8 Ways We Can Help

8 ways accountants can help

In our strive to help as many local businesses as we can we have dedicated ourselves and our staff to providing 8 ways that we can provide free advice to Liverpool and Wirral based companies. In our quest to add value to our customers we believe that below are 8 of the most worrying and important factors that we day-to-day proactively help our clients with:

  1. Profits: As a business profit isn’t just a word it’s a must. Whereas most accountant’s favourite word will be ‘CUTS’ we have dedicated ourselves to the word ‘GROW’. How can we help you grow your profit not cut your costs!
  2. Cash flow: Plan, manage, raise and collect. We can help with every stage of cash flow. As the life blood of a company is there anything more important to be well informed about?
  3. Personal income: We help our clients to focus on increasing what they take home after tax.
  4. Other tax bills: No company wants to pay taxes and we will help you find ways to reduce your tax bill. If big companies like Starbucks can get away with not paying a penny why should you pay a penny more than you have to?
  5. Business value: Most accountant companies only care about the books we care about how and where you want to grow your business and can provide advice to suit.
  6. Personal wealth: Retire when you want and in the style you want. Financial planning is essential to personal wealth. Why not start today!
  7. Work-life balance: Lots of little things can add up to one very big stressful thing. We consider good accounting to be lots of little things done well. Bookkeeping, pay roll and financial planning can easily become a business owner’s worst nightmare. Having a good accountant means less stress and more time with your family. Let us help.
  8. Improving the financial situation of key family members: Often we work for our families, once all the hard work is done don’t let a lack of financial knowledge erode the help you provide to your family be it education funding or transferring wealth. We have years of experience that could save your family a lot of time and money.

Our friendly staff would love to help you with any of our top 8 factors. So call today for a free, friendly no obligation chat and find out how we can help you.

Is the Grass Greener For Other SME Owners?

liverpool accountant

If you are a small business owner then the likelihood is that at one time or another you will have found yourself doing jobs that are otherwise below your pay grade… Wondering do all business owners have to run down to the shop to buy milk for everyone? I’m sure one time or another you have asked yourself… Is this really going to work will I still be in this same small office in the next 5 years? Or maybe you have found yourself working at unusual hours wondering… Do all small business owners work at 2 am in the morning? Well a recent study may have the answers all those questions and more.

According to a recent survey by AXA PPP Healthcare the next half a decade spells a time of prosperity for Small Businesses. The survey found that 62% of small business owners are prospering and that 2/3 of SME owners have very positive predictions for the next 5 years of business.

Whilst 58% of SMEs acknowledge the additional flexibility that owning a business allows them to have. 70% of all SMEs in the surveyed mentioned that that are proud, inspired and happy to be owning their own business. Business director for AXA PPP Healthcare, Glen Parkinson, said: “The future looks bright for the UK’s SMEs, which is great news for the economy, as they are the backbone of our economic output.”

Business strategy was the area that most surveyed small business owners said preoccupied most of their time with 81% of business owners involved in business strategy daily. A further 61% of small business owners are also involved in the day-to-day tasks of business operations. Painting the picture of a very hands-on approach for small business owners.

Over 1/3 of business owners are happy to switch off from their business after work hours and find themselves enjoying time with family (35% of time), exercising (22% of time) and going down the local for a few refreshing pints (11% of time).

In total 2/3 of all SME owners have stated that they have a good work-life balance!

If you want to keep more time for yourself, reduce stress and spend time working on what you are really good at, then why not have Andrew Keates Liverpool Accountants take care of your payroll and finance. To find out how we can help you and your business book a free no-obligation consultation today.



Auto-enrolment ‘blind-spot’ could be the end of your business!


Sage, the accounting the popular software company, has issued warnings that thousands of UK SMEs could be caught off guard by what has been termed the auto-enrolment ‘blind-spot’ because of the new National Living Wage changes.

With only six months until the new National Living Wage changes come into effect, Sage is advising small businesses to make significant preparations as the auto-enrolment contributions for over one million employees is set to dramatically increase.

