Bookkeeping Services for Small Business in London and Across the UK

Bookkeeping Services for Small Business in London and Across the UK

Are you a London based small business? Are you in search of professional bookkeeping services? At Affinity Associates, we help small businesses and medium sized businesses (coming from different industries) to manage their bookkeeping, accounts, payroll and tax needs. With more than 40 years of industry experience, we are one of the most reputed accounting firms in London known for offering best bookkeeping services at truly affordable prices. We provide online and remote bookkeeping services that easily suits your business model and budget.

Being a small business owner, you want to play multiple roles in running your business, but bookkeeping and related administrative responsibilities can keep even the most enthusiastic business owner distracted from operating and building up their business for long periods of time. With introduction of Making tax digital by HMRC, it is now imperative that your books are prepared accurately on consistent basis. Accurate Bookkeeping is absolutely important for your business, but a resource can be hired for that, and you should focus on what you do the best – running your business and exploring new opportunities of growth.

When you hire a bookkeeper, you can free up at least 20% of your precious time, and invest that time in some other productive business activities. You can contact plenty of other clients and prospects and make a huge difference with that extra time. At Affinity Associates, our bookkeeping services for small businesses in London and across the UK are highly affordable and comes with no hidden charges. In fact, our bookkeeping services can help you save both – time and money, that you can spend in expanding your business rather than on non-productive paperwork.

Our Bookkeeping Services for Small Business

At Affinity Associates, our team of highly qualified and experienced bookkeepers and accountants can help you to organise your everyday finances as well as give you professional support, advice and guidance about where you can save money and how to monitor your cash flow. We dedicatedly work with your business just like your in-house resource.

With more than 40 years of experience, we have gained immense experience and expertise that allow us to offer highly professional bookkeeping services to small businesses in London and across the UK. Our team of dedicated bookkeepers in London will take care of every bookkeeping aspect for you so that you can have a peace of mind and focus on your core business activities.

We can Help You With:

  • Accounting & Bookkeeping
  • Credit Control
  • Sales Invoices
  • Payment Handling
  • Payroll Management
  • Cash Flow Management
  • VAT Returns
  • Management Reports
  • And More…

If you are interested in our tailor-made bookkeeping services for your small business, then contact us today to discuss your requirements. To schedule a free consultation, please contact us at Email: info@affinityassociates.com, dial: +44–020–8903–2077 or visit https://www.affinityassociates.com.

Payroll Services for Small Businesses in London: Here’s How Affinity Can Help

Payroll Services for Small Businesses in London: Here’s How Affinity Can Help

Payroll is the real challenge for almost all the small and medium-sized businesses across the United Kingdom. This is because, it becomes tough for them to juggle between the productive business activities and payroll tasks, as both of them are equally important for the prosperity of your business. Having fewer employees doesn’t reduce the load on business owners, because the complication and time-required remains almost unchanged. Moreover, ever-changing payroll legislation in the UK adds fuel to the fire, making the situation unbearable for the business owners.

If you are a small or medium-sized business in London or across the UK and want to get pass on your payroll tasks to experienced payroll professionals, then the help is here so that you can focus on what’s good and fruitful for your business. Affinity Associates, one of the leading accounting firms in London, is offering budget-friendly payroll services. When you choose to outsource your payroll to Affinity Associates, you can rest assured that your payroll is in safe hands.

With more than 40 years of experience, we take pride in ourselves in offering the highly professional payroll services to businesses in London and also across the UK. Regardless of the size of your business, when you decide to hire payroll experts from Affinity Associates, you know you’ll be getting the best payroll services in the industry by the people who understands your business and speaks your language.

Here’s How Affinity Associates Can Help Your Small Business

With the team of the most dedicated payroll experts in London, we are here to help you manage the day-to-day running of your payroll preparation and compliance. Our payroll services for businesses includes:

  • Complete Payroll Services: Being an experienced player, we can easily manage the complete process for you and keep you posted with a daily, weekly and monthly report. We can also process end of year returns, including delivering P14’s and P60’s.

 

  • PAYE Registration and Administration: We will strictly observe, calculate and deduct your employee income tax payments, national insurance contributions, and other payments that need to be deducted from their salary. We can also deliver individual payslips once they become available.

