Purple Consulting offers a professional bookkeeping, management accounts and accounts preparation service to small and medium businesses across Buckinghamshire and the surrounding areas. Whether you are a sole trader looking for someone to complete your annual tax return or a larger enterprise wishing to optimise the day-to-day running of your accounts department, we have the solution for you.
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Bookkeeping
Let’s face it, bookkeeping can be confusing, time consuming and, worst of all, boring! It takes your focus away from what is at the heart of your business (your products or services) and stops you doing what you enjoy and what makes your business a success.
Our team of experienced bookkeepers work quickly and efficiently to ensure your books are kept up-to-date. Whether you’re just looking for someone to undertake the day-to-day administration of your accounts or require more in-depth reporting, we can provide a bespoke service to suit your needs.
We are versed in producing monthly management accounts, filing VAT Returns, cash flow forecasts, budgeting, and all that’s in between. The list just goes on and on.
We will even go that extra mile and complete your year-end accounts preparation, which means that when your accounts reach your accountant for year-end reporting, everything has been reconciled and the year-end process is completed quickly and easily, saving you money in accountant’s fees!
Payroll
We know what a headache payroll, pensions and RTI (the data submission to HMRC) can be and we have carefully and scientifically formulated the perfect cure! Outsource your payroll to Purple Consulting! As part of our payroll service we will run your payroll at whatever frequency you require, submit RTIs and administer your pension duties (we can even help you set up your pension if you’ve not already done so).
We use Sage Payroll software, which is fully integrated for RTI submissions and with some pension providers, which means the costs of running a payroll and pension is kept to a minimum.
As we are a registered agent with HMRC, we can act on your behalf should you wish us to, for any reason. We are also registered for HMRC online, which means that we can keep an eye on your account with them and resolve any issues, should they arise, without having to get you involved.
Auto-Enrolment
You’ve probably heard of auto-enrolment, even if your staging date hasn’t passed, but do you know what it really means to you as an employer and what you need to do?
New legislation is always scary, at first, but we are here to show you that there is nothing to fret about, we’ve got you covered!
The new legislation means that every employer has to assess their payroll and employees for the provision of a pension by a certain date (known as the “staging date”).
Pension processing, by its very nature, is a payroll process and we can help you right the way through, all you need to do is choose your pension provider and leave the rest to us!
Having chosen your pension provider, we will process everything alongside your payroll using our state of the art Sage Payroll Bureau software.
What’s more, we are registered as an agent with The Pensions Regulator so can act on your behalf in completing your compliance duties as and when they arise.
Making Tax Digital
Have you heard about Making Tax Digital for Income Tax? Are you ready for the digital revolution?
If you are self-employed or a landlord with an annual business or property income of more than £50,000 per year, you will soon be required to have HMRC-recognised software in place to keep digital records of your income and expenditure. You will also be required to submit quarterly updates to HMRC and a final annual declaration instead of using HMRC’s website to file returns once a year. This all comes into effect from the 6th April 2026 and will be extended to those with annual income above £30,000 in April 2027.
But don't let this news have you running to the hills, run to us instead! We are perfectly placed to deal with these new (to you) obligations and are well versed in Making Tax Digital compliance, having been a part of the digital movement since it was first introduced back in 2019.
And, it isn't all bad news. Keeping digital records and quarterly reporting can actually help you become more efficient in your business and allow it to grow from strength to strength.
