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Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.
Free up time and alleviate financial burdens
Lee Rolf has a small business that provides domestic and commercial electrical installations and repairs called Powerwise Electrical Ltd. As many small business owners find, Lee was spending many hours of his time completing paperwork and ending up working late at night or at weekends.
Predominately Lee found that keeping track of purchase invoices and reconciling sales invoices against his bank statements and preparing VAT returns to be an arduous task. Lee was recommended to Brian at The Financial Management Centre in Horsham about two years ago to try to ease some of the burden.
After initial discussions with Brian and the team, Lee Rolf of Powerhouse Electrical is now able to drop off all his purchase receipts, sales invoices and bank statements on a monthly basis to Brian and his team where they put them in order and record his monthly income and expenditure. The quarterly VAT return is then calculated and returned to HMRC on a timely basis. The Financial Management Centre then pass on the information needed for their accountants to put together annual statutory accounts.
The firm has grown since initially meeting with Brian who also runs the monthly payroll and ensures the requirements of the Construction Industry Scheme (CIS) are complied with for Powerhouse Electrical Ltd.
“Lee Rolf commented “It’s such a relief to not have to worry about getting it right. All I have to do now, is remember to keep the paperwork in a file and pop it round to Brian once a month. The team at The Financial Management Centre are always professional and has meant that I keep on track and ensure that my VAT return is submitted on time. I would highly recommend Brian and The Financial Management Centre to other small businesses.”
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