 

  • One-Off Payroll Exercises: When it comes to one-off payroll exercise such as commission, bonuses, overtime payments, etc. we are highly experienced in handling those tasks on your behalf and offer you with the year-end reconciliations and summers and analysis of staff costs.

 

  • TRONC Scheme Management for Hotels, Bars and Restaurants: Our payroll experts in London possess expertise in managing payroll for almost every industry, including hotels, bars and restaurants. We can help you manage your TRONC scheme to make sure that tips and/or service charges are distributed evenly between your employees in a tax-efficient manner and on-time.

 

  • Complete Payroll Services for Overseas Organisations: With our payroll services, we can also help overseas organisations who wants to start a business in the UK. We can help you in setting up and managing your employee payroll.

To know more about our Payroll Services for Small Businesses in London and across the UK, please visit our official website https://www.affinityassociates.com.

Contact Affinity Associates

If you have any questions or queries about our payroll services and how it can benefit your small business in London and across the United Kingdom, then feel free to contact us. We offer a free, no-obligation consultation to help you understand our payroll services work. Please dial +44-020-8903-2077 or email us your payroll requirements at mukund.amin@affinityassociates.com

Small Business Bookkeeping Services in London, Wembley and Harrow

Small Business Bookkeeping Services in London, Wembley and Harrow

Professional accounting and bookkeeping in small business allow the business owners to record, evaluate and interpret the required financial information to make an informed business decision. And these are the reasons, why accounting records have to be clear and accurate so that business can keep track of its operations. Moreover, it gives a snapshot of the sales and expenses of a business for a given period.

If you are a small business in London, Harrow or Wembley, and are in search of highly professional bookkeeping services, then Affinity Associates is worth considering. With more than 30 years of industry experience, Affinity is esteemed for offering the fast, accurate and affordable bookkeeping services to small and medium-sized businesses in London and other nearby areas.

Why Affinity Associates for Small Business Bookkeeping?

At Affinity Associates, we have the team of qualified and experienced accountants that are experts in small business accounting such as accounts payables, accounts receivables, bank reconciliations, payroll processing and more. Our certified practising accountants and experienced tax experts in London understand what it takes to stay competitive and profitable in the stance of highly fierce business environment of today. You can count on our team of accountants as your principal accounting provider.

Our team of small business accountants and bookkeepers in London possesses an intense dedication towards impeccable customer service. We hold high customer satisfaction and retention rate than any other accounting service providers in London and nearby areas.

At Affinity Associates, we always strive to offer the best possible accounting and bookkeeping services to small business owners. We not only assist our clients with the annual tax returns, but we also help them throughout the year with professional accounting services that lets them focus on the core business activities.

Hire Experienced Bookkeepers

The bookkeeper whom you hire will have unmatched ability and experience to manage your books effectively. Along with their experience and ability to manage your books professionally, they also have the immense understanding of the changing rules and trends in the industry to help you stay ahead than others.

Our Bookkeeping Services for Small Business

Here at Affinity Associates, we offer bookkeeping services in London specifically tailored to meet the needs of small business owners. We value our clients and treat them much more than just a customer.

If you are a small business owner, and need a bookkeeper or an accountant in London or any nearby areas to file your tax returns or any other finance related services, you can count on our 30 years of industry experience. We will me more than happy to help you with our bookkeeping and accounting services. For a free consultation, please call / email us on +44-020-8903-2077 / Mukund Amin or schedule an appointment online at http://bit.ly/2IJKULg.

Why Finding the Right Accountant is So Important For Your Small Business in London, UK

Why Finding the Right Accountant is So Important For Your Small Business in London, UK

 

How much do you know about accountants for small businesses in London? If you are a small business owner in London, and you don’t know why it is necessary to include an experienced accountant or a bookkeeper in your team, then it is the time when you need to seriously take a hard look at why you should. It’s not all about daily bookkeeping and taxes, but an experienced accountant can help you start, grow and keep your business thriving through the years. Let’s take a look at how they benefit your business at every stage.

