At SaintFG, we offer a Virtual Finance Function that allows you to outsource your whole finance function so you can focus on what you are good at while we do what we are good at.
We often see many business owners surprised that this sort of service is available where they can have the important financial information broken down and the best steps to take next. Very quickly we are going to show you everything that should be in your Finance Function and if not, this is exactly what we do for our most successful clients!
Bookkeeping is the foundation of your business and it is essential it is kept up to date as much as possible. For our clients, all we ask is for them to take photos of the receipts/invoices they receive using HubDoc/Dext and we can handle the rest from there! Many construction business owners and even some accountants undervalue the importance of bookkeeping, it is no longer just something that needs to be done, it has to be done! If you want to have insights into your business that are accurate, reliable and something you can you to make important business decisions then this needs to be done weekly as a minimum... how often is your bookkeeping being down currently?
Keeping in line with the Companies Act can be a lot of tasks that reoccur every year. Our company secretarial services is 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.
Registered Office Address
Keeping your address off HMRC records and for the public to view plus any HMRC correspondence we can handle on your behalf.
Financial Accounts/Tax Return
Probably the most common reason you go to your accountants, for your company accounts and tax return to be submitted to HMRC, however, did you know not all accountants are the same? With our company accounts service, you will receive free quarter reports that will estimate your corporation tax bill so you can know roughly how much is going to be due way before the deadline! On top of this, we also include a free tax planning meeting to cover any tax planning opportunities.
Something many construction businesses can struggle with and we understand this. We have a bespoke credit control function that collects your money in your exact requirements. Our bookkeeping team is monitoring your account to ensure when the right time to chase a payment is and we use past trends to identify when a client is likely to pay.
An example we commonly see if a someone paying consistently 3-4 days every month and this is something that is not worth aggressively chasing as it could ruin a relationship and the reason for the 3-4 day delay is likely to be how the days fall on the weekly payment run. We have escalation procedures in place to speed on your payment if someone is consistently late, or has not paid at all. We can call up late payers on your behalf following strict procedure to ensure we don't overstep our mark and to keep your relationship healthy.
A payment run service is where we would manage all your outgoing payments (suppliers or employees etc) through the business. We set up your weekly or monthly payment run and all you have to do is approve and authorise the payment and that's all!
Many business owners do their own VAT returns as bookkeeping softwares claim it can be done in “one-click” however did you know our VAT return service on average results in 30% more being claimed! We take the time to understand your business and being construction specialists we know the special VAT rules that take place within the construction industry,
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 Statements.
Personal Self Assessment
Along with preparing the company accounts and tax returns, we will also prepare your personal Directors tax returns. These are required to declare your personal income (Salary & Dividends) for the year. We help you to pay the least tax possible.
A Business Planning session will require you to take time out from day to day activities IN the business to focus ON the business.
Together we will review your past performance 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 that will act as a guide map to ensure you are on course for success!
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 at right now and give you the ability to see what needs to happen.
A modern and visual way to plan for your business while using financial modelling to accurately see the likely outcomes ahead. 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.
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.
Why Is This Important?
Business owners believe that it is difficult to change accountants or all accountants are the same! Don’t let a few bad experiences put you off the actual good accountants out there!
We treat every business as if it was our own, we don’t just advise on the numbers, we want to make your business as successful as you want it to be. Accountancy and Tax is an important part of a business HOWEVER we want to provide a SOLUTION!
We only provide this service to businesses in the construction industry plus with 30 years of experience, you know you are in safe hands. Talk to us today to see how we can support you.
Frequently asked questions
This article has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the provided content.
PS. Whenever you are ready, here's how to grow your construction business...
1. Join our Facebook Group which built completely for businesses within the construction industry. Real people, real support. - Now also available on LinkedIn.
2. Keep up to date with Construction Insider Providing you with industry insight, tips & tricks and much more to make sure you are ahead of your competitors!
3. When you are ready, Become a Saint Financial Group client, and we will provide you with the highest quality solutions to effectively scale your construction business. Book your meeting here!
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