Virtual Finance Solutions

Struggling again to meet your accounting task deadlines?

Need a specialist company in administering outsourced accounting and financial solutions tailored for entrepreneurs and businesses in the UK?

 

Our Virtual Finance Service

Tired of late payments, unexplained debtors, sudden tax bills, lack of cash and late suppliers’ asking for payments?

Feeling overwhelmed…?

Want to focus on the bigger and better projects, however not sure if your small or medium sized enterprise business is ready for it?

Then why not try our Virtual Finance function. You can outsource your finances to us, so you can focus on achieving the life you always wanted.

We are ready to establish a business partnership that gives you the confidence to take on more clients.

Here is what we can do for you…

Profits Plus accounting
virtual finance function

Accounting Software

Accouting Software

Use state of the art accounting software Xero to manage your finances in one place. Unfortunately, many business owners are still trying to manage their finances cheaply either by using invoice only platform, using excel or even paper notes. Truth being told, you cannot manage your finances unless all components of the business are managed under one umbrella allowing you a complete overview of your current position and creating efficiencies when it comes to an audit.

Financial Accounts/Tax Return

Financial Accounts

With our virtual finance function doing yearly accounting and tax returns will be the thing of the past. We have perfected our business processes so that you can review your accounts monthly or quarterly, know your tax liability and take time for appropriate tax planning along with take steps to mitigate any tax bills.  You provide us with the access control and we provide you with all the information you need to keep your clients up to date and provide advice and technical support should you ever require it.

Bookkeeping

Bookkeeping Icon

Bookkeeping is the foundation of any accounting and finance function. As tedious it can be it allows us with the experience and the expertise in finance and accounting to make effective decisions. Good news is you don’t have to do this anymore as we can take care of your bookkeeping.

Credit Control

Credit Control

Struggling to keep on top of who owes you what and when? We can either act under your name or show that you are working with a third party to chase any overdue balances that may occur. 

Payment Run

Payment run

A payment run service is where we would manage all your outgoing payments (suppliers or employees etc) through the business. We use a secure third-party software where we would pre-arrange the outgoing payments so all you need to do is approve the payment run and the rest will be handled by us. Our team takes ownership of the work and has the knowledge and experience to also deal with any support enquiries.

VAT Returns

VAT Returns

As easy as it looks, having an expert review your vat returns before submissions give you peace of mind. Also, we can advise on things like, application to payments, payment on accounts, invoice accounting, cash accounting and much more.

Payroll

Payroll

Preparation and filing of the company payroll to HMRC and providing payslips to employees through an online portal. Plus, we can also handle all your CIS needs including supplying your subcontractors with their CIS Payment & Deduction Statement 

Business Plans

Business Plans

Create better tax planning opportunities, invest money wisely and make your money work hard for you. A business planning session will help you focus ON your business and not IN your business.

Together we will review your past performance data and clarify your future direction. We will set realistic 12-month goals and 90-day goals to define strategies for achievement. We will have created a Business Plan using our trusted business process that will act as a guide map to ensure you are on course for success!

Management Accounts

management accounts

Our Management Accounts is an in-depth analysis of your current position to provide a clear & comprehensive report to show your progress against the plan and adjust the targets to ensure you remain on track to achieve your results.
This will give you a clear understanding of where you are right now and give you the ability to see what needs to happen.

Company Secretarial

Company Secretarial

Keeping in line with the Companies Act can be a lot of tasks that reoccur every year. Our company secretarial services are a cost-effective solution to have your company secretarial requirements covered for you. We will maintain your registers electronically, updating Shareholders Records, Control Office Records, Statutory Registers and Managing Company Details.  

Cashflow Forecasting

Cashflow-Forecasting

A modern and visual way to plan for your business while using financial modelling to accurately see the likely outcomes ahead. Having this valuable insights means we will be able to show micro forecasts that make it easy to see the financial impacts of hiring a new staff member or purchasing an asset allowing you to see every opportunity for your business. 

Registered office Address

Registered office address

Keeping your address off HM Revenue and Customs (HMRC) records and for the public to view plus any HMRC correspondence we can handle on your behalf. 

Tax Investigation Insurance

Tax Investigation Insurance

You are not able to prevent HMRC from raising an investigation however you can prepare for one with our HMRC defence package with up to £100,000 of our fees covered. 

A Virtual Finance Function service through Profits Plus

Why not book a call with us NOW and see how we can help you improve your business finance function?