“Avoid Wasting Time and Money” Finance Company Advises Local Businesses

Blue Sky Corporate Finance, is helping and advising local businesses on how to improve efficiency, reduce costs and focus on growing their business.

In the current economic climate, it’s vital that every business keeps overheads to a minimum, that’s why Blue Sky Corporate Finance believes that by businesses outsourcing their bookkeeping, payroll and accounting services, they can make significant savings on resources without losing efficiency.

Tony Seaton, Associate Director, Blue Sky Corporate Finance said: “Our Outsourcing Services are available to all types of businesses, whether it is sole traders, partnerships or limited companies, and is individually tailored to meet a client’s specific requirement, therefore enabling them to enjoy the   benefits of total accounting flexibility.  Our cost effective and efficient Outsourced Services are designed to remove financial administration worries and ensure a business is always up-to-date on the latest legislation and procedures, therefore leaving clients more time to manage their business.”

Looming HM Revenue & Customs Legislation

 

A recent announcement from HM Revenue & Customs (HMRC) demonstrates the importance of businesses being aware of the very latest legislation and procedures.

In April 2013 a new system of reporting pay and tax details to HM Revenue and Customs is to be introduced.  Under the new system, known as Real Time Information (RTI), employers will be required to send data about PAYE, NIC and student loans every time they pay their employees, rather than with their end-of-year tax return.  This will also see the end of manual payroll systems.

HMRC hopes that RTI will help them to operate more efficiently and accurately as the aim is to ensure individuals pay the correct amount of tax and NIC during the year, and also to support the introduction of the Universal Credit in October 2013 by providing up-to-date details of an individual’s employment income.

Blue Sky recommends that businesses think about what RTI means for them and prepare early to ensure they continue to pay employees and HMRC on time.  Alternatively, they can contact the Blue Sky team of  friendly, professional and experienced advisors for a FREE no obligation review to discuss their payroll, bookkeeping or accountancy requirements in more detail and find out how Blue Sky can help them.