Services

What we do

Accounts

Accounts are one of main ways to see how the business is performing over the course of a particular period. It is a legal requirement to file annual accounts with the government regulatory body, therefore we will prepare annual accounts compliant with the accounting standards and government regulations. At the same time, we prepare monthly, quarterly and yearly accounts for the clients to manage their on going business and help them to take the right decisions. Some of these consist of:

  • Budget and variance analysis with cash flow forecast
  • Annual accounts for filing and publishing
  • Actual with forecast for loan or funding applications

Bookkeeping

Bookkeeping can take a long period of time to do. However, it is fundamental to keep up-to-date with daily records. We provide extensive bookkeeping service in a much cheaper and efficient way. We support clients by training and educating quicker ways to be in date with income and expenses by using simple IT solutions. We also ensure that our clients are able to focus on their businesses by taking away the stress of daily routine tasks. This includes:

  • Updating bank and bank reconciliation
  • Maintain purchase and sales ledger
  • Maintain fixed assets register
  • Petty cash and expenses claim

 

Business start-up

We help our clients in every single steps to start up a new business regardless of their knowledge and experience. We ensure that our clients understand and compliance with government guideline related to that business. With our expertise knowledge, we help our clients to choose the right form of business suitable for their purpose. Our years of experience of working with small business, help our clients to do a due diligence when taking over an existing business.

 

  • Provide advice and help our clients to choose a suitable form of business ( Company or partnership or sole trader)
  • Register the business with HMRC, PAYE, VAT and companies house
  • Do a risk assessment and prepare business plan, budget, cash flow and trading forecast
  • Deal with bank, solicitors and outside agencies to start up the business
  • Choose the right solution for bookkeeping and banking to track day-to-day activities
  • Provide financial advices to get the right source of finance, insurance and investment options

IT Support

In the fast changing IT world, businesses can be run from anywhere in the word. It is important to be caught up with technology so one’s business can thrive through the competitive market. It also helps business to save money and time in different ways. At NRMA, we provide exclusive IT services that are both suitable and affordable for our customers. Some of these methods are:

  • Provide basic IT support to synchronise online banking and accounting software and train them how to tract the financial performance on a daily basis.
  • We link the sales system with back office functions and get real time sales, purchase and stock control detail
  • We set up network and maintain files in clouds which can be accessible from any part of the world at any time.

Non-profit organisation

We are specialised in charity accounting and giving advice on finance and governance compliance. As part of our organisation’s policy, we offer special discount for non-profit organisations in all the services we provide. This includes:

  • Advice on choosing the suitable form of non-profit organisation
  • Help with forming and registering with Charity Commission
  • Bookkeeping, payroll, management accounts, budgeting and planning
  • Preparation of Annual accounts compliance with Charity Commission
  • Consultancy service for fundraising

Tax calculation and tax advice

We offer tax advice for businesses and individuals to avoid paying unnecessary tax and efficient way to of saving tax payment. Our tax service includes:

  • Capital gain tax
  • Pay schemes and benefit in kind
  • Self-assessment tax returns
  • Inheritance tax planning
  • Investments in tax free income
  • Trusts

VAT

Value Added Tax is not an easy subject to talk about. Our aim is to make it as simple as possible for our customers to handle and understand.  It is one of the most time-consuming and complex tax areas to be imposed onto businesses.

We ensure the business doesn’t overpay or underpay the VAT. We will also make it simple to understand. We provide cost-effective services to complete VATs and files punctually to avoid unnecessary penalties.

Our services include:

  • Advice on VAT planning and administration
  • Help with completing VAT returns
  • Communicate with HMRC on VAT issues
  • Set up system to simplify VAT processing in a cost effective way