The changes to National Living Wage means that small businesses will need to budget for a wage cost of over £5,000 per employee.

Staff are eligible for auto-enrolment if that are more than 22 years of age, less than the state pension age, are primarily UK based and are earning over £10,000 per year. As of yet over 5 million UK professionals have been placed on the auto-enrolment pension scheme. Which is a scheme that is required for any workplace that has more than one member of staff.

Lee Perkins, managing director, Sage UKI, said: “Business owners are bracing themselves for the impact of increased staffing costs with the NLW.

The managing director of Sage UKI said that in his opinion businesses are ready for the increase in staffing cost but are not currently preoccupied with preparing for the impact that the, “increased pension contributions required for a tranche of employees that will be earning an additional £5,000”.

Overall this means that by October 2018 small businesses will have to contribute 3% of an individuals annual salary into the pension scheme.

Small business owners need to be aware of this unexpected cost and act as soon as possible. If you need help preparing for these unforeseen changes please speak to one of our payroll advisors. If you aren’t currently a client please take advantage of a free no-obligation consultation to find out more about these changes.



Is this help for the small business?

The potential impact of the introduction of RTI (Real Time Information) by HMRC is hugely demanding on the ‘small business’ in addition to all the other commercial issues of general business. So yesterday an announcement has been made that the introduction of RTI for ‘small businesses’ has been deferred whilst they carry out various consultations during the summer.

However it hasn’t gone away and those businesses will have until 5 October 2013 to have everything in place and then they must operate wages/payroll under this regime.

In the meantime those employers can choose to file their wage information with HMRC but if they do then it must be filed before wages are paid, certainly no later than the end of the tax month, 5th of each month.

So just when the facts were becoming clearer HMRC have muddied the waters.

Are you confused as to whether or not RTI is immediately required for you?

Where you ready in the first place and do you know what information is required to be filed? Do you know the extent of the information being placed in the hands of HMRC?

If you have answered ‘no’ to anyone of these questions or have concerns over the operation of RTI then please contact Andrew Keates on 0151 277 5353 or you can visit our website www.andrewkeates.com

We can help with PAYE/Payroll Real Time Information (RTI) Changes in April 2013

Undoubtedly one of the most important changes ever to the operation of payroll/PAYE since it first commenced.

Although it has already been in operation for a few months for larger organisations the real impact for small/medium businesses really kicks in from the 6th April 2013. The ‘start date’ depends upon your PAYE reference number however that does not prevent anybody preparing to implement the new system.

Care and attention needs to be made to ensure that all the data held for employees is complete and correct for all the filing requirements laid down by HMRC. Equally important is to endure that your software, or that of your advisor, is fully compliant.

Basic information such as employee’s full names, dates of birth and NI numbers need to be full and correct, these are just some of the basic requirements and frequently this information is actually noted incorrectly.

The details are required so that everything is compliant with HMRC’s system and will also provide up to date details regarding all employees and therefore any application for the new ‘Universal Tax  Credit’ system.

Information is to be provided within and by a specific date/time and failure to comply by the deadline and/or pay any liability by the due date will, in due course, result in interest/penalty charges. All the information is to be reported as well before the wages are paid, so accuracy becomes hugely important

We can’t emphasise enough the need to take proper professional advice and if you have any queries or feel we can be of assistance then please contact us on 0151 649 1545 as a matter of urgency, remember the date – 6th April 2013!!

Real Time Information (RTI) and Auto Enrolment (Pensions)

Are you aware of your payroll responsibilities as an Employer for: –

a)   Real Time Information
b)   Auto Enrolment

If not then why not attend our FREE seminar on Wednesday 28 November 2012 at LFC Football Club, Centenary Stand.

Registration: 9.00-9.30am
Start time: 9.30am

For more information or if you wish to attend this seminar then please contact, Rachel Walker on the following: –

0151 227 5353 or rachelwalker@andrewkeates.com