Accountants During Start-up

So, you are planning to start your own business. What can go wrong? Every year, millions of people across the globe dream to become a successful entrepreneur but very few succeeded. The only difference between the successful start-ups and the one that fails just out of the gate is good advice and guidance. When you hire an accountant at the same time you’re setting up your company, chances are good you’ll get off on the right foot. An experienced accountant can;

  • Help with the financial planning and creating a financial outlook to help with funding and loans
  • Offer you the advice and guidance when summarizing a business model and plan
  • Advise on business setup and structure
  • Assistance with obtaining business licenses
  • Early set up of expense tracking and bookkeeping basics

Accountants and Day-to-Day Operations

Accountants are not only for big companies to take care of tasks like financial planning, tax filing and budget creation. They are very much useful to start-ups, small and medium-sized businesses. It is incredibly rewarding to have one in your team for the daily operation of your business. An experienced bookkeeper will ensure that all your books are maintained up-to-date and recorded properly, while an accountant can work with your bookkeeper to make sense of all of that financial information. Moreover, here’s are some more tasks they can manage, and they are;

  • Month-end accounting
  • Financial statements
  • Ensure compliance with government regulations
  • Oversee and manage payroll for your employees and contractors
  • Find cost savings when working with vendors and suppliers
  • Manage tax preparation year-round, not just at tax time
  • Create financial reports and summaries
  • Assist with budget creation and management
  • Contract oversight and administration
  • Asset and inventory tracking

Accountants When Business Is Flourishing

With a lot of hard work and a little push from the luck, finally, your business gets off the ground quickly and starts to flourish. Along with sweat and good fortune, the growth of your company depends on many other factors as well. You need some truly dependable individuals behind you who can help you steer the situations in the right directions.

It’s your business; hence, you are undoubtedly the expert when it comes to your product or service, however, you might not be an expert when it comes to the services a good accountant can provide. For instance, they can help in many ways such as;

  1. Perform cash flow analysis to help with decisions regarding growth
  2. Create reliable financial forecasting to help guide those decisions
  3. Guide you to manage growth responsibly and plan accordingly
  4. Recognize possible opportunities you can take advantage of
  5. Help make appropriate and well-informed choices when investing in equipment, inventory, and overhead
  6. Help you with industry pricing to keep you profitable and competitive

You can try, but wearing all the hats at a time is not possible and not in favour of your business. Having a professional advice is always beneficial for your business, especially when it is in the initial stage. An accountant can help you with all the start-up decisions along with paperwork. Moreover, they can also keep the things humming along during your daily operations. Most importantly, during the lulls of business, an accountant can help keep you afloat by keeping finances under control, helping manage expenses, and negotiate interest rates that can help get you through the hard times.

Meet the Best Accountants in London only at Affinity Associates

If you are in search of an experienced, professional and dependable accountant in London who can stand by you 24*7, then you are at the right place. At Affinity Associates, we have the accountants who can fit any business domain and any budget.

To find the right accountant for your business, look no further than Affinity Associates. For a free quote and consultation, get in touch with our experts in London today at +44 020 8903 2077 or schedule an online appointment at https://www.affinityassociates.com/contact-us.

5 Reasons Why Small Businesses in London are Turning Towards Bookkeeping Services

5 Reasons Why Small Businesses in London are Turning Towards Bookkeeping Services

Lots of businesses (both small and medium) in London are turning towards bookkeeping services, and there are plenty of favorable reasons for that. Businesses in London are hiring accounting firms for activities such as financial bookkeeping, accounting and reporting, in order to reduce costs and to increase efficiency. Reducing operational cost, access to more affordable technology, skilled resources and improved credibility are some of the reasons why bookkeeping service is turning out to be a more promising solution for small businesses in London, UK. However, we have listed 5 prominent reasons why small businesses in London are looking for professional bookkeeping services, and they are;

Reduced Workload: Hiring someone else to do your tiring job, allows you and your core team to have more idle time which you could turn productive. Reduced workload offers you enough time to focus on other core business activities, and you may be able to finish more work per day compared to when the business was inefficient with doing the bookkeeping in-house.

Cost Effective: Compared to hiring an in-house bookkeeper, bookkeeping services for small business are quite cost effective. You can forward all the hectic bookkeeping and accounting tasks at the fraction of the cost. Contact bookkeeping service providers like Affinity Associates for a free quote and consultation to find out how much money you can save in a long run.

Reliable and Interrupted Services: Your in-house bookkeeper may stay on medical leave or anything else, but bookkeeping services are uninterrupted as they have a team of experts for backup. Moreover, their services are more reliable and accurate as they are well-versed with all the latest bookkeeping software.

