coxhinkins

FAQ

Most Popular Questions

We offer a comprehensive range of services including Accounts Preparation, Bookkeeping and VAT, Management Accounting, Tax Planning and Filing, Payroll Services, Business Valuation, CIS, and Financial Planning and Analysis and many others under the spectrum of Finance and Accounting.

We analyse your financial situation to identify tax-saving opportunities, such as tax deductions and credits you are eligible for, strategic tax planning for investments, and advice on tax-efficient business structures.

Yes, we can assist you in creating detailed financial forecasts and budgets to help you manage cash flow, plan for future growth, and make informed business decisions.

Bookkeeping involves recording daily financial transactions, while accounting encompasses interpreting, classifying, analysing, reporting, and summarising financial data. Accounting provides insights based on bookkeeping information.

It is recommended to review financial statements monthly to keep a close eye on your financial health, make timely decisions, and adjust strategies as needed. Quarterly and annual reviews are also important for broader strategic planning.

We will need detailed financial records for the year, including income statements, expense reports, payroll records, investment documents, and any deductions or credits you plan to claim. The specific documents required can vary depending on your business structure and transactions.

You should keep detailed records of all income, expenses, bank statements, invoices, payroll records, and any other documents related to your financial transactions.  Generally, it's advised to keep these records for at least seven years.

The first step is to schedule a consultation to discuss your business needs and goals. Following this, we will require access to your financial records and any specific documents related to your business to begin our services.

We utilise a variety of accounting software platforms, such as QuickBooks, Xero, and Sage, among other applications. We choose the best fit based on your specific business needs, size, and industry to ensure efficient and accurate financial management.

Our payroll services include setting up your payroll system, processing payroll, auto enrolment and pensions, ensuring  compliance with regulations, and providing reports. We can also assist with employee onboarding processes related to payroll.

Absolutely. We provide cash flow analysis services to help you understand the timing of  your cash inflows and outflows, identify potential cash shortages before they occur, and  make recommendations for improving your cash flow management.

Yes, we offer training sessions tailored to your needs, covering various topics such as how to use accounting software, understanding financial statements, best practices in bookkeeping, and strategies for effective financial management.

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