SERVICES

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• Annual Statutory Accounts

Preparation and filing of Annual Statutory Accounts with Companies House is one of the main compliance matters for limited companies in the UK. 

At ERI Accountants, we prepare your company’s statutory accounts in compliance with Companies House filing requirements and deadlines while also ensuring compliance with applicable Financial Reporting Standards.

For most limited companies, accounts can be filed directly with Companies House electronically via iXBRL. While ensuring compliance and timely filing of company’s accounts is a statutory requirement, we see this as a great opportunity to discuss company’s financial performance with directors to support informed decision making on tax strategies, funding requirements and over business planning.

• Bookkeeping services

Whether you manage a limited company or a partnership, keeping financial records of your business in a fully reconciled format is not only important for the final year-end accounts and tax returns, but it is equally important to provide you with the important business performance information.

At ERI Accountants, as certified advisors and partners with major cloud bookkeeping solutions including Xero, Quickbooks and Sage, we support businesses with bookkeeping setup, training, reviews and complete bookkeeping outsourcing.

We have developed partnerships with the leading software providers for bookkeeping, data capturing and reporting to enable you to access live financial information and for us to provide you timely advice.

• Payroll services

At ERI Accountants, we offer a dedicated payroll service to businesses, from director only companies to established businesses with hundreds of employees. 

Whether your business pays its employees on weekly or monthly basis, we can support your payroll function by processing periodic salaries, producing encrypted payslips which can be sent directly to the employees via email. RTI submissions are then completed to HMRC via our internal payroll software. Periodic payroll reports are then produced for the directors to support timely PAYE payments.

At ERI Accountants, we also support our clients with auto enrolment pensions – as advisors, we can set up your business for workplace pensions with NEST, Smart Pensions and Peoples Pensions. Our payroll systems are integrated to support a seamless reporting mechanism to these industry leading pension providers.

For businesses within Construction Industry, we support with monthly CIS returns, vouchers, reports and in offsetting CIS suffered against the liabilities.

• Management reporting

Production of timely management information reports is critical to success of any business. Analysis and pro active decision making based on the management information is key to driving working capital efficiency and ensuring growth potential of the business is supported. 

At ERI Accountants, we support SMEs throughout the UK with timely management reports including Quarterly Profit & loss, Cash Flow Statements, Budgets, Forecasts and Performance Analysis based on these reports. We also support business to comply with any lender reporting covenants.

Using integrated bookkeeping and reporting solutions, we deliver efficient and timely production of financial reports on key business areas.

• Corporation tax services

All Companies registered in England & Wales, whether limited by shares, limited by guarantee or subsidiary establishments of overseas companies, have to comply with Corporation Tax by completing CT600 return and electronically filing with HMRC and paying relevant corporation tax liability within the deadline.

At ERI Accountants, we work closely with the client to ensure complete understanding of the business, enabling us to implement a robust tax efficient plan as part of the overall business and personal tax strategy. CT600 Corporation Tax returns are filed with HMRC electronically, via our integrated systems.

• VAT services

VAT is a highly technical and important are of Indirect taxes and requires specialist knowledge and understanding to ensure compliance, planning and reporting.

At ERI Accountants, we are set up to provide VAT compliance services covering advice on registration, deregistration, different VAT schemes including Flat Rate Scheme, Cash Accounting Scheme and Annual Accounting Scheme.

VAT has particularly become a very challenging area post Brexit with changing VAT implications for businesses importing and exporting. We continue to support our clients with specialist advice on all technical matters including VAT on services and goods to and from EU and Northern Ireland, digital service providers and the new domestic reverse charge for the construction industry. 

• Personal tax

A complete tax advisory and compliance service covering personal tax planning in combination with the business tax planning, ensuring overall tax efficiency. We work closely with you to help you with compliance of all your personal tax affairs, keeping in mind your short and long term financial goals. 

Whether you draw your main income from dividends in a limited company or from profits in a partnership, we will initially undertake a personal tax overview, provide advice on future planning and help all your compliance matters including preparation and submission of your personal self-assessment tax return to HMRC. 

Company Secretarial services

Corporate compliance is a key component in a company’s legal obligations which mainly involves ensuring all particulars of company’s officers, shareholders, PSCs and official registers are kept up to date, in compliance with Companies Act and company’s own Articles of Association. 

Filing of an Annual Confirmation Statement is required to confirm these particulars at least once every year. 

At ERI Accountants, we not only cover the above basic company secretarial matters but also support our clients with expert advice on corporate restructuring, shares reorganisations, holding company structures and exit strategies.

Startup businesses

Starting a business from an idea can be one of the most exciting but difficult task, in particular because most prospective business owners do not seek the necessary professional advice to setup the business. Having the support of one of the leading startup accountants in the UK, right from the start is vital to ensure complete understanding, minimised taxes and timely compliance. We specialise in helping startup businesses covering all aspects of new business’ accounting, tax and compliance matters.

At ERI Accountants, we take great pride in helping ambitious startup businesses throughout the UK with our dedicated business startup service. We cover all business planning matters, funding requirements, tax efficient company structure and leading to successful incorporation of your new company. 

We also support businesses with advice on relevant taxes, registrations with HMRC, business bank accounts, loans and grants. Our dedicated team of accountants and business advisers will also setup bookkeeping systems including training of your team.

Business Funding

Whether you are looking to startup a new business, looking to fuel growth of your business or struggling with effective cash flow management of an established business, it is critical to the survival and success of any business to ensure that a complete funding analysis is undertaken by financial experts and necessary suitable funding is arranged in a timely manner.

At ERI Accountants, we help businesses at a varied spectrum for funding analysis and advice on suitable solutions. We partner with some of the leading national lenders and funding experts to arrange secured and unsecured funding facilities to support your business. 

These include commercial mortgages, asset finance, invoice finance, short term loans and overdraft facilities. Our digital bookkeeping and reporting solutions make it easier for us to generate timely funding assessment and required financial information to secure suitable funding facilities in timely manner.

Virtual FD

Finance Director is a key position in successful businesses, the driving force behind effective strategic and operational strategies. However, growing businesses may find it difficult to recruit an FD on full time basis.

At ERI Accountants, we recognise the importance of strategic advice at the board level and offer growing and established businesses a connected virtual FD service, enabling ambitious businesses the support of not only an experience FD but also a team of qualified accountants.

Presence of a finance executive in your board meetings can drive the business forward with timely reporting, financial performance analysis, and strategic analysis of systems and structure of the business.

We also offer representation in meetings with lenders and financial institutions which provides support and confidence to the business as well as to the banks.