KIAMSOLUTIONS

Book keeping for many businesses owners is a headache they could do without. Not only is it a mine field of potentially costly errors, it can also cost precious time that could be spent dealing with more important matters like running a successful business. All businesses are required to keep accurate records for both taxation and VAT purposes. Good bookkeeping practices also benefit the business by helping you manage and control your finances, plan for future growth and ensure that your accounts are completed more efficiently, which should in turn avoid late filing penalties.

At KI Accountancy and Management Solutions, we know how time-consuming keeping your books up to date can be. That is why we now offer a full and cost effective book keeping service for businesses of all small to medium sizes.

Invoices, statements and payments
Why not let our financial consultant manage your entire book keeping operation on your behalf? We are able to handle all invoices, bank statements, process your payments, prepare your accounts and complete your VAT returns. Our experts can also equip your business with vital key performance indicators and on-going tax liabilities.

If you’re looking for an even more speedy and economical service, we now do not need you to supply hard copies of invoices, receipts or other financial documents. We can accept scanned or emailed documentation. Meaning you can retain the original’s.

We can assist individuals and businesses with the preparation of their cash flow projections, budgets and business projections as and when required. A cash flow projection is probably one of the most important management reports as it shows how cash is expected to flow in and out of the business and how much capital investment your business needs. These reports are typically required by lenders when you want to borrow money and can assist in the successful running of your business.

KI Accountancy & Management Solutions can provide an accurate and comprehensive service specifically tailored to suit your business’ and/ or lenders’ requirements. These reports are typically required by lenders when you want to borrow money and can assist in the successful running of your business.

At KI Accountancy and Management Solutions, we understand how critically important budgeting is for the organization and how enormous benefits organization can enjoy if it is conducted effectively.

Budgeting provides organization with important set of information which enables the organization to monitor and control operations. They also show employees an overall picture of the direction of the organisation which can motivate staff. It also helps to co-ordinate different departments and aligns them towards shared objectives and provides a framework for delegation

However, if gone wrong, it can make less efficient use of organization’s resources, damage the market position and in many cases companies can get out of business.

Why not you concentrate on the core activities of your business and let our Financial Consultant not only help you prepare your budget but also analyse and recommend the strategies that your organization needs to grow and stay ahead in your business.

Employment red tape can be intimidating, but not to worry, we’re here to help you and your business and can guide you through the processes, costs, calculations and deadlines!

With the introduction of Real Time Information (RTI) meeting your obligations as an employer can be incredibly daunting. RTI means employers will now share information with HMRC on-or-before payments are made to employees but we at KI Accountancy and Management Solutions are fully aware of the changes and uses HMRC-approved, RTI-compliant payroll software.

We as your Consultants, can also set up an Employers' Scheme with HMRC for you and we can advise you of whether employees should be added to the payroll or not and deal with the relevant forms/ submissions for you. We will calculate throughout the year your employees' net pay, report the figures and information to HMRC and provide you with payslips to pass on to your employees. We can calculate the tax and National Insurance deductions applicable; even if your employees are on sick, paternity or maternity leave. We can also help you to keep track of their holiday entitlement and can file all the starters and leavers forms on your behalf. Late payments or underpayments of employers' deductions can now lead to hefty penalties, so we can help you avoid incurring these.

We can also prepare your benefits and expenses forms and advice you of any filing requirements or National Insurance that falls due. Benefits and expenses can be a very complicated area and knowing what and where to report can be tricky, but we can relieve you of the burden.

We can file all of your PAYE returns for you with HMRC and provide you with P60s to distribute to your staff at the year end.

The responsibilities faced by employers can be intimidating, but we can help you and guide you through the processes, costs, calculations and deadlines and take care of everything for you. All you need to do is call us and we’re here to help and do the rest.

