeeper then we can take up the role or help you to recruit the right person for your business.

VAT Management

VAT compliance can be a challenge! We can help to ensure that you comply with the regulations and manage your VAT returns and payments effectively. Our VAT services include:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Choosing the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Negotiating with Customs and Excise in the event of a VAT dispute

Business Start-Up Advice and Support

If you are looking to start a new business, you may be unsure of the best way to manage the legal and financial aspects. Just bring us your business ideas and we will help you to make them a reality! We will help you to:

  • decide on the most suitable structure for your business - sole trader, partnership, limited liability partnership or limited company
  • prepare a business plan, cashflow projections, budgets, and trading forecasts
  • complete any registration procedures with Companies House, Inland Revenue and Customs & Excise
  • deal with company secretarial issues
  • set up a recording system for your use and to comply with statutory requirements
  • advise on, or manage your accounting requirements
  • help with all aspects of business compliance and administration.

Company formation and Company Secretarial work

The proprietors of many small businesses choose to operate as a limited company, for practical, legal and tax planning reasons.

All companies must have a Company Secretary who will deal with legal and reporting issues arising from the Companies Acts, which govern how a company is run. Most business people will appoint themselves as Company Secretary but do not have the time or technical knowledge to fulfill the legal requirements. That is not a problem, since we can deal with all of this work for you.
We can offer the following services:

  • Company Formation
  • Completion and submission of statutory forms
  • Maintenance of statutory registers
  • Dealing with appointment and resignation of officers
  • Assistance with annual returns