At ZincBooks we understand that no two clients are the same. We take the time to understand their short and long term goals and work to deliver solutions to meet those goals.
Our aims are to save our clients time and money. We look to save time through working with the latest cloud accounting software and associated applications to automate bookkeeping and we save our clients money through proactive tax planning advice that is relevant to the client.
Evolution from start up sole trader to limited company employing staff and sub-contractors.
This long-standing client needed help in developing from a start-up sole trader business to a VAT registered limited company, employing a number of staff and sub-contractors.
Using our extensive knowledge and expertise in the trades sector, we understood the challenges and were able to provide solutions to meet them. This included automating the bookkeeping by introducing cloud-based accounting systems and receipt management software. This has left the directors free to do what they do best – grow the business.
By taking the time to understand companies’ business goals, we’ve always been able to ensure that they are in the most advantageous taxation schemes in order to minimise their tax liabilities. Our cash flow management tools have also improved the company’s cash flow and helped it to plan for the future with full visibility of how its growth plans will impact on cash flow.
We are proud to support the company as it continues to grow. Our solutions and tax advice have saved hours of time in record-keeping and data entry. The cash flow management that we’ve implemented means the company is set fair to achieve its growth targets.
Provision of a cloud-based accounting system to ensure Making Tax Digital compliance.
As well as recommending the ideal accounting software package, we also identified a significant opportunity for streamlining the customer’s invoice and payment process. By training the sales force on use of the mobile invoicing app and linking to a payment solution, we enabled customers to pay on the spot, immediately following job completion. This saved countless hours of time, raising an invoice days after the job and then waiting for the bank transfer to come through.
For years, the client had its accounting on paper ledgers and spreadsheets. With Making Tax Digital for VAT looming, they needed a different approach.
The client was naturally apprehensive but understood that, in order to remain compliant, the change was essential.
Within a week, we had implemented the software and the client had installed Receipt Bank so as to eliminate any manual data entry as part of the bookkeeping process.
As a result of these changes, the company is now fully HMRC compliant and has significantly improved its cashflow.
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