You’re comfortable with the numbers but need us to take care of the compliance

• Register your business
  • We will incorporate your limited company with Companies House, appoint directors and allot shares to shareholders
  • or if you are a sole trader or partnership business we will register you with HMRC
• Cloud accounting software
  • We will advise which cloud accounting software is best for your business from the market leading providers, Xero, QuickBooks or Sage.
  • Including apps for invoicing on the go, mileage trackers, receipt scanning etc
  • Training provided to get you started and monthly workshops running throughout the year, together with ongoing support
• Register for taxes with HMRC
  • Self assessment – Directors, sole traders and partners will need to file a Self Assessment Tax Return every year
  • Business tax – Limited companies will need to complete a Corporation Tax Return and partnerships must complete a Partnership Tax Return
  • PAYE scheme – if you will be paying employees you must deduct tax and report this to HMRC under RTI (Real Time Information)
  • Work place pension – You are required by law to automatically enrol employees into a pension scheme
  • VAT – You must register for VAT if your business turnover exceeds the threshold. We will advise you when the time is right
  • Construction Industry Scheme (CIS) – If you work in the construction industry and pay subcontractors you will need to deduct tax from their payments and report this to HMRC
• Prepare and file your annual accounts
  • Limited companies have to file accounts at Companies House in a specific format
  • Sole traders and partnerships will require accounts for their self assessment tax returns
• Prepare and file your tax returns
  • Company and personal tax returns have to be filed once a year to HMRC
  • Advise you of tax liabilities and remind you of when payment is due
• Annual confirmation statements
  • Limited companies must file a confirmation statement once a year to Companies House to ensure the company’s registers are up to date
• Annual review meeting
  • Once a year we will review your accounts and tax position with you
  • A chance for you to update us with your future plans and ask for advice
  • This also gives us an opportunity to undertake tax review to ensure your business continues to be setup in a tax efficient structure

Take control of your finances with Barrons working with you and produce information to help you make better business decisions.

Everything from the previous package plus:

• VAT Returns
  • Undertake regular reviews to ensure VAT is being correctly declared and claimed
  • Submit VAT returns on your behalf to HMRC
  • Liaise with HMRC on your behalf to deal with any issues that may arise
• Quarterly accounts review
  • We will review your cloud software remotely to make sure your accounts are accurate
  • Make corrections if required
  • Give feed feedback to improve your data by providing additional training if necessary
• Quarterly advisory pack
  • 30 minute meeting with your Barrons advisor once a quarter to keep you on top of your numbers
  • Management accounts produced every quarter showing your results which we talk you through in the meeting
  • Budgets, forecasts and bespoke reporting available to make sure you have all the information to make the best business decisions
• Payroll
  • Online payroll system for employees to access payslips direct
  • Fully GDPR compliant
  • Monthly fixed fee is based on a monthly payroll including up to 5 employees. Price will increase per additional employee or if weekly payslips are required.
• Workplace pension
  • Employers have a statutory duty to automatically enrol employees into a pension scheme and contribute to their pension.
  • Barrons will register a pension scheme, carry out monthly employee assessments of who needs to be enrolled and produce correspondence for your employees taking the compliance off your hands

You want to free up your time and concentrate on your business.

Everything from the previous package plus:

• Full bookkeeping service
  • Allow us to record every transaction. We will streamline a system which allows you to approve invoices and then be picked up by us for processing
  • Track outstanding customer invoices and supplier bills to be paid
  • All you need to do is send quotes and invoices to your customers which we will help get you started
• Financial controller
  • For the complete full service, let us control your cash flow. We will decide who gets paid and when, setup supplier payments with your bank for you to complete the final authorisation.
  • Chase outstanding customer invoices.