Small Business Accountants Hull

Small business accountants specialise in helping startup businesses, so if you’re looking to set up a limited company or you’re currently running one, a small business accountant can help make you as tax efficient as possible.

Most accountants for small businesses will carry out a wide range of finance related tasks, all of which involve figures and statistics, but that’s not all they do. For example, small business accountants can be great assets to small businesses as they have experience in navigating complex issues and dealing with problems that arise.

Our professionals provide support and help business owners reduce costs, increase profit and mitigate risks for small businesses. We wanted to share some of the services which can be provided to small businesses by accountants to help them save tax both personally, and on their business.

Small Business Accounting Services

Below is a list of some accounting services that accountants can provide for small businesses:

Cloud Accounting Software

Small business accountants offer training and advice on the the right accounts or payroll software for you. With the shift to online technologies and the cloud, our accountants have started to embrace online technologies which provide access to real-time, high-quality data.

Annual Accounts Preparation & Submission

Many of our clients want regular, timely financial information at their fingertips and frequent meetings with ourselves to discuss historic financial information, forecasts and strategy.

Bookkeeping

Accountants for small businesses work with business owners to accurately track the financial performance of their business with precise bookkeeping, ensuring they pay the correct amount of taxes and carry out an effective credit control function.

Book-keeping Health Check

If you already have a payroll system in place, but would like to know whether you're missing anything out, we're happy to perform a health check and advise you accordingly.

Business Growth

Small businesses accountants work with inspirational business owners that want to grow their business. Accountants know that there are plenty of ways to grow your business. It’s just about finding the best growth opportunities. An accountants can help you spot these opportunities.

Business Health Check

Accountants for small businesses can carry out Health Checks to answer key questions about your business, highlighting areas of potential weaknesses and pointing you in the direction of relevant help and support.

Business Planning & Financial Forecasting

Accountants for small businesses can help you map out the business plan you need to raise funds, improve management information and plan resources. Good business planning is key if you want your business to thrive and grow.

Business Support Sessions

A good accountant will get together with business owners for support sessions, listen to your issues and provide constructive feedback and ideas to support you in developing your business.  

Contractors and IR35

Advisors offer IR35 advice and contract reviews for contractors. If you haven’t already done so, we would advise all recruitment and contracting businesses to undertake a full review of both areas of legislation. We have plenty of experience of working with clients to review working practices, written contracts and ensuring that businesses have the right systems in place at the point of recruitment to fully assess the employment status.

Employee Remuneration Planning

A small business accountants can support the development of your employee remuneration strategy by advising on employment-related tax issues

Employment Status

Guidance from an accountant helps employers and individuals decide the employment status of a worker. It’s important to know someone’s employment status because it helps determine: their rights and their employer’s responsibilities.

Financial Services - Pensions, Investments, etc

There are plenty of good Financial Advisors around but it’s still a challenge finding a really great one. An accountant can refer you to advisors that offer great investment and protection advice that will give you clear and lasting financial benefits.

Management Accounts and Information

Management accounts can be a vital tool for any business in helping to identify current performance, changes and trends. If they are set up correctly they will help monitor the things that matter to the business.

Management Systems

Accountants work with clients to put good management systems in place, but also to help them interpret that data and explain what it means to their business. We ensure they have accurate data and help them assess any problem areas.

PAYE Health Check

Our PAYE Health Check provides a complete audit of your existing payroll policies and procedures, identifying potential areas of risk, and providing you peace of mind by preventing issues escalating to the attention of HMRC and incurring costly liabilities in the future.

Payroll and PAYE Returns

Accountants offer a completely confidential and cost-effective service to processing payroll, even more important as the work involved is only going to increase following auto enrolment and pension contributions.

Planning & Tax Efficiency Reviews

Small business accountants can help you with tax planning, along with providing strategic tax planning advice to help you make the most of the opportunities within the current tax system.

Raising Finance 

If you are looking to finance an acquisition or fund business growth, our knowledge of the market and how funders view different business types means we can often find funding with better terms than you could find yourself.

Tax Disputes

Small business accountants assist with challenging VAT assessments, negotiating settlements and representing you at a VAT & Duties Tribunal.

Tax Enquiries and Investigations

HMRC tax and VAT investigations can be daunting, disruptive and expensive.  Immediate professional advice can make all the difference.  We are experienced in dealing with investigations (enquiries) in an efficient, professional yet firm manner on your behalf.

Tax Planning

Accountant for small businesses pride themselves on giving clear, timely, understandable tax planning advice to our clients whether they be small, large corporate or individuals.

Tax Returns and Self Assessment Preparation and submission

We can prepare your tax return on your behalf and advise on the appropriate tax payments to make. If there is an enquiry into your tax return, we will assist you in answering any queries HMRC may have.

VAT Planning and Disputes

VAT is one of the more complex UK taxes and, often, even what appears to be a straightforward VAT question can open a can of worms. Haines Watts undertakes cash accounting and standard accounting systems; partial, fully, flat rate and annual accounting schemes and can assist in VAT bad debt relief.

VAT Registration

There is no substitute for early consultation with professional advisors; good planning ensures compliance and often savings. Leaving it too late can be costly and is often the prime reason for business failure.

VAT Returns

It is vital to file accounts and timely VAT returns to HMRC including reporting on European sales and purchases. There is a heavy penalty for failing to comply. Small business accountants can assist ensuring that the maximum amount of VAT is recovered and help with completion of returns.

Accountants for Small Businesses in Hull & across the UK

With the right accountant as a thought partner, small businesses can get insights that deliver benefits to your business by analysing company data and providing strategic advice in support of a wide range of business decisions. At Haines Watts we relish working with small businesses and helping them become more profitable. If we can help you or any of your contacts with accountancy services, please contact our small business accountants in Hull and let us know.