The UK has one of the largest tax codes in the world, so preparing even the most straightforward tax returns can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of. The most common reasons that a tax return may be required are as follows:

 You are self-employed or a partner in a partnership
 You are a company director
 You have large amounts of savings or investment income
 You have untaxed savings or investment income
 You own land or property that is being let
 You have income from overseas
 You have sold or given an asset away (such as a holiday home or some shares)
 You’ve lived or worked abroad or aren’t domiciled in the UK

Staffs at HM Revenue & Customs are not tasked to advise you on how to organise your tax affairs. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional. KI Accountancy & Management Solutions Ltd will use HM Revenue & Customs-approved software to:

 Complete your tax return
 Calculate your tax liability
 File the return online
 Liaise with you on the amounts to be paid and when they are due

This process helps to minimise your risk of a HM Revenue & Customs enquiry into your tax affairs. If you are experiencing cash flow problems, we can help you explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs on your behalf. By giving you a fixed, competitive price, we can take the worry away when it comes to self-assessment tax returns; allowing you to concentrate on running your business

Also if you require a personal, sole trader, or partnership tax return completed then you have come to the right place!

KI Accountancy and Management Solutions – Financial Consultants specialise in tax to help private individuals and businesses like you save both time and money.

Our specialist teams can conduct a thorough assessment and calculation of your liabilities and help you to navigate through any overpayments you may have made previously.

We also manage self-assessments. Handle any tax returns and correspondence, and negotiate on your behalf in the event of a dispute. Is it time you found how much tax you should be paying? Or how much you could be saving?

The profit and loss accounts provide invaluable information about your business and are particularly useful in effective decision making. KI Accountancy and Management Solutions as your financial Consultants, we will advise you on how to strengthen your record keeping procedures which in turn will help you run your business more effectively. Having accurate, timely management information can assist you in managing your stock levels, your customer balances owed, your supplier balances due and your cash flow. Your accounts will be prepared in accordance with accounting standards and we will check a true and fair review of financial statements. Whether you are a sole trader, partnership or limited company, letting us to prepare your year-end accounts will relieve you of what can be an extremely stressful and time-consuming exercise. KI Accountancy & Management Solutions Ltd offers competitive pricing with flexible appointment times and is dedicated to offering a professional and friendly service.

As your Management System Analyst at KI Accountancy and Management Solutions, we understand how important it is to eradicate any inefficiency and non-added value roles from the operational tasks carried out. We help you through researching the loopholes, engineering specialized solutions for your business and implementing these ideas to help your business grow. This is possible because we will diligently undertake to research and understand the industry within which you operate, your business operations, your product/service offering as well as the needs of your key account holders. We will also make sure that the internal control policies are implemented and reviewed on regular basis to improve the system.

Management Reports provide organizations with necessary information to plan and forecast their future of business operations, profitability, and resource allocation. At KI Accountancy and Management Solutions, we provide you with detailed weekly, monthly and quarterly management status reports about each key account holder, such as suppliers, customers and potential customers and stakeholders. We also produce cost benefit analysis reports, financial reports and other relevant business reports to keep you at ease in taking effective decision making.

We believe our growth depends on the growth of our business clients. As yesterday’s business style and strategies cannot be relied on to develop in tomorrow in this competitive world, we at KI Accountancy and Management Solutions, assist our clients to identify and affirm the identity of their brand(s). We do this by an initial research with our clients within the organization and outside in the market about questions such as:

 What is our client’s Unique Selling Proposition (USP)?
 How our client’s product/service differs from their competitors?
 Why use our client’s products or services instead of those of your competitors?
 How can the staff be more skilful and trained?

In doing so, we will assist our clients by ensuring that their business are known for the right reasons. We will establish a ‘company personality’ for our clients and ‘roll out’ this personality across multiple marketing and Sales platforms and develop individual strategies to achieve market goals.

Businesses in this competitive market environment differ from the traditional business situations where minor mistakes can cause businesses to shut down. We KI Accountancy and Management Solutions therefore are very well aware of how resources are important and should be utilized in their best mix. We as Business System Analyst takes that stress out of your business operations and let you use one the very important resource – time to use it in the core business activities. We provide based on the past business activities, market research and customer responses of the business develop an optimal plan of re-order levels of different products/services offered and stocks in order for you to enjoy the maximum benefit and best return over investment in business.

We as Management System Analyst offer you solutions on maintenance of your stock accounts. We tailor system to link different departments within your organizations in such a fashion so you can get detailed stock and inventory reports in hand so and when needed. These are the reports businesses require to make decisions over which products/services should be prioritized over others. We also assist you in doing the year-end inventory count to determine closing inventory for account preparation.