Frevelo Llp

If your business is in need of direction in order to meet new goals, or is unsure as to where the business is heading, we can help.

Management reporting
Business advice
Scenario planning and forecasting

Money savings ideas to run your business more efficiently.

Year end accounts do not have to be a big issue. This can be time consuming, especially if accounts have not been accurately kept throughout the year. Whatever your situation, we are here to help.

If you need help to produce your year end accounts for submitting to HMRC and Companies House, we can do this on your behalf.

Alternatively, if your company has an annual audit, we can ensure that your accounts are ready for audit and once all the transactions have been completed, check them if required, beforehand.

In addition, we can come to you, to process the accounts for you, leading up to the audit.

We can also file your statutory returns for you on your behalf.

If your business needs monthly, quarterly, or annual accounts, we can process them for you.

All businesses will require a profit and loss and balance sheet as a minimum, to see if the business is making a profit and with some of today’s accounting software this can be done in real time, rather than looking at accounts for a period that has already passed.

We can also provide you with cash flow forecasts and budgets so that you can plan ahead with large projects or capital equipment and ensure your business sticks to its spending plans. See Management Reporting for more information.

Whichever reports you need, we have several different options of accounting software, including Quickbooks which we can use to produce your accounts. Alternatively, we can use your existing software if you prefer.

Whether your business requires an external audit at year end or whether you file micro accounts, there are several benefits to having an internal audit.

Depending on your reasons for the audit we will carry this process out with little disruption to your business at a time to suit you.

Our findings will give you information on the accuracy of your current financial accounts and where changes need to be made.
In addition, if procedures and processes are adequate for your business needs and where improvements can be made.

We will make recommendations which can reduce the risk of fraud and ensure that the business is compliant in money laundering regulations and GDPR. These improvements will save staff time and save your business money.

We can provide you with management reports to suit your business requirements.

If you require a budget, cash flow forecast, or a period end financial report, we can provide them for you, tailor made to your business.

Budgets help your business to stick to a predetermined spending plan in any specified areas. It helps departments to plan their expenditure throughout the year and keeps everyone on track.

Cash flow forecasts help you plan your large project and capital equipment spends by projecting the cash available over a given time in the future.

Financial reports can be tailored to your business needs and can help managers to understand the numbers against key performance indicators (KPI’s). Again, this is a positive planning tool for your business to ensure it stays on track.

All these reports are not only useful to you as a business owner or manager but they are also used by external stakeholders in determining how much credit or loan they are prepared to offer based on the financial state of the business.

If you require some validity to your financial accounts for stakeholders and do not have audited account, then we can help.

Tax really does not need to be taxing, but it does need to be done on time, to avoid penalties from HMRC. Let us do the work for you, so you can concentrate on running your business.

We are experts in calculating VAT and taxes and we offer the following services:

VAT - If you need information about becoming VAT registered or simply need someone to calculate your VAT return on a monthly or quarterly basis, we can help.

Personal Tax - Let us calculate your personal tax computation for you, including inheritance tax.

Business Tax - If you are a Limited company, sole trader, or partnership, we will prepare your tax computation and submit it for you on your behalf. All that is left to do is pay HMRC the amount owed.

If you are using the cloud based versions of QuickBooks or Xero and are not sure how or where to enter transactions correctly or how you can minimise your tax bill, we can help.

As pro Advisors for QuickBooks and Xero we offer personalised training sessions. Our sessions are more than learning how to use the applications confidently. The sessions are designed to give you an understanding of what is and is not allowable for tax purposes, relevant to your business and know how to submit an accurate tax return, saving you time and money.

These sessions will give you an understanding of how to manage your own accounts and the confidence in knowing that you are paying the minimum tax required whilst remaining compliant with HMRC.

You tell us what you need from the sessions and we will guide you through to success.

We currently offer training on a one to one basis or small groups remotely, using Zoom or Teams.

Each session is an hour long and as many sessions as required. All sessions are tailored to your exact requirements and at the end of each session you will receive a written summary to use as a working document for future reference.