West Lancs Chartered Accountants

The world is changing. With the move towards digital and the impending introduction of HMRC’s “Making Tax Digital” there is a fundamental shift in the way in which we do business. Online accounting platforms allow businesses to create invoices, pay bills and keep up to date with their finances on the move. Similarly, Making Tax Digital (MTD) is HMRC’s drive to make the UK the most digitally advanced tax system in the world – and will ultimately require businesses to submit quarterly tax returns via digital platforms. At the moment, MTD plans are progressing slowly, but they are moving and we advise businesses to be prepared for it. Adopting cloud accounting is not just about the ability to comply with MTD. That is an additional benefit. There are many other good reasons to consider cloud accounting.

Save Money - Moving to a subscription based managed service saves money on infrastructure and support and there are no more expensive upgrades, up-front licence fees or downtime

Save Time - It’s quicker and easier to update financial records as your bank and other data sources (i.e website sales) can be integrated directly with your accounting data

Ease of Access - You can run your business remotely from any device with an internet connection. From work, home, or on the go, you can be confident that you have an up-to-date picture of how your business is doing, no matter where you are

Security - Cloud accounting is safer and more reliable than storing your valuable financial data on your own computer (which can break, get stolen, or simply misplaced)

We can provide a set of bespoke services tailored to suit your start-up requirements. We have found over the years that clients who are starting a business require more from accountancy services than simply compiling accounts at year end. We recognises that clients want regular contact where issues can be dealt promptly and efficiently, whilst at the same time keeping costs under control. We offer fixed price packages for start-ups so you know exactly what you are getting, it’s value and how much it’s going to cost.

Initial Consultation:
We will review and appraise your business opportunity
Understand your requirements and advise on the best legal structure, share structure etc
Advise on funding requirements and banking
Explain a start-up’s accounting needs and develop a bookkeeping system, and training for staff

Set Up Services
We can deal with company formation and legal issues
We will register the new business with HMRC. (PAYE, NI, VAT where applicable
Develop your business plan (forecasts and budgets)

Are you focused on business growth and determined to grow quickly and strategically? If this sounds like you then we can deliver proactive business advice and support that will help you grow and scale your business. West Lancs Chartered Accountants has a wealth of experience in delivering growth plans to help you achieve your dreams faster. To get you started we’ll carry out a review of your business and its numbers to identify areas where you can improve your performance.

Using those results we’ll help you plan the year ahead using a coherent plan that focusses on the KPIs of your business. This means you will get real action points and targets to focus both you and your team on to achieve the business growth you set out to achieve. Your regular meetings with us will help you discover opportunities to improve the success of your business and achieve the aspired for growth.

Together we can help you find:

- A practical, successful growth strategy
- Funding and finance
- Investment and cash flow
- Innovation opportunities
- Maximising your people and team

West Lancs Accountants has partnered with Capitalise to make it easy for businesses to access funding. Funding success requires more than just completing an application. You’ll need to provide information that is easily understood and attractive to lenders. We can support you in all stages of the funding process and position your company in the best possible light for securing finance.

Some of the products offered include:

Asset finance: Fund any asset, from telephones to forklift trucks, through asset finance
Invoice finance: If you invoice other businesses, use your invoices to get funding
Merchant Cash Advance: Use your credit card transactions to get funding
Trade finance: Pay for goods based on an order using trade finance
Working capital: Get a working capital loan to finance every day operations
Property finance: Get access to bridging loans, development and commercial finance

Whether you employ only a handful of people or a large workforce, dealing with the payroll and ensuring compliance with employment legislation, and avoiding possible fines, can be yet another burden and concern. Not anymore. By using the WLCA payroll service, you will be able to ensure pay is made in accordance with the appropriate legislation, allowing you to focus on running your business or organisation.

All of our payroll clients have peace of mind when it comes to dealing with Real Time Information (RTI) and Auto-enrolment. Our payroll team looks after the payroll for all sizes of businesses and types of organisation.

Removes the need to train staff in payroll procedures
No need to invest in dedicated payroll software
Provides peace of mind and ensures you comply with the requirements of Real Time Information (RTI) and Auto Enrolment
Reduces the risks of PAYE arrears and penalties