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The
Companies Act places a duty on the directors of
UK companies to keep proper books of accounts so
these records can disclose with reasonable
accuracy the financial position of the business.
FTI specialises in assisting client to ensure
that their books are in order and are in
accordance with the Companies Act.
Regular financial reports are vital for you to
maintain control over the finances of your
business and ensure that it is trading
profitably. There is much more to bookkeeping
than mere record-keeping, and the services we
offer include:
- Preparation of sales invoices and dispatches.
- Credit control (collection of funds due to the
company).
- Maintaining of bank accounts and petty cash
records.
These
are all vital elements in maintaining the
financial health of the business. Our team is at
your service to take care of these requirements
for you.
For Contractors
As a
contractor, you may be required to fill in
timesheets or produce invoices detailing the
work you have done for your clients.
FTI
will assist you in maintaining your finances and
keeping them up-to-date. Most clients and
agencies will require an invoice to accompany
each timesheet, detailing the full amount billed
for services completed, plus VAT (where
appropriate). When some of the larger companies
receive your authorized timesheet, they will
offer a self-billing option in which they will
create an invoice on your behalf. Although
payment times vary from agency to agency, larger
agencies tend to pay promptly (some within seven
days). You shouldn't experience any payment
delays; if you do, chase up the agency/client.
You should be aware that the Construction
Industry Scheme (CIS) sets out the rules for how
payments to subcontractors for construction work
must be handled by contractors in the
construction industry. The scheme applies mainly to contractors and
subcontractors in mainstream construction work,
however businesses or organisations whose core
activity isn't construction but have a high
annual spend on construction may also count as
contractors and fall under the scheme, since
being extensively revised in April 2007.
FTI will help you to seek registration under the
scheme. Please
contact us on the issue.
ENQUIRY
For
Sole-Traders and Partnerships
For
businesses which prefer someone else to monitor
their paperwork, the full service consists of
the following, though clients may pick and mix
one or more of these services to suit their
business requirements:
- Prepare and dispatch all invoices under your
business name.
- Keep all your accounting records.
- Prepare periodical VAT returns.
- Prepare the weekly/monthly payroll, and issue pay
slips under your business name.
- Prepare all statutory documents for end of year
payroll.
- Prepare and compile the business year and
accounts.
- Compute and compile business and personal tax
returns.
- Prepare management accounts monthly, quarterly
etc.
- Business plans, forecast, cash flows etc…
If you would like a quote, please use our
contact page above, and complete the form
describing the services your business could
benefit from.
ENQUIRY
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