Real Time Update: Accounting firms offer you access to regular financial health checks, and the ability to initiate transactions on-the-go. This can help you monitor your work processes, making you better informed about what works and what doesn’t, and can enable you to work flexibly, and with sound knowledge of your current situation. Never make another uninformed decision.

You Stay Focused: When you forward your bookkeeping tasks to accounting firms, you have more time on your hands and less work to worry about. You can focus on prospects that can boost the growth of your business. Any man would want to be able to free up their time just to be able to see the whole picture clearly which is why it is essential that you hire a bookkeeping firm your bookkeeping tasks today.

Small Business and Bookkeeping Services

Small businesses in London have limited manpower and over the top, it all have their core competencies to be concentrated on; therefore tasks keep getting piled-on in the bookkeeping section. Moreover, for a small organization, it can be a pricey matter to hire an Accountant or a Bookkeeper unless and until the firm acquires a considerable size. Bookkeeping services are here to rescue and help you expand your business in all the verticals.

To know more about how bookkeeping services for small business work in London, and how it can help you save time and money, please feel free to contact Affinity Associates at https://affinityassociates.com. We have more than 30 years of experience in offering best bookkeeping services to small business in London, Harrow, Wembley and other nearby areas.

Professional Bookkeeping Services – The Job is Over and Above Than Just Keeping the Books Up-to-Date

Professional Bookkeeping Services – The Job is Over and Above Than Just Keeping the Books Up-to-Date

Whether you are a small business owner or a startup, the job of a professional bookkeeper is to ensure that you are following standard business practices and also offer you all the financial information you need to make better business decisions. From preserving the data of daily transactions in the general ledger to delivering in-depth financial reporting; here are the most important tasks that a professional bookkeeping service can perform to ensure smooth functioning and growth of your business;

Collecting Key Financial Reports

Every business, either small or large, is operated with an objective to earn more profit than it spends. But, how will you figure out whether your business is earning the desired fortune or not? In order to conclude, whether your business is making a profit or not, you need to review an array of financial reports. Of particular importance — especially in the startup phase, where cash is often in short supply — is the cash flow statement. If you or your bookkeeper don’t understand the consequences of this statement, the outcome could be tragic.

Performing Regular Reconciliations and Closings

There are two methods of accounting – cash method or the accrual method, which method does your business use? An experienced and knowledgeable bookkeeper can advise you on which method makes sense for your business and then set up a bookkeeping system accordingly. A professional bookkeeper is well aware about the importance of tracking the finances in the real time, so that when the month ends, the month-end closing is almost done. Putting in place a system of daily, weekly, monthly, quarterly and annual bookkeeping tasks will help keep your business organized and give you up-to-date financial information.

Maintaining Accurate Tax Records

It is crucial that the bookkeeper your hire maintains accurate records of your tax – it is properly coded, categorized and tracked not just at the filling deadline but throughout the year. Keeping a proper track of your record tax record will enable you to not only keep up with all the required forms, but also prepare your firm for an unexpected IRS or state audit.

Keeping Business Expenses and Personal Expenses Separate

This point is especially for the business owners who are maintaining their accounts and tax on their own without any professional help. If you are mixing your personal and professional finances, then there is a higher chance of liability — even jeopardizing your personal assets. If you want to benefit you and your business by the protection offered by a business entity, then it is necessary that you create a firewall between your two financial worlds. And, this can be done by separate bank accounts, separate credit cards and separate sets of books.

To Conclude

Even you can conclude from the above mentioned points that no business is complete without the help of professional bookkeeping services. If you cannot hire an in-house bookkeeper, then there are small business accountancy firms like Affinity Associates to take care your finances professionally. To know more about how bookkeeping services for small business works and how it benefits them, please contact Affinity Associates for a free consultation https://www.affinityassociates.com.

Here’s How Affinity’s Bookkeeping Services Can Make Your Life a Whole Lot Easier

Here’s How Affinity’s Bookkeeping Services Can Make Your Life a Whole Lot Easier

Some years back, if a business owner required an accountant or a bookkeeper, then he/she needs to hire someone and create a separate department within their business for that function. As an economical solution to this problem, most of the small business owners and individuals have approached towards outsourcing their day-to-day bookkeeping tasks.

