As well as providing bookkeeping and payroll services to many well established business in Milton Keynes and the surrounding areas, we often get involved to new and developing businesses. Controlling your accounts can prove to be a complete nightmare, especially if you have no financial knowledge and do not have the time or interest to obtain several diplomas on bookkeeping & accounting.

Surely you need to 'get on' with what you are good at. After all, that's the reason you started your own business to begin with. What do you do? Interesting question isn't it? Without financial knowledge how do you know where your company is heading? Will it survive? Are you making a profit or loss? What about your cash flow forecast? Do you have the right bank accounts, do you need a business loan, for how much and over what term? Will the world come to an end!!!! Bookkeeping is the means by which you stay in touch with this information as a business.

Payroll is of course another area that it is often worth outsourcing to a third party. It can certainly be a complicated process taking on employees with all of the new employment laws. You would need to know all about PAYE, SSP, SMP, NI contributions, holiday entitlement, Inland Revenue tax and end of year reporting, expenses, benefits, director's remunerations, and so on.