This can been seen by the introduction of the Working Families Tax Credit & the collection of Student Loans in recent years.

The Inland Revenue are putting firms under more pressure to ensure that all payroll aspects are completed accurately within strict timescales. The smallest error is met with stiff fines and penalties.

We at 1st Accountancy Solutions Ltd can provide a fully computerised payroll bureau providing clients with a painless and yet cost effective solution the payroll nightmare.

Weekly or monthly payrolls are undertaken. Covering all aspects of running a company payroll including:

• Send notifications of new starters on the appropriate form by fax or email.
• Fax or e mail timesheets on an Excel spreadsheet.
• Payments by BACS, cheque or cash.
• Cash breakdown
• Journal entries to enter the payroll into the accounting records.
• Job Costing Breakdown
• Year End Returns P60s etc
• Including stationery

Bookkeeping

The regular recording of your company's financial transactions is the foundation upon which the Accounting, VAT and Taxation elements of our services are based. Furthermore the Companies Act places a duty on the directors of a UK company to maintain proper books of account in order that these records can disclose with reasonable accuracy the financial position of the business.

In addition to this statutory requirement, your company will have been established to generate profits. Regular financial reports are essential for you to maintain control over the finances of your company and to ensure that it is indeed trading profitably. Naturally, there is much more to more to bookkeeping than mere record-keeping and the services we offer include:

» Opening bank and trading accounts
» Control of purchases and stock
» Making payment to settle the company's liabilities
» Preparation and dispatch of sales invoices
» Credit control (collection of sums due to the company)
» Management of cash and bank balances
» Management of the company's relationship with its bankers

These are all essential elements in controlling the financial health of a company. Our team is at your service to take care of these ongoing requirements for you.