Outsourcing is a process of hiring a skilled resource from outside of your business to deal with your specialists tasks and paying them a fee to do so. It may be that you outsourced your bookkeeping, your payroll, your copywriting or your marketing. Irrespective of the task, if managed in the right way, outsourcing can add real power to your business.

For instance, let’s consider your bookkeeping tasks. If you are a small business, you tried to do absolutely everything yourself to save some money, which you can invest in business expansion. That said, it’s probably also the case that you reached a point whereby you realised that this was a false economy. Outsourcing your bookkeeping is an ideal way to ensure your financial affairs are kept in order, at the same time freeing yourself for the other core business responsibilities. By outsourcing your bookkeeping, you’ll:

1. Be More Active in Your Role:: If you are busy handling your bookkeeping tasks instead of focusing on what you need to do to expand your business, then indirectly you are chocking the growth of your business. By the time you are occupied in finishing your bookkeeping tasks, you miss more valuable business opportunities. Leave the task to the professionals and be more active in your role of expanding your business.

Irrespective of whether it’s you, or another member of your team who’s taking responsibility for your bookkeeping, there’s no getting away from the fact that the opportunity cost is probably higher than you realise.

2. Have Peace of Mind: : When you contract us for your bookkeeping and accounting tasks, we ensure that you have a complete peace of mind. We offer you all the back up of our expertise to ensure that the job is done in the most professional manner and on time. We also ensure our availability at the time of urgency as well. The level of peace of mind, we offer is hard to find even with the in-house resource.

3. Save More Money: : Our bookkeeping services for small businesses are not only professional but also economical. We can help you save more money than other service providers in the London. This is because you only pay for what your business needs. Unlike employing someone to do the job in-house, you won’t need to pay for periods of sickness or holiday pay. This means our services represents real value for money.

4. Always Have an Expert on Your Side: : An experienced bookkeeper or an accountant who is up-to-date with regulatory requirements will be on your side at any point of time. Each and every member of our team knows what’s required to do the job correctly. You can benefit from this expertise on a pay-as-you-go basis, only ever paying for what you need.

With more than 30 years of industry experience, we hardly found a small business owner who says he/she loves bookkeeping, and if you are one of them, then Affinity Associates is here to take charge of all your bookkeeping needs. By hiring a bookkeeper or the entire team of bookkeeper for your business will not only allow you to focus on your business, but will also provide you the exact picture of your finances. You get to do your job and you know that your bookkeeping is being done by an expert.  That truly is win:win for you.

If you’d like to know more about the pros of our bookkeeping services for small business, then get in touch today at https://www.affinityassociates.com. We’re here and available to give you an impartial view of how your business might benefit from this opportunity.

Bookkeeping Services for Small Business – Hire Professional and Experienced Bookkeepers in London

Bookkeeping Services for Small Business – Hire Professional and Experienced Bookkeepers in London

There are plenty of factors that ensure the success of a small business – and maintaining accurate and up-to-date books is one of them. Bookkeeping is the process of recording financial transactions such as sales, purchases, payments and receipts, either by individual or organizations. To ensure the timely completion of your bookkeeping and accounting tasks, you need to hire an experienced bookkeeper or contact an accounting firm like Affinity Associates that provides professional bookkeeping services to small business across the London, United Kingdom. The bookkeeping services provided by these companies ensure complete relaxation and peace of mind.

Outsourced bookkeeping service is the best option for a small business owner who finds it difficult to maintain the balance between business accounts and other business processes. Outsourced bookkeeping services for small business ensure a perfect balance between the books of accounts, creating invoices and managing accounts payable. Other advantages of outsourcing your bookkeeping tasks are that you don’t have to hire an inhouse bookkeeper, you don’t have to train them, nor you have to worry about their salaries and other expenses. And these are the reasons why professional bookkeeping services are becoming very popular among various small business organizations in the United Kingdom.

With years of experience doing bookkeeping and general accounting for small businesses in London, Affinity Associates has developed tools and tricks to make this tedious process accurate and efficient. Our experienced team of bookkeepers and accountants can perform your complete back-end accounting and bookkeeping tasks or individual tasks, depending on your bookkeeping and accounting requirements. Moreover, to ensure 100% precision and synchronization, we use the trusted bookkeeping software such as QuickBooks, Peachtree, Quicken, MYOB, Sage Accounting or proprietary software to perform the work.

