outsource
Our Outsource service allows you to delegate your finance function… increasing efficiencies and allowing you access to real-time, accurate and straightforward financial information. However you maintain control of decision-making and have more time and energy to drive your business forward.
Outsourcing to Condies allows your business to benefit from the specialist skills of our in-house bookkeepers, payrollers, accountants and directors as and when you need them.
The Outsource offering:
Our team, based in our Dunfermline headquarters, has extensive experience of bookkeeping and payroll best practice.
Our knowledge base is continuously updated in line with regulation, so we can advise you of changes that are relevant to you and your business.
Allows you to focus on value-added tasks that generate revenue, growth and ultimately improved profits.
Can significantly reduce costs and free up resources to use for new opportunities.
Will work with you to eliminate laborious traditional accounting methods that rely heavily on manual processing. We’ll replace them with automated workflows, processes and systems.
streamline your financial management
Bookkeeping
The most fundamental part of the accounting process is bookkeeping; get this right and the rest will follow. We can carry out your end-to-end bookkeeping process, allowing you to focus on running your company. If you like to have a working knowledge of all processes we can arrange training for you on your digital accounting package.
Books can be updated weekly, monthly or quarterly depending on your requirements and we will work with you to implement a software stack that makes every digital journey seamless. By using Cloud Accounting and apps designed to work in tandem with your software, we ensure that you can see your books in real time. Cloud Accounting integrates with your bank, so your transactions are populated automatically and easily reconciled. Supporting invoices and receipts can be uploaded immediately via supporting apps to suit the way you prefer to work.
One of our Client Managers will oversee your account, and you will be assigned a designated member of our Bookkeeping team so that you always have an accessible point of contact.
Our experience extends from sole traders and owner-managed businesses to fully established limited companies, whatever the industry and size of your business, we have a tailored solution for you.
VAT Returns and Making Tax Digital
We support VAT registered clients, with monthly, quarterly or annual VAT return preparation and submission.
Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.
Making Tax Digital
Since April 2019, all businesses above the VAT threshold (£85,000) are required by law to keep digital tax records.
If you have not already moved away from a paper or desktop accounting system, it is advisable to implement an online package as soon as possible. Condies Accountants is ideally placed to support you to ensure you are compliant with Making Tax Digital.
Payroll
Administering your payroll can be onerous, and often diverts energy and resource from core business activity. Added to this the growing complexity of taxation and employment legislation, and the accompanying regime of penalties for non-compliance and it can feel like a burden.
We have dedicated staff that can provide a comprehensive and confidential payroll service, including:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
- Registering and deregistering companies for PAYE
- Summaries and analyses of staff costs
- Administration of incentive schemes, bonuses, and ex-gratia and termination payments
- Administration of pension schemes
- Advice on benefits in kind, company cars and directors’ remuneration
- Compliance with Real Time Information (RTI) requirements
- Completion of payroll year-end including P60s to issue to employees.
Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
We also offer a full range of pension auto-enrolment services compliant with the requirements of the Pensions Regulator:
- Assessing employees each PAYE period
- Automatically enrolling appropriate employees
- Managing opt-ins and opt-outs as well as postponement
- Deducting pension amounts from employees
- Issuing communication letters
- Uploading pension data to the pension provider
- Setting up NEST pensions.
We specialise in services in relation to the Construction Industry Scheme:
- Registering and deregistering for the CIS
- Reporting CIS suffered figures to HMRC
- CIS returns including verifying subcontractors and issuing subcontractor statements.
Additional Services
We provide a range of additional services within our Outsource function, please get in touch if you’d like to find out more by emailing info@condie.co.uk or calling us on 01383 721421.