Being in the business for decades, we have the clients coming from different business domains. We take great pride in ourselves on having the ability to offer personalized bookkeeping services that are designed particularly to suit the preferences of every client. To ensure that all the transactions are documented properly, we allocate a dedicated resource to handle and manage each of our customers. Being a leading bookkeeping service provider, we are flexible in working with your in-house accounting team to streamline your business finances. Our team has the versatility and expertise to proactively contribute to your company, regardless of whether you are a small-scale and mid-sized business, CPA or perhaps CFO.

Our understanding and care for our clients extend beyond the bookkeeping and accounting services. Our experienced accountants have a high level of expertise and can offer productive financial advice, business planning and industry-specific guidance to your challenges. All of our work is done in-house and we provide infinite email, chat and phone support for any questions you have.

Let our team of bookkeepers and accountants help with bookkeeping so you can get peace of mind and focus on what’s important for your business. For a free consultation and quote, feel free to contact us at https://www.affinityassociates.com.

Tips To Efficiently Manage the Bookkeeping Tasks in Real Estate Industry

Tips To Efficiently Manage the Bookkeeping Tasks in Real Estate Industry

We all know that the global real estate industry is booming at a promising rate, the companies (both especially small and medium-sized) in this industry have been experiencing some challenges of late, including the credit crunch, reduced construction, reduced prices of commercial properties and reduced lending to name a few. As per the report published by Forbes, the real estate is expected to perform even better in 2019, which means the global real estate industry revenue is projected to increase in the next 5 years.

As the real estate industry offers plenty of opportunities for high volume transactions, it is mandatory that the companies associated with it keeps a check on the inflow and outflow of money, almost on a regular basis. Small and medium sized often find it difficult to maintain books of accounts themselves. Professional Bookkeeping services can help them stay on course and paint an almost accurate picture of their financial standing.

Follow These Tips to Efficiently Manage Your Bookkeeping Tasks

  1. Timely Update your Accounting Books: Bookkeeping is a fussy process; hence, it is necessary that all your books are updated at a regular interval of time to minimize error and offer the greatest visibility. Small and medium sized companies often overlook or disregard bookkeeping tasks because of the tedious nature of the task. If it is not possible for you to maintain the account books for yourself, then it is advisable to outsource your bookkeeping tasks to firms like “Affinity Associates”. Bookkeeping services not only will not take care of your basic bookkeeping needs such as account maintenance, ledger services, forecasting and budgeting, but also cover a lot of accounting and financial related.
  2. Maintain Your Records Perfectly: Not only in real estate industry, but in any industry, it is necessary to maintain the traction records perfectly. But, as the real estate industry deals with the large volume tractions at a fast pace, it is vital to have a pristine record book to avoid any accounting errors in the future. You can maintain your records in Microsoft Excel spreadsheets, and maybe a tryst with QuickBooks or more sophisticated, complex options, such as FreshBooks, BusinessWorks, Buildium, etc.
  3. Make Use of Latest Technology in the Industry: Every industry is experiencing the technological drift; therefore, it is a smart decision to step up to the trending technology. You can make use of bookkeeping software such as Zoho Expense, Expensify or Abacus to help monitor data, keep a close track of records, and store eons of data in a fashion that is easily accessible. Moreover, you can also make use of apps like Evernote to create an efficient online filing system and do away with age-old physical filling cabinets. Technology makes data management fast, easy and convenient.
  4. Keep the Professional and Personal Transactions Away: It happens that many of your family members are part of your firm, as a result of which, the thin line of distinction between “professional” and “personal” diminishes slowly. Anyone who maintains the bookkeeping for the real estate business should maintain even the small business transactions such as telephone bills.

Outsourcing Bookkeeping Services to Affinity Associates

At Affinity Associates, we offer a wide range of bookkeeping services, including creation and management of general ledger, trial balance, balance sheet, financial statements and expenses ledger to name a few. We have vast expertise in finance and accounting services have brought us accolades and support of loyal clients who have been our partners for years.

Our well-trained team and top infrastructure allows us to deliver cost-effective bookkeeping services that surpass the expectations of our clients. For a free quote and consultation on our Bookkeeping services for small and medium-sized businesses, please contact us at https://www.affinityassociates.com. Our experts will follow-up with a customized quote within 24 hours.